The Barbership Limited - Accounts to registrar (filleted) - small 18.1

The Barbership Limited - Accounts to registrar (filleted) - small 18.1


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REGISTERED NUMBER: 09823722















Unaudited Financial Statements for the Year Ended 30 September 2017

for

The Barbership Limited

The Barbership Limited (Registered number: 09823722)






Contents of the Financial Statements
for the Year Ended 30 September 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Barbership Limited

Company Information
for the Year Ended 30 September 2017







DIRECTORS: Steven Ashton
Tony Andrew Wood





REGISTERED OFFICE: Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX





BUSINESS ADDRESS: 44 Castle Road
Southsea
Portsmouth
Hampshire
PO5 3DE





REGISTERED NUMBER: 09823722





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

The Barbership Limited (Registered number: 09823722)

Balance Sheet
30 September 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,505 5,249

CURRENT ASSETS
Stocks 5 620 850
Cash at bank and in hand 2,079 10,465
2,699 11,315
CREDITORS
Amounts falling due within one year 6 28,897 11,873
NET CURRENT LIABILITIES (26,198 ) (558 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,307

4,691

PROVISIONS FOR LIABILITIES 748 1,050
NET ASSETS 2,559 3,641

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,557 3,639
SHAREHOLDERS' FUNDS 2,559 3,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Barbership Limited (Registered number: 09823722)

Balance Sheet - continued
30 September 2017


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 28 June 2018and were
signed on its behalf by:





Tony Andrew Wood- Director


The Barbership Limited (Registered number: 09823722)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

The Barbership Limited is a private company, limited by shares, registered in Not
specified/Other. 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 30 September 2017 are the first that are
prepared in accordance with FRS 102 Section 1A. The previous financial statements were
prepared in accordance with UK GAAP, the date of transition to FRS 102 Section 1A is
14 October 2015.

Turnover
Turnover 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

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

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.


The Barbership Limited (Registered number: 09823722)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4(2016 - 4) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 October 2016 - 7,000 7,000
Additions 25,570 - 25,570
At 30 September 2017 25,570 7,000 32,570
DEPRECIATION
At 1 October 2016 - 1,751 1,751
Charge for year - 1,314 1,314
At 30 September 2017 - 3,065 3,065
NET BOOK VALUE
At 30 September 2017 25,570 3,935 29,505
At 30 September 2016 - 5,249 5,249

5. STOCKS
30.9.17 30.9.16
£    £   
Stocks 620 850

The Barbership Limited (Registered number: 09823722)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Trade creditors 1 2,032
Social security and other taxes 2,062 545
Wages control - 2,663
Directors' current accounts 22,190 5,313
Accrued expenses 4,644 1,320
28,897 11,873

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is an amount due to the director of £22,190 (2016 - £5,313). This loan
is interest free, undated, unsecured and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

No one has a controlling interest in the company.