J C (Barrow) Limited - Accounts

J C (Barrow) Limited - Accounts

J C (BARROW) LIMITED - Company Information

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Registered Number: 08954949
England and Wales

 

 

 

J C (BARROW) LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2019

End date: 31 March 2020

J C (Barrow) Limited
Contents Page
For the year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of J C (Barrow) Limited for the year ended 31 March 2020 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of J C (Barrow) Limited in accordance with our terms of engagement. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that J C (Barrow) Limited has kept adequate accounting records
and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of J C (Barrow) Limited.
You consider that J C (Barrow) Limited is exempt from the statutory audit requirement for the period and we have not been instructed to carry out an audit or a review of the financial statements of J C (Barrow) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................
Burton Varley Ltd
Bank Chambers
93 Lapwing Lane
Manchester
M20 6UR
30 March 2021
1
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Tangible fixed assets 2 242,197    193,077 
242,197    193,077 
Current assets      
Cash at bank and in hand 12,196    29,734 
Creditors: amount falling due within one year (107,572)   (97,672)
Net current liabilities (95,376)   (67,938)
 
Total assets less current liabilities 146,821    125,139 
Net assets 146,821    125,139 
 

Capital and reserves 		     
Called up share capital 3 1    1 
Profit and loss account 146,820    125,138 
Shareholders funds 146,821    125,139 
 


For the year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 30 March 2021 and were signed by:


--------------------------------
Jack Cooksey
Director
2
General Information
J C (Barrow) Limited is a private company, limited by shares, registered in England and Wales, registration number 08954949, registration address 21 Cowper Close, Barrow In Furness, Cumbria, LA14 5SQ

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33% Straight Line
2.

Tangible fixed assets

Cost or valuation Land and Buildings   Computer Equipment   Improvements to property   Total
  £   £   £   £
At 01 April 2019 192,397    2,000    -    194,397 
Additions -    -    49,780    49,780 
Disposals -    -    -    - 
At 31 March 2020 192,397    2,000    49,780    244,177 
Depreciation
At 01 April 2019 -    1,320    -    1,320 
Charge for year -    660    -    660 
On disposals -    -    -    - 
At 31 March 2020 -    1,980    -    1,980 
Net book values
Closing balance as at 31 March 2020 192,397    20    49,780    242,197 
Opening balance as at 01 April 2019 192,397    680    -    193,077 


3.

Share Capital

Allotted, called up and fully paid
2020
£		   2019
£
1 Class A share of £1.00 each 1    1 
1    1 

4.

Average number of employees

Average number of employees during the year was 2 (2019 : 2)
5.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2020
£		 2019
£		 2020
£		 2019
£
Mr J Cooksey0 0 47,922 49,172 


Mr J Cooksey
At 31 March 2020 Mr J Cooksey, a director of the company. had on an unsecured interest free basis advanced £47922 (2019: £49,172) to the company.
3