| Bartaward Ltd |
| Notes to the Accounts |
| for the year ended 31 January 2017 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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| 2 |
Audit information |
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The audit report is unqualified. |
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Senior statutory auditor: |
J Carty |
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Firm: |
Thomas & Young Limited |
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Date of audit report: |
9 September 2017 |
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| 3 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
1,293,267 |
|
1,005,804 |
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Amounts due after more than one year included above |
985,459 |
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691,218 |
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| 4 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
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Bank loans and overdrafts |
93,471 |
|
- |
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Trade creditors |
3,000 |
|
3,000 |
|
Corporation tax |
17,623 |
|
18,730 |
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|
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|
114,094 |
|
21,730 |
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| 5 |
Related party transactions |
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2017 |
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2016 |
| £ |
£ |
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Poplar Stud Ltd
The director S L Bates is also a director of Poplar Stud Limited.
A commercial loan exists between Bartaward Limited and Poplar Stud Limited. The loans are interest bearing and repayable in instalments. During the year ended 31 January 2017 interest of £2,069 (2016 - £1,694) was paid by Poplar Stud Limited.
Amount due from the related party. |
|
16,167 |
|
24,461 |
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J Allen
J Allen is the son of the directior M W Allen.
Commercial loans exists between Bartaward Limited and Mr J Allen. The loans are interest bearing and repayable in instalments. During the year ended 31 January 2017 interest of £424 (2016 - £480) was paid by Mr Allen.
Amount due from the related party |
|
7,582 |
|
3,250 |
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G Allen
G Allen is the son of the director M W Allen.
Commercial loans exist between Bartaward Limited and Mr G Allen. The loans are interest bearing and repayable in instalments. During the year ended 31 January 2017 interest of £1,519 (2016 - £1,249) was paid by Mr Allen.
Amound due from the related party |
|
29,700 |
|
36,417 |
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| 6 |
Controlling party |
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The ultimate parent company is Allens Caravans (Estates) Limited. |
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| 7 |
Other information |
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Bartaward Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
Wootton Hall |
|
Wootton Wawen |
|
Solihull |
|
West Midlands |
|
B95 6EE |
