Wallbarn Investments Ltd - Abbreviated accounts 16.3

Wallbarn Investments Ltd - Abbreviated accounts 16.3

WALLBARN INVESTMENTS LTD - Company Information

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REGISTERED NUMBER: 07057977 (England and Wales)












Abbreviated Unaudited Accounts

for the Year Ended 31 May 2016

for

Wallbarn Investments Ltd

Wallbarn Investments Ltd (Registered number: 07057977)

Contents of the Abbreviated Accounts
for the Year Ended 31 May 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Wallbarn Investments Ltd

Company Information
for the Year Ended 31 May 2016







DIRECTORS: A F Thurbin
J R Thurbin





REGISTERED OFFICE: 3 Hagley Court North
The Waterfront
Dudley
West Midlands
DY5 1XF





REGISTERED NUMBER: 07057977 (England and Wales)





ACCOUNTANTS: Cox & Co
3 Hagley Court North
The Waterfront
Dudley
West Midlands
DY5 1XF
Page 1
Wallbarn Investments Ltd (Registered number: 07057977)

Abbreviated Balance Sheet
31 May 2016

31.5.16 31.5.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 16,824 2,708
Investments 3 1,000 1,000
17,824 3,708

CURRENT ASSETS
Debtors 207,385 113,527
Cash at bank 2,435 20,626
209,820 134,153
CREDITORS
Amounts falling due within one year 15,350 5,000
NET CURRENT ASSETS 194,470 129,153
TOTAL ASSETS LESS CURRENT LIABILITIES 212,294 132,861

CAPITAL AND RESERVES
Called up share capital 4 4 4
Profit and loss account 212,290 132,857
SHAREHOLDERS' FUNDS 212,294 132,861

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
Wallbarn Investments Ltd (Registered number: 07057977)

Abbreviated Balance Sheet - continued
31 May 2016


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 25 November 2016 and were signed on its
behalf by:





A F Thurbin - Director


The notes form part of these abbreviated accounts

Page 3
Wallbarn Investments Ltd (Registered number: 07057977)

Notes to the Abbreviated Accounts
for the Year Ended 31 May 2016


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).

Preparation of consolidated financial statements
The financial statements contain information about Wallbarn Investments Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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 June 2015 5,000
Additions 14,616
At 31 May 2016 19,616
AMORTISATION
At 1 June 2015 2,292
Amortisation for year 500
At 31 May 2016 2,792
NET BOOK VALUE

At 31 May 2016 16,824
At 31 May 2015 2,708

Page 4 continued...
Wallbarn Investments Ltd (Registered number: 07057977)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 May 2016


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 June 2015
and 31 May 2016 1,000
NET BOOK VALUE
At 31 May 2016 1,000
At 31 May 2015 1,000

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

Wallbarn Limited
Nature of business: Supply of waterproofing materials
%
Class of shares: holding
Ordinary 100.00
31.5.16 31.5.15
£    £   
Aggregate capital and reserves 70,101 59,845
Profit for the year/period 455,256 380,552

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.16 31.5.15
value: £    £   
4 Ordinary £1 4 4

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 May 2016 the company owes the directors £14,351 (2015 - £4,000).

Page 5