REGISTERED NUMBER: 04543353 (England and Wales)

Barby Sporting Limited

Unaudited Financial Statements

for the Year Ended 30 April 2018

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Chartered Accountants' Report

7

DIRECTORS:

Mr R G Coates

Mr D Morgan

Mr C S Sipos

SECRETARY:

Mr D Morgan

REGISTERED OFFICE:

4 Daventry Road

Dunchurch

Rugby

Warwickshire

CV22 6NS

REGISTERED NUMBER:

04543353 (England and Wales)

ACCOUNTANTS:

Astute Services Ltd

44-46 Regent Street

Rugby

Warwickshire

CV21 2PS

FIXED ASSETS

Tangible assets

4

142,586

137,299

CURRENT ASSETS

Stocks

6,758

6,985

Debtors

5

132,064

119,184

Cash at bank and in hand

10,587

5,705

149,409

131,874

CREDITORS

Amounts falling due within one year

6

(206,022

)

(221,172

)

NET CURRENT LIABILITIES

(56,613

)

(89,298

)

TOTAL ASSETS LESS CURRENT LIABILITIES

85,973

48,001

PROVISIONS FOR LIABILITIES

7

(4,518

)

(3,643

)

NET ASSETS

81,455

44,358

CAPITAL AND RESERVES

Called up share capital

8

999

999

Retained earnings

9

80,456

43,359

SHAREHOLDERS' FUNDS

81,455

44,358

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 7 January 2019 and were signed on its behalf by:

Mr D Morgan - Director

Mr R G Coates - Director

1.	STATUTORY INFORMATION

Barby Sporting 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.

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.

Plant and machinery

-

20% 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.

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.

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 16 (2017 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 May 2017

131,365

85,599

216,964

Additions

-

11,548

11,548

At 30 April 2018

131,365

97,147

228,512

DEPRECIATION

At 1 May 2017

13,825

65,840

79,665

Charge for year

-

6,261

6,261

At 30 April 2018

13,825

72,101

85,926

NET BOOK VALUE

At 30 April 2018

117,540

25,046

142,586

At 30 April 2017

117,540

19,759

137,299

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/18

30/4/17

£

£

Other debtors

132,064

119,184

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/4/18

30/4/17

£

£

Trade creditors

42,516

38,197

Taxation and social security

42,686

27,161

Other creditors

120,820

155,814

206,022

221,172

7.	PROVISIONS FOR LIABILITIES

30/4/18

30/4/17

£

£

Deferred tax

4,518

3,643

Deferred

tax

£

Balance at 1 May 2017

3,643

Provided during year

875

Balance at 30 April 2018

4,518

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/18

30/4/17

value:

£

£

999

Ordinary

1

999

999

9.

RESERVES

Retained

earnings

£

At 1 May 2017

43,359

Profit for the year

37,097

At 30 April 2018

80,456

10.	TRANSACTIONS WITH THE DIRECTORS

The company operates from land and buildings owned by the Coates and Morgan Partnership. This partnership

is made up of Mr R G Coates and Mr D Morgan who are directors of the company. During the period, the

company paid rent of £18,000 (2017 - £9,000) to the directors.

During the period, the company traded on a normal commercial basis with Coates and Morgan Limited, a

company controlled by Mr R G Coates and Mr D Morgan.

Other debtors include £130,,373 (2017 - £117,173) due to Coates and Morgan Limited. Other creditors include

£Nil (2014 - £Nil) due to Coates and Morgan Limited.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Barby Sporting Limited for the year ended 30 April 2018 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Barby Sporting Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Barby Sporting Limited and state those matters that we have agreed to state to the Board of Directors of Barby Sporting Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Barby Sporting Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Barby Sporting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Barby Sporting Limited. You consider that Barby Sporting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Barby Sporting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Astute Services Ltd

44-46 Regent Street

Rugby

Warwickshire

CV21 2PS

Date: .............................................