Chris Barber Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01609603 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 APRIL 2018 TO 30 MARCH 2019

FOR

CHRIS BARBER LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Barber

Mrs F H Barber

REGISTERED OFFICE:

Berryfields Farm

Berkswell Road

Meriden

Coventry

West Midlands

CV7 7LB

REGISTERED NUMBER:

01609603 (England and Wales)

BANKERS:

HSBC

99 High Street

Coleshill

Birmingham

West Midlands

B46 3AQ

FIXED ASSETS

Tangible assets

4

1,078,013

1,130,393

CURRENT ASSETS

Stocks

164,590

404,941

Debtors

753,465

781,840

Cash in hand

3,190

3,000

921,245

1,189,781

CREDITORS

Amounts falling due within one year

403,392

589,029

NET CURRENT ASSETS

517,853

600,752

TOTAL ASSETS LESS CURRENT LIABILITIES

1,595,866

1,731,145

CREDITORS

Amounts falling due after more than one year

(657,212

)

(740,066

)

PROVISIONS FOR LIABILITIES

(58,327

)

(68,441

)

NET ASSETS

880,327

922,638

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

880,227

922,538

SHAREHOLDERS' FUNDS

880,327

922,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 March 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 28 January 2020 and were signed on its behalf by:

C Barber - Director

Mrs F H Barber - Director

1.	STATUTORY INFORMATION

Chris Barber 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 comprises the value of sales (net of value added tax) of goods and services provided in the normal

course of business. Revenue is recognised in respect of service contracts when the company obtains the right to

consideration.

Tangible fixed assets

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

Irrigation/manure sheds and pig units

-

5% on reducing balance

Plant and equipment

-

15% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Property improvements

-

not provided

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 period 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 period 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.

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 period was 28 (2018 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

2,040,810

Additions

1,860

Disposals

(13,850

)

At 30 March 2019

2,028,820

DEPRECIATION

At 1 April 2018

910,417

Charge for period

53,200

Eliminated on disposal

(12,810

)

At 30 March 2019

950,807

NET BOOK VALUE

At 30 March 2019

1,078,013

At 31 March 2018

1,130,393

5.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Bank overdrafts

119,291

299,825

Bank loan

849,854

821,687

969,145

1,121,512