Barrett Plant Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09428541 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2019

FOR

BARRETT PLANT LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

B P Barrett

REGISTERED OFFICE:

Sixth Avenue

Flixborough Industrial Estate

Scunthorpe

Lincolnshire

DN15 8SH

REGISTERED NUMBER:

09428541 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe (Lincoln) Ltd

Landmark House

1 Riseholme Road

Lincoln

Lincolnshire

LN1 3SN

FIXED ASSETS

Intangible assets

3

58,000

-

Tangible assets

4

550,364

466,205

608,364

466,205

CURRENT ASSETS

Debtors

126,045

72,838

Cash at bank and in hand

49,610

287,985

175,655

360,823

CREDITORS

Amounts falling due within one year

275,494

246,499

NET CURRENT (LIABILITIES)/ASSETS

(99,839

)

114,324

TOTAL ASSETS LESS CURRENT LIABILITIES

508,525

580,529

CREDITORS

Amounts falling due after more than one year

(165,372

)

(224,636

)

PROVISIONS FOR LIABILITIES

(83,304

)

(66,030

)

NET ASSETS

259,849

289,863

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

259,749

289,763

SHAREHOLDERS' FUNDS

259,849

289,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 28 February 2019 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 director on 29 November 2019 and were signed by:

B P Barrett - Director

1.	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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - 2 ).

3.	INTANGIBLE FIXED ASSETS

Totals

£

COST

Additions

58,000

At 28 February 2019

58,000

NET BOOK VALUE

At 28 February 2019

58,000

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2018

753,976

Additions

226,655

At 28 February 2019

980,631

DEPRECIATION

At 1 March 2018

287,771

Charge for year

142,496

At 28 February 2019

430,267

NET BOOK VALUE

At 28 February 2019

550,364

At 28 February 2018

466,205