Abbreviated Company Accounts - BARNCROFT LIMITED

04435133 BARNCROFT LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 04435133 2013-08-01 2014-07-31 04435133 2014-07-31 04435133 2013-07-31 04435133 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 04435133 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 04435133

BARNCROFT LIMITED

Abbreviated Accounts

31 July 2014

BARNCROFT LIMITED Registered Number 04435133

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,346,583	1,346,583
		1,346,583	1,346,583
Current assets
Debtors		701,060	617,266
Cash at bank and in hand		21,952	22,484
		723,012	639,750
Creditors: amounts falling due within one year		(248,032)	(238,279)
Net current assets (liabilities)		474,980	401,471
Total assets less current liabilities		1,821,563	1,748,054
Total net assets (liabilities)		1,821,563	1,748,054
Capital and reserves
Called up share capital	3	90	90
Profit and loss account		1,821,473	1,747,964
Shareholders' funds		1,821,563	1,748,054

For the year ending 31 July 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 8 January 2015

And signed on their behalf by:
Mrs L Dennis, Director

BARNCROFT LIMITED Registered Number 04435133

Notes to the Abbreviated Accounts for the period ended 31 July 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Other accounting policies
Fixed assets
All fixed assets are initially recorded at cost.

Investment properties
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

2Tangible fixed assets

	£
Cost
At 1 August 2013	1,346,583
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2014	1,346,583
Depreciation
At 1 August 2013	-
Charge for the year	-
On disposals	-
At 31 July 2014	-
Net book values
At 31 July 2014	1,346,583
At 31 July 2013	1,346,583

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
90 Ordinary shares of £1 each	90	90