Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 03318313 Mrs C A Stroud Mr S J Stroud Mr S A Stroud Mrs C A Stroud iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03318313 2023-02-28 03318313 2024-02-29 03318313 2023-03-01 2024-02-29 03318313 frs-core:CurrentFinancialInstruments 2024-02-29 03318313 frs-core:Non-currentFinancialInstruments 2024-02-29 03318313 frs-core:FurnitureFittings 2023-03-01 2024-02-29 03318313 frs-core:LandBuildings 2024-02-29 03318313 frs-core:LandBuildings 2023-03-01 2024-02-29 03318313 frs-core:LandBuildings 2023-02-28 03318313 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 03318313 frs-core:MotorVehicles 2023-03-01 2024-02-29 03318313 frs-core:PlantMachinery 2024-02-29 03318313 frs-core:PlantMachinery 2023-03-01 2024-02-29 03318313 frs-core:PlantMachinery 2023-02-28 03318313 frs-core:CapitalRedemptionReserve 2024-02-29 03318313 frs-core:RevaluationReserve 2023-02-28 03318313 frs-core:RevaluationReserve 2024-02-29 03318313 frs-core:ShareCapital 2024-02-29 03318313 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 03318313 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 03318313 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 03318313 frs-bus:SmallEntities 2023-03-01 2024-02-29 03318313 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 03318313 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 03318313 frs-bus:Director1 2023-03-01 2024-02-29 03318313 frs-bus:Director2 2023-03-01 2024-02-29 03318313 frs-bus:Director3 2023-03-01 2024-02-29 03318313 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 03318313 frs-countries:EnglandWales 2023-03-01 2024-02-29 03318313 2022-02-28 03318313 2023-02-28 03318313 2022-03-01 2023-02-28 03318313 frs-core:CurrentFinancialInstruments 2023-02-28 03318313 frs-core:Non-currentFinancialInstruments 2023-02-28 03318313 frs-core:CapitalRedemptionReserve 2023-02-28 03318313 frs-core:RevaluationReserve 2023-02-28 03318313 frs-core:ShareCapital 2023-02-28 03318313 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 03318313
Barnham Trading Post Ltd.
Unaudited Financial Statements
For The Year Ended 29 February 2024
Bromley Clackett Ltd
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03318313
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,693,635 1,709,661
1,693,635 1,709,661
CURRENT ASSETS
Stocks 5 341,470 352,000
Debtors 6 82,076 79,272
Cash at bank and in hand 14,367 31,904
437,913 463,176
Creditors: Amounts Falling Due Within One Year 7 (408,087 ) (385,424 )
NET CURRENT ASSETS (LIABILITIES) 29,826 77,752
TOTAL ASSETS LESS CURRENT LIABILITIES 1,723,461 1,787,413
Creditors: Amounts Falling Due After More Than One Year 8 (805,457 ) (805,201 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,924 ) (4,247 )
NET ASSETS 914,080 977,965
CAPITAL AND RESERVES
Called up share capital 9 44,700 44,700
Revaluation reserve 10 984,466 984,466
Capital redemption reserve 190,300 190,300
Profit and Loss Account (305,386 ) (241,501 )
SHAREHOLDERS' FUNDS 914,080 977,965
Page 1
Page 2
For the year ending 29 February 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr S J Stroud
Director
20th November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Barnham Trading Post Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 03318313 . The registered office is 76, Aldwick Road, Bognor Regis, West Sussex, PO21 2PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 1% straight line on buildings only
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 34 (2023: 33)
34 33
4. Tangible Assets
Land & Buildings Plant & Machinery etc. Total
£ £ £
Cost
As at 1 March 2023 1,850,000 145,270 1,995,270
Additions - 2,635 2,635
As at 29 February 2024 1,850,000 147,905 1,997,905
Depreciation
As at 1 March 2023 165,016 120,593 285,609
Provided during the period 14,224 4,437 18,661
As at 29 February 2024 179,240 125,030 304,270
Net Book Value
As at 29 February 2024 1,670,760 22,875 1,693,635
As at 1 March 2023 1,684,984 24,677 1,709,661
5. Stocks
2024 2023
£ £
Stock 341,470 352,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 380 8,430
Other debtors 81,696 70,842
82,076 79,272
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 152,675 174,010
Bank loans and overdrafts 228,311 185,101
Other creditors 18,087 16,172
Taxation and social security 9,014 10,141
408,087 385,424
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 19,174 29,208
Amounts owed to group undertakings 786,283 775,993
805,457 805,201
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 44,700 44,700
10. Reserves
Revaluation Reserve
£
As at 1 March 2023 984,466
As at 29 February 2024 984,466
Page 5