Barns4Business Limited - Accounts to registrar - small 16.3d
Barns4Business Limited - Accounts to registrar - small 16.3d
| REGISTERED NUMBER: |
| Unaudited Financial Statements For The Year Ended 31st March 2016 |
| for |
| Barns4Business Limited |
| Barns4Business Limited (Registered number: 04360246) |
| Contents of the Financial Statements |
| For The Year Ended 31st March 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Barns4Business Limited |
| Company Information |
| For The Year Ended 31st March 2016 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Barns4Business Limited (Registered number: 04360246) |
| Balance Sheet |
| 31st March 2016 |
| 31/3/16 | 31/3/15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 | 26,618 | 29,321 |
| CURRENT ASSETS |
| Stocks | 3 |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings | 8 | (77,255 | ) | (24,154 | ) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 financial statements were approved by the director on |
| Barns4Business Limited (Registered number: 04360246) |
| Notes to the Financial Statements |
| For The Year Ended 31st March 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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. |
| Going concern |
| These financial statements have been prepared on the going concern basis. The Directors consider |
| this basis to be appropriate but have not assessed a period in excess of 12 months from the date |
| of approving the accounts. |
| 2. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st April 2015 |
| Additions |
| At 31st March 2016 |
| DEPRECIATION |
| At 1st April 2015 |
| Charge for year |
| At 31st March 2016 |
| NET BOOK VALUE |
| At 31st March 2016 |
| At 31st March 2015 |
| 3. | STOCKS |
| 31/3/16 | 31/3/15 |
| £ | £ |
| Stocks |
| Barns4Business Limited (Registered number: 04360246) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2016 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/16 | 31/3/15 |
| £ | £ |
| Trade debtors | 23,940 | 52,589 |
| Other debtors | 221,178 | - |
| VAT |
| Deferred tax asset |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/16 | 31/3/15 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| Net wages | 7,007 | 6,824 |
| Other creditors |
| Directors' loan accounts |
| Accrued expenses | 9,975 | 4,900 |
| 6. | DEFERRED TAX |
| £ |
| Balance at 1st April 2015 | ( |
) |
| Movement in Deferred Tax |
| Balance at 31st March 2016 | ( |
) |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/3/16 | 31/3/15 |
| value: | £ | £ |
| Ordinary A | £1 |
| 8. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st April 2015 | ( |
) |
| Deficit for the year | ( |
) |
| At 31st March 2016 | ( |
) |
| Barns4Business Limited (Registered number: 04360246) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31st March 2016 |
| 9. | RELATED PARTY DISCLOSURES |
| Mr M Christophi, a 50% shareholder in the company also holds a 100% shareholding in another |
| company, MPC Hotels Ltd. |
| During the period under review the company sold goods to MPC Hotels Ltd. The total value of |
| goods purchased by MPC Hotels Ltd was £nil (2015 - £161,191). |
| At the Balance Sheet date £5,328 (2015 - £17,499) was outstanding to MPC Hotels Ltd and is |
| included within Trade debtors. |
| At the Balance Sheet date MPC Hotels Ltd has advanced loans to the company of £46,454 (2015 - |
| £46,454), this is included within Other creditors. No interest was charged on this loan. |
| All transactions took place under normal trading conditions. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The company was controlled jointly in this period and the preceding period by the Director, Mr P G |
| Rowe and a third party, Mr M Christophi. |