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Company registration number:03457354
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LEONARD BROWN LIMITED
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ABBREVIATED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 October 2015
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LEONARD BROWN LIMITED |
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BALANCE SHEET |
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AS AT 31 October 2015
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2015 |
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2014 |
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Notes |
£ |
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£ |
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£ |
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£ |
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FIXED ASSETS |
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Intangible assets |
2 |
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205,763
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205,763
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Tangible assets |
3 |
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5,865
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2,657
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211,628
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208,420
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CURRENT ASSETS |
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Debtors |
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48,154
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49,096
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Cash at bank and in hand |
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83,597
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157,758
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Current asset investments |
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212,943
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123,477
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344,694
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330,331
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CREDITORS |
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Amounts falling due within one year |
(59,294) |
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(42,050) |
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NET CURRENT ASSETS |
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285,400
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288,281
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TOTAL ASSETS LESS |
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CURRENT LIABILITIES |
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497,028
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496,701
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NET ASSETS |
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497,028
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496,701
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CAPITAL AND RESERVES |
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Called-up equity share capital |
4 |
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105
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105
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Profit and loss account |
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496,923
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496,596
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SHAREHOLDERS FUNDS |
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497,028
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496,701
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For the year ending 31 October 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
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These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Approved by the board of directors on 3 May 2016 and signed on its behalf.
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.......................................................................... |
Richard Lane - Director
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3 May 2016
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The annexed notes form part of these financial statements. |
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LEONARD BROWN LIMITED |
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NOTES TO THE FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 OCTOBER 2015 |
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1. |
Accounting policies |
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Basis of preparing the financial statements |
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The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).
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Statement of cashflow |
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The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.
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Turnover |
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Intangible assets |
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Goodwill is kept at cost or net realisable value.
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Fixed assets |
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Tangible fixed assets are stated at cost less depreciation. Depreciation i provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
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Fixtures and Fittings - 20 % - 35% per annum reducing balance Computers - 25 % per annum of cost
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Stocks and work In progress |
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Work in progress is valued at the lower of cost and et realisable value.
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Pension scheme |
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The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
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3. |
Tangible fixed assets |
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Total |
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Cost |
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At start of period |
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8,106
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Additions |
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5,343
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Disposals |
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(1,061) |
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At end of period |
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12,388
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Depreciation |
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At start of period |
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5,449
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Provided during the period |
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2,134
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On disposals |
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(1,061) |
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At end of period |
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6,522
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Net Book Value |
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At start of period |
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2,657
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At end of period |
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5,865
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4. |
Share capital |
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Allotted, issued and fully paid
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2015 |
2014 |
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£ |
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Ordinary shares of £1 each
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105
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105
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Total issued share capital |
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105
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105
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5. |
Transactions with directors |
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On the 31 October 2015, Leonard Brown, director, owed the company £7,954 (2014 - £18,691).This was repaid to the company by the 30 June 2016 in full. |
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6. |
Ultimate controlling party |
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The company is controlled by Mr. L. Brown, a director and major shareholder
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