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REGISTERED NUMBER: 09589661 (England and Wales)
















Barrel and Stone Ltd

Unaudited Financial Statements

for the Year Ended 31st May 2023






Barrel and Stone Ltd (Registered number: 09589661)






Contents of the Financial Statements
for the Year Ended 31st May 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Barrel and Stone Ltd

Company Information
for the Year Ended 31st May 2023







Directors: Mr R J Hardiman
Mr M I Wilkie





Registered office: Suites 14, 15 & 16 Kingswick House
Kingswick Drive
Sunninghill
Berkshire
SL5 7BH





Registered number: 09589661 (England and Wales)





Accountants: Wilson Stevens
Accountants
4th Floor
100 Fenchurch Street
London
EC3M 5JD

Barrel and Stone Ltd (Registered number: 09589661)

Statement of Financial Position
31st May 2023

2023 2022
as restated
Notes £    £    £    £   
Fixed assets
Intangible assets 4 1,105 3,091
Tangible assets 5 26,713 22,185
Investments 6 339,175 336,675
366,993 361,951

Current assets
Debtors 7 950,655 635,573
Cash at bank 133,578 189,375
1,084,233 824,948
Creditors
Amounts falling due within one year 8 101,991 274,126
Net current assets 982,242 550,822
Total assets less current liabilities 1,349,235 912,773

Capital and reserves
Called up share capital 226 226
Share premium 1,299,959 1,299,959
Other reserves 200,000 200,000
Retained earnings (150,950 ) (587,412 )
1,349,235 912,773

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

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

Barrel and Stone Ltd (Registered number: 09589661)

Statement of Financial Position - continued
31st May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th February 2024 and were signed on its behalf by:





Mr R J Hardiman - Director


Barrel and Stone Ltd (Registered number: 09589661)

Notes to the Financial Statements
for the Year Ended 31st May 2023

1. Statutory information

Barrel and Stone 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.

Preparation of consolidated financial statements
The financial statements contain information about Barrel and Stone Ltd 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

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% straight line
Fixtures and fittings - 20% straight line
Computer equipment - 33% straight line

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 Statement of Income and Retained Earnings, 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.


Barrel and Stone Ltd (Registered number: 09589661)

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

2. Accounting policies - continued
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.

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.

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

3. Employees and directors

The average number of employees during the year was 9 (2022 - 9 ) .

4. Intangible fixed assets
Developme
costs
£   
Cost
At 1st June 2022
and 31st May 2023 3,441
Amortisation
At 1st June 2022 350
Amortisation for year 1,986
At 31st May 2023 2,336
Net book value
At 31st May 2023 1,105
At 31st May 2022 3,091

Barrel and Stone Ltd (Registered number: 09589661)

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

5. Tangible fixed assets
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1st June 2022 30,134 3,691 4,135 37,960
Additions 8,582 - - 8,582
At 31st May 2023 38,716 3,691 4,135 46,542
Depreciation
At 1st June 2022 11,102 2,097 2,576 15,775
Charge for year 1,749 1,017 1,288 4,054
At 31st May 2023 12,851 3,114 3,864 19,829
Net book value
At 31st May 2023 25,865 577 271 26,713
At 31st May 2022 19,032 1,594 1,559 22,185

6. Fixed asset investments
Shares in
group
undertakin
£   
Cost
At 1st June 2022 336,675
Additions 2,500
At 31st May 2023 339,175
Net book value
At 31st May 2023 339,175
At 31st May 2022 336,675

7. Debtors: amounts falling due within one year
2023 2022
as restated
£    £   
Trade debtors 217,960 263,701
Amounts owed by group undertakings 706,124 361,651
Other debtors 26,571 10,221
950,655 635,573

Barrel and Stone Ltd (Registered number: 09589661)

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

8. Creditors: amounts falling due within one year
2023 2022
as restated
£    £   
Trade creditors 42,724 5,601
Taxation and social security 8,772 11,633
Other creditors 50,495 256,892
101,991 274,126