Company Registration No. 12982508 (England and Wales)
BARNEYRACING LTD
Unaudited accounts
for the year ended 31 October 2023
BARNEYRACING LTD
Unaudited accounts
Contents
BARNEYRACING LTD
Company Information
for the year ended 31 October 2023
Director
Paula Killingsworth
Company Number
12982508 (England and Wales)
Registered Office
112-113 High Street
LINCOLN
LN5 7PY
ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
BARNEYRACING LTD
Statement of financial position
as at 31 October 2023
Tangible assets
3,714
31,203
Cash at bank and in hand
18,440
620
Creditors: amounts falling due within one year
(24,298)
(14,074)
Net current liabilities
(5,858)
(11,900)
Net (liabilities)/assets
(2,144)
19,303
Called up share capital
100
100
Capital contribution reserve
60,000
60,000
Profit and loss account
(62,244)
(40,797)
Shareholders' funds
(2,144)
19,303
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 February 2024 and were signed on its behalf by
Paula Killingsworth
Director
Company Registration No. 12982508
BARNEYRACING LTD
Notes to the Accounts
for the year ended 31 October 2023
BARNEYRACING LTD is a private company, limited by shares, registered in England and Wales, registration number 12982508. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Reducing balance
Motor vehicles
20% Reducing balance
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 November 2022
46,706
1,232
47,938
Disposals
(38,531)
-
(38,531)
At 31 October 2023
8,175
1,232
9,407
At 1 November 2022
16,290
445
16,735
Charge for the year
1,517
157
1,674
On disposals
(12,716)
-
(12,716)
At 31 October 2023
5,091
602
5,693
At 31 October 2023
3,084
630
3,714
At 31 October 2022
30,416
787
31,203
Amounts falling due within one year
BARNEYRACING LTD
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Loans from directors
23,156
10,114
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).