BARTON_STORAGE_SYSTEMS_LI - Accounts

BARTON_STORAGE_SYSTEMS_LI - Accounts

BARTON STORAGE SYSTEMS LIMITED - Company Information

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Company Registration No. 04998042 (England and Wales)
BARTON STORAGE SYSTEMS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
BARTON STORAGE SYSTEMS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
BARTON STORAGE SYSTEMS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
411,725
435,863
Current assets
Stocks
454,572
420,216
Debtors
1,115,507
1,117,227
Cash at bank and in hand
287,626
168,089
1,857,705
1,705,532
Creditors: amounts falling due within one year
3
(983,718)
(1,159,054)
Net current assets
873,987
546,478
Total assets less current liabilities
1,285,712
982,341
Creditors: amounts falling due after more than one year
4
(34,289)
(87,243)
Provisions for liabilities
(11,415)
(14,522)
1,240,008
880,576
Capital and reserves
Called up share capital
5
200
200
Profit and loss account
1,239,808
880,376
Shareholders'  funds
1,240,008
880,576
BARTON STORAGE SYSTEMS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2015
31 March 2015
- 2 -
For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 16 June 2015
Mr K Bibb
Director
Company Registration No. 04998042
BARTON STORAGE SYSTEMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Patents
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
2% straight line
Plant and machinery
3 - 15 years straight line
1.6
Pensions
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held seperately from those of the company. The annual contributions payable are charged to the profit and loss account.

The company also operates a fully funded defined benefit scheme for employees. The contributions payable are recognised as an expense immediately.

1.7
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006  not to prepare group accounts.
BARTON STORAGE SYSTEMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 April 2014
225
761,168
761,393
Additions
-
15,573
15,573
At 31 March 2015
225
776,741
776,966
Depreciation
At 1 April 2014
225
325,305
325,530
Charge for the year
-
39,711
39,711
At 31 March 2015
225
365,016
365,241
Net book value
At 31 March 2015
-
411,725
411,725
At 31 March 2014
-
435,863
435,863
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £52,201 (2014 - £51,448).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £34,289 (2014 - £87,243).
5
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
55 Ordinary A shares of £1 each
55
55
35 Ordinary B shares of £1 each
35
35
10 Ordinary C shares of £1 each
10
10
200
200
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