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REGISTERED NUMBER: 01380798 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

BARRIE JONES (UPHOLSTERERS) LIMITED

BARRIE JONES (UPHOLSTERERS) LIMITED (REGISTERED NUMBER: 01380798)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARRIE JONES (UPHOLSTERERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: I Walker





REGISTERED OFFICE: Barrie Jones House
Kay Street
Openshaw
Manchester
M11 2DU





REGISTERED NUMBER: 01380798 (England and Wales)





ACCOUNTANTS: Daggett and Company
Chartered Accountants
Parkway House
Palatine Road
Northenden
Manchester
M22 4DB

BARRIE JONES (UPHOLSTERERS) LIMITED (REGISTERED NUMBER: 01380798)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 458,131 478,261

CURRENT ASSETS
Stocks 5 10,048 10,104
Debtors 6 167,440 132,356
Cash at bank and in hand 209,749 205,083
387,237 347,543
CREDITORS
Amounts falling due within one year 7 242,221 192,569
NET CURRENT ASSETS 145,016 154,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

603,147

633,235

CREDITORS
Amounts falling due after more than one
year

8

(17,625

)

(27,433

)

PROVISIONS FOR LIABILITIES (4,219 ) (5,483 )
NET ASSETS 581,303 600,319

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Retained earnings 561,303 580,319
SHAREHOLDERS' FUNDS 581,303 600,319

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

BARRIE JONES (UPHOLSTERERS) LIMITED (REGISTERED NUMBER: 01380798)

BALANCE SHEET - continued
31 AUGUST 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 23 November 2023 and were signed by:





I Walker - Director


BARRIE JONES (UPHOLSTERERS) LIMITED (REGISTERED NUMBER: 01380798)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

Barrie Jones (Upholsterers) 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 financial statements have been prepared in accordance with applicable accounting standards. The particular accounting policies adopted are described below.

Turnover
Turnover represents the net invoices sales of goods and amounts due under contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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

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.

BARRIE JONES (UPHOLSTERERS) LIMITED (REGISTERED NUMBER: 01380798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 September 2022 613,206 60,912 49,875
Additions - - 5,005
At 31 August 2023 613,206 60,912 54,880
DEPRECIATION
At 1 September 2022 183,959 56,944 43,946
Charge for year 12,264 893 2,199
At 31 August 2023 196,223 57,837 46,145
NET BOOK VALUE
At 31 August 2023 416,983 3,075 8,735
At 31 August 2022 429,247 3,968 5,929

BARRIE JONES (UPHOLSTERERS) LIMITED (REGISTERED NUMBER: 01380798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2022 126,125 11,042 861,160
Additions - - 5,005
At 31 August 2023 126,125 11,042 866,165
DEPRECIATION
At 1 September 2022 87,008 11,042 382,899
Charge for year 9,779 - 25,135
At 31 August 2023 96,787 11,042 408,034
NET BOOK VALUE
At 31 August 2023 29,338 - 458,131
At 31 August 2022 39,117 - 478,261

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 September 2022 49,190
Transfer to ownership (49,190 )
At 31 August 2023 -
DEPRECIATION
At 1 September 2022 28,438
Charge for year 5,188
Transfer to ownership (33,626 )
At 31 August 2023 -
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 20,752

5. STOCKS
31.8.23 31.8.22
£    £   
Stock 10,048 10,104

BARRIE JONES (UPHOLSTERERS) LIMITED (REGISTERED NUMBER: 01380798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 133,293 103,852
Amounts recoverable on contract 13,993 19,840
Prepayments 20,154 8,664
167,440 132,356

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 62,507 65,383
Tax 33,913 7,104
Social security and other taxes 7,622 5,850
VAT 27,603 20,142
Other creditors 32,594 23,474
Directors' current accounts 38,652 27,652
Accrued expenses 28,682 32,316
242,221 192,569

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans - 1-2 years 10,648 10,648
Bank loans - 2-5 years 6,977 16,785
17,625 27,433

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividends of £70,631 (2022 £58,272) were paid to director I. Walker during the year.
I Walker had loaned the company £38,652 at the year end (2022 £27,652) the loan is free of interest and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is I Walker.