Barke Baker Construction Limited
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Balance Sheet |
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for the Period Ended 31 March 2019 |
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
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The option not to file the profit and loss account has been taken. |
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For the year ending 31 March 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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The members have agreed to the preparation of abridged accounts.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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The financial statements were approved by the Board of Directors on |
2019-12-04
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SIGNED ON BEHALF OF THE BOARD BY |
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Name |
C Baker |
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The notes form part of these financial statements |
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Page 5 |
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Barke Baker Construction Limited
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Notes to the Financial Statements |
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for the Period Ended 31 March 2019 |
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1. Accounting policies |
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Basis of preparation |
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The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
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Intangible fixed assets |
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Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable.
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Stocks |
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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 includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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Pension costs |
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The company operates a defined contribution pension scheme for employees. The annual contributionspayable are charged to the profit and loss account.
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Page 6 |
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