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REGISTERED NUMBER: 12230521 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30th September 2023

for

Barnes Structural Ltd

Barnes Structural Ltd (Registered number: 12230521)

Contents of the Financial Statements
for the Year Ended 30th September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Barnes Structural Ltd

Company Information
for the Year Ended 30th September 2023







DIRECTOR: Mrs BA Barnes





REGISTERED OFFICE: C/O Towers + Gornall Ltd
River View, 96 High Street
Garstang
Preston
Lancashire
PR3 1WZ





REGISTERED NUMBER: 12230521 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Barnes Structural Ltd (Registered number: 12230521)

Balance Sheet
30th September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,612 37,009

CURRENT ASSETS
Stocks 15,510 14,470
Debtors 5 179,917 151,893
Cash at bank and in hand 2,497 1,729
197,924 168,092
CREDITORS
Amounts falling due within one year 6 129,532 150,720
NET CURRENT ASSETS 68,392 17,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,004

54,381

CREDITORS
Amounts falling due after more than one
year

7

(18,309

)

(27,642

)

PROVISIONS FOR LIABILITIES (1,461 ) (2,173 )
NET ASSETS 83,234 24,566

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 83,224 24,556
SHAREHOLDERS' FUNDS 83,234 24,566

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 22nd March 2024 and were signed by:




Mrs BA Barnes - Director


Barnes Structural Ltd (Registered number: 12230521)

Notes to the Financial Statements
for the Year Ended 30th September 2023


1. STATUTORY INFORMATION

Barnes Structural 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.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

Barnes Structural Ltd (Registered number: 12230521)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st October 2022 7,772 47,795 55,567
Additions - 4,499 4,499
At 30th September 2023 7,772 52,294 60,066
DEPRECIATION
At 1st October 2022 2,331 16,227 18,558
Charge for year 777 6,119 6,896
At 30th September 2023 3,108 22,346 25,454
NET BOOK VALUE
At 30th September 2023 4,664 29,948 34,612
At 30th September 2022 5,441 31,568 37,009

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 123,541 120,694
Other debtors 56,376 31,199
179,917 151,893

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 38,997 72,647
Taxation and social security 31,047 28,356
Other creditors 59,488 49,717
129,532 150,720

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 18,309 27,642

8. RELATED PARTY DISCLOSURES

At 30 September 2023 the company owed £55,065 (2022 £42,222) to the director of the company. No interest has been charged in the company in respect of the loan which is payable on demand and classified in creditors due within one year.