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COMPANY REGISTRATION NUMBER: 08160820
ANGELA BARRACLOUGH LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
ANGELA BARRACLOUGH LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
ANGELA BARRACLOUGH LIMITED
BALANCE SHEET
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
180,000
180,000
Current assets
Debtors
5
295
255
Cash at bank and in hand
19,015
10,055
------------
------------
19,310
10,310
Creditors: amounts falling due within one year
6
( 37,948)
( 32,369)
------------
------------
Net current liabilities
( 18,638)
( 22,059)
------------
------------
Total assets less current liabilities
161,362
157,941
------------
------------
Net assets
161,362
157,941
------------
------------
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
161,262
157,841
------------
------------
Shareholders funds
161,362
157,941
------------
------------
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 profit and loss account has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 October 2023 , and are signed on behalf of the board by:
A Dallas
Director
Company registration number: 08160820
ANGELA BARRACLOUGH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2023
1. General information
The company is a private company limited by shares, registered in England and Wales, company number 08160820 . The address of the registered office is 5A Chapel Lane, Golcar, Huddersfield, HD7 4HZ.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
33% straight line
FRS102 requires that investment property whose fair value can be measured reliably and on an on-going basis be measured at fair value in accordance with section 16 of FRS 102. All other investment property is to be accounted for as property, plant and equipment in accordance with Section 17 of FRS 102. The directors consider that to comply with the requirements to measure investment property held by the company at fair value on an on-going basis would involve unjustifiable expense and that to account for such properties as property, plant & equipment with depreciation applied would not correctly reflect the nature of property held in a good state of repair. Investment properties therefore continued to be stated at cost.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.
4. Tangible assets
Land and buildings
Office equipment
Total
£
£
£
Cost
At 1 April 2022 and 31 March 2023
180,000
2,919
182,919
------------
------------
------------
Depreciation
At 1 April 2022 and 31 March 2023
2,919
2,919
------------
------------
------------
Carrying amount
At 31 March 2023
180,000
180,000
------------
------------
------------
At 31 March 2022
180,000
180,000
------------
------------
------------
5. Debtors
2023
2022
£
£
Prepayments and accrued income
295
255
------------
------------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
314
Accruals and deferred income
1,141
1,141
Corporation tax
1,723
1,735
Directors loan account
34,770
29,493
------------
------------
37,948
32,369
------------
------------
7. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
8. Related party transactions
Transactions with the directors The directors' loan account of £34,770 (2022: £29,493) set out in creditors above is unsecured, repayable on demand and currently interest free.