ND Barrett Ltd - Period Ending 2018-11-30

Registration number: SC259195

ND Barrett Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2018

Accountants Plus
Chartered Certified Accountants
Upper Floor, Unit 1
82 Muir Street
Hamilton
Lanarkshire
ML3 6BJ

ND Barrett Ltd

Contents

Company Information	1
Directors' Report	2
Statement of Directors' Responsibilities	3
Statement of Financial Position	4 to 5
Notes to the Financial Statements	5

ND Barrett Ltd

Company Information

Directors

Mr Ross Richard Tranter Mr Neill Darren Barrett

Company secretary

Helen Barrett

Registered office

Unit 1 Straiton View Straiton Business Park Loanhead Edinburgh EH20 9QZ

Accountants

Accountants Plus Chartered Certified Accountants Upper Floor, Unit 1 82 Muir Street Hamilton Lanarkshire ML3 6BJ

Page 1

ND Barrett Ltd

Directors' Report for the Year Ended 30 November 2018

The directors present their report and the financial statements for the year ended 30 November 2018.

This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Directors of the company

The directors who held office during the year were as follows:

Mr Ross Richard Tranter (appointed 8 January 2018)

Mr Neill Darren Barrett

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 26 March 2019 and signed on its behalf by:

.........................................
Mr Neill Darren Barrett
Director

Page 2

ND Barrett Ltd

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the report and financial statements in accordance with the Companies Act 2006, and all applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 and are in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

ND Barrett Ltd

(Registration number: SC259195)
Statement of Financial Position as at 30 November 2018

	2018 £	2017 £
Fixed assets	80,366	60,870
Current assets	244,879	181,763
Prepayments and accrued income	8,702	8,702
Creditors: Amounts falling due within one year	(183,555)	(164,531)
Net current assets	70,026	25,934
Total assets less current liabilities	150,392	86,804
Creditors: Amounts falling due after more than one year	(42,392)	(31,375)
Accruals and deferred income	(2,565)	(2,410)
	105,435	53,019
Capital and reserves	105,435	53,019

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 30 November 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 26 March 2019 and signed on its behalf by:
 

.........................................

Mr Neill Darren Barrett
Director

Page 4

ND Barrett Ltd

(Registration number: SC259195)
Statement of Financial Position as at 30 November 2018

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
Unit 1 Straiton View
Straiton Business Park
Loanhead
Edinburgh
EH20 9QZ

These financial statements were authorised for issue by the Board on 26 March 2019.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2017 - 5).

3	Related party transactions

Transactions with directors

2018	At 1 December 2017 £	At 30 November 2018 £
Mr Neill Darren Barrett
Interest free loan to director, no particular terms of repayment	34,805	34,805

2017	At 1 December 2016 £	At 30 November 2017 £
Mr Neill Darren Barrett
Interest free loan to director, no particular terms of repayment	34,805	34,805

Page 5