ATKINS_AND_BARKER_LIMITED - Accounts

ATKINS AND BARKER LIMITED - Company Information

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Company Registration No. 00781584 (England and Wales)

ATKINS AND BARKER LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

ATKINS AND BARKER LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ATKINS AND BARKER LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

30,750

31,512

Current assets

Stocks

39,000

Debtors

1,770

3,044

Cash at bank and in hand

2,418

1,224

43,188

43,268

Creditors: amounts falling due within one year

(63,822)

(58,353)

Net current liabilities

(20,634)

(15,085)

Total assets less current liabilities

10,116

16,427

Creditors: amounts falling due after more than one year

(120,802)

(121,207)

(110,686)

(104,780)

Capital and reserves

Called up share capital

2,000

Other reserves

9,107

Profit and loss account

(121,793)

(115,887)

Shareholders' funds

(110,686)

(104,780)

For the financial year ended 31 July 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 25 August 2017

Mr T. S. Rupra

Director

Company Registration No. 00781584

ATKINS AND BARKER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

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).

Going Concern

As at the balance sheet date the liabilities of the company exceeded the assets by £110,686.

The directors consider the company to be a going concern, as included within other creditors due after one year are balances totalling £103,158 owed to the directors.

The directors have guaranteed to provide Atkins and Barker Ltd with the financial support to continue for the foreseeable future.

The directors have provided personal guarantees amounting to £24,018, should the company not be able to settle these liabilities the directors will personally honour.

On this basis the directors consider the going concern appropriate for the preparation of the accounts.

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

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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 Freehold

Nil

Land and buildings Leasehold

2% on cost

Computer equipment

20% on reducing balance

Fixtures, fittings & equipment

15% on reducing balance

ATKINS AND BARKER LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Fixed assets

Tangible assets

Cost

At 1 August 2015 & at 31 July 2016

110,996

Depreciation

At 1 August 2015

79,484

Charge for the year

762

At 31 July 2016

80,246

Net book value

At 31 July 2016

30,750

At 31 July 2015

31,512

Share capital

2016

2015

Allotted, called up and fully paid

2,000 Ordinary shares of £1 each

2,000