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REGISTERED NUMBER: SC424158 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Barnhill Cabs Ltd

Barnhill Cabs Ltd (Registered number: SC424158)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Barnhill Cabs Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: D J Brown





REGISTERED OFFICE: 5 Summerville Avenue
Summerville
Dumfries
DG2 9BY





REGISTERED NUMBER: SC424158 (Scotland)





ACCOUNTANTS: CMCA Accounting
25A Buccleuch Street
Dumfries
Dumfries & Galloway
DG1 2AT

Barnhill Cabs Ltd (Registered number: SC424158)

Balance Sheet
31 May 2023

31.5.22 31.5.23
£    £    Notes £    £   
FIXED ASSETS
27,305 Tangible assets 4 42,740

CURRENT ASSETS
44,449 Cash at bank 14,818

CREDITORS
24,322 Amounts falling due within one year 5 24,334
20,127 NET CURRENT (LIABILITIES)/ASSETS (9,516 )
47,432 TOTAL ASSETS LESS CURRENT
LIABILITIES

33,224

CREDITORS
17,585 Amounts falling due after more than one
year

6

17,585
29,847 NET ASSETS 15,639

CAPITAL AND RESERVES
100 Called up share capital 100
29,747 Retained earnings 15,539
29,847 15,639

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

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

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 8 February 2024 and were signed by:



D J Brown - Director


Barnhill Cabs Ltd (Registered number: SC424158)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Barnhill Cabs Ltd is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 6 ) .

Barnhill Cabs Ltd (Registered number: SC424158)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 52,353
Additions 44,084
Disposals (33,429 )
At 31 May 2023 63,008
DEPRECIATION
At 1 June 2022 25,048
Charge for year 13,399
Eliminated on disposal (18,179 )
At 31 May 2023 20,268
NET BOOK VALUE
At 31 May 2023 42,740
At 31 May 2022 27,305

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2022 45,990
Additions 44,084
Disposals (33,429 )
At 31 May 2023 56,645
DEPRECIATION
At 1 June 2022 21,320
Charge for year 13,379
Eliminated on disposal (18,179 )
At 31 May 2023 16,520
NET BOOK VALUE
At 31 May 2023 40,125
At 31 May 2022 24,670

Barnhill Cabs Ltd (Registered number: SC424158)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 1,500 2,108
Hire purchase contracts 15,038 9,131
Taxation and social security 6,564 11,647
Other creditors 1,232 1,436
24,334 24,322

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Hire purchase contracts 17,585 17,585

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At 31 May 2023 an amount of £196 was owed to director D Brown by means of a directors loan account (2022-£463). This sum is interest free and repayable on demand.

Dividends of £17,000 were paid to directors during the year.