Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 05291970 Mr Benjamin Standley Mr Daniel Standley Mrs Pamela Standley Mr Trevor Standley Mrs Pamela Standley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05291970 2023-01-31 05291970 2024-01-31 05291970 2023-02-01 2024-01-31 05291970 frs-core:CurrentFinancialInstruments 2024-01-31 05291970 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 05291970 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 05291970 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 05291970 frs-core:MotorVehicles 2024-01-31 05291970 frs-core:MotorVehicles 2023-02-01 2024-01-31 05291970 frs-core:MotorVehicles 2023-01-31 05291970 frs-core:PlantMachinery 2024-01-31 05291970 frs-core:PlantMachinery 2023-02-01 2024-01-31 05291970 frs-core:PlantMachinery 2023-01-31 05291970 frs-core:ShareCapital 2024-01-31 05291970 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 05291970 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05291970 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 05291970 frs-bus:SmallEntities 2023-02-01 2024-01-31 05291970 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05291970 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 05291970 frs-bus:Director1 2023-02-01 2024-01-31 05291970 frs-bus:Director2 2023-02-01 2024-01-31 05291970 frs-bus:Director3 2023-02-01 2024-01-31 05291970 frs-bus:Director4 2023-02-01 2024-01-31 05291970 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 05291970 frs-countries:EnglandWales 2023-02-01 2024-01-31 05291970 2022-01-31 05291970 2023-01-31 05291970 2022-02-01 2023-01-31 05291970 frs-core:CurrentFinancialInstruments 2023-01-31 05291970 frs-core:ShareCapital 2023-01-31 05291970 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 05291970
Barton Fields (Patio & Garden Centre) Limited
Financial Statements
For The Year Ended 31 January 2024
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05291970
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 84,159 104,825
84,159 104,825
CURRENT ASSETS
Stocks 5 75,000 75,000
Debtors 6 8,395 8,324
Cash at bank and in hand 2,106,678 1,980,238
2,190,073 2,063,562
Creditors: Amounts Falling Due Within One Year 7 (342,180 ) (305,825 )
NET CURRENT ASSETS (LIABILITIES) 1,847,893 1,757,737
TOTAL ASSETS LESS CURRENT LIABILITIES 1,932,052 1,862,562
NET ASSETS 1,932,052 1,862,562
CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Profit and Loss Account 1,931,052 1,861,562
SHAREHOLDERS' FUNDS 1,932,052 1,862,562
Page 1
Page 2
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.
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
Mrs Pamela Standley
Director
18 October 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Barton Fields (Patio & Garden Centre) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05291970 . The registered office is Lichfield Road, Barton Under Needwood, Burton On Trent, Staffordshire, DE13 8ED.
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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 5% on cost
Plant & Machinery 20% straight line
Motor Vehicles 20% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 February 2023 25,090 8,730 236,894 270,714
Additions - 708 - 708
As at 31 January 2024 25,090 9,438 236,894 271,422
Depreciation
As at 1 February 2023 209 8,266 157,414 165,889
Provided during the period 1,255 249 19,870 21,374
As at 31 January 2024 1,464 8,515 177,284 187,263
Net Book Value
As at 31 January 2024 23,626 923 59,610 84,159
As at 1 February 2023 24,881 464 79,480 104,825
5. Stocks
2024 2023
£ £
Stock 75,000 75,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 3,004
Other debtors 8,395 5,320
8,395 8,324
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 79,804 67,250
Corporation tax 27,756 42,281
Other taxes and social security 26,743 26,446
Other creditors 1,228 169,848
Directors' loan accounts 206,649 -
342,180 305,825
Page 4
Page 5
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 5