Registered Number 02593411

MUNRO BRICE & CO. LIMITED

Abbreviated Accounts

31 December 2014

MUNRO BRICE & CO. LIMITED Registered Number 02593411

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 934 1,245
934 1,245
Current assets
Debtors 860,487 858,416
Cash at bank and in hand 227,090 213,645
1,087,577 1,072,061
Creditors: amounts falling due within one year (1,051,541 ) (1,063,408 )
Net current assets (liabilities) 36,036 8,653
Total assets less current liabilities 36,970 9,898
Creditors: amounts falling due after more than one year (35,000 ) (35,000 )
Provisions for liabilities (167 ) (225 )
Total net assets (liabilities) 1,803 (25,327 )
Capital and reserves
Called up share capital 3 1,000 1,000
Profit and loss account 803 (26,327 )
Shareholders' funds 1,803 (25,327 )

  • For the year ending 31 December 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 16 September 2015

And signed on their behalf by:
P L Butcher, Director

MUNRO BRICE & CO. LIMITED Registered Number 02593411

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1 Accounting 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 value added tax, 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 over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% reducing-balance

Other accounting policies
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

2 Tangible fixed assets
£
Cost
At 1 January 2014 8,801
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2014 8,801
Depreciation
At 1 January 2014 7,556
Charge for the year 311
On disposals -
At 31 December 2014 7,867
Net book values
At 31 December 2014 934
At 31 December 2013 1,245
3 Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
1,000 Ordinary shares of £1 each 1,000 1,000