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REGISTERED NUMBER: 07134362 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Barnden Financial Services Ltd

Barnden Financial Services Ltd (Registered number: 07134362)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barnden Financial Services Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Paul Barnden





SECRETARY: Lisa Jane Barnden





REGISTERED OFFICE: Moville
Galt Road
Farlington
Portsmouth
Hampshire
PO6 1DS





REGISTERED NUMBER: 07134362 (England and Wales)





ACCOUNTANTS: KT Accountants Limited
Castle Farm Barn North
Denmead Road
Southwick
Hampshire
PO17 6EX

Barnden Financial Services Ltd (Registered number: 07134362)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 984 1,313
984 1,313

CURRENT ASSETS
Debtors 6 24,449 -
Cash at bank 23,773 36,976
48,222 36,976
CREDITORS
Amounts falling due within one year 7 8,838 17,581
NET CURRENT ASSETS 39,384 19,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,368

20,708

PROVISIONS FOR LIABILITIES - 249
NET ASSETS 40,368 20,459

CAPITAL AND RESERVES
Called up share capital 8 130 130
Retained earnings 40,238 20,329
SHAREHOLDERS' FUNDS 40,368 20,459

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

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

The director acknowledges his 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.

Barnden Financial Services Ltd (Registered number: 07134362)

Balance Sheet - continued
31 January 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





Paul Barnden - Director


Barnden Financial Services Ltd (Registered number: 07134362)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Barnden Financial Services Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five 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.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Barnden Financial Services Ltd (Registered number: 07134362)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 8,000
AMORTISATION
At 1 February 2023
and 31 January 2024 8,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

Barnden Financial Services Ltd (Registered number: 07134362)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 7,131
DEPRECIATION
At 1 February 2023 5,818
Charge for year 329
At 31 January 2024 6,147
NET BOOK VALUE
At 31 January 2024 984
At 31 January 2023 1,313

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 24,449 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 7,215 8,778
Other creditors 1,623 8,803
8,838 17,581

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 £1 100 100
10 Ordinary A £1 10 10
10 Ordinary B £1 10 10
10 Ordinary C £1 10 10
130 130

Barnden Financial Services Ltd (Registered number: 07134362)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Paul Barnden
Balance outstanding at start of year (6,859 ) (10,049 )
Amounts repaid 31,308 3,190
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,449 (6,859 )

The balance above is owed from/(to) the director at the balance sheet date and is included within other debtors/(other creditors). It is repayable on demand and interest is not charged on this amount.

10. ULTIMATE CONTROLLING PARTY

No one has a controlling interest in the company.