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REGISTERED NUMBER: 08603785 (England and Wales)















BARTON GARAGE (PARKHAM) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023






BARTON GARAGE (PARKHAM) LTD (REGISTERED NUMBER: 08603785)






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


BARTON GARAGE (PARKHAM) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: D C Eldridge
G R Bryant





REGISTERED OFFICE: 37 Mill Street
Bideford
DEVON
EX39 2JJ





REGISTERED NUMBER: 08603785 (England and Wales)





ACCOUNTANTS: Jane Maynard Limited
T/A Maynard Johns
37 Mill Street
Bideford
DEVON
EX39 2JJ

BARTON GARAGE (PARKHAM) LTD (REGISTERED NUMBER: 08603785)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 11,996 14,548

CURRENT ASSETS
Stocks 4,006 3,954
Debtors 5 43,990 53,153
Cash at bank and in hand 46,192 20,779
94,188 77,886
CREDITORS
Amounts falling due within one year 6 (39,410 ) (31,114 )
NET CURRENT ASSETS 54,778 46,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,774

61,320

PROVISIONS FOR LIABILITIES (2,042 ) (2,511 )
NET ASSETS 64,732 58,809

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 64,632 58,709
SHAREHOLDERS' FUNDS 64,732 58,809

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 directors acknowledge their 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.

BARTON GARAGE (PARKHAM) LTD (REGISTERED NUMBER: 08603785)

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 Board of Directors and authorised for issue on 5 February 2024 and were signed on its behalf by:




G R Bryant - Director



D C Eldridge - Director


BARTON GARAGE (PARKHAM) LTD (REGISTERED NUMBER: 08603785)

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

1. STATUTORY INFORMATION

Barton Garage (Parkham) Ltd 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 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 etc - 33% on cost, 25% on cost and 15% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

BARTON GARAGE (PARKHAM) LTD (REGISTERED NUMBER: 08603785)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 37,622
Additions 1,763
At 31 August 2023 39,385
DEPRECIATION
At 1 September 2022 23,074
Charge for year 4,230
Eliminated on disposal 85
At 31 August 2023 27,389
NET BOOK VALUE
At 31 August 2023 11,996
At 31 August 2022 14,548

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,734 29,633
Amounts recoverable on contract 21,913 22,115
Prepayments 1,343 1,405
43,990 53,153

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19,929 15,756
Tax 9,836 9,309
VAT 6,317 3,396
Other creditors - 231
Directors' current accounts 1,248 624
Accrued expenses 2,080 1,798
39,410 31,114

BARTON GARAGE (PARKHAM) LTD (REGISTERED NUMBER: 08603785)

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

7. RELATED PARTY DISCLOSURES

GR Bryant
a director in the company
The company sold goods to the value of £992 net of vat during the year (£1,040 during the previous year.)

DC Eldridge
a director in the company
The company sold goods to the value of £3,639 net of vat during the year (£3,576 during the previous year.)

8. ULTIMATE CONTROLLING PARTY

The Company is controlled by the directors, Mr G Bryant and Mr D Eldridge, by way of their 100% holding of the share capital.