Barr-Tech Specialist Cars Limited - Accounts to registrar - small 17.2
Barr-Tech Specialist Cars Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2018 |
| for |
| Barr-Tech Specialist Cars Limited |
| Barr-Tech Specialist Cars Limited (Registered number: 06120976) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Barr-Tech Specialist Cars Limited |
| Company Information |
| for the Year Ended 28 February 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 98 Culley Court |
| Orton Southgate |
| Peterborough |
| Cambridgeshire |
| PE2 6WA |
| Barr-Tech Specialist Cars Limited (Registered number: 06120976) |
| Balance Sheet |
| 28 February 2018 |
| 28.2.18 | 28.2.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Barr-Tech Specialist Cars Limited (Registered number: 06120976) |
| Balance Sheet - continued |
| 28 February 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Barr-Tech Specialist Cars Limited (Registered number: 06120976) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2018 |
| 1. | STATUTORY INFORMATION |
| Barr-Tech Specialist Cars Limited is a |
| 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 |
| 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 |
| 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. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in |
| bringing stocks to their present location and condition. |
| 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. |
| Barr-Tech Specialist Cars Limited (Registered number: 06120976) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 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. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 March 2017 |
| and 28 February 2018 |
| AMORTISATION |
| At 1 March 2017 |
| and 28 February 2018 |
| NET BOOK VALUE |
| At 28 February 2018 |
| At 28 February 2017 |
| Barr-Tech Specialist Cars Limited (Registered number: 06120976) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2018 |
| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 March 2017 |
| Additions |
| Disposals | ( |
) |
| At 28 February 2018 |
| DEPRECIATION |
| At 1 March 2017 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 28 February 2018 |
| NET BOOK VALUE |
| At 28 February 2018 |
| At 28 February 2017 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.18 | 28.2.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.2.18 | 28.2.17 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| 28.2.18 | 28.2.17 |
| £ | £ |
| Deferred tax | 1,779 | 1,779 |
| Barr-Tech Specialist Cars Limited (Registered number: 06120976) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2018 |
| 8. | PROVISIONS FOR LIABILITIES - continued |
| Deferred |
| tax |
| £ |
| Balance at 1 March 2017 |
| Balance at 28 February 2018 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 28.2.18 | 28.2.17 |
| value: | £ | £ |
| Ordinary | £1.00 | 2 | 2 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 March 2017 |
| Deficit for the year | ( |
) |
| Dividends | ( |
) |
| At 28 February 2018 |
| 11. | RELATED PARTY DISCLOSURES |
| During the financial year the company paid rent amounting to £40,000 (2017 £40,000) to the the directors, Mr S |
| Barresi and Mr A Barresi for use of the business premises. |
| As at 28 February 2018 the company owed £5,244 (2017 £111,803) to Mr S Barresi in respect of his directors loan |
| account. |
| As at 28 February 2018 the company owed £3,308 (2017 £22,538) from Mr A Barresi in respect of his directors loan |
| account. |