Barclay Refrigeration Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: SC181006 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 October 2017

for

Barclay Refrigeration Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Barclay

REGISTERED OFFICE:

2 Fara Close

Aberdeen

AB15 6WN

REGISTERED NUMBER:

SC181006 (Scotland)

ACCOUNTANTS:

MMG Archbold

Chartered Accountants

182 High Street

Montrose

ANGUS

DD10 8PH

FIXED ASSETS

Tangible assets

4

2,984

478

CURRENT ASSETS

Debtors

5

2,863

5,042

Cash at bank

3,720

9,745

6,583

14,787

CREDITORS

Amounts falling due within one year

6

9,555

15,179

NET CURRENT LIABILITIES

(2,972

)

(392

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12

86

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

10

84

SHAREHOLDERS' FUNDS

12

86

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director on 6 June 2018 and were signed by:

D Barclay - Director

1.	STATUTORY INFORMATION

Barclay Refrigeration Ltd is a private company, limited by shares , registered in Scotland. The 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

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.

The director has a reasonable expectation that the company has adequate resources to continue in operational existence

for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in preparing the annual

financial statements.

Turnover

Turnover and profit on ordinary activities before taxation are attributable to the provision of engineering consultancy

services to the onshore oil industry.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance

Hire purchase and leasing commitments

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

Contracts for services

Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is

recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount

of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to value

of the work performed.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

Equipment

Totals

£

£

£

COST

At 1 November 2016

-

1,395

1,395

Additions

3,500

-

3,500

At 31 October 2017

3,500

1,395

4,895

DEPRECIATION

At 1 November 2016

-

917

917

Charge for year

875

119

994

At 31 October 2017

875

1,036

1,911

NET BOOK VALUE

At 31 October 2017

2,625

359

2,984

At 31 October 2016

-

478

478

5.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

666

5,042

Amounts falling due after more than one year:

Other debtors

2,197

-

Aggregate amounts

2,863

5,042

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

444

949

Other creditors

9,111

14,230

9,555

15,179

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 November 2016

84

Profit for the year

1,126

Dividends

(1,200

)

At 31 October 2017

10

9.	RELATED PARTY DISCLOSURES

D Barclay

Director and shareholder

D Barclay operated a director's loan throughout the year where he was advanced by the company £8,870 and paid in

£3,717. The loan is operated on an interest free basis.

2017

2016

£

£

Amount due to related party at the balance sheet date

8,189

13,342

10.	FIRST YEAR ADOPTION

The Company has transitioned to FRS 102 from previously being prepared under the historical cost convention and in

accordance with the Financial Reporting Standards for Smaller Entities (effective from 1st January 2015) as at 1st

November 2015.

Reconciliation of equity

No transitional adjustments were required.

Reconciliation of profit or loss for the year

No transitional adjustments were required.