Registered number
04507152
Barans Removals Ltd
Filleted Accounts
31 December 2023
Barans Removals Ltd
Registered number: 04507152
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 151,969 147,919
Current assets
Debtors 5 2,902 8,005
Cash at bank and in hand 96,419 215,695
99,321 223,700
Creditors: amounts falling due within one year 6 (87,063) (80,230)
Net current assets 12,258 143,470
Total assets less current liabilities 164,227 291,389
Creditors: amounts falling due after more than one year 7 (21,522) (40,455)
Provisions for liabilities (26,714) (8,010)
Net assets 115,991 242,924
Capital and reserves
Called up share capital 2 2
Profit and loss account 115,989 242,922
Shareholders' funds 115,991 242,924
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Baran
Director
Approved by the board on 28 August 2024
Barans Removals Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance basis
Motor Vehicles 20% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 50,000
At 31 December 2023 50,000
Amortisation
At 1 January 2023 50,000
At 31 December 2023 50,000
Net book value
At 31 December 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2023 21,398 30,987 416,777 469,162
Additions - - 41,812 41,812
At 31 December 2023 21,398 30,987 458,589 510,974
Depreciation
At 1 January 2023 21,398 27,305 272,540 321,243
Charge for the year - 552 37,210 37,762
At 31 December 2023 21,398 27,857 309,750 359,005
Net book value
At 31 December 2023 - 3,130 148,839 151,969
At 31 December 2022 - 3,682 144,237 147,919
5 Debtors 2023 2022
£ £
Trade debtors 1,080 5,232
Other debtors 1,822 2,773
2,902 8,005
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 8,933 8,933
Trade creditors 25,539 7,078
Taxation and social security costs 7,191 15,435
Other creditors 35,400 38,784
87,063 80,230
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 13,333 23,333
Obligations under finance lease and hire purchase contracts 8,189 17,122
21,522 40,455
8 Other information
Barans Removals Ltd is a private company limited by shares and incorporated in England. Its registered office is:
173 Nelson Road
Whitton
Middlesex
TW2 7BB
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