Company Registration No. 04446509 (England and Wales)
BARROW CENTRAL JOINERY LIMITED
ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
BARROW CENTRAL JOINERY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
BARROW CENTRAL JOINERY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
12,708
3,516
Current assets
Stocks
14,275
43,136
Debtors
51,533
90,682
Cash at bank and in hand
31,982
648
97,790
134,466
Creditors: amounts falling due within one year
(104,405)
(118,429)
Net current (liabilities)/assets
(6,615)
16,037
Total assets less current liabilities
6,093
19,553
Provisions for liabilities
(1,660)
-
4,433
19,553
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
4,333
19,453
Shareholders' funds
4,433
19,553
BARROW CENTRAL JOINERY LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2016
31 August 2016
- 2 -
For the financial year ended 31 August 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 11 May 2017
Peter Mc Dowall
Director
Company Registration No. 04446509
BARROW CENTRAL JOINERY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
1
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets 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 Leasehold
Straight line over the life of the lease
Plant and machinery
20% straight line
Fixtures, fittings & equipment
20% straight line
Motor vehicles
25% straight line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 September 2015
4,800
59,976
64,776
Additions
-
13,373
13,373
At 31 August 2016
4,800
73,349
78,149
Depreciation
At 1 September 2015
4,800
56,460
61,260
Charge for the year
-
4,181
4,181
At 31 August 2016
4,800
60,641
65,441
Net book value
At 31 August 2016
-
12,708
12,708
At 31 August 2015
-
3,516
3,516
BARROW CENTRAL JOINERY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
4
Related party relationships and transactions
Mr FP McDowall and Mr P Bak have given a guarantee to Natwest for £25000 each
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