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REGISTERED NUMBER: 09072048 (England and Wales)














BARNES FIELD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






BARNES FIELD LIMITED (REGISTERED NUMBER: 09072048)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARNES FIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: S E Barnes





REGISTERED OFFICE: The Old Turk
31 Wellington Road
Dewsbury
West Yorkshire
WF13 1HL





REGISTERED NUMBER: 09072048 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

BARNES FIELD LIMITED (REGISTERED NUMBER: 09072048)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 13,371
Tangible assets 5 405,088 446,429
405,088 459,800

CURRENT ASSETS
Stocks 45,014 47,793
Debtors 6 46,596 86,350
Cash at bank and in hand 123,413 202,198
215,023 336,341
CREDITORS
Amounts falling due within one year 7 453,827 621,227
NET CURRENT LIABILITIES (238,804 ) (284,886 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,284

174,914

CREDITORS
Amounts falling due after more than one
year

8

106,061

151,516
NET ASSETS 60,223 23,398

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 60,123 23,298
SHAREHOLDERS' FUNDS 60,223 23,398

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 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.

BARNES FIELD LIMITED (REGISTERED NUMBER: 09072048)

BALANCE SHEET - 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 director and authorised for issue on 22 January 2024 and were signed by:





S E Barnes - Director


BARNES FIELD LIMITED (REGISTERED NUMBER: 09072048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Barnes Field 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Goodwill and intangible fixed assets
Goodwill and other intangible fixed assets have been capitalised and are amortised on a straight line basis over the estimated useful economic life of five and ten years, which was chosen because the directors are of the opinion that this is the period over which the company will receive economic benefits from these 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
Leasehold improvements - 20% on reducing balance
Plant and machinery - 5% on reducing balance
Fixtures and fittings - 15% on reducing balance

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 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.

BARNES FIELD LIMITED (REGISTERED NUMBER: 09072048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

2. ACCOUNTING POLICIES - continued

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 57 (2022 - 76 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 August 2022 42,471 23,989 66,460
Disposals (9,440 ) (23,989 ) (33,429 )
At 31 July 2023 33,031 - 33,031
AMORTISATION
At 1 August 2022 38,696 14,393 53,089
Charge for year 708 1,799 2,507
Eliminated on disposal (6,373 ) (16,192 ) (22,565 )
At 31 July 2023 33,031 - 33,031
NET BOOK VALUE
At 31 July 2023 - - -
At 31 July 2022 3,775 9,596 13,371

BARNES FIELD LIMITED (REGISTERED NUMBER: 09072048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 255,578 395,830 651,408
Additions - 22,583 22,583
Disposals (25,926 ) (83,282 ) (109,208 )
At 31 July 2023 229,652 335,131 564,783
DEPRECIATION
At 1 August 2022 33,412 171,567 204,979
Charge for year 3,484 16,589 20,073
Eliminated on disposal (20,035 ) (45,322 ) (65,357 )
At 31 July 2023 16,861 142,834 159,695
NET BOOK VALUE
At 31 July 2023 212,791 192,297 405,088
At 31 July 2022 222,166 224,263 446,429

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 200 2,920
Other debtors 46,396 83,430
46,596 86,350

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 45,455 45,454
Trade creditors 74,135 302,441
Taxation and social security 67,072 49,204
Other creditors 267,165 224,128
453,827 621,227

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 106,061 151,516

BARNES FIELD LIMITED (REGISTERED NUMBER: 09072048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 68,100 73,784
Between one and five years 234,775 295,136
In more than five years 28,238 71,291
331,113 440,211

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 151,516 196,970

Interest on the bank loan, which is repayable by monthly instalments, is charged at a commercial rate of interest. The bank loan is secured by a charge on the company's assets.