0 false false false false false false false false false true false false false false false false No description of principal activity 2021-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 318,590 318,590 318,590 xbrli:pure xbrli:shares iso4217:GBP 08457595 2021-04-01 2022-03-31 08457595 2022-03-31 08457595 2021-03-31 08457595 bus:Director1 2021-04-01 2022-03-31 08457595 core:AfterOneYear 2022-03-31 08457595 core:AfterOneYear 2021-03-31 08457595 core:WithinOneYear 2022-03-31 08457595 core:WithinOneYear 2021-03-31 08457595 core:ShareCapital 2022-03-31 08457595 core:ShareCapital 2021-03-31 08457595 core:RetainedEarningsAccumulatedLosses 2022-03-31 08457595 core:RetainedEarningsAccumulatedLosses 2021-03-31 08457595 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 08457595 core:LandBuildings core:OwnedOrFreeholdAssets 2021-03-31 08457595 bus:SmallEntities 2021-04-01 2022-03-31 08457595 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 08457595 bus:FullAccounts 2021-04-01 2022-03-31 08457595 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 08457595 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
COMPANY REGISTRATION NUMBER: 08457595
W B Barr Ltd
Filleted Unaudited Financial Statements
31 March 2022
W B Barr Ltd
Statement of Financial Position
31 March 2022
2022
2021
Note
£
£
Fixed assets
Tangible assets
4
318,590
318,590
Current assets
Cash at bank and in hand
2,036
3,396
Creditors: amounts falling due within one year
5
88,811
89,667
--------
--------
Net current liabilities
86,775
86,271
---------
---------
Total assets less current liabilities
231,815
232,319
Creditors: amounts falling due after more than one year
6
179,830
179,830
---------
---------
Net assets
51,985
52,489
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
51,885
52,389
--------
--------
Shareholders funds
51,985
52,489
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
W B Barr Ltd
Statement of Financial Position (continued)
31 March 2022
These financial statements were approved by the board of directors and authorised for issue on 17 August 2022 , and are signed on behalf of the board by:
Mr J Barr
Director
Company registration number: 08457595
W B Barr Ltd
Notes to the Financial Statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 26 Kingsland Road, Hemel Hempstead, Hertfordshire, HP1 1QE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets
Freehold property
£
Cost
At 1 April 2021 and 31 March 2022
318,590
---------
Depreciation
At 1 April 2021 and 31 March 2022
---------
Carrying amount
At 31 March 2022
318,590
---------
At 31 March 2021
318,590
---------
5. Creditors: amounts falling due within one year
2022
2021
£
£
Other creditors
88,811
89,667
--------
--------
6. Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
179,830
179,830
---------
---------