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REGISTERED NUMBER: 09685392 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 November 2023

for

BARNEY'S SARNIES LIMITED

BARNEY'S SARNIES LIMITED (REGISTERED NUMBER: 09685392)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARNEY'S SARNIES LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: P Tailor





REGISTERED OFFICE: Hunt's Bakery, Private Road 1
Colwick
Nottingham
Nottinghamshire
NG4 2JQ





REGISTERED NUMBER: 09685392 (England and Wales)





ACCOUNTANTS: K G Solanki & Co.
Hamilton House
315 St Saviours Road
Leicester
Leicestershire
LE5 4HG

BARNEY'S SARNIES LIMITED (REGISTERED NUMBER: 09685392)

Balance Sheet
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 168,362 168,362
Tangible assets 5 136,404 117,274
Investments 6 40 -
304,806 285,636

CURRENT ASSETS
Stocks 59,856 60,255
Debtors 7 249,596 161,126
Cash at bank and in hand 50,473 27,208
359,925 248,589
CREDITORS
Amounts falling due within one year 8 306,969 305,417
NET CURRENT ASSETS/(LIABILITIES) 52,956 (56,828 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,762

228,808

CREDITORS
Amounts falling due after more than
one year

9

(28,827

)

(46,424

)

PROVISIONS FOR LIABILITIES 10 (25,917 ) (22,282 )
NET ASSETS 303,018 160,102

BARNEY'S SARNIES LIMITED (REGISTERED NUMBER: 09685392)

Balance Sheet - continued
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 302,918 160,002
SHAREHOLDERS' FUNDS 303,018 160,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 July 2024 and were signed by:





P Tailor - Director


BARNEY'S SARNIES LIMITED (REGISTERED NUMBER: 09685392)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

Barney's Sarnies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


BARNEY'S SARNIES LIMITED (REGISTERED NUMBER: 09685392)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 53 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 168,362
NET BOOK VALUE
At 30 November 2023 168,362
At 30 November 2022 168,362

BARNEY'S SARNIES LIMITED (REGISTERED NUMBER: 09685392)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 88,445 125,344 213,789
Additions 43,066 25,480 68,546
Disposals - (15,480 ) (15,480 )
At 30 November 2023 131,511 135,344 266,855
DEPRECIATION
At 1 December 2022 50,766 45,749 96,515
Charge for year 20,186 25,282 45,468
Eliminated on disposal - (11,532 ) (11,532 )
At 30 November 2023 70,952 59,499 130,451
NET BOOK VALUE
At 30 November 2023 60,559 75,845 136,404
At 30 November 2022 37,679 79,595 117,274

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022
and 30 November 2023 69,680
DEPRECIATION
At 1 December 2022 17,420
Charge for year 13,066
At 30 November 2023 30,486
NET BOOK VALUE
At 30 November 2023 39,194
At 30 November 2022 52,260

BARNEY'S SARNIES LIMITED (REGISTERED NUMBER: 09685392)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. FIXED ASSET INVESTMENTS
Other
investmen
£   
COST
Additions 40
At 30 November 2023 40
NET BOOK VALUE
At 30 November 2023 40

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors 137,001 122,242
Other debtors 112,595 38,884
249,596 161,126

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 17,597 16,385
Trade creditors 181,834 202,522
Taxation and social security 65,356 39,559
Other creditors 42,182 46,951
306,969 305,417

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 28,827 46,424

BARNEY'S SARNIES LIMITED (REGISTERED NUMBER: 09685392)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 25,917 22,282

Deferred
tax
£   
Balance at 1 December 2022 22,282
Provided during year 3,635
Balance at 30 November 2023 25,917

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 31 100 100

12. RELATED PARTY DISCLOSURES

The company rents property on commercial rent of £33,000 per annum (2021 £33,000 pa) from PKT Property Investments Ltd in which director is the majority shareholder and director

13. ULTIMATE CONTROLLING PARTY

The controlling party is P Tailor.