Company Registration No. 8901039 (England and Wales)
KEVIN BARBER CLADDING LIMITED
Unaudited accounts
for the year ended 28 February 2022
KEVIN BARBER CLADDING LIMITED
Unaudited accounts
Contents
KEVIN BARBER CLADDING LIMITED
Company Information
for the year ended 28 February 2022
Company Number
8901039 (England and Wales)
Registered Office
8 OULTON STREET
OULTON
LOWESTOFT
NR32 3BB
Accountants
P Lacey & Associates Ltd
Office 17
2 Regent House
Lowestoft
NR32 1PA
KEVIN BARBER CLADDING LIMITED
Statement of financial position
as at 28 February 2022
Tangible assets
23,627
8,578
Cash at bank and in hand
22,187
17,413
Creditors: amounts falling due within one year
(20,632)
(10,665)
Net current assets
18,687
17,381
Called up share capital
2
2
Profit and loss account
42,312
25,957
Shareholders' funds
42,314
25,959
For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 May 2022 and were signed on its behalf by
Mr K Barber
Director
Company Registration No. 8901039
KEVIN BARBER CLADDING LIMITED
Notes to the Accounts
for the year ended 28 February 2022
KEVIN BARBER CLADDING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8901039. The registered office is 8 OULTON STREET, OULTON, LOWESTOFT, NR32 3BB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing balance
Motor vehicles
20% Reducing balance
Computer equipment
15% Reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2021
4,582
12,590
386
17,558
Additions
178
27,080
-
27,258
Disposals
-
(12,590)
-
(12,590)
At 28 February 2022
4,760
27,080
386
32,226
At 1 March 2021
2,595
6,144
241
8,980
Charge for the year
325
5,416
22
5,763
On disposals
-
(6,144)
-
(6,144)
At 28 February 2022
2,920
5,416
263
8,599
At 28 February 2022
1,840
21,664
123
23,627
At 28 February 2021
1,987
6,446
145
8,578
KEVIN BARBER CLADDING LIMITED
Notes to the Accounts
for the year ended 28 February 2022
5
Debtors: amounts falling due within one year
2022
2021
Other debtors
15,164
9,133
6
Creditors: amounts falling due within one year
2022
2021
Obligations under finance leases and hire purchase contracts
14,647
1,764
Taxes and social security
4,948
8,879
Loans from directors
412
22
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
