Silverfin false false 31/07/2023 01/08/2022 31/07/2023 Charlotte Anne Louise Macpherson 01/08/2006 Iain Jonathan Macpherson 01/08/2006 24 January 2024 The principal activity of the company during the year was that of yarn and sewing accessories sales 05893736 2023-07-31 05893736 bus:Director1 2023-07-31 05893736 bus:Director2 2023-07-31 05893736 2022-07-31 05893736 core:CurrentFinancialInstruments 2023-07-31 05893736 core:CurrentFinancialInstruments 2022-07-31 05893736 core:Non-currentFinancialInstruments 2023-07-31 05893736 core:Non-currentFinancialInstruments 2022-07-31 05893736 core:ShareCapital 2023-07-31 05893736 core:ShareCapital 2022-07-31 05893736 core:RetainedEarningsAccumulatedLosses 2023-07-31 05893736 core:RetainedEarningsAccumulatedLosses 2022-07-31 05893736 core:OfficeEquipment 2022-07-31 05893736 core:ComputerEquipment 2022-07-31 05893736 core:OfficeEquipment 2023-07-31 05893736 core:ComputerEquipment 2023-07-31 05893736 bus:OrdinaryShareClass1 2023-07-31 05893736 2022-08-01 2023-07-31 05893736 bus:FilletedAccounts 2022-08-01 2023-07-31 05893736 bus:SmallEntities 2022-08-01 2023-07-31 05893736 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 05893736 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05893736 bus:Director1 2022-08-01 2023-07-31 05893736 bus:Director2 2022-08-01 2023-07-31 05893736 core:OfficeEquipment 2022-08-01 2023-07-31 05893736 core:ComputerEquipment core:BottomRangeValue 2022-08-01 2023-07-31 05893736 core:ComputerEquipment core:TopRangeValue 2022-08-01 2023-07-31 05893736 2021-08-01 2022-07-31 05893736 core:ComputerEquipment 2022-08-01 2023-07-31 05893736 core:Non-currentFinancialInstruments 2022-08-01 2023-07-31 05893736 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 05893736 bus:OrdinaryShareClass1 2021-08-01 2022-07-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 05893736 (England and Wales)

BARNYARNS (RIPON) LIMITED

Unaudited Financial Statements
For the financial year ended 31 July 2023
Pages for filing with the registrar

BARNYARNS (RIPON) LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2023

Contents

BARNYARNS (RIPON) LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2023
BARNYARNS (RIPON) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2023
DIRECTORS Charlotte Anne Louise Macpherson
Iain Jonathan Macpherson
SECRETARY Iain Jonathan Macpherson
REGISTERED OFFICE 24 Barker Business Park
Melmerby
Ripon
HG4 5NB
United Kingdom
COMPANY NUMBER 05893736 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
BARNYARNS (RIPON) LIMITED

BALANCE SHEET

As at 31 July 2023
BARNYARNS (RIPON) LIMITED

BALANCE SHEET (continued)

As at 31 July 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 7,586 8,979
7,586 8,979
Current assets
Stocks 4 214,125 239,750
Debtors 5 56,921 65,700
Cash at bank and in hand 6 1,040 16,088
272,086 321,538
Creditors: amounts falling due within one year 7 ( 236,343) ( 238,974)
Net current assets 35,743 82,564
Total assets less current liabilities 43,329 91,543
Creditors: amounts falling due after more than one year 8 ( 12,058) ( 17,083)
Provision for liabilities ( 1,441) ( 1,706)
Net assets 29,830 72,754
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 29,730 72,654
Total shareholders' funds 29,830 72,754

For the financial year ending 31 July 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Barnyarns (Ripon) Limited (registered number: 05893736) were approved and authorised for issue by the Board of Directors on 24 January 2024. They were signed on its behalf by:

Iain Jonathan Macpherson
Director
BARNYARNS (RIPON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
BARNYARNS (RIPON) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Barnyarns (Ripon) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 24 Barker Business Park, Melmerby, Ripon, HG4 5NB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 15 % reducing balance
Computer equipment 3 - 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 13 13

3. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 01 August 2022 25,509 56,223 81,732
Additions 0 441 441
Disposals ( 1,009) ( 9,272) ( 10,281)
At 31 July 2023 24,500 47,392 71,892
Accumulated depreciation
At 01 August 2022 17,120 55,633 72,753
Charge for the financial year 1,246 506 1,752
Disposals ( 927) ( 9,272) ( 10,199)
At 31 July 2023 17,439 46,867 64,306
Net book value
At 31 July 2023 7,061 525 7,586
At 31 July 2022 8,389 590 8,979

4. Stocks

2023 2022
£ £
Stocks 214,125 239,750

There are no material differences between the replacement cost of stock and the Balance Sheet amounts.

5. Debtors

2023 2022
£ £
Trade debtors 7,170 13,026
Other debtors 49,751 52,674
56,921 65,700

6. Cash and cash equivalents

2023 2022
£ £
Cash at bank and in hand 1,040 16,088

7. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 5,025 5,000
Trade creditors 156,178 174,016
Taxation and social security 4,369 30,255
Other creditors 70,771 29,703
236,343 238,974

8. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 12,058 17,083

There are no amounts included above in respect of which any security has been given by the small entity.

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100