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REGISTERED NUMBER: 07553257 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30th April 2024

for

Barkers Accountants Limited
T/A
Barker & Co

Barkers Accountants Limited (Registered number: 07553257)
T/A Barker & Co






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barkers Accountants Limited
T/A Barker & Co

Company Information
for the Year Ended 30th April 2024







DIRECTOR: C A Dexter





SECRETARY: L C Knowles





REGISTERED OFFICE: Watling Offices
Smockington Lane
Wolvey
Hinckley
Leicestershire
LE10 3AY





REGISTERED NUMBER: 07553257 (England and Wales)






Barkers Accountants Limited (Registered number: 07553257)
T/A Barker & Co

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 131,449 131,848
Tangible assets 5 475,364 480,197
606,813 612,045

CURRENT ASSETS
Stocks 105,254 92,570
Debtors 6 59,724 66,884
Cash at bank and in hand 108,584 107,969
273,562 267,423
CREDITORS
Amounts falling due within one year 7 129,344 112,143
NET CURRENT ASSETS 144,218 155,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

751,031

767,325

CREDITORS
Amounts falling due after more than one
year

8

(285,587

)

(294,870

)

PROVISIONS FOR LIABILITIES (3,300 ) (3,500 )
NET ASSETS 462,144 468,955

CAPITAL AND RESERVES
Called up share capital 10 10,001 10,001
Share premium 340,000 340,000
Retained earnings 112,143 118,954
SHAREHOLDERS' FUNDS 462,144 468,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

Barkers Accountants Limited (Registered number: 07553257)
T/A Barker & Co

Balance Sheet - continued
30th April 2024


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 2nd October 2024 and were signed by:





C A Dexter - Director


Barkers Accountants Limited (Registered number: 07553257)
T/A Barker & Co

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Barkers Accountants 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.

Turnover
Turnover represents net invoiced fees for professional services excluding value added tax.

Goodwill
Goodwill, being amounts paid in connection with the acquisition of businesses are separately being amortised evenly over their estimated useful life of 19 years and 5 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 25% on reducing balance

Stocks
Work in progress is valued at net realisable value.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Barkers Accountants Limited (Registered number: 07553257)
T/A Barker & Co

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023 347,650
Additions 18,860
At 30th April 2024 366,510
AMORTISATION
At 1st May 2023 215,802
Amortisation for year 19,259
At 30th April 2024 235,061
NET BOOK VALUE
At 30th April 2024 131,449
At 30th April 2023 131,848

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1st May 2023 462,000 40,359 502,359
Additions - 984 984
Disposals - (6,355 ) (6,355 )
At 30th April 2024 462,000 34,988 496,988
DEPRECIATION
At 1st May 2023 - 22,162 22,162
Charge for year - 4,314 4,314
Eliminated on disposal - (4,852 ) (4,852 )
At 30th April 2024 - 21,624 21,624
NET BOOK VALUE
At 30th April 2024 462,000 13,364 475,364
At 30th April 2023 462,000 18,197 480,197

Barkers Accountants Limited (Registered number: 07553257)
T/A Barker & Co

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 53,236 60,335
Prepayments 6,488 6,549
59,724 66,884

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Mortgage 28,000 28,000
Trade creditors 8,974 17,094
Corporation tax 15,000 15,700
Other creditors 7,225 3,251
Social security and other taxes 22,527 29,370
Directors' current accounts 27,680 14,190
Accrued expenses 19,938 4,538
129,344 112,143

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Mortgage - 2-5 years 112,000 112,000
Mortgage over 5 years 173,587 182,870
285,587 294,870

Amounts falling due in more than five years:

Repayable by instalments
Mortgage over 5 years 173,587 182,870

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 313,587 332,870

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,001 Ordinary £1 10,001 10,001

Barkers Accountants Limited (Registered number: 07553257)
T/A Barker & Co

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

10. CALLED UP SHARE CAPITAL - continued

5,000 'A' Shares
5,001 'B' Shares

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following transactions with director subsisted during the year:

£   
Draw down of dividend6,250
Capital introduced(254)
Interest charged to company(686)


Interest was charged to the company by the Director and Shareholders on their loans to the company at 7% per annum. £1,354 (2021 £3,064)