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REGISTERED NUMBER: 00976370 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Barford Sculptures Limited

Barford Sculptures Limited (Registered number: 00976370)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barford Sculptures Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P G Caro
B J Caro





REGISTERED OFFICE: 38A Georgiana Street
Camden
NW1 OEB





REGISTERED NUMBER: 00976370 (England and Wales)





ACCOUNTANTS: MABCO Ltd T/A Maurice Braganza & Co
19 Lewis Road
Richmond
Surrey
TW10 6SA

Barford Sculptures Limited (Registered number: 00976370)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,312,739 3,416,169
Investments 5 185,302 185,302
3,498,041 3,601,471

CURRENT ASSETS
Stocks 324,169 324,169
Debtors 6 72,750 694,643
Investments 7 703,735 564,472
Cash at bank 610,432 388,990
1,711,086 1,972,274
CREDITORS
Amounts falling due within one year 8 109,048 201,625
NET CURRENT ASSETS 1,602,038 1,770,649
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,100,079

5,372,120

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 5,099,969 5,372,010
5,100,079 5,372,120

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Barford Sculptures Limited (Registered number: 00976370)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 28 September 2023 and were signed on its behalf by:





P G Caro - Director


Barford Sculptures Limited (Registered number: 00976370)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Barford Sculptures 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Buildings - 2% on cost
Improvements to property - Straight line over 15 years
Plant and machinery - 20% on reducing balance
Fixtures and fittings - at variable rates 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Barford Sculptures Limited (Registered number: 00976370)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Short to
Buildings leasehold property
£    £    £   
COST
At 1 April 2022 4,295,346 10,413 114,797
Additions - - -
At 31 March 2023 4,295,346 10,413 114,797
DEPRECIATION
At 1 April 2022 1,002,749 10,413 45,291
Charge for year 85,907 - 7,653
At 31 March 2023 1,088,656 10,413 52,944
NET BOOK VALUE
At 31 March 2023 3,206,690 - 61,853
At 31 March 2022 3,292,597 - 69,506

Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 331,952 215,854 4,968,362
Additions - 1,414 1,414
At 31 March 2023 331,952 217,268 4,969,776
DEPRECIATION
At 1 April 2022 287,912 205,828 1,552,193
Charge for year 8,808 2,476 104,844
At 31 March 2023 296,720 208,304 1,657,037
NET BOOK VALUE
At 31 March 2023 35,232 8,964 3,312,739
At 31 March 2022 44,040 10,026 3,416,169

Barford Sculptures Limited (Registered number: 00976370)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.23 31.3.22
£    £   
Works of art 185,302 185,302

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 57,000 586,382
Other debtors - 370
Tax - 88,804
Prepayments and accrued income 15,750 19,087
72,750 694,643

7. CURRENT ASSET INVESTMENTS
31.3.23 31.3.22
£    £   
Listed investments 703,735 564,472

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 20,801 27,325
VAT 2,036 88,818
Sundry creditors 1,314 713
Client Rent deposit 33,282 33,209
Accruals and deferred income 35,600 35,600
Accrued expenses 16,015 15,960
109,048 201,625