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REGISTERED NUMBER: 05711498 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Barracuda Shop Fitting Limited

Barracuda Shop Fitting Limited (Registered number: 05711498)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barracuda Shop Fitting Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: J S Grant
D V Cressey





REGISTERED OFFICE: 69 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY





REGISTERED NUMBER: 05711498 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
69 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Barracuda Shop Fitting Limited (Registered number: 05711498)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 63,752 70,996
Tangible assets 5 18,717 28,948
82,469 99,944

CURRENT ASSETS
Stocks 40,000 300,630
Debtors 6 25,455 111,519
Cash at bank and in hand 77,217 93,296
142,672 505,445
CREDITORS
Amounts falling due within one year 7 318,853 442,961
NET CURRENT (LIABILITIES)/ASSETS (176,181 ) 62,484
TOTAL ASSETS LESS CURRENT
LIABILITIES

(93,712

)

162,428

CREDITORS
Amounts falling due after more than one year 8 (2,254 ) (11,129 )

PROVISIONS FOR LIABILITIES (3,365 ) (5,267 )
NET (LIABILITIES)/ASSETS (99,331 ) 146,032

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (99,333 ) 146,030
SHAREHOLDERS' FUNDS (99,331 ) 146,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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.

Barracuda Shop Fitting Limited (Registered number: 05711498)

Balance Sheet - continued
31 March 2018


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 8 November 2018 and were signed on its behalf by:





D V Cressey - Director


Barracuda Shop Fitting Limited (Registered number: 05711498)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Barracuda Shop Fitting Limited 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.

Changes in accounting policies
These financial statements for the year ended 31 March 2016 are the first financial statements that comply with the
FRS 102 Section 1A small entities. The date of transition is 1 April 2014.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
The directors have chosen to re-evaluate the useful economic life of goodwill down to 10 years from the start of the
current period. Goodwill was previously estimated to be 20 years from 2007.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less
any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Inventories
Work in progress is valued at the lower of cost and estimated selling price less costs to sell.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.


Barracuda Shop Fitting Limited (Registered number: 05711498)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 144,890
AMORTISATION
At 1 April 2017 73,894
Charge for year 7,244
At 31 March 2018 81,138
NET BOOK VALUE
At 31 March 2018 63,752
At 31 March 2017 70,996

Barracuda Shop Fitting Limited (Registered number: 05711498)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2017 25,489 34,387 9,686 69,562
Additions 1,628 - 499 2,127
At 31 March 2018 27,117 34,387 10,185 71,689
DEPRECIATION
At 1 April 2017 6,865 26,821 6,928 40,614
Charge for year 6,429 3,487 2,442 12,358
At 31 March 2018 13,294 30,308 9,370 52,972
NET BOOK VALUE
At 31 March 2018 13,823 4,079 815 18,717
At 31 March 2017 18,624 7,566 2,758 28,948

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 12,546 109,519
Other debtors 12,909 2,000
25,455 111,519

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Bank loans and overdrafts 8,875 8,322
Trade creditors 170,701 245,841
Taxation and social security 87,736 131,153
Other creditors 51,541 57,645
318,853 442,961

Within Other Creditors there is an unsecured loan which is repayable on demand. The amount due at the balance
sheet date is £15,000.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.18 31.3.17
£    £   
Bank loans 2,254 11,129

Barracuda Shop Fitting Limited (Registered number: 05711498)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.18 31.3.17
£    £   
Bank loans 11,129 19,451

10. FINANCIAL INSTRUMENTS

HSBC hold a fixed and floating charge over all assets of the company.

11. OTHER FINANCIAL COMMITMENTS

The company had total commitments not shown on the balance sheet at the date of the balance sheet of £22,466

12. RELATED PARTY DISCLOSURES

During the year the directors received no dividends (2017: £114,000) and had loans written off of £80,000

13. ULTIMATE CONTROLLING PARTY

The controlling party is D V Cressey.

The ultimate controlling party is considered to be the directors, J Grant and D Cressey, by virtue of their
shareholdings.