Barlow Technology Limited - Accounts to registrar (filleted) - small 18.2

Barlow Technology Limited - Accounts to registrar (filleted) - small 18.2

BARLOW TECHNOLOGY LIMITED - Company Information

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REGISTERED NUMBER: 03203951 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2018

for

Barlow Technology Limited
Barlow Technology Limited (Registered number: 03203951)

Contents of the Financial Statements
for the Year Ended 31 December 2018










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 2


Barlow Technology Limited (Registered number: 03203951)

Abridged Balance Sheet
31 December 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,219 637

CURRENT ASSETS
Debtors 212,116 284,890
Cash at bank 142,393 222,209
354,509 507,099
CREDITORS
Amounts falling due within one year 274,887 441,706
NET CURRENT ASSETS 79,622 65,393
TOTAL ASSETS LESS CURRENT LIABILITIES 80,841 66,030

PROVISIONS FOR LIABILITIES 244 127
NET ASSETS 80,597 65,903

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 79,597 64,903
SHAREHOLDERS' FUNDS 80,597 65,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 19 September 2019 and were signed on its behalf by:





I Barlow - Director


The notes form part of these financial statements

Page 1
Barlow Technology Limited (Registered number: 03203951)

Notes to the Financial Statements
for the Year Ended 31 December 2018


1. STATUTORY INFORMATION

Barlow Technology Limited is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address are as below:

Registered number: 03203951

Registered office: Durham Tees Valley Business Centre
Orde Wingate Way
Stockton-on-Tees
Cleveland
TS19 0GA

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained
Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been
enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme
are charged to profit or loss in the period to which they relate.

Page 2 continued...
Barlow Technology Limited (Registered number: 03203951)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2018


2. ACCOUNTING POLICIES - continued

Foreign exchange transactions
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet
date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.
Exchange differences are taken into account in arriving at the operating profit.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2018 5,227
Additions 1,000
Disposals (843 )
At 31 December 2018 5,384
DEPRECIATION
At 1 January 2018 4,590
Charge for year 351
Eliminated on disposal (776 )
At 31 December 2018 4,165
NET BOOK VALUE
At 31 December 2018 1,219
At 31 December 2017 637

5. OTHER FINANCIAL COMMITMENTS

Total financial commitments which are not included in the balance sheet amount to £10,510 (2017: £30,000) relating to
amounts payable under operating leases.

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Advances were made to the directors totalling £2,090. No interest was charged and the advances were repayable on
demand.

Page 3