G BARLOW AND SONS LIMITED,Ltd - AccountsLtd - Accounts

G BARLOW AND SONS LIMITED,Ltd - AccountsLtd - Accounts

G.BARLOW AND SONS LIMITED - Company Information

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2017-01-01 00371173 2017-12-31 00371173 2017-01-01 2017-12-31 00371173 2016-12-31 00371173 2016-01-01 2016-12-31 00371173 uk-core:WithinOneYear 2016-12-31 00371173 uk-core:WithinOneYear 2017-12-31 00371173 uk-core:ShareCapital 2017-12-31 00371173 uk-core:ShareCapital 2016-12-31 00371173 uk-core:RetainedEarningsAccumulatedLosses 2017-12-31 00371173 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 00371173 uk-core:OtherMiscellaneousReserve 2017-12-31 00371173 uk-bus:Director1 2017-01-01 2017-12-31 00371173 uk-core:LandBuildings 2017-01-01 2017-12-31 00371173 uk-core:ComputerEquipment 2017-01-01 2017-12-31 00371173 uk-core:MotorVehicles 2017-01-01 2017-12-31 00371173 uk-core:FurnitureFittings 2017-01-01 2017-12-31 00371173 uk-core:ComputerEquipment 2016-12-31 00371173 uk-core:FurnitureFittings 2016-12-31 00371173 uk-core:MotorVehicles 2016-12-31 00371173 uk-core:LandBuildings 2016-12-31 00371173 uk-core:MotorVehicles 2017-12-31 00371173 uk-core:FurnitureFittings 2017-12-31 00371173 uk-core:ComputerEquipment 2017-12-31 00371173 uk-core:LandBuildings 2017-12-31 iso4217:GBP 00371173 uk-bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 00371173 uk-bus:FRS102 2017-01-01 2017-12-31 00371173 uk-bus:FullAccounts 2017-01-01 2017-12-31 00371173 uk-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31
G BARLOW AND SONS LIMITED
Registered Number:00371173
For the year ended 31 December 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2017
G BARLOW AND SONS LIMITED
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 31 December 2017
G BARLOW AND SONS LIMITED
Statement of Financial Position
Registered Number :
00371173
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
430,097
137,861
2
430,097
137,861
Current assets
Inventories
40,703
33,336
3
Trade and other receivables
184,972
179,665
4
2,133,762
Cash and cash equivalents
2,021,844
2,234,845
2,359,437
Trade and other payables: amounts falling due within one
year
(256,131)
(248,381)
5
2,103,306
1,986,464
Net current assets
Total assets less current liabilities
2,416,561
2,241,167
(3,656)
(3,524)
Provisions for liabilities
2,412,905
Net assets
2,237,643
Capital and reserves
Called up share capital
2,160
2,160
Retained earnings
2,409,905
2,234,643
Other reserves
840
840
2,412,905
2,237,643
Shareholders' funds
For the year ended 31 December 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section
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.
All the members have consented to the preparation of an Abridged Income Statement for the year ended 31 December
2017 in accordance with Section 444 (2A) of the Companies Act 2006.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
For the year ended 31 December 2017
G BARLOW AND SONS LIMITED
Statement of Financial Position Continued
MR D J BARLOW Director
These financial statements were approved and authorised for issue by the Board on 18 September 2018 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 December 2017
G BARLOW AND SONS LIMITED
Notes to the Financial Statements
Statutory Information
G BARLOW AND SONS LIMITED is a private limited company, limited by shares, domiciled in England and Wales,
registration number 00371173.
Registered address:
17/19 UNION STREET WEST
OLDHAM
OL8 1DQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
0.5% per annum Straight line
10% per annum Straight line
Computer software
20% per annum Reducing balance
Motor Vehicles
20% per annum Reducing balance
Furniture and Fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 December 2017
G BARLOW AND SONS LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
software
Furniture and
Fittings
Motor
Vehicles
Land and
Buildings
£
£
£
£
£
Cost or
valuation
At 01 January 2017
570,109
4,021
31,729
464,563
69,796
370,140
-
-
370,140
-
Additions
-
-
(150,276)
-
Disposals
(150,276)
At 31 December 2017
684,427
31,729
4,021
789,973
69,796
Provision for depreciation and impairment
At 01 January 2017
432,248
4,021
31,136
391,159
5,932
Charge for year
74,754
-
119
74,286
349
(147,126)
-
-
(147,126)
-
On disposal
At 31 December 2017
359,876
4,021
31,255
318,319
6,281
At 31 December 2017
Net book value
63,515
366,108
474
-
430,097
At 31 December 2016
63,864
73,404
593
-
137,861
3. Inventories
2016
2017
£
£
Stocks
33,336
40,703
4. Trade and other receivables
2016
2017
£
£
Trade debtors
171,130
175,504
Other debtors
8,535
9,468
184,972
179,665
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
46,150
48,290
Taxation and social security
91,546
109,875
Other creditors
110,685
97,966
248,381
256,131
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7
For the year ended 31 December 2017
G BARLOW AND SONS LIMITED
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 13 (2016 : 13)
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