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REGISTERED NUMBER: 05380493 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Barkston Motor Sales Limited

Barkston Motor Sales Limited (Registered number: 05380493)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Barkston Motor Sales Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S Love





REGISTERED OFFICE: Dickinsons Yard
Gorse Lane
Grantham
NG31 7UF





REGISTERED NUMBER: 05380493 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Barkston Motor Sales Limited (Registered number: 05380493)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,667 52,746

CURRENT ASSETS
Stocks - 350
Debtors 5 117,855 94,192
Cash at bank 118,095 100,149
235,950 194,691
CREDITORS
Amounts falling due within one year 6 13,726 5,906
NET CURRENT ASSETS 222,224 188,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,891

241,531

PROVISIONS FOR LIABILITIES 10,010 11,531
NET ASSETS 256,881 230,000

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 256,781 229,900
SHAREHOLDERS' FUNDS 256,881 230,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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 26 August 2024 and were signed by:





S Love - Director


Barkston Motor Sales Limited (Registered number: 05380493)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Barkston Motor Sales 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Motor vehicles - 12.5% 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Barkston Motor Sales Limited (Registered number: 05380493)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 31,623 1,734 71,347 104,704
Additions 1,074 - - 1,074
At 30 April 2024 32,697 1,734 71,347 105,778
DEPRECIATION
At 1 May 2023 25,085 1,734 25,139 51,958
Charge for year 2,711 - 6,442 9,153
At 30 April 2024 27,796 1,734 31,581 61,111
NET BOOK VALUE
At 30 April 2024 4,901 - 39,766 44,667
At 30 April 2023 6,538 - 46,208 52,746

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,345 7,932
Other debtors 112,510 86,260
117,855 94,192

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 377 1,408
Taxation and social security 11,949 3,183
Other creditors 1,400 1,315
13,726 5,906

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Nominal £1 100 100