IRIS Accounts Production v24.1.0.574 01265795 Board of Directors 1.10.22 30.9.23 30.9.23 0 0 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012657952022-09-30012657952023-09-30012657952022-10-012023-09-30012657952021-09-30012657952021-10-012022-09-30012657952022-09-3001265795ns15:EnglandWales2022-10-012023-09-3001265795ns14:PoundSterling2022-10-012023-09-3001265795ns10:Director12022-10-012023-09-3001265795ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3001265795ns10:SmallEntities2022-10-012023-09-3001265795ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3001265795ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3001265795ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3001265795ns10:AbridgedAccounts2022-10-012023-09-3001265795ns10:Director22022-10-012023-09-3001265795ns10:Director32022-10-012023-09-3001265795ns10:CompanySecretary12022-10-012023-09-3001265795ns10:RegisteredOffice2022-10-012023-09-3001265795ns5:CurrentFinancialInstruments2023-09-3001265795ns5:CurrentFinancialInstruments2022-09-3001265795ns5:ShareCapital2023-09-3001265795ns5:ShareCapital2022-09-3001265795ns5:RevaluationReserve2023-09-3001265795ns5:RevaluationReserve2022-09-3001265795ns5:RetainedEarningsAccumulatedLosses2023-09-3001265795ns5:RetainedEarningsAccumulatedLosses2022-09-3001265795ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-10-012023-09-3001265795ns5:FurnitureFittings2022-10-012023-09-3001265795ns5:RevaluationReserve2022-09-30
REGISTERED NUMBER: 01265795 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

BARFIELD ENGINEERING COMPANY LIMITED

BARFIELD ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 01265795)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BARFIELD ENGINEERING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







Directors: T Barfield
D G Barfield
J Barfield





Secretary: Miss K L Barfield





Registered office: The Forge
Mistley Heath
Manningtree
Essex
CO11 2QH





Registered number: 01265795 (England and Wales)





Accountants: Baverstocks Limited
Chartered Certified Accountants
Dickens House
Guithavon Street
Witham
Essex
CM8 1BJ

BARFIELD ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 01265795)

ABRIDGED BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 479,124 484,601
Investments 5 17,000 17,000
496,124 501,601

Current assets
Debtors 6,371 1,971
Cash at bank 47,152 40,966
53,523 42,937
Creditors
Amounts falling due within one year 1,222 2,163
Net current assets 52,301 40,774
Total assets less current liabilities 548,425 542,375

Accruals and deferred income 1,399 1,400
Net assets 547,026 540,975

Capital and reserves
Called up share capital 600 500
Revaluation reserve 6 305,504 312,047
Retained earnings 240,922 228,428
Shareholders' funds 547,026 540,975

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

BARFIELD ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 01265795)

ABRIDGED BALANCE SHEET - continued
30 SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 March 2024 and were signed on its behalf by:





T Barfield - Director


BARFIELD ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 01265795)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. Statutory information

Barfield Engineering Company 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 as modified by the revaluation of certain assets.

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 - 2% on cost
Fixtures, Fittings and Equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. Employees and directors

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

BARFIELD ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 01265795)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. Tangible fixed assets
Totals
£   
Cost or valuation
At 1 October 2022 667,009
Additions 7,668
At 30 September 2023 674,677
Depreciation
At 1 October 2022 182,408
Charge for year 13,145
At 30 September 2023 195,553
Net book value
At 30 September 2023 479,124
At 30 September 2022 484,601

Cost or valuation at 30 September 2023 is represented by:

Totals
£   
Valuation in 2020 327,157
Cost 347,520
674,677

Freehold property were valued on an open market basis on 14 May 2019 by James Aldridge Chartered Surveyors .

5. Fixed asset investments

Information on investments other than loans is as follows:
Totals
£   
Cost
At 1 October 2022
and 30 September 2023 17,000
Net book value
At 30 September 2023 17,000
At 30 September 2022 17,000

6. Reserves
Revaluation
reserve
£   
At 1 October 2022 312,047
Transfer of depreciation (6,543 )

At 30 September 2023 305,504