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Company Registration No. 12982508 (England and Wales)
BARNEYRACING LTD Unaudited accounts for the year ended 31 October 2023
BARNEYRACING LTD Unaudited accounts Contents
Page
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BARNEYRACING LTD Company Information for the year ended 31 October 2023
Director
Paula Killingsworth
Company Number
12982508 (England and Wales)
Registered Office
112-113 High Street LINCOLN LN5 7PY ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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BARNEYRACING LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,714 
31,203 
Current assets
Debtors
- 
1,554 
Cash at bank and in hand
18,440 
620 
18,440 
2,174 
Creditors: amounts falling due within one year
(24,298)
(14,074)
Net current liabilities
(5,858)
(11,900)
Net (liabilities)/assets
(2,144)
19,303 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
60,000 
60,000 
Profit and loss account
(62,244)
(40,797)
Shareholders' funds
(2,144)
19,303 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 February 2024 and were signed on its behalf by
Paula Killingsworth Director Company Registration No. 12982508
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BARNEYRACING LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
BARNEYRACING LTD is a private company, limited by shares, registered in England and Wales, registration number 12982508. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Reducing balance
Motor vehicles
20% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
46,706 
1,232 
47,938 
Disposals
(38,531)
- 
(38,531)
At 31 October 2023
8,175 
1,232 
9,407 
Depreciation
At 1 November 2022
16,290 
445 
16,735 
Charge for the year
1,517 
157 
1,674 
On disposals
(12,716)
- 
(12,716)
At 31 October 2023
5,091 
602 
5,693 
Net book value
At 31 October 2023
3,084 
630 
3,714 
At 31 October 2022
30,416 
787 
31,203 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,554 
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BARNEYRACING LTD Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
542 
- 
Trade creditors
- 
710 
Other creditors
- 
3,250 
Loans from directors
23,156 
10,114 
Accruals
600 
- 
24,298 
14,074 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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