2023-01-012023-12-312023-12-31false10232203BARNES IP LIMITED2024-08-16iso4217:GBPxbrli:pure102322032023-01-01102322032023-12-31102322032023-01-012023-12-31102322032022-01-01102322032022-12-31102322032022-01-012022-12-3110232203bus:SmallEntities2023-01-012023-12-3110232203bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3110232203bus:FullAccounts2023-01-012023-12-3110232203bus:PrivateLimitedCompanyLtd2023-01-012023-12-3110232203core:WithinOneYear2023-12-3110232203core:AfterOneYear2023-12-3110232203core:WithinOneYear2022-12-3110232203core:AfterOneYear2022-12-3110232203core:ShareCapital2023-12-3110232203core:SharePremium2023-12-3110232203core:RevaluationReserve2023-12-3110232203core:OtherReservesSubtotal2023-12-3110232203core:RetainedEarningsAccumulatedLosses2023-12-3110232203core:ShareCapital2022-12-3110232203core:SharePremium2022-12-3110232203core:RevaluationReserve2022-12-3110232203core:OtherReservesSubtotal2022-12-3110232203core:RetainedEarningsAccumulatedLosses2022-12-3110232203core:LandBuildings2023-12-3110232203core:PlantMachinery2023-12-3110232203core:Vehicles2023-12-3110232203core:FurnitureFittings2023-12-3110232203core:OfficeEquipment2023-12-3110232203core:NetGoodwill2023-12-3110232203core:IntangibleAssetsOtherThanGoodwill2023-12-3110232203core:ListedExchangeTraded2023-12-3110232203core:UnlistedNon-exchangeTraded2023-12-3110232203core:LandBuildings2022-12-3110232203core:PlantMachinery2022-12-3110232203core:Vehicles2022-12-3110232203core:FurnitureFittings2022-12-3110232203core:OfficeEquipment2022-12-3110232203core:NetGoodwill2022-12-3110232203core:IntangibleAssetsOtherThanGoodwill2022-12-3110232203core:ListedExchangeTraded2022-12-3110232203core:UnlistedNon-exchangeTraded2022-12-3110232203core:LandBuildings2023-01-012023-12-3110232203core:PlantMachinery2023-01-012023-12-3110232203core:Vehicles2023-01-012023-12-3110232203core:FurnitureFittings2023-01-012023-12-3110232203core:OfficeEquipment2023-01-012023-12-3110232203core:NetGoodwill2023-01-012023-12-3110232203core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3110232203core:ListedExchangeTraded2023-01-012023-12-3110232203core:UnlistedNon-exchangeTraded2023-01-012023-12-3110232203core:MoreThanFiveYears2023-01-012023-12-3110232203core:Non-currentFinancialInstruments2023-12-3110232203core:Non-currentFinancialInstruments2022-12-3110232203dpl:CostSales2023-01-012023-12-3110232203dpl:DistributionCosts2023-01-012023-12-3110232203core:LandBuildings2023-01-012023-12-3110232203core:PlantMachinery2023-01-012023-12-3110232203core:Vehicles2023-01-012023-12-3110232203core:FurnitureFittings2023-01-012023-12-3110232203core:OfficeEquipment2023-01-012023-12-3110232203dpl:AdministrativeExpenses2023-01-012023-12-3110232203core:NetGoodwill2023-01-012023-12-3110232203core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3110232203dpl:GroupUndertakings2023-01-012023-12-3110232203dpl:ParticipatingInterests2023-01-012023-12-3110232203dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3110232203core:ListedExchangeTraded2023-01-012023-12-3110232203dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3110232203core:UnlistedNon-exchangeTraded2023-01-012023-12-3110232203dpl:CostSales2022-01-012022-12-3110232203dpl:DistributionCosts2022-01-012022-12-3110232203core:LandBuildings2022-01-012022-12-3110232203core:PlantMachinery2022-01-012022-12-3110232203core:Vehicles2022-01-012022-12-3110232203core:FurnitureFittings2022-01-012022-12-3110232203core:OfficeEquipment2022-01-012022-12-3110232203dpl:AdministrativeExpenses2022-01-012022-12-3110232203core:NetGoodwill2022-01-012022-12-3110232203core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3110232203dpl:GroupUndertakings2022-01-012022-12-3110232203dpl:ParticipatingInterests2022-01-012022-12-3110232203dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3110232203core:ListedExchangeTraded2022-01-012022-12-3110232203dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3110232203core:UnlistedNon-exchangeTraded2022-01-012022-12-3110232203core:NetGoodwill2023-12-3110232203core:IntangibleAssetsOtherThanGoodwill2023-12-3110232203core:LandBuildings2023-12-3110232203core:PlantMachinery2023-12-3110232203core:Vehicles2023-12-3110232203core:FurnitureFittings2023-12-3110232203core:OfficeEquipment2023-12-3110232203core:AfterOneYear2023-12-3110232203core:WithinOneYear2023-12-3110232203core:ListedExchangeTraded2023-12-3110232203core:UnlistedNon-exchangeTraded2023-12-3110232203core:ShareCapital2023-12-3110232203core:SharePremium2023-12-3110232203core:RevaluationReserve2023-12-3110232203core:OtherReservesSubtotal2023-12-3110232203core:RetainedEarningsAccumulatedLosses2023-12-3110232203core:NetGoodwill2022-12-3110232203core:IntangibleAssetsOtherThanGoodwill2022-12-3110232203core:LandBuildings2022-12-3110232203core:PlantMachinery2022-12-3110232203core:Vehicles2022-12-3110232203core:FurnitureFittings2022-12-3110232203core:OfficeEquipment2022-12-3110232203core:AfterOneYear2022-12-3110232203core:WithinOneYear2022-12-3110232203core:ListedExch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BARNES IP LIMITED

Registered Number
10232203
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

BARNES IP LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

BARNES, Philip Michael

Registered Address

Castle Hill House
12 Castle Hill
Windsor
SL4 1PD

Registered Number

10232203 (England and Wales)
BARNES IP LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets3200341
Tangible assets415,45835,032
Investments516,88216,534
32,54051,907
Current assets
Debtors187,950296,748
Cash at bank and on hand104,23197,566
292,181394,314
Creditors amounts falling due within one year6(134,321)(242,746)
Net current assets (liabilities)157,860151,568
Total assets less current liabilities190,400203,475
Creditors amounts falling due after one year7(28,628)(43,822)
Provisions for liabilities8(2,937)(6,656)
Net assets158,835152,997
Capital and reserves
Called up share capital100100
Profit and loss account158,735152,897
Shareholders' funds158,835152,997
The financial statements were approved and authorised for issue by the Director on 16 August 2024, and are signed on its behalf by:
BARNES, Philip Michael
Director
Registered Company No. 10232203
BARNES IP LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20232022
Average number of employees during the year00
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 23565565
At 31 December 23565565
Amortisation and impairment
At 01 January 23224224
Charge for year141141
At 31 December 23365365
Net book value
At 31 December 23200200
At 31 December 22341341
4.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 January 2363,66020,10583,765
Additions-1,4991,499
At 31 December 2363,66021,60485,264
Depreciation and impairment
At 01 January 2340,4058,32848,733
Charge for year15,9155,15821,073
At 31 December 2356,32013,48669,806
Net book value
At 31 December 237,3408,11815,458
At 31 December 2223,25511,77735,032
5.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 01 January 2316,53416,534
Additions348348
At 31 December 2316,88216,882
Net book value
At 31 December 2316,88216,882
At 31 December 2216,53416,534

Notes

1Other investments other than loans
6.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables59,340147,098
Taxation and social security43,69495,648
Accrued liabilities and deferred income31,287-
Total134,321242,746
7.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts28,62843,822
Total28,62843,822
8.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)2,9376,656
Total2,9376,656