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REGISTERED NUMBER:
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BARLINGS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2017 |
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REGISTERED NUMBER:
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BARLINGS LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2017 |
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BARLINGS LIMITED (REGISTERED NUMBER: 03428181) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 3 |
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BARLINGS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 APRIL 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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4 Henley Way |
Doddington Road |
Lincoln |
Lincolnshire |
LN6 3QR |
BARLINGS LIMITED (REGISTERED NUMBER: 03428181) |
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STATEMENT OF FINANCIAL POSITION |
30 APRIL 2017 |
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2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
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CREDITORS |
Amounts falling due within one year | 3 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the director on
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BARLINGS LIMITED (REGISTERED NUMBER: 03428181) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 APRIL 2017 |
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1. | STATUTORY INFORMATION |
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Barlings Limited is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
The financial statements for the year ended 30 April 2017 are the first financial statements of Barling Limited |
prepared in accordance with FRS 102. Adjustments required on transition are set out in the notes to the |
financial statements. |
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Going concern |
The company continues as a going concern through the support of Swayfields Limited. |
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At 30 April 2016 the company's current assets exceed its current assets by £1,440,788 (2016: £1,440,788). |
Included within current liabilities is a loan of £1,274,383 (2016: £1,274,383). The loan has no maturing date |
and Swayfields Limited has not requested repayment of the loan in recent years. |
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There are also balances totalling £163,631 with other companies owned by the directors. As the directors |
control the repayment terms of these balances it is highly unlikely that this support of the company will be |
removed. |
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On the basis described above, the directors consider it appropriate to prepare the financial statements on the |
going concern basis. The financial statements do not include any adjustments that would result from the going |
concern basis not proving to be applicable. |
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3. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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4. | FIRST YEAR ADOPTION |
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The company has adopted FRS102 for the first time n the period ended 31 August 2017. The reported financial |
position and financial performance for the previous period are not affected by the transition to FRS102. |