Barkby Knives (Leicester) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05583684 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

BARKBY KNIVES (LEICESTER) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Spong

Mrs AT Spong

SECRETARY:

Mrs AT Spong

REGISTERED OFFICE:

41 Cannock Street

Leicester

LE4 9HR

REGISTERED NUMBER:

05583684 (England and Wales)

FIXED ASSETS

Tangible assets

4

22,603

30,137

Investments

5

125,000

125,000

147,603

155,137

CURRENT ASSETS

Cash at bank

18,788

23,921

CREDITORS

Amounts falling due within one year

6

109,683

107,495

NET CURRENT LIABILITIES

(90,895

)

(83,574

)

TOTAL ASSETS LESS CURRENT LIABILITIES

56,708

71,563

CREDITORS

Amounts falling due after more than one year

7

(15,939

)

(22,456

)

PROVISIONS FOR LIABILITIES

(4,295

)

(5,726

)

NET ASSETS

36,474

43,381

CAPITAL AND RESERVES

Called up share capital

9

20,000

20,000

Retained earnings

10

16,474

23,381

SHAREHOLDERS' FUNDS

36,474

43,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 applicable to companies subject to the small companies regime.

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 27 January 2020 and were signed on its behalf by:

Mr S Spong - Director

Mrs A Spong - Director

1.	STATUTORY INFORMATION

Barkby Knives (Leicester) 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.

The financial statements are presented in Sterling (£).

Turnover

Revenue comprises the fair value for the sale of goods excluding value added taxes and represents net invoice

value less estimated rebates, returns and settlement discounts.In all cases revenue is recognised when the risks

and rewards of ownership are transferred and this is defined to be on receipt of the goods.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Consolidation

The financial statements contain information about Barkby Knives (Leicester) Limited as an individual company

and do not contain consolidated financial information as the parent of a group. The company is exempt from the

requirement to prepare consolidated financial statements as the group it heads qualifies as a small company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 November 2018

and 31 October 2019

49,920

DEPRECIATION

At 1 November 2018

19,783

Charge for year

7,534

At 31 October 2019

27,317

NET BOOK VALUE

At 31 October 2019

22,603

At 31 October 2018

30,137

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 November 2018

and 31 October 2019

49,920

DEPRECIATION

At 1 November 2018

19,783

Charge for year

7,534

At 31 October 2019

27,317

NET BOOK VALUE

At 31 October 2019

22,603

At 31 October 2018

30,137

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 November 2018

and 31 October 2019

125,000

NET BOOK VALUE

At 31 October 2019

125,000

At 31 October 2018

125,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Hire purchase contracts

6,517

8,409

Amounts owed to group undertakings

85,624

85,624

Taxation and social security

16,442

12,362

Other creditors

1,100

1,100

109,683

107,495

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

15,939

22,456

8.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Hire purchase contracts

22,456

30,865

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

20,000

Ordinary

£1

20,000

20,000

10.

RESERVES

Retained

earnings

£

At 1 November 2018

23,381

Profit for the year

43,775

Dividends

(50,682

)

At 31 October 2019

16,474