Company Registration No. 07069414 (England and Wales)
BARRY GLOVER ENGINEERING SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
BARRY GLOVER ENGINEERING SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BARRY GLOVER ENGINEERING SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
28,165
-
Current assets
Stocks
960
-
Debtors
12,634
2
Cash at bank and in hand
4,706
-
18,300
2
Creditors: amounts falling due within one year
(5,619)
-
Net current assets
12,681
2
Total assets less current liabilities
40,846
2
Creditors: amounts falling due after more than one year
(23,522)
-
17,324
2
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
17,322
-
Shareholders' funds
17,324
2
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 24 August 2017
J B Glover
Director
Company Registration No. 07069414
BARRY GLOVER ENGINEERING SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Motor vehicles
25% Reducing balance
1.5
Revenue recognition
Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax
.
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2015
-
Additions
29,390
At 30 November 2016
29,390
Depreciation
At 1 December 2015
-
Charge for the year
1,225
At 30 November 2016
1,225
Net book value
At 30 November 2016
28,165
BARRY GLOVER ENGINEERING SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2