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REGISTERED NUMBER: 07553257 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30th April 2023

for

Barkers Accountants Limited
T/A
Barker & Co

Barkers Accountants Limited (Registered number: 07553257)
T/A Barker & Co






Contents of the Financial Statements
for the Year Ended 30th April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barkers Accountants Limited
T/A Barker & Co

Company Information
for the Year Ended 30th April 2023







DIRECTOR: C A Dexter





SECRETARY: L C Knowles





REGISTERED OFFICE: Watling Offices
Smockington Lane
Wolvey
Hinckley
Leicestershire
LE10 3AY





REGISTERED NUMBER: 07553257 (England and Wales)






Barkers Accountants Limited (Registered number: 07553257)
T/A Barker & Co

Balance Sheet
30th April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 131,848 150,164
Tangible assets 5 480,197 8,315
612,045 158,479

CURRENT ASSETS
Stocks 92,570 94,578
Debtors 6 66,884 55,171
Cash at bank and in hand 107,969 247,162
267,423 396,911
CREDITORS
Amounts falling due within one year 7 112,143 108,123
NET CURRENT ASSETS 155,280 288,788
TOTAL ASSETS LESS CURRENT
LIABILITIES

767,325

447,267

CREDITORS
Amounts falling due after more than one
year

8

(294,870

)

-

PROVISIONS FOR LIABILITIES (3,500 ) (2,000 )
NET ASSETS 468,955 445,267

CAPITAL AND RESERVES
Called up share capital 10 10,001 10,001
Share premium 340,000 340,000
Retained earnings 118,954 95,266
SHAREHOLDERS' FUNDS 468,955 445,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Barkers Accountants Limited (Registered number: 07553257)
T/A Barker & Co

Balance Sheet - continued
30th April 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 21st November 2023 and were signed by:





C A Dexter - Director


Barkers Accountants Limited (Registered number: 07553257)
T/A Barker & Co

Notes to the Financial Statements
for the Year Ended 30th April 2023

1. STATUTORY INFORMATION

Barkers Accountants 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 represents net invoiced fees for professional services excluding value added tax.

Goodwill
Goodwill, being amounts paid in connection with the acquisition of businesses are separately being amortised evenly over their estimated useful life of 19 years and 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 25% on reducing balance

Stocks
Work in progress is valued at net realisable value.

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.

Barkers Accountants Limited (Registered number: 07553257)
T/A Barker & Co

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2022
and 30th April 2023 347,650
AMORTISATION
At 1st May 2022 197,486
Amortisation for year 18,316
At 30th April 2023 215,802
NET BOOK VALUE
At 30th April 2023 131,848
At 30th April 2022 150,164

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1st May 2022 - 31,956 31,956
Additions 462,000 13,331 475,331
Disposals - (4,928 ) (4,928 )
At 30th April 2023 462,000 40,359 502,359
DEPRECIATION
At 1st May 2022 - 23,641 23,641
Charge for year - 2,539 2,539
Eliminated on disposal - (4,018 ) (4,018 )
At 30th April 2023 - 22,162 22,162
NET BOOK VALUE
At 30th April 2023 462,000 18,197 480,197
At 30th April 2022 - 8,315 8,315

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 60,335 47,083
Prepayments 6,549 8,088
66,884 55,171

Barkers Accountants Limited (Registered number: 07553257)
T/A Barker & Co

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Mortgage 28,000 -
Trade creditors 17,094 8,317
Corporation tax 15,700 21,700
Other creditors 3,251 2,939
Social security and other taxes 29,370 29,027
Directors' current accounts 14,190 35,800
Accrued expenses 4,538 10,340
112,143 108,123

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Mortgage - 2-5 years 112,000 -
Mortgage over 5 years 182,870 -
294,870 -

Amounts falling due in more than five years:

Repayable by instalments
Mortgage over 5 years 182,870 -

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgage 332,870 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,001 Ordinary £1 10,001 10,001

5,000 'A' Shares
5,001 'B' Shares

Barkers Accountants Limited (Registered number: 07553257)
T/A Barker & Co

Notes to the Financial Statements - continued
for the Year Ended 30th April 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following transactions with director subsisted during the year:

£   
Draw down of dividend37,850
Private expenses paid by company1,802
Interest charged to company(2,242)


Interest was charged to the company by the Director and Shareholders on their loans to the company at 7% per annum. £3,064 (2021 £3,265)