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REGISTERED NUMBER: 08931338 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

GEDDES BARNES LIMITED

GEDDES BARNES LIMITED (REGISTERED NUMBER: 08931338)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GEDDES BARNES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: Ms J Barnes





REGISTERED OFFICE: 75 Loder Road
Brighton
East Sussex
BN1 6PL





REGISTERED NUMBER: 08931338 (England and Wales)





ACCOUNTANTS: ESW Chartered Accountants
162-164 High Street
Rayleigh
Essex
SS6 7BS

GEDDES BARNES LIMITED (REGISTERED NUMBER: 08931338)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 562 839

CURRENT ASSETS
Debtors 5 - 339
Cash at bank and in hand 46,884 54,068
46,884 54,407
CREDITORS
Amounts falling due within one year 6 (907 ) (735 )
NET CURRENT ASSETS 45,977 53,672
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,539

54,511

PROVISIONS FOR LIABILITIES 7 (107 ) (159 )
NET ASSETS 46,432 54,352

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 46,431 54,351
SHAREHOLDERS' FUNDS 46,432 54,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th October 2024 and were signed by:



Ms J Barnes - Director


GEDDES BARNES LIMITED (REGISTERED NUMBER: 08931338)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Geddes Barnes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

GEDDES BARNES LIMITED (REGISTERED NUMBER: 08931338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st April 2023
and 31st March 2024 2,607
DEPRECIATION
At 1st April 2023 1,768
Charge for year 277
At 31st March 2024 2,045
NET BOOK VALUE
At 31st March 2024 562
At 31st March 2023 839

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - (63 )
Other creditors 907 798
907 735

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 107 159

Deferred
tax
£   
Balance at 1st April 2023 159
Provided during year (52 )
Balance at 31st March 2024 107

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

GEDDES BARNES LIMITED (REGISTERED NUMBER: 08931338)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

9. RESERVES
Retained
earnings
£   

At 1st April 2023 54,351
Deficit for the year (670 )
Dividends (7,250 )
At 31st March 2024 46,431

10. RELATED PARTY DISCLOSURES

Other creditors include a loan to the company director, Ms J Barnes. The amount outstanding at the balance sheet date amounted to £366 (2023 : £256).