Barclay Refrigeration Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: SC181006 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2016

for

Barclay Refrigeration Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Barclay

REGISTERED OFFICE:

2 Fara Close

Aberdeen

AB15 6WN

REGISTERED NUMBER:

SC181006 (Scotland)

ACCOUNTANTS:

MMG Archbold

Chartered Accountants

182 High Street

Montrose

ANGUS

DD10 8PH

FIXED ASSETS

Tangible assets

2

478

117

CURRENT ASSETS

Debtors

5,042

324

Cash at bank

9,745

33,661

14,787

33,985

CREDITORS

Amounts falling due within one year

15,179

33,374

NET CURRENT (LIABILITIES)/ASSETS

(392

)

611

TOTAL ASSETS LESS CURRENT
LIABILITIES

86

728

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

84

726

SHAREHOLDERS' FUNDS

86

728

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

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 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 6 March 2017 and were signed by:

D Barclay - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The director has a reasonable expectation that the company has adequate resources to continue in operational existence

for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in preparing the annual

financial statements.

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 and profit on ordinary activities before taxation are attributable to the provision of engineering consultancy

services to the onshore oil industry.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance

Contracts for services

Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is

recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount

of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to value

of the work performed.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

874

Additions

521

At 31 October 2016

1,395

DEPRECIATION

At 1 November 2015

757

Charge for year

160

At 31 October 2016

917

NET BOOK VALUE

At 31 October 2016

478

At 31 October 2015

117

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2