Barbel Trading Co Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03864474 (England and Wales)

BARBEL TRADING CO LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

1ST NOVEMBER 2016 TO 30TH APRIL 2018

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs H L B Rodger

R E Gather

SECRETARY:

A C Rodger

REGISTERED OFFICE:

43 Clarence Road

Chesterfield

Derbyshire

S40 1LQ

REGISTERED NUMBER:

03864474 (England and Wales)

ACCOUNTANTS:

Mr A K Fawbert FCA for Fawbert Adams

Chartered Accountants

43 Clarence Road

Chesterfield

Derbyshire

S40 1LQ

FIXED ASSETS

Intangible assets

4

30,000

30,000

Tangible assets

5

1,779

1,509

31,779

31,509

CURRENT ASSETS

Stocks

15,000

15,000

Debtors

5,022

8,403

Cash in hand

290

290

20,312

23,693

CREDITORS

Amounts falling due within one year

65,721

54,839

NET CURRENT LIABILITIES

(45,409

)

(31,146

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,630

)

363

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

6

30,000

30,000

Retained earnings

(43,730

)

(29,737

)

SHAREHOLDERS' FUNDS

(13,630

)

363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th April 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th April 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30th April 2018 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 were approved by the Board of Directors on 11th January 2019 and were signed on its behalf by:

Mrs H L B Rodger - Director

1.	STATUTORY INFORMATION

Barbel Trading Co 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, 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.

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

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st November 2016

and 30th April 2018

65,000

AMORTISATION

At 1st November 2016

and 30th April 2018

35,000

NET BOOK VALUE

At 30th April 2018

30,000

At 31st October 2016

30,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st November 2016

15,270

Additions

2,495

Disposals

(7,245

)

At 30th April 2018

10,520

DEPRECIATION

At 1st November 2016

13,761

Charge for period

936

Eliminated on disposal

(5,956

)

At 30th April 2018

8,741

NET BOOK VALUE

At 30th April 2018

1,779

At 31st October 2016

1,509

6.

RESERVES

Revaluatio

reserve

£

At 1st November 2016

and 30th April 2018

30,000