Barlows Retail Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08768452 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2017

for

Barlows Retail Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D Barlow

REGISTERED OFFICE:

Unit 10 Tungsten Building

George Street

Southwick

BN41 1RA

REGISTERED NUMBER:

08768452 (England and Wales)

ACCOUNTANTS:

APT

44 The Pantiles

Tunbridge Wells

Kent

TN2 5TN

FIXED ASSETS

Tangible assets

4

106,085

68,859

Investments

5

468,020

401,316

574,105

470,175

CURRENT ASSETS

Debtors

6

4,909,268

2,838,822

Cash at bank and in hand

674,135

584,012

5,583,403

3,422,834

CREDITORS

Amounts falling due within one year

7

(4,761,156

)

(2,871,559

)

NET CURRENT ASSETS

822,247

551,275

TOTAL ASSETS LESS CURRENT LIABILITIES

1,396,352

1,021,450

CREDITORS

Amounts falling due after more than one year

8

(45,338

)

(49,490

)

PROVISIONS FOR LIABILITIES

(9,874

)

(13,772

)

NET ASSETS

1,341,140

958,188

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,341,139

958,187

SHAREHOLDERS' FUNDS

1,341,140

958,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 director on 10 April 2018 and were signed by:

D Barlow - Director

1.	STATUTORY INFORMATION

Barlows Retail Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

87,750

Additions

62,249

At 31 December 2017

149,999

DEPRECIATION

At 1 January 2017

18,891

Charge for year

25,023

At 31 December 2017

43,914

NET BOOK VALUE

At 31 December 2017

106,085

At 31 December 2016

68,859

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2017

87,750

Additions

3,743

At 31 December 2017

91,493

DEPRECIATION

At 1 January 2017

18,891

Charge for year

20,635

At 31 December 2017

39,526

NET BOOK VALUE

At 31 December 2017

51,967

At 31 December 2016

68,859

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.17

31.12.16

£

£

Brought forward

401,316

360,504

Net movements

66,704

40,812

468,020

401,316

Fixed Asset Investments (neither listed nor unlisted) represents the company's capital account balance in Quinn

Installations LLP.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

3,763,272

2,190,494

Other debtors

1,145,996

648,328

4,909,268

2,838,822

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans and overdrafts

2,152,746

1,321,233

Hire purchase contracts

16,504

12,706

Trade creditors

1,226,604

551,654

Taxation and social security

454,882

442,340

Other creditors

910,420

543,626

4,761,156

2,871,559

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Hire purchase contracts

45,338

49,490

9.	RELATED PARTY DISCLOSURES

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Barlow.