Wilkey Barnard Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05246961 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Wilkey Barnard Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr John Charles Barnard

SECRETARY:

Mr John Charles Barnard

REGISTERED OFFICE:

The Brow

Queen Charlton

Bristol

Somerset

BS31 2SJ

REGISTERED NUMBER:

05246961 (England and Wales)

ACCOUNTANTS:

Tankard & Company

1 Three Winds

Downside

Shepton Mallet

Somerset

BA4 4FH

FIXED ASSETS

Tangible assets

3

98

147

CURRENT ASSETS

Stocks

4

154,101

154,101

Cash at bank

74,266

378,655

228,367

532,756

CREDITORS

Amounts falling due within one year

5

87,322

397,619

NET CURRENT ASSETS

141,045

135,137

TOTAL ASSETS LESS CURRENT LIABILITIES

141,143

135,284

PROVISIONS FOR LIABILITIES

6

19

29

NET ASSETS

141,124

135,255

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

141,123

135,254

SHAREHOLDERS' FUNDS

141,124

135,255

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 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 5 October 2018 and were signed by:

Mr John Charles Barnard - Director

1.	STATUTORY INFORMATION

Wilkey Barnard Properties 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.

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.

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.

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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

749

DEPRECIATION

At 1 April 2017

602

Charge for year

49

At 31 March 2018

651

NET BOOK VALUE

At 31 March 2018

98

At 31 March 2017

147

4.

STOCKS

31.3.18

31.3.17

£

£

Stocks

154,101

154,101

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Corporation Tax

1,385

9,196

Directors' current accounts

85,087

387,679

Accrued expenses

850

744

87,322

397,619

6.	PROVISIONS FOR LIABILITIES

31.3.18

31.3.17

£

£

Deferred tax

Accelerated capital allowances

19

(15

)

Deferred tax

-

44

19

29

Deferred

tax

£

Balance at 1 April 2017

29

Credit to Income Statement during year

(10

)

Balance at 31 March 2018

19