Barber,wilsons And Company Limited - Accounts to registrar (filleted) - small 18.2

Barber,wilsons And Company Limited - Accounts to registrar (filleted) - small 18.2

BARBER,WILSONS AND COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 00100285 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

FOR

BARBER,WILSONS AND COMPANY LIMITED
BARBER,WILSONS AND COMPANY LIMITED (REGISTERED NUMBER: 00100285)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARBER,WILSONS AND COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2020







DIRECTORS: J S Bigland
A D Warren





SECRETARY: S Henison





REGISTERED OFFICE: Crawley Road
Westbury Avenue
Wood Green
London
N22 6AH





REGISTERED NUMBER: 00100285 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS
Page 1
BARBER,WILSONS AND COMPANY LIMITED (REGISTERED NUMBER: 00100285)

BALANCE SHEET
31ST DECEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68,935 70,977

CURRENT ASSETS
Stocks 320,363 340,054
Debtors 5 239,333 192,420
Cash at bank and in hand 245,182 141,310
804,878 673,784
CREDITORS
Amounts falling due within one year 6 305,787 269,350
NET CURRENT ASSETS 499,091 404,434
TOTAL ASSETS LESS CURRENT LIABILITIES 568,026 475,411

CREDITORS
Amounts falling due after more than one
year
7
47,500
-
NET ASSETS 520,526 475,411

CAPITAL AND RESERVES
Called up share capital 9 250,000 250,000
Retained earnings 270,526 225,411
SHAREHOLDERS' FUNDS 520,526 475,411

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2020 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 notes form part of these financial statements

Page 2 continued...
BARBER,WILSONS AND COMPANY LIMITED (REGISTERED NUMBER: 00100285)

BALANCE SHEET - continued
31ST DECEMBER 2020


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 and authorised for issue on 29th September 2021 and were signed on its behalf by:




A D Warren - Director



J S Bigland - Director


The notes form part of these financial statements

Page 3
BARBER,WILSONS AND COMPANY LIMITED (REGISTERED NUMBER: 00100285)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2020

1. STATUTORY INFORMATION

Barber,wilsons And Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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.
Plant and machinery etc - 10% on cost

Government grants
Government grants relate to grants receivable under the Coronavirus Job Retention Scheme and are accounted for under the accruals model.

Grants relating to revenue are recognised in income on a systematic basis over the period in which the entity recognises the related costs for which the grant is intended to compensate.

Grants receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

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.


Page 4 continued...
BARBER,WILSONS AND COMPANY LIMITED (REGISTERED NUMBER: 00100285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2020

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2019 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2020 560,493
Additions 10,187
At 31st December 2020 570,680
DEPRECIATION
At 1st January 2020 489,516
Charge for year 12,229
At 31st December 2020 501,745
NET BOOK VALUE
At 31st December 2020 68,935
At 31st December 2019 70,977

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 222,667 176,977
Other debtors 16,666 15,443
239,333 192,420

Page 5 continued...
BARBER,WILSONS AND COMPANY LIMITED (REGISTERED NUMBER: 00100285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 2,500 -
Trade creditors 178,588 145,439
Taxation and social security 66,556 33,172
Other creditors 58,143 90,739
305,787 269,350

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2020 2019
£    £   
Bank loans 47,500 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 7,500 -

8. SECURED DEBTS

The bank has a mortgage debenture incorporating a fixed and floating charge over the current assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
250,000 Ordinary £1 250,000 250,000

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the two directors, Mr A Warren and Mr J Bigland by virtue of their shareholding in Barber, Wilsons & Company (Holdings) Limited, the ultimate parent company.

Page 6