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REGISTERED NUMBER: 01713510 (England and Wales)










Unaudited Financial Statements

For The Year Ended 31 March 2023

for

Barrs Court Engineering Limited

Barrs Court Engineering Limited (Registered number: 01713510)






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


Barrs Court Engineering Limited

Company Information
For The Year Ended 31 March 2023







DIRECTOR: T J Kinnaird





REGISTERED OFFICE: Barrs Court
Netherwood Road
Rotherwas Industrial Estate
Hereford
Herefordshire
HR2 6JU





REGISTERED NUMBER: 01713510 (England and Wales)





ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

Barrs Court Engineering Limited (Registered number: 01713510)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 345,294 356,711

CURRENT ASSETS
Stocks 40,200 40,200
Debtors 5 260,716 155,479
Cash at bank 87,998 13,810
388,914 209,489
CREDITORS
Amounts falling due within one year 6 314,295 153,727
NET CURRENT ASSETS 74,619 55,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,913

412,473

CREDITORS
Amounts falling due after more than one
year

7

(165,504

)

(206,171

)

PROVISIONS FOR LIABILITIES (11,997 ) (5,308 )
NET ASSETS 242,412 200,994

CAPITAL AND RESERVES
Called up share capital 9 30 30
Revaluation reserve 10 46,975 46,975
Retained earnings 195,407 153,989
SHAREHOLDERS' FUNDS 242,412 200,994

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 director acknowledges his 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.

Barrs Court Engineering Limited (Registered number: 01713510)

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 director and authorised for issue on 9 November 2023 and were signed by:





T J Kinnaird - Director


Barrs Court Engineering Limited (Registered number: 01713510)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Barrs Court Engineering 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.

The director considers that in preparing the financial statements they have taken into account all information available, and on this basis the financial statements are prepared on a going concern basis.

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.
Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

At 31 March 2014 the directors reviewed the value of the Plant & Machinery and Fixtures & Fittings and in order to reflect a true and fair value in the financial statements these assets were revalued at open market value.

Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets and liabilities
Basic financial assets, which include trade and other debtors and cash and bank balances, are measured at transaction price including transaction costs.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. The impairment loss is recognised in profit or loss.

Basic financial liabilities, including trade and other creditors are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year. If not, they are presented as creditors falling due after more than one year.

Barrs Court Engineering Limited (Registered number: 01713510)

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

2. ACCOUNTING POLICIES - continued

Financial liabilities are derecognised when, and only when, the company's obligations are discharged, cancelled, or they expire.

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.

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 9 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2022 930,542 33,407 16,589 980,538
Additions 10,402 32,592 - 42,994
At 31 March 2023 940,944 65,999 16,589 1,023,532
DEPRECIATION
At 1 April 2022 579,097 29,269 15,461 623,827
Charge for year 53,101 1,028 282 54,411
At 31 March 2023 632,198 30,297 15,743 678,238
NET BOOK VALUE
At 31 March 2023 308,746 35,702 846 345,294
At 31 March 2022 351,445 4,138 1,128 356,711

Barrs Court Engineering Limited (Registered number: 01713510)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 258,904 153,623
Other debtors 1,812 1,856
260,716 155,479

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 26,743 32,092
Trade creditors 212,734 66,967
Taxation and social security 25,858 22,804
Other creditors 38,960 21,864
314,295 153,727

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 27,500 32,500
Hire purchase contracts 121,888 143,281
Other creditors 16,116 30,390
165,504 206,171

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Other loans 30,390 44,664

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
30 Ordinary £1 30 30

10. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 46,975

Barrs Court Engineering Limited (Registered number: 01713510)

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

11. ULTIMATE CONTROLLING PARTY

By virtue of his shareholding in the ultimate parent company, T Kinnaird is the ultimate controlling party of Barrs Court Engineering Limited.