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01/12/2022
30/11/2023
2023-11-30
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No description of principal activities is disclosed
2022-12-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
07085329
2022-12-01
2023-11-30
07085329
2023-11-30
07085329
2022-11-30
07085329
2021-12-01
2022-11-30
07085329
2022-11-30
07085329
2021-11-30
07085329
core:NetGoodwill
2022-12-01
2023-11-30
07085329
core:PlantMachinery
2022-12-01
2023-11-30
07085329
core:FurnitureFittingsToolsEquipment
2022-12-01
2023-11-30
07085329
core:MotorVehicles
2022-12-01
2023-11-30
07085329
bus:RegisteredOffice
2022-12-01
2023-11-30
07085329
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2022-12-01
2023-11-30
07085329
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2022-12-01
2023-11-30
07085329
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2022-12-01
2023-11-30
07085329
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2023-11-30
07085329
core:PlantMachinery
2022-11-30
07085329
core:FurnitureFittingsToolsEquipment
2022-11-30
07085329
core:MotorVehicles
2022-11-30
07085329
core:PlantMachinery
2023-11-30
07085329
core:FurnitureFittingsToolsEquipment
2023-11-30
07085329
core:MotorVehicles
2023-11-30
07085329
core:AfterOneYear
2023-11-30
07085329
core:AfterOneYear
2022-11-30
07085329
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2023-11-30
07085329
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2022-11-30
07085329
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2023-11-30
07085329
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2022-11-30
07085329
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2023-11-30
07085329
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2022-11-30
07085329
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2022-11-30
07085329
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2022-11-30
07085329
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2022-11-30
07085329
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2022-11-30
07085329
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2023-11-30
07085329
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2022-12-01
2023-11-30
07085329
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2023-11-30
07085329
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2023-11-30
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2022-12-01
2023-11-30
Company registration number:
07085329
Barns Industrial Battery Services Ltd
Unaudited filleted financial statements
30 November 2023
Barns Industrial Battery Services Ltd
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Barns Industrial Battery Services Ltd
Directors and other information
|
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|
Director |
S Taylor |
|
|
|
|
|
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Secretary |
Nicola Taylor |
|
|
|
|
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|
|
Company number |
07085329 |
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|
|
|
|
|
|
Registered office |
Office 1 Riverside Court |
|
|
24 Lower Southend Road |
|
|
Wickford |
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|
Essex |
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|
SS11 8AW |
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|
|
|
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|
Business address |
32 Oakland Crescent |
|
|
Chelmsford |
|
|
Essex |
|
|
CM2 9PP |
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|
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Accountants |
Hill Allen (Wickford) Ltd |
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|
Office 1 Riverside Court |
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|
24 Lower Southend Road |
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Wickford |
|
|
SS11 8AW |
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|
|
|
|
|
|
|
|
|
|
|
Bankers |
Santander UK Ltd |
|
|
2 Triton Square |
|
|
Regent's Place |
|
|
London |
|
|
NW1 3AN |
|
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|
Barns Industrial Battery Services Ltd
Statement of financial position
30 November 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
5 |
- |
|
|
|
- |
|
|
Tangible assets |
|
6 |
5,893 |
|
|
|
8,213 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
5,893 |
|
|
|
8,213 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
22,500 |
|
|
|
25,000 |
|
|
Debtors |
|
7 |
113,765 |
|
|
|
124,975 |
|
|
Cash at bank and in hand |
|
|
104,132 |
|
|
|
101,745 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
240,397 |
|
|
|
251,720 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
8 |
(
136,802) |
|
|
|
(
135,461) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
103,595 |
|
|
|
116,259 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
109,488 |
|
|
|
124,472 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
9 |
|
|
(
9,000) |
|
|
|
(
13,000) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
100,488 |
|
|
|
111,472 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
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|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
100 |
|
|
|
100 |
Profit and loss account |
|
|
|
|
100,388 |
|
|
|
111,372 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
100,488 |
|
|
|
111,472 |
|
|
|
|
|
_______ |
|
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|
_______ |
|
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
14 August 2024
, and are signed on behalf of the board by:
S Taylor
Director
Company registration number:
07085329
Barns Industrial Battery Services Ltd
Notes to the financial statements
Year ended 30 November 2023
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Office 1 Riverside Court, 24 Lower Southend Road, Wickford, Essex, SS11 8AW.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
|
|
|
Goodwill |
- |
10 % |
straight line |
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Plant and machinery |
- |
25 % |
straight line |
|
Fittings fixtures and equipment |
- |
20 % |
straight line |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
2
).
5.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 December 2022 and 30 November 2023 |
75,000 |
75,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 December 2022 and 30 November 2023 |
75,000 |
75,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 30 November 2023 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 November 2022 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
6.
Tangible assets
|
|
Plant and machinery |
Fixtures, fittings and equipment |
Motor vehicles |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 December 2022 and 30 November 2023 |
18,573 |
3,285 |
23,000 |
44,858 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 December 2022 |
18,201 |
2,722 |
15,722 |
36,645 |
|
|
|
|
Charge for the year |
264 |
236 |
1,820 |
2,320 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 30 November 2023 |
18,465 |
2,958 |
17,542 |
38,965 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 November 2023 |
108 |
327 |
5,458 |
5,893 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 30 November 2022 |
372 |
563 |
7,278 |
8,213 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade debtors |
|
92,968 |
111,807 |
|
Other debtors |
|
20,797 |
13,168 |
|
|
|
_______ |
_______ |
|
|
|
113,765 |
124,975 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Trade creditors |
|
104,218 |
97,918 |
|
Corporation tax |
|
12,162 |
11,723 |
|
Social security and other taxes |
|
4,708 |
2,814 |
|
Other creditors |
|
15,714 |
23,006 |
|
|
|
_______ |
_______ |
|
|
|
136,802 |
135,461 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
9,000 |
13,000 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Controlling party
The company is controlled by the director
S Taylor
by reason of their shareholding.