Barry Alcock Limited 05710240 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is sales agent. Digita Accounts Production Advanced 6.30.9574.0 true 05710240 2022-04-01 2023-03-31 05710240 2023-03-31 05710240 core:RetainedEarningsAccumulatedLosses 2023-03-31 05710240 core:ShareCapital 2023-03-31 05710240 core:CurrentFinancialInstruments 2023-03-31 05710240 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05710240 core:Goodwill 2023-03-31 05710240 core:OtherPropertyPlantEquipment 2023-03-31 05710240 bus:SmallEntities 2022-04-01 2023-03-31 05710240 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05710240 bus:FullAccounts 2022-04-01 2023-03-31 05710240 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 05710240 bus:RegisteredOffice 2022-04-01 2023-03-31 05710240 bus:Director1 2022-04-01 2023-03-31 05710240 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05710240 core:Goodwill 2022-04-01 2023-03-31 05710240 core:PlantMachinery 2022-04-01 2023-03-31 05710240 countries:EnglandWales 2022-04-01 2023-03-31 05710240 2022-03-31 05710240 core:Goodwill 2022-03-31 05710240 core:OtherPropertyPlantEquipment 2022-03-31 05710240 2021-04-01 2022-03-31 05710240 2022-03-31 05710240 core:RetainedEarningsAccumulatedLosses 2022-03-31 05710240 core:ShareCapital 2022-03-31 05710240 core:CurrentFinancialInstruments 2022-03-31 05710240 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 05710240

Barry Alcock Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Barry Alcock Limited

Contents

Statement of Income and Retained Earnings

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Barry Alcock Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 March 2023

Note

2023
£

2022
£

Turnover

 

70,367

81,462

Administrative expenses

 

(28,946)

(35,369)

Other operating income

 

-

838

Operating profit

 

41,421

46,931

Interest payable and similar charges

 

(76)

-

 

(76)

-

Profit before tax

41,345

46,931

Taxation

 

(7,858)

(8,917)

Profit for the financial year

 

33,487

38,014

Retained earnings brought forward

 

6,922

19,908

Dividends paid

 

(30,000)

(51,000)

Retained earnings carried forward

 

10,409

6,922

 

Barry Alcock Limited

(Registration number: 05710240)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

6

3,983

3,594

Cash at bank and in hand

 

16,685

14,293

 

20,668

17,887

Creditors: Amounts falling due within one year

7

(10,159)

(10,865)

Net assets

 

10,509

7,022

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

10,409

6,922

Shareholders' funds

 

10,509

7,022

For the financial 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Director's Report has been taken.

Approved and authorised by the director on 12 October 2023
 

.........................................
Mr BE Alcock
Director

 

Barry Alcock Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Gadwall Croft
Newcastle
Staffordshire
ST5 2GL
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Government grants

Government Grants are recognised using the accrual model. Grants which relate to revenue shall be
recognised in other operating income on a systematic basis over the periods in which the company recognises
the related costs for which the grant is intended to compensate.
Any amounts outstanding at the year end will be included within other debtors.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% on straight line

 

Barry Alcock Limited

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

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

Barry Alcock Limited

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2022

10,000

10,000

At 31 March 2023

10,000

10,000

Amortisation

At 1 April 2022

10,000

10,000

At 31 March 2023

10,000

10,000

Carrying amount

At 31 March 2023

-

-

5

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

3,737

3,737

At 31 March 2023

3,737

3,737

Depreciation

At 1 April 2022

3,737

3,737

At 31 March 2023

3,737

3,737

Carrying amount

At 31 March 2023

-

-

6

Debtors

2023
£

2022
£

Trade debtors

3,983

3,594

3,983

3,594

 

Barry Alcock Limited

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

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

8,445

9,148

Accruals and deferred income

1,056

1,020

Other creditors

658

697

10,159

10,865