Registered Number 05856521

BROOK FINANCIAL MANAGEMENT LIMITED

Abbreviated Accounts

30 June 2014

BROOK FINANCIAL MANAGEMENT LIMITED Registered Number 05856521

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 39,679 12,441
39,679 12,441
Current assets
Stocks 450 450
Debtors 57,871 33,177
Cash at bank and in hand 8,921 15,350
67,242 48,977
Prepayments and accrued income 13,112 14,139
Creditors: amounts falling due within one year (77,845) (48,426)
Net current assets (liabilities) 2,509 14,690
Total assets less current liabilities 42,188 27,131
Creditors: amounts falling due after more than one year (12,815) 0
Provisions for liabilities (4,229) (2,267)
Accruals and deferred income (509) (727)
Total net assets (liabilities) 24,635 24,137
Capital and reserves
Called up share capital 3 15 15
Profit and loss account 24,620 24,122
Shareholders' funds 24,635 24,137
  • For the year ending 30 June 2014 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 30 March 2015

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 2014

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 and services 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 over its expected useful life, as follows:
Leasehold Property Improvements - Straight line over the life of the lease
Office Equipment - 33% Straight line
Fixtures & Fittings - 25% Straight line
Motor Vehicles - 15% Straight line

Valuation information and policy
Stock and work and progress are 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 that date that will result in an obligation to pay more tax.

2Tangible fixed assets
£
Cost
At 1 July 2013 21,153
Additions 35,764
Disposals (327)
Revaluations -
Transfers -
At 30 June 2014 56,590
Depreciation
At 1 July 2013 8,712
Charge for the year 8,526
On disposals (327)
At 30 June 2014 16,911
Net book values
At 30 June 2014 39,679
At 30 June 2013 12,441
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
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 2013: £ 14,614
Advances or credits made: £ 17,341
Advances or credits repaid: -
Balance at 30 June 2014: £ 31,955

During the year the directors advanced further loans to the company on an interest free basis, at the balance sheet date these loans totalled £31,955 (2013: £14,614)