Barrie Simons and Associates Limited - Abbreviated accounts 16.3

Barrie Simons and Associates Limited - Abbreviated accounts 16.3

BARRIE SIMONS & ASSOCIATES LIMITED - Company Information

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REGISTERED NUMBER: 05214350 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Barrie Simons and Associates Limited

Barrie Simons and Associates Limited (Registered number: 05214350)

Contents of the Abbreviated Accounts
for the Year Ended 30 September 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Barrie Simons and Associates Limited

Company Information
for the Year Ended 30 September 2016







DIRECTORS: B W J Simons
B Callister





SECRETARY: B W J Simons





REGISTERED OFFICE: First Floor, CEF Building
Broomhill Way
Torquay
Devon
TQ2 7QN





REGISTERED NUMBER: 05214350 (England and Wales)





ACCOUNTANTS: Mark Ward Chartered Certified Accountants
First Floor, CEF Building
Broomhill Way
Torquay
Devon
TQ2 7QN
Page 1
Barrie Simons and Associates Limited (Registered number: 05214350)

Abbreviated Balance Sheet
30 September 2016

30.9.16 30.9.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1 1
Tangible assets 3 4,802 4,965
4,803 4,966

CURRENT ASSETS
Stocks 3,825 4,392
Debtors 63,889 50,067
Cash in hand 623 611
68,337 55,070
CREDITORS
Amounts falling due within one year 59,798 42,456
NET CURRENT ASSETS 8,539 12,614
TOTAL ASSETS LESS CURRENT LIABILITIES 13,342 17,580

CREDITORS
Amounts falling due after more than one
year
(11,630
)
(14,221
)

PROVISIONS FOR LIABILITIES (785 ) (778 )
NET ASSETS 927 2,581

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 827 2,481
SHAREHOLDERS' FUNDS 927 2,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 abbreviated accounts

Page 2 continued...
Barrie Simons and Associates Limited (Registered number: 05214350)

Abbreviated Balance Sheet - continued
30 September 2016


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 Board of Directors on 5 June 2017 and were signed on its behalf by:





B W J Simons - Director


The notes form part of these abbreviated accounts

Page 3
Barrie Simons and Associates Limited (Registered number: 05214350)

Notes to the Abbreviated Accounts
for the Year Ended 30 September 2016


1. ACCOUNTING POLICIES

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 represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

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

Land and buildings - Over the term of the lease
Plant and machinery etc - 10% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

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 the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015
and 30 September 2016 80,001
AMORTISATION
At 1 October 2015
and 30 September 2016 80,000
NET BOOK VALUE

At 30 September 2016 1
At 30 September 2015 1

Page 4 continued...
Barrie Simons and Associates Limited (Registered number: 05214350)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 September 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 23,587
Additions 371
At 30 September 2016 23,958
DEPRECIATION
At 1 October 2015 18,622
Charge for year 534
At 30 September 2016 19,156
NET BOOK VALUE
At 30 September 2016 4,802
At 30 September 2015 4,965

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.16 30.9.15
value: £    £   
80 Ordinary 'A' £1 80 80
20 Ordinary 'B' £1 20 20
100 100

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2016 and
30 September 2015:

30.9.16 30.9.15
£    £   
B W J Simons
Balance outstanding at start of year 15,475 16,975
Amounts advanced 330 -
Amounts repaid - (1,500 )
Balance outstanding at end of year 15,805 15,475

Page 5