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REGISTERED NUMBER: 10885942 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Barn Oak Developments Limited

Barn Oak Developments Limited (Registered number: 10885942)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barn Oak Developments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr K Gee-Pemberton
Mr B T Leversidge





REGISTERED OFFICE: Unit 44 Ravenshorn Way
Renishaw
Sheffield
S21 3WY





REGISTERED NUMBER: 10885942 (England and Wales)





ACCOUNTANTS: Sutton McGrath Hartley Limited
5 Westbrook Court
Sharrowvale Road
Sheffield
S11 8YZ

Barn Oak Developments Limited (Registered number: 10885942)

Balance Sheet
30 June 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 70,681 51,892

CURRENT ASSETS
Stocks 12,300 8,200
Debtors 5 175,244 42,356
Cash at bank 545,225 219,487
732,769 270,043
CREDITORS
Amounts falling due within one year 6 388,416 194,879
NET CURRENT ASSETS 344,353 75,164
TOTAL ASSETS LESS CURRENT LIABILITIES 415,034 127,056

CREDITORS
Amounts falling due after more than one
year

7

37,819

20,000
NET ASSETS 377,215 107,056

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 377,115 106,956
377,215 107,056

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Barn Oak Developments Limited (Registered number: 10885942)

Balance Sheet - continued
30 June 2024


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 Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





Mr B T Leversidge - Director


Barn Oak Developments Limited (Registered number: 10885942)

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

1. STATUTORY INFORMATION

Barn Oak Developments 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 - 25% reducing balance
Fittings fixtures and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Barn Oak Developments Limited (Registered number: 10885942)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2023 65,043
Additions 66,941
Disposals (38,375 )
At 30 June 2024 93,609
DEPRECIATION
At 1 July 2023 13,151
Charge for year 20,687
Eliminated on disposal (10,910 )
At 30 June 2024 22,928
NET BOOK VALUE
At 30 June 2024 70,681
At 30 June 2023 51,892

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 170,374 20,388
Other debtors 4,870 21,968
175,244 42,356

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,648 10,000
Hire purchase contracts and finance leases 3,145 30,975
Trade creditors 130,252 96,253
Taxation and social security 210,174 18,354
Other creditors 34,197 39,297
388,416 194,879

Barn Oak Developments Limited (Registered number: 10885942)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans 10,151 20,000
Hire purchase contracts and finance leases 27,668 -
37,819 20,000

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 18,606 -

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£ £
Mr K Gee-Pemberton
Balance outstanding at start of year (16,500 ) (20,889 )
Amounts advanced 64,609 4,389
Amounts repaid (48,364 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (255 ) (16,500 )

Mr B T Leversidge
Balance outstanding at start of year (19,028 ) (23,417 )
Amounts advanced 64,609 4,389
Amounts repaid (48,436 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,855 ) (19,028 )