Barnsley Card Ltd
Barnsley Card Ltd
Registered number: 10027135
Unaudited Financial Statements
For The Year Ended
28 February 2021
Elementary Accountancy Services Limited
Barnsley Card Ltd
Unaudited Financial Statements
For The Year Ended
28 February 2021
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Company Information | 1 |
| Accountants' Report | 2 |
| Balance Sheet | 3—4 |
| Notes to the Financial Statements | 5—8 |
Barnsley Card Ltd
Company Information
For The Year Ended
28 February 2021
Company Information
| Director |
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| Company Number |
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| Registered Office | 15 Queen Square |
| Leeds | |
| LS2 8AJ | |
| Accountants |
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| Barnsley | |
| S751FX | |
Page 1
Barnsley Card Ltd
Accountants' Report
For The Year Ended
28 February 2021
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of
Barnsley Card Ltd
For The Year Ended 28 February 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Barnsley Card Ltd
For The Year Ended 28 February 2021 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of
Barnsley Card Ltd
, as a body, in accordance with the terms of our engagement letter dated 25 January 2021. Our work has been undertaken solely to prepare for your approval the accounts of
Barnsley Card Ltd
and state those matters that we have agreed to state to the director of
Barnsley Card Ltd
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Barnsley Card Ltd
and its director, as a body, for our work or for this report.
It is your duty to ensure that
Barnsley Card Ltd
has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of
Barnsley Card Ltd
. You consider that
Barnsley Card Ltd
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of
Barnsley Card Ltd
. 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 financial statements.
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36 Dearne Hall Lane
Barnsley
S751FX
Page 2
Barnsley Card Ltd
Balance Sheet
As at
28 February 2021
Balance Sheet
Registered number:
10027135
For the year ending 28 February 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 3 |
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| Investments | 5 |
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| CURRENT ASSETS | |||||
| Stocks | 6 |
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| Debtors | 7 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 8 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
( |
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| Creditors: Amounts Falling Due After More Than One Year | 9 |
( |
( |
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| NET LIABILITIES |
( |
( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 12 |
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| Share premium account |
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| Profit and Loss Account |
( |
( |
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| SHAREHOLDERS' FUNDS | (100,270) | (103,666) | |||
Page 3
Barnsley Card Ltd
Balance Sheet (continued)
As at
28 February 2021
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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Director
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The notes on pages 5 to 8 form part of these financial statements.
Page 4
Barnsley Card Ltd
Notes to the Financial Statements
For The Year Ended
28 February 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. The companies accounts are presented in £ Sterling and are rounded to the nearest pound.
1.2.
Going Concern Disclosure
At the time of the signing of these accounts the UK economy was still subject to significant uncertainty caused by the COVID-19 Pandemic.The director has considered this, and has still not identified any material uncertainties relating to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Revenue relates to monthly membership to a subscription service by customers and is recognised in line with the enjoyment of that subscription to the nearest full month.
1.4.
Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets relate to a Trademark purchased by the company. It is amortised to the profit and loss account over its estimated economic life of 10 years.
1.5.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
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1.6.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.7.
Investments
Investments relate to an investment held in an associate company and are held at cost. The directors perform an impairment review each year and would record any such impairment to the value as they see fit.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2020: 1)
Page 5
Barnsley Card Ltd
Notes to the Financial Statements (continued)
For The Year Ended
28 February 2021
3.
Intangible Assets
| Other | |||
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| £ | |||
| Cost | |||
| As at
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| As at
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| Amortisation | |||
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| Provided during the period |
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| Net Book Value | |||
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| As at
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4.
Tangible Assets
| Computer Equipment | |
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| £ | |
| Cost | |
| As at
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| Disposals |
( |
| As at
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| Depreciation | |
| As at
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| Disposals |
( |
| As at
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| Net Book Value | |
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Page 6
Barnsley Card Ltd
Notes to the Financial Statements (continued)
For The Year Ended
28 February 2021
5.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at
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- |
| Additions | 200 |
| As at
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200 |
| Provision | |
| As at
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- |
| As at
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- |
| Net Book Value | |
| As at
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200 |
| As at
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- |
6.
Stocks
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Stock - finished goods |
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7.
Debtors
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Other debtors |
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| Director's loan account | - |
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8.
Creditors: Amounts Falling Due Within One Year
| 2021 | 2020 | ||
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| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Other creditors |
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| Accruals and deferred income |
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| Amounts owed to associates |
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Page 7
Barnsley Card Ltd
Notes to the Financial Statements (continued)
For The Year Ended
28 February 2021
9.
Creditors: Amounts Falling Due After More Than One Year
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
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Of the creditors falling due within and after more than one year the following amounts are due after more than five years.
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 14,367 | 21,805 |
10.
Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 46,775 | 51,954 |
11.
Deferred Taxation
Taxable losses of £102,658 have been carried forward to set against future profits. No deferred tax asset has been recognised in relation to this as there is no guarantee that future profits will arise.
13.
Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
| As at
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Amounts advanced | Amounts repaid | Amounts written off | As at
|
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|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | |
| Mr Nathan Winch |
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- |
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The above loan is unsecured, interest free and repayable on demand.
14.
Related Party Transactions
A balance of £41,073 (2020: ££41,578) was owed at the year end to entities who control the company.
A balance of £17,636(2020: £15,876) was owed from a company which is under the same benefical ownership as this company.
A balance of £200 (2020: £nil) was owed to an entity benefically owned by this entity.
Sales of £1,665 (2020: £nil) were made to an entity beneficially owned by this entity.
15.
General Information
Barnsley Card Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
10027135
. The registered office is 15 Queen Square, Leeds, LS2 8AJ.
Page 8