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REGISTERED NUMBER: 08095151 (England and Wales)












BARREAST LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2022 TO 31 DECEMBER 2023






BARREAST LTD (REGISTERED NUMBER: 08095151)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 July 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARREAST LTD

COMPANY INFORMATION
for the period 1 July 2022 to 31 December 2023







DIRECTOR: D Murray





REGISTERED OFFICE: 60 Godstone Road
Purley
Surrey
CR8 2DD





REGISTERED NUMBER: 08095151 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

BARREAST LTD (REGISTERED NUMBER: 08095151)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 91,720

CURRENT ASSETS
Stocks 5 - 21,773
Debtors 6 98,388 960,725
Cash at bank 656,512 165,396
754,900 1,147,894
CREDITORS
Amounts falling due within one year 7 (86,686 ) (409,418 )
NET CURRENT ASSETS 668,214 738,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

668,214

830,196

PROVISIONS FOR LIABILITIES 8 - (6,685 )
NET ASSETS 668,214 823,511

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 668,114 823,411
SHAREHOLDERS' FUNDS 668,214 823,511

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

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

BARREAST LTD (REGISTERED NUMBER: 08095151)

BALANCE SHEET - continued
31 December 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 16 January 2024 and were signed by:





D Murray - Director


BARREAST LTD (REGISTERED NUMBER: 08095151)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 July 2022 to 31 December 2023

1. STATUTORY INFORMATION

Barreast 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 50% 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 period 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 period 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.

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.

BARREAST LTD (REGISTERED NUMBER: 08095151)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 July 2022 to 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 30 (2022 - 54 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2022 14,094 23,975 53,398 54,090 145,557
Additions - - 48,519 17,012 65,531
Disposals (14,094 ) (23,975 ) (101,917 ) (71,102 ) (211,088 )
At 31 December 2023 - - - - -
DEPRECIATION
At 1 July 2022 11,484 9,400 20,628 12,325 53,837
Charge for period 1,576 6,194 26,770 46,359 80,899
Eliminated on disposal (13,060 ) (15,594 ) (47,398 ) (58,684 ) (134,736 )
At 31 December 2023 - - - - -
NET BOOK VALUE
At 31 December 2023 - - - - -
At 30 June 2022 2,610 14,575 32,770 41,765 91,720

5. STOCKS
2023 2022
£    £   
Stocks - 21,773

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 62,902 373,394
Other debtors 32,120 582,351
Tax 3,366 -
Prepayments and accrued income - 4,980
98,388 960,725

BARREAST LTD (REGISTERED NUMBER: 08095151)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 July 2022 to 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors (1 ) 26,808
Tax 1,195 30,721
Social security and other taxes 7,406 38,388
VAT 58,818 150,166
Other creditors 394 2,389
Directors' current accounts 867 25,253
Accrued expenses 18,007 135,693
86,686 409,418

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 6,685

Deferred
tax
£   
Balance at 1 July 2022 6,685
Credit to Income Statement during period (6,685 )
Balance at 31 December 2023 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 July 2022 823,411
Deficit for the period (112,747 )
Dividends (42,550 )
At 31 December 2023 668,114

11. RELATED PARTY DISCLOSURES

At the year end the company owed £867 (2022 - £25,253 ) to the director.