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Registered number: 10007843
Barnsley Barbell Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10007843
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 6,890 5,147
6,890 5,147
CURRENT ASSETS
Debtors 5 5,392 9,419
Cash at bank and in hand 7,060 2,832
12,452 12,251
Creditors: Amounts Falling Due Within One Year 6 (18,364 ) (14,218 )
NET CURRENT ASSETS (LIABILITIES) (5,912 ) (1,967 )
TOTAL ASSETS LESS CURRENT LIABILITIES 978 3,180
NET ASSETS 978 3,180
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 878 3,080
SHAREHOLDERS' FUNDS 978 3,180
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For the year ending 31 March 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Shaw
Director
26/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Barnsley Barbell Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10007843 . The registered office is Unit 3, Oaks Lane, Barnsley, South Yorkshire, S71 1HT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings Reducing Balance 20%
Computer Equipment Straight Line 33.33%
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.
2.6. Government Grant
Grants for financial support or to cover costs already incurred are recognised immediately in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 10,099 484 10,583
Additions 3,465 - 3,465
As at 31 March 2024 13,564 484 14,048
Depreciation
As at 1 April 2023 4,952 484 5,436
Provided during the period 1,722 - 1,722
As at 31 March 2024 6,674 484 7,158
Net Book Value
As at 31 March 2024 6,890 - 6,890
As at 1 April 2023 5,147 - 5,147
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 2,503 9,265
2,503 9,265
Due after more than one year
Other debtors 2,889 154
2,889 154
5,392 9,419
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 518 1,554
Bank loans and overdrafts 11,565 12,664
Other creditors 220 -
Taxation and social security 6,061 -
18,364 14,218
7. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 518 1,554
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Ultimate Controlling Party
The ultimate controlling party is that of the directors.
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