Abbreviated Company Accounts - BROOK FINANCIAL MANAGEMENT LIMITED

05856521 BROOK FINANCIAL MANAGEMENT LIMITED 2013-06-30 false 2012-07-01 2013-06-30 true 05856521 2012-07-01 2013-06-30 05856521 2013-06-30 05856521 2012-06-30 05856521 uk-gaap-cd-bus:Director1 2012-07-01 2013-06-30 05856521 uk-gaap-cd-bus:Director2 2012-07-01 2013-06-30 uk-gaap-cd-bus:Director3 2012-07-01 2013-06-30 uk-gaap-cd-bus:Director3 2013-06-30 uk-gaap-cd-bus:Director3 2012-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-07-01 2013-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2012-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2012-07-01 2013-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2013-06-30 uk-gaap-cd-bus:OrdinaryShareClass2 2012-06-30 iso4217:GBP shares

Registered Number 05856521

BROOK FINANCIAL MANAGEMENT LIMITED

Abbreviated Accounts

30 June 2013

BROOK FINANCIAL MANAGEMENT LIMITED Registered Number 05856521

Abbreviated Balance Sheet as at 30 June 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	12,441	8,260
		12,441	8,260
Current assets
Stocks		450	450
Debtors		32,298	35,429
Cash at bank and in hand		16,230	8,316
		48,978	44,195
Prepayments and accrued income		14,139	10,320
Creditors: amounts falling due within one year		(48,427)	(27,666)
Net current assets (liabilities)		14,690	26,849
Total assets less current liabilities		27,131	35,109
Provisions for liabilities		(2,267)	(1,382)
Accruals and deferred income		(727)	(494)
Total net assets (liabilities)		24,137	33,233
Capital and reserves
Called up share capital	3	15	15
Profit and loss account		24,122	33,218
Shareholders' funds		24,137	33,233

For the year ending 30 June 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 March 2014

And signed on their behalf by:
K J Smith, Director

BROOK FINANCIAL MANAGEMENT LIMITED Registered Number 05856521

Notes to the Abbreviated Accounts for the period ended 30 June 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding VAT, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write-off the cost less residual value of each asset type over its expected useful life, as follows:
Leasehold properties - Straight line over the life of the lease
Office equipment - 33% straight line
Furniture and fittings - 25% straight line

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

Other accounting policies
Deferred Taxation is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at the date that will result in an obligation to pay more tax.

2Tangible fixed assets

	£
Cost
At 1 July 2012	12,673
Additions	8,480
Disposals	0
Revaluations	0
Transfers	0
At 30 June 2013	21,153
Depreciation
At 1 July 2012	4,413
Charge for the year	4,299
On disposals	0
At 30 June 2013	8,712
Net book values
At 30 June 2013	12,441
At 30 June 2012	8,260

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
8 A Ordinary shares of £1 each	8	8
7 B Ordinary shares of £1 each	7	7

4Transactions with directors

Name of director receiving advance or credit:	Mr K and Mrs A Smith
Description of the transaction:	Loan
Balance at 1 July 2012:	£ 1,060
Advances or credits made:	£ 13,554
Advances or credits repaid:	-
Balance at 30 June 2013:	£ 14,614

During the year the directors advanced further loans to the company on an interest free basis, the balance outstanding at the year end was £14,614 (2012: £1,060)