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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
Page
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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
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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
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Barn Cars Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,878 
700 
Current assets
Inventories
403,960 
225,897 
Debtors
25,590 
- 
Cash at bank and in hand
26 
34,826 
429,576 
260,723 
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 
Capital and reserves
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
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Barn Cars Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
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.
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:
Plant & machinery
30%
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
6,137 
- 
6,137 
Additions
- 
1,388 
1,388 
At 31 January 2024
6,137 
1,388 
7,525 
Depreciation
At 1 February 2023
5,437 
- 
5,437 
Charge for the year
210 
- 
210 
At 31 January 2024
5,647 
- 
5,647 
Net book value
At 31 January 2024
490 
1,388 
1,878 
At 31 January 2023
700 
- 
700 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,590 
- 
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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 
- 
VAT
5,355 
- 
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 
Accruals
1,376 
- 
172,188 
139,085 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
91,756 
- 
Taxes and social security
26,942 
- 
118,698 
- 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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