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Registration number: 06068107

Barker Project Management Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Barker Project Management Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Barker Project Management Ltd

(Registration number: 06068107)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

18,504

23,104

Current assets

 

Stocks

5

56,121

56,121

Debtors

6

300

13,508

Cash at bank and in hand

 

206

760

 

56,627

70,389

Creditors: Amounts falling due within one year

7

(8,952)

(8,610)

Net current assets

 

47,675

61,779

Total assets less current liabilities

 

66,179

84,883

Creditors: Amounts falling due after more than one year

7

(14,135)

(19,040)

Net assets

 

52,044

65,843

Capital and reserves

 

Called up share capital

1

1

Retained earnings

52,043

65,842

Shareholders' funds

 

52,044

65,843

 

Barker Project Management Ltd

(Registration number: 06068107)
Balance Sheet as at 31 March 2023

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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 October 2023
 

.........................................
S J Barker
Director

 

Barker Project Management Ltd

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:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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

Fixtures and fittings

25% reducing balance basis

Office equipment

33% straight line basis

Leasehold improvements

10% straight line basis

Plant and machinery

25% reducing balance basis

Motor vehicles

25% reducing balance basis

 

Barker Project Management Ltd

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Barker Project Management Ltd

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

4

Tangible assets

Property improvements
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2022

30,230

6,567

1,358

13,671

51,826

At 31 March 2023

30,230

6,567

1,358

13,671

51,826

Depreciation

At 1 April 2022

14,030

3,374

1,324

9,994

28,722

Charge for the year

1,693

798

8

2,101

4,600

At 31 March 2023

15,723

4,172

1,332

12,095

33,322

Carrying amount

At 31 March 2023

14,507

2,395

26

1,576

18,504

At 31 March 2022

16,200

3,193

34

3,677

23,104

 

Barker Project Management Ltd

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

5

Stocks

2023
£

2022
£

Other inventories

56,121

56,121

6

Debtors

Current

2023
£

2022
£

Other debtors

300

13,508

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Loans and borrowings

4,904

4,783

Taxation and social security

1,948

1,727

Other creditors

2,100

2,100

8,952

8,610

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

14,135

19,040

8

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

4,904

4,783

 

Barker Project Management Ltd

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

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

14,135

19,040

9

Related party transactions

Other transactions with the director

S Barker had a loan with the company. At the balance sheet date the amount due from S Barker was £300 (2022: £13,508).