Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 03355252 Mr Christian Barnes Mrs Heidi Barnes Watson Mr Thibault De Saint Vincent iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03355252 2022-12-31 03355252 2023-12-31 03355252 2023-01-01 2023-12-31 03355252 frs-core:CurrentFinancialInstruments 2023-12-31 03355252 frs-core:Non-currentFinancialInstruments 2023-12-31 03355252 frs-core:ComputerEquipment 2023-12-31 03355252 frs-core:ComputerEquipment 2023-01-01 2023-12-31 03355252 frs-core:ComputerEquipment 2022-12-31 03355252 frs-core:FurnitureFittings 2023-12-31 03355252 frs-core:FurnitureFittings 2023-01-01 2023-12-31 03355252 frs-core:FurnitureFittings 2022-12-31 03355252 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 03355252 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 03355252 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 03355252 frs-core:PlantMachinery 2023-12-31 03355252 frs-core:PlantMachinery 2023-01-01 2023-12-31 03355252 frs-core:PlantMachinery 2022-12-31 03355252 frs-core:ShareCapital 2023-12-31 03355252 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 03355252 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03355252 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 03355252 frs-bus:SmallEntities 2023-01-01 2023-12-31 03355252 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03355252 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03355252 frs-bus:Director1 2023-01-01 2023-12-31 03355252 frs-bus:Director2 2023-01-01 2023-12-31 03355252 frs-bus:Director3 2023-01-01 2023-12-31 03355252 frs-countries:EnglandWales 2023-01-01 2023-12-31 03355252 2021-12-31 03355252 2022-12-31 03355252 2022-01-01 2022-12-31 03355252 frs-core:CurrentFinancialInstruments 2022-12-31 03355252 frs-core:Non-currentFinancialInstruments 2022-12-31 03355252 frs-core:ShareCapital 2022-12-31 03355252 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 03355252
Barnes & Associates Limited
Financial Statements
For The Year Ended 31 December 2023
TaxAssist Accountants
563 Chiswick High Road
London
W4 3AY
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 03355252
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 107,432 133,369
107,432 133,369
CURRENT ASSETS
Debtors 5 128,036 163,583
Cash at bank and in hand 127,496 143,688
255,532 307,271
Creditors: Amounts Falling Due Within One Year 6 (615,819 ) (806,688 )
NET CURRENT ASSETS (LIABILITIES) (360,287 ) (499,417 )
TOTAL ASSETS LESS CURRENT LIABILITIES (252,855 ) (366,048 )
Creditors: Amounts Falling Due After More Than One Year 7 (2,064,881 ) (1,428,624 )
NET LIABILITIES (2,317,736 ) (1,794,672 )
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account (2,318,736 ) (1,795,672 )
SHAREHOLDERS' FUNDS (2,317,736) (1,794,672)
Page 1
Page 2
For the year ending 31 December 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Christian Barnes
Director
25/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Barnes & Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03355252 . The registered office is 113-115 Basement & Ground Floor, Old Brompton Road, London, SW7 3LE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 25% on reducing balance
Plant & Machinery 25% on reducing balance
Fixtures & Fittings 25% on reducing balance
Computer Equipment 25% on reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2022: 5)
4 5
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 January 2023 232,421 705 124,422 21,176 378,724
Additions - - - 5,714 5,714
As at 31 December 2023 232,421 705 124,422 26,890 384,438
Depreciation
As at 1 January 2023 146,880 482 82,598 15,395 245,355
Provided during the period 19,346 56 10,456 1,793 31,651
As at 31 December 2023 166,226 538 93,054 17,188 277,006
...CONTINUED
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Page 4
Net Book Value
As at 31 December 2023 66,195 167 31,368 9,702 107,432
As at 1 January 2023 85,541 223 41,824 5,781 133,369
5. Debtors
2023 2022
£ £
Due within one year
Trade debtors 40,980 76,314
Prepayments and accrued income 37,500 40,219
Other debtors 47,050 47,050
VAT 2,506 -
128,036 163,583
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 31,108 111,273
Other taxes and social security 388,894 462,360
VAT - 2,276
Other creditors 193,367 228,279
Accruals and deferred income 2,450 2,500
615,819 806,688
7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Directors loan account 2,064,881 1,428,624
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4