Barnes CDir Limited - Period Ending 2016-03-31

Barnes CDir Limited
Abbreviated Balance Sheet
31 March 2016

 

Company Registration Number: 07197787

		Note			2016 £			2015 £
Fixed assets		2
Tangible fixed assets					591			788
Current assets
Debtors					4,952			14,910
Cash at bank and in hand					24,925			32,550
					29,877			47,460
Creditors: Amounts falling due within one year					(27,205)			(39,112)
Net current assets					2,672			8,348
Net assets					3,263			9,136
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					3,262			9,135
Shareholders' funds					3,263			9,136

For the year ending 31 March 2016 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 accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (Effective 2015).

Approved by the director on 20 May 2016

Mr J Barnes
Director

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Barnes CDir Limited
Notes to the Abbreviated Accounts
Year Ended 31 March 2016

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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		894			894
At 31 March 2016		894			894
Depreciation
At 1 April 2015		106			106
Charge for the year		197			197
At 31 March 2016		303			303
Net book value
At 31 March 2016		591			591
At 31 March 2015		788			788

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £0.01 each		100			1			100			1

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