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REGISTERED NUMBER: 08588297 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Barnes Agencies Ltd

Barnes Agencies Ltd (Registered number: 08588297)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barnes Agencies Ltd

Company Information
for the Year Ended 30 June 2024







Directors: G Barnes
Mrs J Barnes
E C O Barnes





Registered office: Ashby Berry Coulsons Limited
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB





Registered number: 08588297 (England and Wales)





Accountants: Ashby Berry Coulsons
2 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

Barnes Agencies Ltd (Registered number: 08588297)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 - 10,000
Tangible assets 5 2,234 1,189
2,234 11,189

Current assets
Debtors 6 337,508 223,292
Cash at bank 7,109 32,380
344,617 255,672
Creditors
Amounts falling due within one year 7 104,221 77,456
Net current assets 240,396 178,216
Total assets less current liabilities 242,630 189,405

Provisions for liabilities 299 301
Net assets 242,331 189,104

Capital and reserves
Called up share capital 9 10 10
Retained earnings 242,321 189,094
Shareholders' funds 242,331 189,104

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

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.

Barnes Agencies Ltd (Registered number: 08588297)

Balance Sheet - continued
30 June 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 Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:





G Barnes - Director


Barnes Agencies Ltd (Registered number: 08588297)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

Barnes Agencies 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.

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 2014, is being amortised evenly over its estimated useful life of ten 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 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.


Barnes Agencies Ltd (Registered number: 08588297)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 July 2023
and 30 June 2024 100,000
Amortisation
At 1 July 2023 90,000
Amortisation for year 10,000
At 30 June 2024 100,000
Net book value
At 30 June 2024 -
At 30 June 2023 10,000

Barnes Agencies Ltd (Registered number: 08588297)

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

5. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 July 2023 4,200
Additions 1,790
At 30 June 2024 5,990
Depreciation
At 1 July 2023 3,011
Charge for year 745
At 30 June 2024 3,756
Net book value
At 30 June 2024 2,234
At 30 June 2023 1,189

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 337,508 223,292

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 4,458 150
Taxation and social security 89,578 66,430
Other creditors 10,185 10,876
104,221 77,456

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 8,708 10,508
Between one and five years - 7,004
8,708 17,512

Barnes Agencies Ltd (Registered number: 08588297)

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

9. Called up share capital

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