BARTON_STORAGE_SYSTEMS_LI - Accounts

BARTON STORAGE SYSTEMS LIMITED - Company Information

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Company Registration No. 04998042 (England and Wales)

BARTON STORAGE SYSTEMS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

BARTON STORAGE SYSTEMS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

BARTON STORAGE SYSTEMS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

417,100

411,725

Current assets

Stocks

488,701

454,572

Debtors

1,219,017

1,115,507

Investments

250,000

Cash at bank and in hand

350,448

287,626

2,308,166

1,857,705

Creditors: amounts falling due within one year

(1,203,783)

(983,718)

Net current assets

1,104,383

873,987

Total assets less current liabilities

1,521,483

1,285,712

Creditors: amounts falling due after more than one year

(34,289)

Provisions for liabilities

(14,783)

(11,415)

1,506,700

1,240,008

Capital and reserves

Called up share capital

200

Profit and loss account

1,506,500

1,239,808

Shareholders' funds

1,506,700

1,240,008

BARTON STORAGE SYSTEMS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 21 December 2016

Mr K Bibb

Director

Company Registration No. 04998042

BARTON STORAGE SYSTEMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

2% straight line

Plant and machinery

3 - 15 years straight line

1.6

Investments

Current asset investments are stated at the lower of cost and net realisable value.

1.7

Pensions

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held seperately from those of the company. The annual contributions payable are charged to the profit and loss account.

The company also operates a fully funded defined benefit scheme for employees. The contributions payable are recognised as an expense immediately.

1.8

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

BARTON STORAGE SYSTEMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015

225

776,741

776,966

Additions

36,586

At 31 March 2016

225

813,327

813,552

Depreciation

At 1 April 2015

225

365,016

365,241

Charge for the year

31,211

At 31 March 2016

225

396,227

396,452

Net book value

At 31 March 2016

417,100

At 31 March 2015

411,725

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £33,063 (2015 - £52,201).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £0 (2015 - £34,289).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

55 Ordinary A shares of £1 each

35 Ordinary B shares of £1 each

10 Ordinary C shares of £1 each

200