Registered number
04701353
Barnt Green Boarding Cattery Limited
Unaudited Filleted Accounts
29 February 2024
Barnt Green Boarding Cattery Limited
Registered number: 04701353
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 1,700 3,400
Tangible assets 4 11,005 11,569
12,705 14,969
Current assets
Debtors 5 225 225
Cash at bank and in hand 191 -
416 225
Creditors: amounts falling due within one year 6 (8,192) (9,571)
Net current liabilities (7,776) (9,346)
Total assets less current liabilities 4,929 5,623
Creditors: amounts falling due after more than one year 7 (2,875) (4,689)
Net assets 2,054 934
Capital and reserves
Called up share capital 3 3
Profit and loss account 2,051 931
Shareholders' funds 2,054 934
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr T Burton
Director
Approved by the board on 25 July 2024
Barnt Green Boarding Cattery Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 34,000
At 29 February 2024 34,000
Amortisation
At 1 March 2023 30,600
Provided during the year 1,700
At 29 February 2024 32,300
Net book value
At 29 February 2024 1,700
At 28 February 2023 3,400
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 March 2023 8,752 15,162 23,914
At 29 February 2024 8,752 15,162 23,914
Depreciation
At 1 March 2023 - 12,345 12,345
Charge for the year - 564 564
At 29 February 2024 - 12,909 12,909
Net book value
At 29 February 2024 8,752 2,253 11,005
At 28 February 2023 8,752 2,817 11,569
5 Debtors 2024 2023
£ £
Other debtors 225 225
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,597 4,391
Taxation and social security costs 1,497 698
Other creditors 2,098 4,482
8,192 9,571
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,875 4,689
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 4,679 6,678
The bank loan is repayable in equal instalments over 5 years from July 2021. The loan is guaranteed by the government and carries an interest rate of 2.50% p.a.
9 Other information
Barnt Green Boarding Cattery Limited is a private company limited by shares and incorporated in England. Its registered office is:
103 Bittel Road
Barnt Green
Birmingham
B45 8LX
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