W.B.BARNES(NESTON)LIMITED |
Unaudited Financial Statements |
for the Year Ended 31st January 2024 |
W.B.BARNES(NESTON)LIMITED |
Unaudited Financial Statements |
for the Year Ended 31st January 2024 |
W.B.BARNES(NESTON)LIMITED (REGISTERED NUMBER: 00597642) |
Contents of the Financial Statements |
for the year ended 31st January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
W.B.BARNES(NESTON)LIMITED |
Company Information |
for the year ended 31st January 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
1 Abbots Quay |
Monks Ferry |
Birkenhead |
Merseyside |
CH41 5LH |
W.B.BARNES(NESTON)LIMITED (REGISTERED NUMBER: 00597642) |
Balance Sheet |
31st January 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank | 7 |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
W.B.BARNES(NESTON)LIMITED (REGISTERED NUMBER: 00597642) |
Balance Sheet - continued |
31st January 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
W.B.BARNES(NESTON)LIMITED (REGISTERED NUMBER: 00597642) |
Notes to the Financial Statements |
for the year ended 31st January 2024 |
1. | STATUTORY INFORMATION |
W.B.Barnes(Neston)Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of goods and services and rents received from investment properties. |
Tangible fixed assets |
Plant and machinery | - |
Motor vehicles | - |
Computer equipment | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Financial instruments |
Debtors/creditors and directors loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
W.B.BARNES(NESTON)LIMITED (REGISTERED NUMBER: 00597642) |
Notes to the Financial Statements - continued |
for the year ended 31st January 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st February 2023 |
and 31st January 2024 |
DEPRECIATION |
At 1st February 2023 |
Charge for year |
At 31st January 2024 |
NET BOOK VALUE |
At 31st January 2024 |
At 31st January 2023 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st February 2023 |
and 31st January 2024 |
NET BOOK VALUE |
At 31st January 2024 |
At 31st January 2023 |
Fair value at 31st January 2024 is represented by: |
£ |
Valuation in 2021 | 500,452 |
Cost | 489,548 |
990,000 |
If investment properties had not been revalued they would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 489,548 | 492,704 |
Investment properties were valued on an open market basis on 31st January 2024 by the directors . |
W.B.BARNES(NESTON)LIMITED (REGISTERED NUMBER: 00597642) |
Notes to the Financial Statements - continued |
for the year ended 31st January 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | CASH AT BANK |
2024 | 2023 |
£ | £ |
Bank account no. 2 | 17,054 | 177,253 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
11. | RESERVES |
Revaluation |
reserve |
£ |
At 1st February 2023 |
Revaluation in year | (66,480 | ) |
At 31st January 2024 |
Revaluation reserve comprises of the revaluation surplus on the investment property assets. |
W.B.BARNES(NESTON)LIMITED (REGISTERED NUMBER: 00597642) |
Notes to the Financial Statements - continued |
for the year ended 31st January 2024 |
12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31st January 2024 and 31st January 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |