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Company Registration No. 10296209 (England and Wales)
Barkers Finance Ltd Unaudited accounts for the year ended 31 August 2024
Barkers Finance Ltd Unaudited accounts Contents
Page
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Barkers Finance Ltd Company Information for the year ended 31 August 2024
Director
S W Barker
Company Number
10296209 (England and Wales)
Registered Office
The Reefer Trailer Centre Whieldon Road Stoke on Trent Staffordshire ST4 4HP England
Accountants
Tyler Cobane Limited 29 Walton Way Walton Stone Staffordshire ST15 0JF
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Barkers Finance Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,171 
41,562 
Current assets
Debtors
2,722 
2,844 
Cash at bank and in hand
64,750 
56,554 
67,472 
59,398 
Creditors: amounts falling due within one year
(23,813)
(23,138)
Net current assets
43,659 
36,260 
Total assets less current liabilities
74,830 
77,822 
Creditors: amounts falling due after more than one year
(33,779)
(41,561)
Net assets
41,051 
36,261 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
40,951 
36,161 
Shareholders' funds
41,051 
36,261 
For the year ending 31 August 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 September 2024 and were signed on its behalf by
S W Barker Director Company Registration No. 10296209
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Barkers Finance Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Barkers Finance Ltd is a private company, limited by shares, registered in England and Wales, registration number 10296209. The registered office is The Reefer Trailer Centre, Whieldon Road, Stoke on Trent, Staffordshire, ST4 4HP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 September 2023
52,500 
At 31 August 2024
52,500 
Depreciation
At 1 September 2023
10,938 
Charge for the year
10,391 
At 31 August 2024
21,329 
Net book value
At 31 August 2024
31,171 
At 31 August 2023
41,562 
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Barkers Finance Ltd Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,722 
2,844 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,900 
3,900 
Obligations under finance leases and hire purchase contracts
4,235 
4,235 
Taxes and social security
11,278 
12,442 
Other creditors
4,400 
2,561 
23,813 
23,138 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
2,925 
6,825 
Obligations under finance leases and hire purchase contracts
30,854 
34,736 
33,779 
41,561 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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