Barrelheads Limited - Accounts to registrar (filleted) - small 18.2

Barrelheads Limited - Accounts to registrar (filleted) - small 18.2

BARRELHEADS LIMITED - Company Information

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REGISTERED NUMBER: 08674671 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2020

FOR

BARRELHEADS LIMITED

BARRELHEADS LIMITED (REGISTERED NUMBER: 08674671)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BARRELHEADS LIMITED


COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2020







DIRECTOR: Mr S Goelkel





REGISTERED OFFICE: 31 Albert Bridge Road
London
SW11 4PX





REGISTERED NUMBER: 08674671 (England and Wales)





ACCOUNTANTS: TaxAgility Accountants Ltd
Chartered Accountants
34 Lower Richmond Road
Putney
London
SW15 1JP
Page 1
BARRELHEADS LIMITED (REGISTERED NUMBER: 08674671)


BALANCE SHEET
30 SEPTEMBER 2020

30.9.20 30.9.19
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 1,446 1,939

CURRENT ASSETS
Inventories 320,825 491,734
Debtors 5 118,503 209,481
Cash at bank 3,158 886
442,486 702,101
CREDITORS
Amounts falling due within one year 6 (952,621 ) (798,827 )
NET CURRENT LIABILITIES (510,135 ) (96,726 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(508,689
)
(94,787
)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 (508,789 ) (94,887 )
SHAREHOLDERS' FUNDS (508,689 ) (94,787 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 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 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 director and authorised for issue on 4 August 2021 and were signed by:





Mr S Goelkel - Director


The notes form part of these financial statements

Page 2
BARRELHEADS LIMITED (REGISTERED NUMBER: 08674671)


NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2020

1. STATUTORY INFORMATION

Barrelheads 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.

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
Revenue 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.
Fixtures and fittings - 25% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 October 2019
and 30 September 2020 1,992
DEPRECIATION
At 1 October 2019 53
Charge for year 493
At 30 September 2020 546
NET BOOK VALUE
At 30 September 2020 1,446
At 30 September 2019 1,939

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Other debtors 118,503 209,481

Page 3 continued...
BARRELHEADS LIMITED (REGISTERED NUMBER: 08674671)


NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.20 30.9.19
£    £   
Amounts owed to group undertakings 419,394 291,886
Taxation and social security (6,481 ) (6,481 )
Other creditors 539,708 513,422
952,621 798,827

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.20 30.9.19
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 October 2019 (94,887 )
Deficit for the year (413,902 )
At 30 September 2020 (508,789 )

9. RELATED PARTY DISCLOSURES

It is confirmed that the director’s current account is debited with personal transactions and credited with
director’s remuneration as well as dividends.
The loan is unsecured, interest free and no repayment terms have been agreed. The balance owing to Mr S Goelkel was £535,796 (2019: £503,953)

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard for Smaller Entities(effective January 2015), not to disclose related transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The parent undertaking of the Company is Sobetho GmbH, ac company incorporated in Germany. The director, Mr S Goelkel, is the ultimate controlling party.

Page 4