Registered number
10701852
D Barry Solutions Ltd
Filleted Accounts
31 March 2022
D Barry Solutions Ltd
Registered number: 10701852
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 3,174 5,582
Current assets
Debtors 4 19,697 30,047
Investments held as current assets 5 50 50
Cash at bank and in hand 385 2,906
20,132 33,003
Creditors: amounts falling due within one year 6 (5,567) (17,829)
Net current assets 14,565 15,174
Total assets less current liabilities 17,739 20,756
Creditors: amounts falling due after more than one year 7 (16,500) (18,333)
Provisions for liabilities - (1,061)
Net assets 1,239 1,362
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,139 1,262
Shareholders' funds 1,239 1,362
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Barry
Director
Approved by the board on 19 July 2022
D Barry Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2021 12,039
At 31 March 2022 12,039
Depreciation
At 1 April 2021 6,457
Charge for the year 2,408
At 31 March 2022 8,865
Net book value
At 31 March 2022 3,174
At 31 March 2021 5,582
4 Debtors 2022 2021
£ £
Other debtors 19,697 30,047
5 Investments held as current assets 2022 2021
£ £
Fair value
Unlisted investments 50 50
6 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 4,400 3,667
Taxation and social security costs - 13,503
Other creditors 1,167 659
5,567 17,829
7 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 16,500 18,333
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
D Barry
Directors Loan Account 10,840 26,348 (29,813) 7,375
A Barry
Directors Loan Account 10,839 26,349 (29,813) 7,375
21,679 52,697 (59,626) 14,750
9 Related party transactions
At the balance sheet date, £4,760 was due to the company from North Star Projects Ltd, a company in which Mr Barry is a director.
10 Controlling party
The company is controlled by the company directors, Mr D Barry and Mrs A Barry, by virtue of their shareholding.
11 Other information
D Barry Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
12 Granary Wharf Business Park
Wetmore Road
Burton on Trent
Staffordshire
DE14 1DU
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