Barnham Trading Post Ltd. - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03318313 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2017

FOR

BARNHAM TRADING POST LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Stroud

S A Stroud

Mrs C A Stroud

SECRETARY:

Mrs C A Stroud

REGISTERED OFFICE:

76 Aldwick Road

Bognor Regis

West Sussex

PO21 2PE

REGISTERED NUMBER:

03318313 (England and Wales)

ACCOUNTANTS:

Bromley Clackett Limited

76 Aldwick Road

Bognor Regis

West Sussex

PO21 2PE

FIXED ASSETS

Tangible assets

4

1,816,250

1,827,595

CURRENT ASSETS

Stocks

325,768

385,718

Debtors

5

91,590

101,796

Cash at bank and in hand

19,822

36,462

437,180

523,976

CREDITORS

Amounts falling due within one year

6

231,296

247,154

NET CURRENT ASSETS

205,884

276,822

TOTAL ASSETS LESS CURRENT LIABILITIES

2,022,134

2,104,417

CREDITORS

Amounts falling due after more than one year

7

(767,839

)

(836,451

)

PROVISIONS FOR LIABILITIES

(7,630

)

(6,713

)

NET ASSETS

1,246,665

1,261,253

CAPITAL AND RESERVES

Called up share capital

44,700

44,700

Revaluation reserve

8

984,466

984,466

Capital redemption reserve

190,300

190,300

Retained earnings

27,199

41,787

SHAREHOLDERS' FUNDS

1,246,665

1,261,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 16th October 2017 and were signed on its behalf by:

S A Stroud - Director

1.	STATUTORY INFORMATION

Barnham Trading Post Ltd. is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the net amount receivable for goods provided and services rendered, excluding value added tax.

Tangible fixed assets

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

Buildings

1% excluding freehold land

Plant and Machinery etc

- 25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

The cost of stock is established by ascertaining its full retail value and then reducing that value to cost using average profit

margins.

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 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future

payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Finance lease agreements

Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the

lease is treated as a finance lease. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated in

accordance with the above depreciation policies. Future instalments under such leases ,net of finance charges, are included

within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account

on a straight line basis, and the capital element which reduces the outstanding obligation for future instalments.

Operating lease agreements

Rental applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are

charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 29th February 2016

1,850,000

145,214

1,995,214

Additions

-

10,670

10,670

Disposals

-

(2,780

)

(2,780

)

At 28th February 2017

1,850,000

153,104

2,003,104

DEPRECIATION

At 29th February 2016

65,448

102,171

167,619

Charge for year

14,224

7,308

21,532

Eliminated on disposal

-

(2,297

)

(2,297

)

At 28th February 2017

79,672

107,182

186,854

NET BOOK VALUE

At 28th February 2017

1,770,328

45,922

1,816,250

At 28th February 2016

1,784,552

43,043

1,827,595

Included in land and buildings is freehold land at a valuation of £427,552 which cost £277,715. The value of land is not

depreciated.

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and

machinery

etc

£

COST

At 29th February 2016

and 28th February 2017

11,500

DEPRECIATION

At 29th February 2016

3,191

Charge for year

1,246

At 28th February 2017

4,437

NET BOOK VALUE

At 28th February 2017

7,063

At 28th February 2016

8,309

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Trade debtors

6,248

22,669

Other debtors

85,342

79,127

91,590

101,796

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.17

28.2.16

£

£

Bank loans and overdrafts

34,545

18,698

Finance leases

320

4,153

Trade creditors

163,390

189,004

Taxation and social security

18,992

21,752

Other creditors

14,049

13,547

231,296

247,154

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.17

28.2.16

£

£

Amounts owed to group undertakings

767,839

836,451

8.

RESERVES

Revaluation

reserve

£

At 29th February 2016

and 28th February 2017

984,466

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

S A Stroud

Company director

The company is owed £37,130 from the director. There is no interest on the loan.

Mrs C A Stroud

Company director

The company is owed £12,450 from the director. There is no interest on the loan.