Barretts Accountants Limited - Abbreviated accounts 16.1

Barretts Accountants Limited - Abbreviated accounts 16.1

BARRETTS ACCOUNTANTS LIMITED - Company Information

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REGISTERED NUMBER: 08653643 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

FOR

BARRETTS ACCOUNTANTS LIMITED

BARRETTS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 08653643)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

BARRETTS ACCOUNTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2016







DIRECTOR: P N Timney





SECRETARY: First Instance Secretariat Limited





REGISTERED OFFICE: Sovereign House
22 Shelley Road
WORTHING
West Sussex
BN11 1TU





REGISTERED NUMBER: 08653643 (England and Wales)





ACCOUNTANTS: Monetaire
Sovereign House
22 Shelley Road
WORTHING
West Sussex
BN11 1TU
1
BARRETTS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 08653643)

ABBREVIATED BALANCE SHEET
31 JANUARY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 26,000 52,000
Tangible assets 3 281 375
26,281 52,375

CURRENT ASSETS
Debtors 9,488 4,001
Cash at bank 1,421 1,726
10,909 5,727
CREDITORS
Amounts falling due within one year 28,991 43,592
NET CURRENT LIABILITIES (18,082 ) (37,865 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
8,199
14,510

CAPITAL AND RESERVES
Called up share capital 4 1 1
Profit and loss account 8,198 14,509
SHAREHOLDERS' FUNDS 8,199 14,510

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 30 April 2016 and were signed by:





P N Timney - Director


The notes form part of these abbreviated accounts

2
BARRETTS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 08653643)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three years.

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

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

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 78,000
AMORTISATION
At 1 February 2015 26,000
Amortisation for year 26,000
At 31 January 2016 52,000
NET BOOK VALUE

At 31 January 2016 26,000
At 31 January 2015 52,000

3
BARRETTS ACCOUNTANTS LIMITED (REGISTERED NUMBER: 08653643)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 JANUARY 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2015
and 31 January 2016 500
DEPRECIATION
At 1 February 2015 125
Charge for year 94
At 31 January 2016 219
NET BOOK VALUE
At 31 January 2016 281
At 31 January 2015 375

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 £1 Ordinary £1 1 1

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period dividends totalling £20,000 (2015 - £5,000) were paid to the director.

4