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Company Registration No. 08337788 (England and Wales)
Barnes & West Limited Unaudited accounts for the year ended 31 January 2024
Barnes & West Limited Unaudited accounts Contents
Page
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Barnes & West Limited Company Information for the year ended 31 January 2024
Directors
Mr Colin Barnes Mr Anthony Barnes Mr William Barnes
Company Number
08337788 (England and Wales)
Registered Office
321 Main Street Calverton Nottingham Nottinghamshire NG14 6LT United Kingdom
Accountants
Add-itions Accountancy Solutions 321 Main Street Calverton Nottingham Nottinghamshire NG14 6LT
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Barnes & West Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
613,892 
416,305 
Current assets
Inventories
447,663 
647,549 
Debtors
43,736 
71,006 
Cash at bank and in hand
816,015 
1,030,359 
1,307,414 
1,748,914 
Creditors: amounts falling due within one year
(348,020)
(548,849)
Net current assets
959,394 
1,200,065 
Total assets less current liabilities
1,573,286 
1,616,370 
Creditors: amounts falling due after more than one year
- 
(10,227)
Provisions for liabilities
Deferred tax
(68,196)
- 
Net assets
1,505,090 
1,606,143 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
1,504,090 
1,605,143 
Shareholders' funds
1,505,090 
1,606,143 
For the year ending 31 January 2024 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Mr Colin Barnes Director Company Registration No. 08337788
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Barnes & West Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Barnes & West Limited is a private company, limited by shares, registered in England and Wales, registration number 08337788. The registered office is 321 Main Street, Calverton, Nottingham, Nottinghamshire, NG14 6LT, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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
25% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of six years
Stocks and work in progress
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Barnes & West Limited Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Total 
£ 
Cost
At 1 February 2023
12,000 
At 31 January 2024
12,000 
Amortisation
At 1 February 2023
12,000 
At 31 January 2024
12,000 
Net book value
At 31 January 2024
- 
5
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 February 2023
637,492 
Additions
303,377 
Disposals
(54,605)
At 31 January 2024
886,264 
Depreciation
At 1 February 2023
221,187 
Charge for the year
85,144 
On disposals
(33,959)
At 31 January 2024
272,372 
Net book value
At 31 January 2024
613,892 
At 31 January 2023
416,305 
6
Transactions with related parties
During the year, total dividends of £388,450 (2023 - £286,950) were paid to the directors.
7
Average number of employees
During the year the average number of employees was 11 (2023: 11).
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