Barr Gazetas Limited - Period Ending 2017-03-31

Registration number: 03948400

Barr Gazetas Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2017

CPP,
Chartered Accountants
79 Essex Road
Islington
London
N1 2SF

Barr Gazetas Limited

Contents

Company Information	1
Abridged Statement Of Financial Position	2 to 3
Notes to the Abridged Financial Statements	4 to 6

Barr Gazetas Limited

Company Information

Directors

Mr J Eaglesham Mr J Allwood Mr T Lacey

Registered office

19-21 Heddon Street London W1B 4BG

Accountants

CPP, Chartered Accountants 79 Essex Road Islington London N1 2SF

Page 1

Barr Gazetas Limited

(Registration number: 03948400)
Abridged Statement Of Financial Position as at 31 March 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	5	69,765	60,219
Current assets
Debtors		586,498	535,337
Cash at bank and in hand		607,737	335,384
		1,194,235	870,721
Prepayments and accrued income		90,405	81,888
Creditors: Amounts falling due within one year		(496,612)	(335,359)
Net current assets		788,028	617,250
Total assets less current liabilities		857,793	677,469
Provisions for liabilities		(13,255)	(11,442)
Accruals and deferred income		(68,867)	(82,880)
Net assets		775,671	583,147
Capital and reserves
Called up share capital		1	22
Profit and loss account		775,670	583,125
Total equity		775,671	583,147

The notes on pages 4 to 6 form an integral part of these abridged financial statements.

Page 2

Barr Gazetas Limited

(Registration number: 03948400)
Abridged Statement Of Financial Position as at 31 March 2017

For the financial year ending 31 March 2017 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

All of the company’s members have consented to the preparation of an Abridged Statement Of Financial Position in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 31 October 2017 and signed on its behalf by:
 

.........................................

Mr J Eaglesham

Director

The notes on pages 4 to 6 form an integral part of these abridged financial statements.

Page 3

Barr Gazetas Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
19-21 Heddon Street
London
W1B 4BG
England

These financial statements were authorised for issue by the Board on 31 October 2017.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25%, straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Page 4

Barr Gazetas Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2017

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 32 (2016 - 26).

4	Intangible assets

	Total £
Cost or valuation
At 1 April 2016	275,000
At 31 March 2017	275,000
Amortisation
At 1 April 2016	275,000
At 31 March 2017	275,000
Carrying amount
At 31 March 2017	-

The aggregate amount of research and development expenditure recognised as an expense during the period is £Nil (2016 - £Nil).
 

Page 5

Barr Gazetas Limited

Notes to the Abridged Financial Statements for the Year Ended 31 March 2017

5	Tangible assets

	Total £
Cost or valuation
At 1 April 2016	146,679
Additions	45,969
At 31 March 2017	192,648
Depreciation
At 1 April 2016	86,460
Charge for the year	36,423
At 31 March 2017	122,883
Carrying amount
At 31 March 2017	69,765
At 31 March 2016	60,219

Included within the net book value of land and buildings above is £Nil (2016 - £Nil) in respect of short leasehold land and buildings.
 

Page 6