Registered Number 02871713

NEWBARN LIMITED

Abbreviated Accounts

30 April 2015

NEWBARN LIMITED Registered Number 02871713

Abbreviated Balance Sheet as at 30 April 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 1,256,688 1,270,685
1,256,688 1,270,685
Current assets
Debtors 13,850 -
Cash at bank and in hand 43,866 3,512
57,716 3,512
Creditors: amounts falling due within one year (163,431) (197,851)
Net current assets (liabilities) (105,715) (194,339)
Total assets less current liabilities 1,150,973 1,076,346
Creditors: amounts falling due after more than one year (795,332) (809,379)
Total net assets (liabilities) 355,641 266,967
Capital and reserves
Called up share capital 3 36,000 36,000
Profit and loss account 319,641 230,967
Shareholders' funds 355,641 266,967
  • For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 January 2016

And signed on their behalf by:
Mr K D Burke, Director

NEWBARN LIMITED Registered Number 02871713

Notes to the Abbreviated Accounts for the period ended 30 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to the customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant & Equipment 20% on written down value
Land & Buildings 2% pa on cost

Other accounting policies
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2Tangible fixed assets
£
Cost
At 1 May 2014 1,560,792
Additions 25,209
Disposals -
Revaluations -
Transfers -
At 30 April 2015 1,586,001
Depreciation
At 1 May 2014 290,107
Charge for the year 39,206
On disposals -
At 30 April 2015 329,313
Net book values
At 30 April 2015 1,256,688
At 30 April 2014 1,270,685
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
36,000 Ordinary shares of £1 each 36,000 36,000