The Barn Plant & Garden Centre Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09682493 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

The Barn Plant & Garden Centre Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

R Doubleday

Ms R A Kneller

Registered office:

Barnplants

Turkey Cock Lane

Stanway

Colchester

Essex

CO3 8ND

Registered number:

09682493 (England and Wales)

FIXED ASSETS

Tangible assets

4

84,242

74,329

CURRENT ASSETS

Stocks

71,257

76,500

Debtors

5

10,870

8,184

Cash at bank and in hand

133,277

71,758

215,404

156,442

CREDITORS

Amounts falling due within one year

6

206,574

182,486

NET CURRENT ASSETS/(LIABILITIES)

8,830

(26,044

)

TOTAL ASSETS LESS CURRENT LIABILITIES

93,072

48,285

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

92,972

48,185

93,072

48,285

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

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

The directors acknowledge their 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 26 September 2019 and were signed on its behalf by:

R Doubleday - Director

Ms R A Kneller - Director

1.	STATUTORY INFORMATION

The Barn Plant & Garden Centre 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

15% on reducing balance and 10% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2017 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 January 2018

85,483

Additions

23,256

At 31 December 2018

108,739

Depreciation

At 1 January 2018

11,154

Charge for year

13,343

At 31 December 2018

24,497

Net book value

At 31 December 2018

84,242

At 31 December 2017

74,329

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

10,870

8,184

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

29,801

28,621

Amounts owed to associates

52,735

55,223

Taxation and social security

46,700

21,306

Other creditors

77,338

77,336

206,574

182,486