9 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 98,186 71,401 98,437 xbrli:pure xbrli:shares iso4217:GBP 10082563 2022-12-01 2023-11-30 10082563 2023-11-30 10082563 2022-11-30 10082563 2021-12-01 2022-11-30 10082563 2022-11-30 10082563 2021-11-30 10082563 bus:Director1 2022-12-01 2023-11-30 10082563 core:FurnitureFittings 2022-11-30 10082563 core:MotorVehicles 2022-11-30 10082563 core:FurnitureFittings 2023-11-30 10082563 core:MotorVehicles 2023-11-30 10082563 core:DeferredTaxation 2022-12-01 2023-11-30 10082563 core:FurnitureFittings 2022-12-01 2023-11-30 10082563 core:MotorVehicles 2022-12-01 2023-11-30 10082563 core:WithinOneYear 2023-11-30 10082563 core:WithinOneYear 2022-11-30 10082563 core:ShareCapital 2023-11-30 10082563 core:ShareCapital 2022-11-30 10082563 core:RetainedEarningsAccumulatedLosses 2023-11-30 10082563 core:RetainedEarningsAccumulatedLosses 2022-11-30 10082563 core:AcceleratedTaxDepreciationDeferredTax 2023-11-30 10082563 core:AcceleratedTaxDepreciationDeferredTax 2022-11-30 10082563 core:FurnitureFittings 2022-11-30 10082563 core:MotorVehicles 2022-11-30 10082563 core:DeferredTaxation 2022-11-30 10082563 core:DeferredTaxation 2023-11-30 10082563 bus:SmallEntities 2022-12-01 2023-11-30 10082563 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 10082563 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 10082563 bus:EntityHasNeverTraded 2022-12-01 2023-11-30 10082563 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 10082563 bus:FullAccounts 2022-12-01 2023-11-30
COMPANY REGISTRATION NUMBER: 10082563
BARDEN FREIGHT LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 November 2023
BARDEN FREIGHT LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
678,345
392,742
CURRENT ASSETS
Debtors
6
487,617
368,722
Cash at bank and in hand
478,714
898,384
----------
-------------
966,331
1,267,106
CREDITORS: amounts falling due within one year
7
961,321
977,626
----------
-------------
NET CURRENT ASSETS
5,010
289,480
----------
----------
TOTAL ASSETS LESS CURRENT LIABILITIES
683,355
682,222
PROVISIONS
8
98,437
98,186
----------
----------
NET ASSETS
584,918
584,036
----------
----------
BARDEN FREIGHT LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2023
2023
2022
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
584,818
583,936
----------
----------
SHAREHOLDERS FUNDS
584,918
584,036
----------
----------
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 statement of income and retained earnings has not been delivered.
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.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 29 August 2024 , and are signed on behalf of the board by:
A M Tinker
Director
Company registration number: 10082563
BARDEN FREIGHT LIMITED
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 and Wales. The address of the registered office is Event House, 45 Coal Pit Lane, Lower Cumberworth, Huddersfield, West Yorkshire, HD8 8PL.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for freight transport services, net of discounts and Value Added Tax.
Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent 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:
Fixtures and fittings
-
3 years straight line
Impairment of fixed assets
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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
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 as a finance cost 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 9 (2022: 8 ).
5. TANGIBLE ASSETS
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 December 2022
1,204
514,739
515,943
Additions
17,195
390,020
407,215
Disposals
( 24,500)
( 24,500)
---------
----------
----------
At 30 November 2023
18,399
880,259
898,658
---------
----------
----------
Depreciation
At 1 December 2022
100
123,101
123,201
Charge for the year
845
108,422
109,267
Disposals
( 12,155)
( 12,155)
---------
----------
----------
At 30 November 2023
945
219,368
220,313
---------
----------
----------
Carrying amount
At 30 November 2023
17,454
660,891
678,345
---------
----------
----------
At 30 November 2022
1,104
391,638
392,742
---------
----------
----------
6. DEBTORS
2023
2022
£
£
Trade debtors
365,726
324,820
Other debtors
121,891
43,902
----------
----------
487,617
368,722
----------
----------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
524,179
247,999
Amounts owed to group undertakings and undertakings in which the company has a participating interest
400,757
719,788
Corporation tax
531
Social security and other taxes
11,269
6,675
Other creditors
25,116
2,633
----------
----------
961,321
977,626
----------
----------
8. PROVISIONS
Deferred tax (note 9)
£
At 1 December 2022
98,186
Additions
71,401
Losses unutilised
( 71,150)
---------
At 30 November 2023
98,437
---------
9. DEFERRED TAX
The deferred tax included in the statement of financial position is as follows:
2023
2022
£
£
Included in provisions (note 8)
98,437
98,186
---------
---------
The deferred tax account consists of the tax effect of timing differences in respect of:
2023
2022
£
£
Accelerated capital allowances
98,437
98,186
---------
---------
10. CONTROLLING PARTY
The company's ultimate holding company is Northern Marquees Limited, a company incorporated in England. The address of the registered office is Event House, 45 Coal Pit Lane, Lower Cumberworth, Huddersfield, West Yorkshire, HD8 8PL.