Barry Dolan Ltd - Limited company accounts 18.1d

Barry Dolan Ltd - Limited company accounts 18.1d

BARRY DOLAN LTD - Company Information

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REGISTERED NUMBER: SC446001 (Scotland)


















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

BARRY DOLAN LTD
BARRY DOLAN LTD (REGISTERED NUMBER: SC446001)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018




Page

Company Information 1

Report of the Director 2

Income Statement 3

Abridged Balance Sheet 4

Notes to the Financial Statements 6


BARRY DOLAN LTD

COMPANY INFORMATION
for the Year Ended 31 March 2018







DIRECTOR: B Dolan





REGISTERED OFFICE: Unit 3 Barry Business Centre
Main Street
Barry
Carnoustie
Angus
DD7 6GL





REGISTERED NUMBER: SC446001 (Scotland)





ACCOUNTANTS: James Fraser & Co.
Barry Business Centre
Main Street
Barry
Angus
DD7 7RP
Page 1
BARRY DOLAN LTD (REGISTERED NUMBER: SC446001)

REPORT OF THE DIRECTOR
for the Year Ended 31 March 2018

The director presents his report with the financial statements of the company for the year ended 31 March 2018.

DIRECTOR
B Dolan held office during the whole of the period from 1 April 2017 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





B Dolan - Director


4 September 2018

Page 2
BARRY DOLAN LTD (REGISTERED NUMBER: SC446001)

INCOME STATEMENT
for the Year Ended 31 March 2018

2018 2017
Notes £    £   

TURNOVER 168,308 155,813

Cost of sales 15,945 16,206
GROSS PROFIT 152,363 139,607

Administrative expenses 98,816 77,244
OPERATING PROFIT 4 53,547 62,363


Interest payable and similar expenses 12,640 12,927
PROFIT BEFORE TAXATION 40,907 49,436

Tax on profit 3,604 9,962
PROFIT FOR THE FINANCIAL YEAR 37,303 39,474

The notes form part of these financial statements

Page 3
BARRY DOLAN LTD (REGISTERED NUMBER: SC446001)

ABRIDGED BALANCE SHEET
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 9,000 10,000
Tangible assets 6 24,653 2,662
33,653 12,662

CURRENT ASSETS
Stocks 3,500 3,500
Debtors 14,248 8,724
Cash at bank 11,578 19,636
29,326 31,860
CREDITORS
Amounts falling due within one year 29,157 25,387
NET CURRENT ASSETS 169 6,473
TOTAL ASSETS LESS CURRENT
LIABILITIES
33,822
19,135

CREDITORS
Amounts falling due after more than one
year
7,384
-
NET ASSETS 26,438 19,135

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 26,437 19,134
26,438 19,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 notes form part of these financial statements

Page 4 continued...
BARRY DOLAN LTD (REGISTERED NUMBER: SC446001)

ABRIDGED BALANCE SHEET - continued
31 March 2018


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements were approved by the director on 4 September 2018 and were signed by:





B Dolan - Director


The notes form part of these financial statements

Page 5
BARRY DOLAN LTD (REGISTERED NUMBER: SC446001)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Barry Dolan 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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.

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.

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 4 (2017 - 3 ) .

Page 6 continued...
BARRY DOLAN LTD (REGISTERED NUMBER: SC446001)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2018

4. OPERATING PROFIT

The operating profit is stated after charging:

2018 2017
£    £   
Depreciation - owned assets 4,694 948
Goodwill amortisation 1,000 1,000

5. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017
and 31 March 2018 14,000
AMORTISATION
At 1 April 2017 4,000
Amortisation for year 1,000
At 31 March 2018 5,000
NET BOOK VALUE

At 31 March 2018 9,000
At 31 March 2017 10,000

6. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2017 4,741
Additions 26,685
At 31 March 2018 31,426
DEPRECIATION
At 1 April 2017 2,079
Charge for year 4,694
At 31 March 2018 6,773
NET BOOK VALUE
At 31 March 2018 24,653
At 31 March 2017 2,662

Page 7