Barshaw Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07488115 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

for

Barshaw Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A Archibald

REGISTERED OFFICE:

293 Kingston Road

Willerby

HU10 6PX

REGISTERED NUMBER:

07488115 (England and Wales)

ACCOUNTANTS:

Campbell Dallas LLP

Chartered Accountants

Titanium 1

King's Inch Place

Renfrew

PA4 8WF

FIXED ASSETS

Intangible assets

2

850,000

900,000

Tangible assets

3

32,459

37,722

Investments

4

2

882,461

937,724

CURRENT ASSETS

Stocks

50,300

53,153

Debtors

184,386

177,002

Cash at bank

16,313

25,232

250,999

255,387

CREDITORS

Amounts falling due within one year

5

300,317

281,590

NET CURRENT LIABILITIES

(49,318

)

(26,203

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

833,143

911,521

CREDITORS

Amounts falling due after more than one
year

5

(693,576

)

(791,348

)

PROVISIONS FOR LIABILITIES

(810

)

(350

)

NET ASSETS

138,757

119,823

CAPITAL AND RESERVES

Called up share capital

6

2

Profit and loss account

138,755

119,821

SHAREHOLDERS' FUNDS

138,757

119,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 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 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 director on 26 May 2016 and were signed by:

A Archibald - 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).

Preparation of consolidated financial statements

The financial statements contain information about Barshaw Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company has taken the

option under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements.

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 2012, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Short leasehold

-

10% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

1,000,000

AMORTISATION

At 1 September 2014

100,000

Amortisation for year

50,000

At 31 August 2015

150,000

NET BOOK VALUE

At 31 August 2015

850,000

At 31 August 2014

900,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

49,464

DEPRECIATION

At 1 September 2014

11,742

Charge for year

5,263

At 31 August 2015

17,005

NET BOOK VALUE

At 31 August 2015

32,459

At 31 August 2014

37,722

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 September 2014

and 31 August 2015

2

NET BOOK VALUE

At 31 August 2015

2

At 31 August 2014

2

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

Chanstage Limited

Nature of business: Pharmacy

%

Class of shares:

holding

Ordinary

100.00

2015

2014

£

Aggregate capital and reserves

2

5.

CREDITORS

Creditors include an amount of £ 539,253 (2014 - £ 614,765 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

as restated

£

2

Ordinary

£1

2