Registered Number
:
09190401
|
For the year ended 31 August 2018
England and Wales
Unaudited Financial Statements
For the year ended 31 August 2018
Barrs & Co Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Barrs & Co Ltd
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
2,180
1,015
2
2,180
1,015
Trade and other receivables
|
4,253
47,615
3
50,480
Cash and cash equivalents
|
39,306
86,921
54,733
Trade and other payables
:
amounts falling due within one
|
year
|
(31,359)
(21,897)
4
23,374
65,024
Net current assets
Total assets less current liabilities
|
67,204
24,389
67,204
Net assets
24,389
100
100
67,104
24,289
67,204
24,389
Shareholders' funds
For the year ended 31 August 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
These financial statements were approved and authorised for issue by the Board on 22 March 2019 and were signed by:
|
The notes form part of these financial statements
|
1 of 4
For the year ended 31 August 2018
Barrs & Co Ltd
Notes to the Financial Statements
Statutory Information
Barrs
&
Co Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
09190401
.
|
Prospect House
32 Sovereign Street
Leeds
West Yorkshire
LS1 4BJ
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Fixtures and fittings
Inventories
Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 August 2018
Barrs & Co Ltd
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
1,629
1,709
3,338
Provision for depreciation and impairment
|
614
Charge for year
544
1,158
2,180
1,015
3
.
Trade and other receivables
|
2017
2018
45,935
3,432
1,680
821
4,253
47,615
4
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
Taxation and social security
|
18,834
12,220
3,063
19,139
21,897
31,359
5
.
Related party transactions
|
The directors are also shareholders of the company
.
Dividends paid to the directors
,
as shareholders of the
|
company
,
during the year
(
with the previous year shown in brackets
)
were as follows
:
Mr R Barrs £
5
,
000
|
(
£
5
,
000
)
;
Mrs S Barrs £
5
,
000
(
£
5
,
000
).
|
3 of 4
For the year ended 31 August 2018
Barrs & Co Ltd
Notes to the Financial Statements Continued
6
.
Guarantees and other financial commitments
|
At
31
August
2018
the company had annual commitments under non
-
cancellable operating leases as set out
|
below
:
|
2017
2018
Operating leases which expire
:
|
360
360
360
360
4 of 4