Julian Barran Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02663834 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2015

for

Julian Barran Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

J M L Barran

REGISTERED OFFICE:

York House

Coldharbour Business Park

Sherborne

DT9 4JW

REGISTERED NUMBER:

02663834 (England and Wales)

ACCOUNTANTS:

Silbury Sherborne Limited

York House

Coldharbour Business Park

Sherborne

DT9 4JW

FIXED ASSETS

Tangible assets

2

69,214

66,447

CURRENT ASSETS

Stocks

285,039

302,032

Debtors

217,714

520,472

Cash at bank

402,430

469,426

905,183

1,291,930

CREDITORS

Amounts falling due within one year

694,765

1,103,897

NET CURRENT ASSETS

210,418

188,033

TOTAL ASSETS LESS CURRENT
LIABILITIES

279,632

254,480

CREDITORS

Amounts falling due after more than one
year

-

(200,000

)

PROVISIONS FOR LIABILITIES

(13,438

)

(12,796

)

NET ASSETS

266,194

41,684

CAPITAL AND RESERVES

Called up share capital

3

5,000

Profit and loss account

261,194

36,684

SHAREHOLDERS' FUNDS

266,194

41,684

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 15 August 2016 and were signed by:

J M L Barran - 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.

Tangible fixed assets

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

Reference books

-

2% on cost

Fixtures and fittings

-

25% on cost

Office equipment

-

25% on cost

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

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.

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

106,419

Additions

5,570

At 30 November 2015

111,989

DEPRECIATION

At 1 December 2014

39,972

Charge for year

2,803

At 30 November 2015

42,775

NET BOOK VALUE

At 30 November 2015

69,214

At 30 November 2014

66,447

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

4,000

Ordinary A

£1

4,000

1,000

Ordinary B

£1

1,000

5,000