REGISTERED NUMBER: |
Barrel and Stone Ltd |
Unaudited Financial Statements |
for the Year Ended 31st May 2023 |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Tangible assets | 5 |
Investments | 6 |
Current assets |
Debtors | 7 |
Cash at bank |
Creditors |
Amounts falling due within one year | 8 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Share premium |
Other reserves |
Retained earnings | ( |
) | (587,412 | ) |
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 |
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 |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
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. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
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 |
4. | Intangible fixed assets |
Developme |
costs |
£ |
Cost |
At 1st June 2022 |
and 31st May 2023 |
Amortisation |
At 1st June 2022 |
Amortisation for year |
At 31st May 2023 |
Net book value |
At 31st May 2023 |
At 31st May 2022 |
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 |
Additions |
At 31st May 2023 |
Depreciation |
At 1st June 2022 |
Charge for year |
At 31st May 2023 |
Net book value |
At 31st May 2023 |
At 31st May 2022 |
6. | Fixed asset investments |
Shares in |
group |
undertakin |
£ |
Cost |
At 1st June 2022 |
Additions |
At 31st May 2023 |
Net book value |
At 31st May 2023 |
At 31st May 2022 |
7. | Debtors: amounts falling due within one year |
2023 | 2022 |
as | restated |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
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 |
Taxation and social security |
Other creditors |