Barwest Fabrication Limited - Limited company - abbreviated

REGISTERED NUMBER: 04918254 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

BARWEST FABRICATION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P H Muncaster

REGISTERED OFFICE:

The Stables

Units 4 & 5

Lodge Farm

Toddington

Bedfordshire

LU5 6HN

REGISTERED NUMBER:

04918254 (England and Wales)

ACCOUNTANTS:

PGA Accountancy & Taxation Services

Hollington House

Flitton Hill

Maulden

Bedfordshire

MK452BE

FIXED ASSETS

Tangible assets

2

89,301

95,980

CURRENT ASSETS

Stocks

180,000

76,000

Debtors

605,166

726,104

785,166

802,104

CREDITORS

Amounts falling due within one year

712,969

570,540

NET CURRENT ASSETS

72,197

231,564

TOTAL ASSETS LESS CURRENT
LIABILITIES

161,498

327,544

CREDITORS

Amounts falling due after more than one
year

(1,589

)

(12,377

)

PROVISIONS FOR LIABILITIES

(10,486

)

(8,601

)

NET ASSETS

149,423

306,566

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

149,421

306,564

SHAREHOLDERS' FUNDS

149,423

306,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 26 February 2015 and were signed by:

P H Muncaster - Director

1.	ACCOUNTING POLICIES

ACCOUNTING CONVENTION

The financial statements have been prepared under the historical cost convention and in accordance with

the Financial Reporting Standard for Smaller Entities (effective April 2008).

TURNOVER

Turnover represents net invoiced sales of goods, excluding value added tax.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

15% on reducing balance

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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 the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

234,387

Additions

15,118

At 31 October 2014

249,505

DEPRECIATION

At 1 November 2013

138,407

Charge for year

21,797

At 31 October 2014

160,204

NET BOOK VALUE

At 31 October 2014

89,301

At 31 October 2013

95,980

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

2

Ordinary

£1

2

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends of £30,000 were voted and paid to each Director in the year.

Barwest Fabrication Limited - Limited company - abbreviated - 11.6

Barwest Fabrication Limited - Limited company - abbreviated - 11.6