1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 89,885 xbrli:pure xbrli:shares iso4217:GBP 08434944 2022-04-01 2023-03-31 08434944 2023-03-31 08434944 2022-03-31 08434944 2021-04-01 2022-03-31 08434944 2022-03-31 08434944 2021-03-31 08434944 core:LandBuildings core:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08434944 core:PlantMachinery 2022-04-01 2023-03-31 08434944 core:FurnitureFittings 2022-04-01 2023-03-31 08434944 core:MotorVehicles 2022-04-01 2023-03-31 08434944 bus:Director1 2022-04-01 2023-03-31 08434944 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 08434944 core:PlantMachinery 2022-03-31 08434944 core:FurnitureFittings 2022-03-31 08434944 core:MotorVehicles 2022-03-31 08434944 core:MotorVehicles 2023-03-31 08434944 core:WithinOneYear 2023-03-31 08434944 core:WithinOneYear 2022-03-31 08434944 core:ShareCapital 2023-03-31 08434944 core:ShareCapital 2022-03-31 08434944 core:SharePremium 2023-03-31 08434944 core:SharePremium 2022-03-31 08434944 core:RetainedEarningsAccumulatedLosses 2023-03-31 08434944 core:RetainedEarningsAccumulatedLosses 2022-03-31 08434944 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 08434944 core:PlantMachinery 2022-03-31 08434944 core:FurnitureFittings 2022-03-31 08434944 core:MotorVehicles 2022-03-31 08434944 bus:SmallEntities 2022-04-01 2023-03-31 08434944 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 08434944 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 08434944 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08434944 bus:FullAccounts 2022-04-01 2023-03-31 08434944 core:OfficeEquipment 2022-04-01 2023-03-31 08434944 core:OfficeEquipment 2022-03-31 08434944 core:KeyManagementIndividualGroup1 2022-04-01 2023-03-31 08434944 core:KeyManagementIndividualGroup1 2023-03-31 08434944 core:KeyManagementIndividualGroup1 2022-03-31
COMPANY REGISTRATION NUMBER: 08434944
BARMBYFIELD BARNS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2023
BARMBYFIELD BARNS LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2023
2023
2022
Note
£
£
£
FIXED ASSETS
Tangible assets
5
2,862
85,500
CURRENT ASSETS
Stocks
2,108
Debtors
6
124,492
15,248
Cash at bank and in hand
247,351
239,631
----------
----------
371,843
256,987
CREDITORS: amounts falling due within one year
7
107,289
163,227
----------
----------
NET CURRENT ASSETS
264,554
93,760
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
267,416
179,260
PROVISIONS
6,927
6,927
----------
----------
NET ASSETS
260,489
172,333
----------
----------
CAPITAL AND RESERVES
Called up share capital
101
101
Share premium account
1,199
1,199
Profit and loss account
259,189
171,033
----------
----------
SHAREHOLDERS FUNDS
260,489
172,333
----------
----------
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 statement of income and retained earnings 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.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BARMBYFIELD BARNS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 11 October 2023 , and are signed on behalf of the board by:
Mr R P Bartram
Director
Company registration number: 08434944
BARMBYFIELD BARNS 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. The address of the registered office is Eythorne House, 44 Garths End, Pocklington, York, YO42 2JA.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) 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.
(b) Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
(c) Current & deferred tax
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.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
(e) 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:
Freehold property
-
10% straight line
Plant and machinery
-
20% straight line
Fixtures and fittings
-
20% reducing balance
Motor vehicles
-
20% reducing balance
Equipment
-
20% reducing balance
(f) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(g) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 (2022: 2 ).
5. TANGIBLE ASSETS
Freehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
£
Cost
At 1 Apr 2022
109,460
70,158
46,538
6,989
1,928
235,073
Disposals
( 109,460)
( 70,158)
( 46,538)
( 1,928)
( 228,084)
----------
--------
--------
-------
-------
----------
At 31 Mar 2023
6,989
6,989
----------
--------
--------
-------
-------
----------
Depreciation
At 1 Apr 2022
60,416
64,967
19,357
3,411
1,422
149,573
Charge for the year
716
716
Disposals
( 60,416)
( 64,967)
( 19,357)
( 1,422)
( 146,162)
----------
--------
--------
-------
-------
----------
At 31 Mar 2023
4,127
4,127
----------
--------
--------
-------
-------
----------
Carrying amount
At 31 Mar 2023
2,862
2,862
----------
--------
--------
-------
-------
----------
At 31 Mar 2022
49,044
5,191
27,181
3,578
506
85,500
----------
--------
--------
-------
-------
----------
6. DEBTORS
2023
2022
£
£
Trade debtors
124,327
14,973
Other debtors
165
275
----------
--------
124,492
15,248
----------
--------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Corporation tax
14,867
5,158
Social security and other taxes
3,427
Directors loan account
90,272
89,885
Shareholders loan account
4,366
Other creditors
2,150
60,391
----------
----------
107,289
163,227
----------
----------
8. RELATED PARTY TRANSACTIONS
During the year the directors made available loans to the company. The loans are interest free and repayable on demand. At the year end date the balance due to the directors totalled £ 90,272 (2022 - £ 89,885 ).