Barrett Europe Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02974250

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

BARRETT EUROPE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Certified Accountants' Report

5

DIRECTOR:

Mrs H J Barrett

SECRETARY:

P A Bradshaw

REGISTERED OFFICE:

Market House

21 Lenten Street

Alton

Hampshire

GU34 1HG

REGISTERED NUMBER:

02974250

ACCOUNTANTS:

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

BANKERS:

Lloyds Bank PLC

75 Castle Street

Farnham

Surrey

GU9 7LT

FIXED ASSETS

Tangible assets

2

23,608

28,240

CURRENT ASSETS

Debtors

103,963

154,416

Cash at bank and in hand

80,005

78,325

183,968

232,741

CREDITORS

Amounts falling due within one year

160,708

212,923

NET CURRENT ASSETS

23,260

19,818

TOTAL ASSETS LESS CURRENT LIABILITIES

46,868

48,058

PROVISIONS FOR LIABILITIES

3,905

5,181

NET ASSETS

42,963

42,877

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

42,961

42,875

SHAREHOLDERS' FUNDS

42,963

42,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 12 September 2016 and were signed by:

Mrs H J Barrett - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, 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.

Plant and equipment

-

25% on reducing balance

Furniture and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 July 2015

115,791

Additions

2,922

At 30 June 2016

118,713

DEPRECIATION

At 1 July 2015

87,551

Charge for year

7,554

At 30 June 2016

95,105

NET BOOK VALUE

At 30 June 2016

23,608

At 30 June 2015

28,240

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

2

Ordinary

£1

2

2

4.	ULTIMATE PARENT COMPANY

In the director's opinion the company's ultimate parent company and controlling party is Barrett Communications

Pty Ltd, which is incorporated in Western Australia. Copies of its group accounts, which include this company,

are available from its registered address.

5.	RELATED PARTY DISCLOSURES

During the year the company derived income in the form of marketing fees from Barrett Communications Pty

Ltd totalling £1,031,500 (2015: £1,198,500). At the balance sheet date the amount owed by Barrett

Communications Pty Ltd was £37,158 (2015: 69,331). The company is renting offices from Tom & Joy

Investments (UK) Limited at a market rent and service charge of £56,165 per annum (2015: £56,181).

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Barrett Europe Limited for the year ended 30 June 2016 which comprise the Profit and Loss

Account, the Balance Sheet, and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Barrett Europe Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Barrett Europe Limited and state those matters that we have agreed to state to the director of Barrett Europe Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Barrett Europe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Barrett Europe Limited. You consider that Barrett Europe Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Barrett Europe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

12 September 2016