Company registration number 11526224 (England and Wales)
BARCO LEASING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
BARCO LEASING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BARCO LEASING LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
6,554
8,192
Current assets
Debtors
4
396,800
403,049
Cash at bank and in hand
497
7,166
397,297
410,215
Creditors: amounts falling due within one year
5
(31,900)
(30,589)
Net current assets
365,397
379,626
Total assets less current liabilities
371,951
387,818
Creditors: amounts falling due after more than one year
6
(32,083)
(37,083)
Net assets
339,868
350,735
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
339,768
350,635
Total equity
339,868
350,735
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 26 September 2024
Mr D James
Director
Company registration number 11526224 (England and Wales)
BARCO LEASING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -
1
Accounting policies
Company information
Barco Leasing Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Church Plain, Great Yarmouth, Norfolk, England, NR30 1PL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Motor vehicles
- 20% reducing balance
1.4
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
BARCO LEASING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 and 31 December 2023
20,000
Depreciation and impairment
At 1 January 2023
11,808
Depreciation charged in the year
1,638
At 31 December 2023
13,446
Carrying amount
At 31 December 2023
6,554
At 31 December 2022
8,192
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
4,000
6,000
Amounts owed by group undertakings
366,092
366,592
Other debtors
26,708
30,457
396,800
403,049
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
5,000
5,000
Trade creditors
2,502
Corporation tax
2,525
2,047
Other creditors
24,375
21,040
31,900
30,589
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
32,083
37,083