Barber Papa Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12177355 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2021

for

Barber Papa Ltd

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

4,347

5,795

CURRENT ASSETS

Debtors

5

-

2,237

Cash at bank and in hand

3,110

4,237

3,110

6,474

CREDITORS

Amounts falling due within one year

6

1,748

900

NET CURRENT ASSETS

1,362

5,574

TOTAL ASSETS LESS CURRENT LIABILITIES

5,709

11,369

CREDITORS

Amounts falling due after more than one year

7

50,000

34,000

NET LIABILITIES

(44,291

)

(22,631

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(44,391

)

(22,731

)

SHAREHOLDERS' FUNDS

(44,291

)

(22,631

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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.

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

The financial statements were approved by the director and authorised for issue on 29 August 2022 and were signed by:

Mr Paul Kirk Stead - Director

1.	STATUTORY INFORMATION

Barber Papa Ltd 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:

12177355

Registered office:

Decibel Cottage Pennypot Lane

Chobham

Woking

GU24 8DJ

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

Revenue 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

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.

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.

Going concern

The company has net liabilities of £44,291. The accounts have been prepared on a going concern basis as the director has confirmed that he will continue to provide support to the company for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2020

and 31 August 2021

6,823

904

7,727

DEPRECIATION

At 1 September 2020

1,706

226

1,932

Charge for year

1,279

169

1,448

At 31 August 2021

2,985

395

3,380

NET BOOK VALUE

At 31 August 2021

3,838

509

4,347

At 31 August 2020

5,117

678

5,795

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Trade debtors

-

1,262

Other debtors

-

975

-

2,237

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Taxation and social security

807

-

Other creditors

941

900

1,748

900

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.21

31.8.20

£

£

Bank loans

50,000

-

Other creditors

-

34,000

50,000

34,000

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

-

34,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.21

31.8.20

value:

£

£

100

Ordinary

£1

100

100