Barnes CDir Limited - Period Ending 2015-03-31

Barnes CDir Limited
Abbreviated Balance Sheet
31 March 2015

 

Company Registration Number: 07197787

		Note			2015 £			2014 £
Fixed assets		2
Tangible fixed assets					788			-
Current assets
Debtors					14,910			6,057
Cash at bank and in hand					32,550			12,851
					47,460			18,908
Creditors: Amounts falling due within one year					(39,112)			(18,364)
Net current assets					8,348			544
Net assets					9,136			544
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					9,135			543
Shareholders' funds					9,136			544

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime under the Companies Act 2006.

Approved by the director on 20 May 2015

Mr J Barnes
Director

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Barnes CDir Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Office equipment

25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Revenue Recognition

Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of the work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included within creditors.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		894			894
At 31 March 2015		894			894
Depreciation
Charge for the year		106			106
At 31 March 2015		106			106
Net book value
At 31 March 2015		788			788

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Barnes CDir Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2015

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £0.01 (2014 - £1) each		100			1			1			1

Sub-division of shares during year

During the year there was a sub-division of share capital, being 1 ordinary £1 share restructured into 100 £0.01 ordinary shares.

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