Barcode (Vauxhall) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05471409 (England and Wales)

BAR CODE (VAUXHALL) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

M Mardan

Mrs A Mandour

Registered office:

First Floor

244 Edgware Road

London

W2 1DS

Registered number:

05471409 (England and Wales)

Accountants:

M. Parmar & Co.

Chartered Accountants

First Floor

244 Edgware Road

London

W2 1DS

Fixed assets

Tangible assets

3

255,409

320,645

Current assets

Stocks

16,325

12,246

Cash at bank

662,052

285,287

678,377

297,533

Creditors

Amounts falling due within one year

4

281,485

184,306

Net current assets

396,892

113,227

Total assets less current liabilities

652,301

433,872

Capital and reserves

Called up share capital

100

100

Retained earnings

652,201

433,772

652,301

433,872

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 19 March 2020 and were signed on its behalf by:

M Mardan - Director

1.	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.

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.

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.

2.	Employees and directors

The average number of employees during the year was 16 (2018 - 16 ) .

3.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 July 2018

534,945

Additions

19,901

At 30 June 2019

554,846

Depreciation

At 1 July 2018

214,300

Charge for year

85,137

At 30 June 2019

299,437

Net book value

At 30 June 2019

255,409

At 30 June 2018

320,645

4.

Creditors: amounts falling due within one year

2019

2018

£

£

Trade creditors

77,452

85,947

Taxation and social security

83,593

49,347

Other creditors

120,440

49,012

281,485

184,306