Company Registration No. 09941837 (England and Wales)
Barn Cars Limited
Unaudited accounts
for the year ended 31 January 2024
Barn Cars Limited
Unaudited accounts
Contents
Barn Cars Limited
Company Information
for the year ended 31 January 2024
Directors
Oliver Driver
Daniel Robinson
Company Number
09941837 (England and Wales)
Registered Office
UNIT 5 SUFFOLK HOUSE BUSINESS PARK ASHWE
PILGRIMS HATCH
BRENTWOOD
CM15 9SG
ENGLAND
Accountants
Aces Accounts and Taxation Ltd
195 High Street
Ongar
Ongar
Essex
CM5 9JG
Barn Cars Limited
Accountants' report
Accountants' report to the board of directors of Barn Cars Limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Barn Cars Limited for the year ended
31 January 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Barn Cars Limited, as a body, in accordance with the terms of our engagement letter dated 28 February 2023. Our work has been undertaken solely to prepare for your approval the accounts of Barn Cars Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Barn Cars Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Barn Cars Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Barn Cars Limited. You consider that Barn Cars Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Barn Cars Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Aces Accounts and Taxation Ltd
195 High Street
Ongar
Ongar
Essex
CM5 9JG
26 July 2024
Barn Cars Limited
Statement of financial position
as at 31 January 2024
Inventories
403,960
225,897
Cash at bank and in hand
26
34,826
Creditors: amounts falling due within one year
(172,188)
(139,085)
Net current assets
257,388
121,638
Total assets less current liabilities
259,266
122,338
Creditors: amounts falling due after more than one year
(118,698)
-
Net assets
140,568
122,338
Called up share capital
100
100
Profit and loss account
140,468
122,238
Shareholders' funds
140,568
122,338
For the year ending 31 January 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 20 September 2024 and were signed on its behalf by
Oliver Driver
Director
Company Registration No. 09941837
Barn Cars Limited
Notes to the Accounts
for the year ended 31 January 2024
Barn Cars Limited is a private company, limited by shares, registered in England and Wales, registration number 09941837. The registered office is UNIT 5 SUFFOLK HOUSE BUSINESS PARK ASHWE, PILGRIMS HATCH, BRENTWOOD, CM15 9SG, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2023
6,137
-
6,137
At 31 January 2024
6,137
1,388
7,525
At 1 February 2023
5,437
-
5,437
Charge for the year
210
-
210
At 31 January 2024
5,647
-
5,647
At 31 January 2024
490
1,388
1,878
At 31 January 2023
700
-
700
Amounts falling due within one year
Barn Cars Limited
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
9,620
-
Trade creditors
21,042
8,575
Taxes and social security
95
27,129
Other creditors
84,843
41,397
Loans from directors
49,857
61,984
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
26,942
-
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).