Kutz (Barrow) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04457044 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

FOR

KUTZ (BARROW) LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs C L Walker Woodburn

SECRETARY:

Mr D B Woodburn

REGISTERED OFFICE:

41 Crellin Street

Barrow-in-Furness

Cumbria

LA14 1DS

REGISTERED NUMBER:

04457044 (England and Wales)

BANKERS:

Lloyds Bank plc

121-135 Dalton Road

Barrow-in-Furness

Cumbria

LA14 1HZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

13,106

15,531

13,106

15,531

CURRENT ASSETS

Stocks

150

150

Debtors

3,869

8,098

Cash at bank

-

1,836

4,019

10,084

CREDITORS

Amounts falling due within one year

16,404

17,135

NET CURRENT LIABILITIES

(12,385

)

(7,051

)

TOTAL ASSETS LESS CURRENT LIABILITIES

721

8,480

CREDITORS

Amounts falling due after more than one year

437

6,774

NET ASSETS

284

1,706

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

184

1,606

SHAREHOLDERS' FUNDS

284

1,706

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Profit and Loss Account and an abridged Balance Sheet for the year ended 31 July 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 27 March 2019 and were signed by:

Mrs C L Walker Woodburn - Director

1.	STATUTORY INFORMATION

Kutz (Barrow) Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis the director having agreed to continue to

support the company.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002 has been fully

amortised in prior periods.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property

-

10% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2017

and 31 July 2018

7,500

AMORTISATION

At 1 August 2017

and 31 July 2018

7,500

NET BOOK VALUE

At 31 July 2018

-

At 31 July 2017

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2017

and 31 July 2018

39,216

DEPRECIATION

At 1 August 2017

23,685

Charge for year

2,425

At 31 July 2018

26,110

NET BOOK VALUE

At 31 July 2018

13,106

At 31 July 2017

15,531

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.18

31.7.17

value:

£

£

100

Ordinary

£1

100

100

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2018 and

31 July 2017:

31.7.18

31.7.17

£

£

Mrs C L Walker Woodburn

Balance outstanding at start of year

7,939

17,089

Amounts advanced

49,455

7,939

Amounts repaid

(53,683

)

(17,089

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,711

7,939

During the financial year the director was charged Nil interest (2017: £370) on the loan which is unsecured and

repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs C L Walker Woodburn and Mr D B Woodburn.