C.W. Barsley & Son Limited - Accounts to registrar (filleted) - small 17.3
C.W. Barsley & Son Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st January 2018 |
| for |
| C.W. Barsley & Son Limited |
| C.W. Barsley & Son Limited (Registered number: 00351161) |
| Contents of the Financial Statements |
| for the Year Ended 31st January 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| C.W. Barsley & Son Limited |
| Company Information |
| for the Year Ended 31st January 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 74 College Road |
| Maidstone |
| Kent |
| ME15 6SL |
| C.W. Barsley & Son Limited (Registered number: 00351161) |
| Balance Sheet |
| 31st January 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| C.W. Barsley & Son Limited (Registered number: 00351161) |
| Balance Sheet - continued |
| 31st January 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| C.W. Barsley & Son Limited (Registered number: 00351161) |
| Notes to the Financial Statements |
| for the Year Ended 31st January 2018 |
| 1. | STATUTORY INFORMATION |
| C.W. Barsley & Son Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Depreciation is provided at 0% on freehold property and improvements in order to write of their cost to residual |
| value over their useful economic lives. In the opinion of the directors, the residual values of these assets is |
| sufficiently high and the useful economic lives sufficiently long that any depreciation charge is not material. |
| Stocks |
| Stock has been valued, by the directors, at the lower of current selling price less normal gross profit margin, and |
| net realisable value. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
| except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws |
| that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal |
| of the timing difference. |
| 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. |
| 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 profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| C.W. Barsley & Son Limited (Registered number: 00351161) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st January 2018 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| Freehold | to | Plant and | and |
| property | property | machinery | fittings | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1st February 2017 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31st January 2018 |
| DEPRECIATION |
| At 1st February 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31st January 2018 |
| NET BOOK VALUE |
| At 31st January 2018 |
| At 31st January 2017 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Other creditors |
| 8. | SECURED DEBTS |
| Two fixed charges were created on 19 March 2014 on two properties owned by the company. |
| 9. | RELATED PARTY DISCLOSURES |
| As at the 31st January 2018, R D Barsley (director) was owed £13,672 (31st January 2017: £15,296) in respect |
| of his loan account. The loan is interest free with no set repayment date. |
| The controlling party is R D Barsley. |
| C.W. Barsley & Son Limited (Registered number: 00351161) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st January 2018 |
| 10. | IMPACT FROM TRANSITION TO FRS 102 |
| C.W. Barsley & Son Limited is adopting FRS 102 for the first time. As it qualifies as small under the new |
| thresholds it has decided to apply Section 1A. There was no impact on the comparative figures. The only impact |
| on the figures for the year ended 31 January 2017 is that the loan term director's loan account to R D Barsley |
| (£15,296) has now been classified as due within one year as there is no formal agreement in place and there is |
| no binding obligation on the director to defer seeking repayment. |