Registered number
05702596
Barge Walk Limited
Filleted Accounts
31 March 2024
Barge Walk Limited
Registered number: 05702596
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,102,071 1,109,963
Current assets
Stocks 186,108 185,413
Debtors 4 228,062 180,695
Cash at bank and in hand 136,957 194,839
551,127 560,947
Creditors: amounts falling due within one year 5 (1,095,948) (1,143,167)
Net current liabilities (544,821) (582,220)
Total assets less current liabilities 557,250 527,743
Provisions for liabilities (64,960) (63,284)
Net assets 492,290 464,459
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 491,290 463,459
Shareholder's funds 492,290 464,459
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
G Cook
Director
Approved by the board on 5 August 2024
Barge Walk Limited
Notes to the Accounts
for the year ended 31 March 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.
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:
Freehold buildings over 100 years
Plant and machinery over 5 and 10 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 857,690 550,441 1,408,131
Additions - 28,181 28,181
Disposals - (12,533) (12,533)
At 31 March 2024 857,690 566,089 1,423,779
Depreciation
At 1 April 2023 15,683 282,485 298,168
Charge for the year 3,102 21,691 24,793
On disposals - (1,253) (1,253)
At 31 March 2024 18,785 302,923 321,708
Net book value
At 31 March 2024 838,905 263,166 1,102,071
At 31 March 2023 842,007 267,956 1,109,963
4 Debtors 2024 2023
£ £
Trade debtors 185,759 173,405
Other debtors 42,303 7,290
228,062 180,695
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 158,247 198,033
Corporation tax 7,375 21,480
Other taxes and social security costs 25,481 27,440
Other creditors 904,845 896,214
1,095,948 1,143,167
6 Other information
Barge Walk Limited is a private company limited by shares and incorporated in England. Its registered office is:
Ferry Yacht Station
Ferry Road
Thames Ditton
Surrey
KT7 0XZ
Barge Walk Limited 05702596 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 G Cook No description of principal activity 05702596 2022-04-01 2023-03-31 05702596 core:WithinOneYear 2023-03-31 05702596 core:ShareCapital 2023-03-31 05702596 core:RetainedEarningsAccumulatedLosses 2023-03-31 05702596 2023-04-01 2024-03-31 05702596 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05702596 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05702596 bus:Director40 2023-04-01 2024-03-31 05702596 1 2023-04-01 2024-03-31 05702596 2 2023-04-01 2024-03-31 05702596 core:LandBuildings 2023-04-01 2024-03-31 05702596 core:PlantMachinery 2023-04-01 2024-03-31 05702596 countries:England 2023-04-01 2024-03-31 05702596 bus:FRS102 2023-04-01 2024-03-31 05702596 bus:FilletedAccounts 2023-04-01 2024-03-31 05702596 2024-03-31 05702596 core:WithinOneYear 2024-03-31 05702596 core:ShareCapital 2024-03-31 05702596 core:RetainedEarningsAccumulatedLosses 2024-03-31 05702596 core:LandBuildings 2024-03-31 05702596 core:PlantMachinery 2024-03-31 05702596 2023-03-31 05702596 core:LandBuildings 2023-03-31 05702596 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure