Barkwell Building Services Limited 02705628 true 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is is electrical contracting and plumbing. Digita Accounts Production Advanced 6.30.9574.0 true 02705628 2023-04-01 2024-03-31 02705628 2024-03-31 02705628 core:CurrentFinancialInstruments 2024-03-31 02705628 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 02705628 core:Goodwill 2024-03-31 02705628 1 2024-03-31 02705628 bus:SmallEntities 2023-04-01 2024-03-31 02705628 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02705628 bus:FilletedAccounts 2023-04-01 2024-03-31 02705628 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 02705628 bus:RegisteredOffice 2023-04-01 2024-03-31 02705628 bus:Director4 2023-04-01 2024-03-31 02705628 bus:EntityNoLongerTradingButTradedInPast 2023-04-01 2024-03-31 02705628 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02705628 core:Goodwill 2023-04-01 2024-03-31 02705628 countries:England 2023-04-01 2024-03-31 02705628 1 2023-04-01 2024-03-31 02705628 2023-03-31 02705628 core:Goodwill 2023-03-31 02705628 1 2023-03-31 02705628 2022-04-01 2023-03-31 02705628 2023-03-31 02705628 core:CurrentFinancialInstruments 2023-03-31 02705628 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02705628 1 2023-03-31 02705628 1 2022-04-01 2023-03-31 02705628 1 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 02705628

Barkwell Building Services Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Barkwell Building Services Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Barkwell Building Services Limited

(Registration number: 02705628)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

1,962

179,844

Cash at bank and in hand

 

3,202

14,572

 

5,164

194,416

Creditors: Amounts falling due within one year

6

(3,748)

(8,000)

Net assets

 

1,416

186,416

Capital and reserves

 

Called up share capital

600

600

Profit and loss account

816

185,816

Shareholders' funds

 

1,416

186,416

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 21 September 2024 and signed on its behalf by:
 


C Barkwell
Director

 

Barkwell Building Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 2
Brayhams Yard
North Road
Okehampton
Devon
EX20 1AB

Principal activity

The principal activity of the company is is electrical contracting and plumbing.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Barkwell Building Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 2).

 

Barkwell Building Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

75,000

75,000

At 31 March 2024

75,000

75,000

Amortisation

At 1 April 2023

75,000

75,000

At 31 March 2024

75,000

75,000

Carrying amount

At 31 March 2024

-

-

5

Debtors

2024
£

2023
£

Other debtors

1,962

179,844

1,962

179,844

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,125

8,000

Other creditors

2,623

-

3,748

8,000

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

Barkwell Building Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

8

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Repayments by director
£

At 31 March 2024
£

-

(2,623)

(2,623)

       
     

 

2023

At 1 April 2022
£

Repayments by director
£

At 31 March 2023
£

47,710

(47,710)

-