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Company Registration No. 9629121 (England and Wales)
BarraSmith Limited Unaudited accounts for the year ended 30 June 2024
BarraSmith Limited Unaudited accounts Contents
Page
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BarraSmith Limited Company Information for the year ended 30 June 2024
Directors
Mr M P Barraclough Mrs E J Barraclough
Company Number
9629121 (England and Wales)
Registered Office
Moreton House 31 High Street Buckingham Buckinghamshire MK18 1NU
Accountants
Anthistle Craven Moreton House 31 High Street Buckingham Bucks MK18 1NU
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BarraSmith Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,130 
818 
Current assets
Debtors
4,384 
10,979 
Cash at bank and in hand
8,307 
18,146 
12,691 
29,125 
Creditors: amounts falling due within one year
(7,589)
(12,659)
Net current assets
5,102 
16,466 
Total assets less current liabilities
6,232 
17,284 
Provisions for liabilities
Deferred tax
(215)
(155)
Net assets
6,017 
17,129 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
6,015 
17,127 
Shareholders' funds
6,017 
17,129 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by
Mr M P Barraclough Director Company Registration No. 9629121
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BarraSmith Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
BarraSmith Limited is a private company, limited by shares, registered in England and Wales, registration number 9629121. The registered office is Moreton House, 31 High Street, Buckingham, Buckinghamshire, MK18 1NU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% on reducing balance
Computer equipment
33% on reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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BarraSmith Limited Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
304 
4,702 
5,006 
Additions
- 
854 
854 
At 30 June 2024
304 
5,556 
5,860 
Depreciation
At 1 July 2023
229 
3,959 
4,188 
Charge for the year
15 
527 
542 
At 30 June 2024
244 
4,486 
4,730 
Net book value
At 30 June 2024
60 
1,070 
1,130 
At 30 June 2023
75 
743 
818 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
4,384 
10,979 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
50 
2,464 
Trade creditors
96 
96 
Taxes and social security
4,840 
9,966 
Loans from directors
2,603 
133 
7,589 
12,659 
7
Average number of employees
During the year the average number of employees was 1 (2023: 2).
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