Barrie Simons and Associates Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05214350 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2015

for

Barrie Simons and Associates Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B W J Simons

B Callister

SECRETARY:

B W J Simons

REGISTERED OFFICE:

First Floor, CEF Building

Broomhill Way

Torquay

Devon

TQ2 7QN

REGISTERED NUMBER:

05214350 (England and Wales)

ACCOUNTANTS:

Mark Ward Chartered Certified Accountants

First Floor, CEF Building

Broomhill Way

Torquay

Devon

TQ2 7QN

FIXED ASSETS

Intangible assets

2

1

1

Tangible assets

3

4,965

4,957

4,966

4,958

CURRENT ASSETS

Stocks

4,392

8,239

Debtors

50,067

55,780

Cash in hand

611

543

55,070

64,562

CREDITORS

Amounts falling due within one year

42,456

49,759

NET CURRENT ASSETS

12,614

14,803

TOTAL ASSETS LESS CURRENT LIABILITIES

17,580

19,761

CREDITORS

Amounts falling due after more than one year

(14,221

)

(16,646

)

PROVISIONS FOR LIABILITIES

(778

)

(730

)

NET ASSETS

2,581

2,385

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

2,481

2,285

SHAREHOLDERS' FUNDS

2,581

2,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 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 Board of Directors on 18 March 2016 and were signed on its behalf by:

B W J Simons - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Over the term of the lease

Plant and machinery etc

-

10% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

80,001

AMORTISATION

At 1 October 2014

and 30 September 2015

80,000

NET BOOK VALUE

At 30 September 2015

1

At 30 September 2014

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

23,027

Additions

560

At 30 September 2015

23,587

DEPRECIATION

At 1 October 2014

18,070

Charge for year

552

At 30 September 2015

18,622

NET BOOK VALUE

At 30 September 2015

4,965

At 30 September 2014

4,957

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

£

80

Ordinary 'A'

£1

80

80

20

Ordinary 'B'

£1

20

20

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2015 and

30 September 2014:

30.9.15

30.9.14

£

£

B W J Simons

Balance outstanding at start of year

16,975

16,975

Amounts repaid

(1,500

)

-

Balance outstanding at end of year

15,475

16,975