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REGISTERED NUMBER: 07695582 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Barnwood Agencies Limited

Barnwood Agencies Limited (Registered number: 07695582)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Barnwood Agencies Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: A S Nobes
Mrs W J Nobes



REGISTERED OFFICE: 3 High Meadow
Abbeydale
Gloucester
England
GL4 4DG



REGISTERED NUMBER: 07695582 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Lloyds Bank
130 High Street
Cheltenham
GL50 1EW

Barnwood Agencies Limited (Registered number: 07695582)

Statement of Financial Position
31 July 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,723 1,054
Investments 5 51 51
3,774 1,105

CURRENT ASSETS
Debtors 6 40,000 12,293
Cash at bank 116 26,024
40,116 38,317
CREDITORS
Amounts falling due within one year 7 36,377 27,787
NET CURRENT ASSETS 3,739 10,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,513

11,635

CREDITORS
Amounts falling due after more than one
year

8

7,333

11,333
NET ASSETS 180 302

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 178 300
SHAREHOLDERS' FUNDS 180 302

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

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

Barnwood Agencies Limited (Registered number: 07695582)

Statement of Financial Position - continued
31 July 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 Board of Directors and authorised for issue on 17 December 2023 and were signed on its behalf by:





A S Nobes - Director


Barnwood Agencies Limited (Registered number: 07695582)

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


1. STATUTORY INFORMATION

Barnwood Agencies 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.

Preparation of consolidated financial statements
The financial statements contain information about Barnwood Agencies Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Fixtures and fittings - 20% on reducing balance
Computer 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Barnwood Agencies Limited (Registered number: 07695582)

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


2. ACCOUNTING POLICIES - continued

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 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 August 2022 486 2,138 2,624
Additions - 3,345 3,345
At 31 July 2023 486 5,483 5,969
Depreciation
At 1 August 2022 166 1,404 1,570
Charge for year 64 612 676
At 31 July 2023 230 2,016 2,246
Net book value
At 31 July 2023 256 3,467 3,723
At 31 July 2022 320 734 1,054

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1 August 2022
and 31 July 2023 51
Net book value
At 31 July 2023 51
At 31 July 2022 51

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Other debtors 40,000 12,293

Barnwood Agencies Limited (Registered number: 07695582)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans and overdrafts 5,576 4,000
Trade creditors 2,066 448
Taxation and social security 27,541 22,536
Other creditors 1,194 803
36,377 27,787

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Bank loans 7,333 11,333

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

31/7/23 31/7/22
£    £   
A S Nobes and Mrs W J Nobes
Balance outstanding at start of year 6,293 16,446
Amounts advanced 97,313 75,951
Amounts repaid (103,998 ) (86,104 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (392 ) 6,293

The prior year loan to the directors was repaid in full during the year. Interest of £658 (2022 - £667) was charged on the loan at the HMRC official rate of interest.

10. RELATED PARTY DISCLOSURES

That Carpet Tile Company Ltd
A company controlled by Barnwood Agencies Limited

During the year, the company charged consultancy fees to That Carpet Tile Company Ltd totalling £48,000 (2022 - £47,000). At 31 July 2023 there was no outstanding balance owed by That Carpet Tile Company Ltd.

Commercial Carpet Tiles UK Ltd
A company controlled by the directors A S Nobes and Mrs W J Nobes

During the year the company charged consultancy fees to Commercial Carpet Tiles UK Ltd totalling £96,400 (2022 - £71,017).

At 31 July 2023 there was no outstanding balance owed by Commercial Carpet Tiles UK Ltd.