C.W. Barsley & Son Limited - Accounts to registrar - small 16.3d

C.W. Barsley & Son Limited - Accounts to registrar - small 16.3d

C.W.BARSLEY & SON LIMITED - Company Information

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REGISTERED NUMBER: 00351161 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31st January 2017

for

C.W. Barsley & Son Limited

C.W. Barsley & Son Limited (Registered number: 00351161)

Contents of the Financial Statements
for the Year Ended 31st January 2017










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


C.W. Barsley & Son Limited

Company Information
for the Year Ended 31st January 2017







DIRECTORS: R D Barsley
A R Chacksfield
A E Barsley





REGISTERED OFFICE: 16 Commercial Road
Paddock Wood
TONBRIDGE
Kent
TN12 6EJ





REGISTERED NUMBER: 00351161 (England and Wales)





ACCOUNTANTS: Blain Pritchard
Chartered Certified Accountants
74 College Road
Maidstone
Kent
ME15 6SL
Page 1
C.W. Barsley & Son Limited (Registered number: 00351161)

Abridged Balance Sheet
31st January 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 813,490 812,033
Investments 5 - 30,000
813,490 842,033

CURRENT ASSETS
Stocks 306,672 246,879
Debtors 17,604 12,037
Cash at bank and in hand 391,135 308,518
715,411 567,434
CREDITORS
Amounts falling due within one year 763,699 333,932
NET CURRENT (LIABILITIES)/ASSETS (48,288 ) 233,502
TOTAL ASSETS LESS CURRENT
LIABILITIES
765,202
1,075,535

CREDITORS
Amounts falling due after more than one
year
6
55,507
544,022
NET ASSETS 709,695 531,513

CAPITAL AND RESERVES
Called up share capital 5,025 5,025
Capital redemption reserve 4,975 4,975
Retained earnings 699,695 521,513
SHAREHOLDERS' FUNDS 709,695 531,513

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2017 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 financial statements

Page 2 continued...
C.W. Barsley & Son Limited (Registered number: 00351161)

Abridged Balance Sheet - continued
31st January 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Profit and Loss Account and an abridged Balance Sheet for the year ended 31st January 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 13th March 2017 and were signed on its behalf by:




R D Barsley - Director



A R Chacksfield - Director


The notes form part of these financial statements

Page 3
C.W. Barsley & Son Limited (Registered number: 00351161)

Notes to the Financial Statements
for the Year Ended 31st January 2017


1. STATUTORY INFORMATION

C.W. Barsley & Son Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at 0% on freehold property and improvements in order to write of their cost to residual
value over their useful economic lives. In the opinion of the directors, the residual values of these assets is
sufficiently high and the useful economic lives sufficiently long that any depreciation charge is not material.

Stocks
Stock has been valued, by the directors, at the lower of current selling price less normal gross profit margin, and
net realisable value.


Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,
except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted
or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal
of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 .

Page 4 continued...
C.W. Barsley & Son Limited (Registered number: 00351161)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2017


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st February 2016 1,028,599
Additions 15,591
Disposals (31,472 )
At 31st January 2017 1,012,718
DEPRECIATION
At 1st February 2016 216,566
Charge for year 11,020
Eliminated on disposal (28,358 )
At 31st January 2017 199,228
NET BOOK VALUE
At 31st January 2017 813,490
At 31st January 2016 812,033

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st February 2016 30,000
Disposals (30,000 )
At 31st January 2017 -
NET BOOK VALUE
At 31st January 2017 -
At 31st January 2016 30,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2017 2016
£    £   
Other creditors 55,507 544,022

7. SECURED DEBTS

Two fixed charges were created on 19 March 2014 on two properties owned by the company.

8. RELATED PARTY DISCLOSURES

As at the 31st January 2017, R D Barsley (director) was owed £15,296 (31st January 2016: £415,049) in respect
of his loan account. The loan is interest free with no set repayment date.

The controlling party is R D Barsley.

Page 5 continued...
C.W. Barsley & Son Limited (Registered number: 00351161)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2017


9. IMPACT FROM TRANSITION TO FRS 102

C.W. Barsley & Son Limited is adopting FRS 102 for the first time. As it qualifies as small under the new
thresholds it has decided to apply Section 1A. There was no impact on the comparative figures. The only impact
on the figures for the year ended 31 January 2017 is that the loan term director's loan account to R D Barsley
(£15,296) has now been classified as due within one year as there is no formal agreement in place and there is
no binding obligation on the director to defer seeking repayment.

Page 6