Registered number
09457102
Michael Barnes Building Limited
Unaudited Filleted Accounts
31 March 2024
Michael Barnes Building Limited
Registered number: 09457102
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,156 1,576
Current assets
Stocks 6,000 6,000
Debtors 4 41,349 21,873
Cash at bank and in hand 2,597 39,228
49,946 67,101
Creditors: amounts falling due within one year 5 (25,440) (23,423)
Net current assets 24,506 43,678
Total assets less current liabilities 25,662 45,254
Creditors: amounts falling due after more than one year 6 (9,785) (17,948)
Net assets 15,877 27,306
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,777 27,206
Shareholders' funds 15,877 27,306
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Barnes
Director
Approved by the board on 20 November 2024
Michael Barnes Building Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment 33.3% reducing balance
Plant and machinery 25% reducing balance
Motor Vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price, net of VAT), less any impairment losses for bad and doubtful debts.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 4
3 Tangible fixed assets
Office Equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 2,277 2,588 3,763 8,628
At 31 March 2024 2,277 2,588 3,763 8,628
Depreciation
At 1 April 2023 1,939 2,243 2,870 7,052
Charge for the year 112 85 223 420
At 31 March 2024 2,051 2,328 3,093 7,472
Net book value
At 31 March 2024 226 260 670 1,156
At 31 March 2023 338 345 893 1,576
4 Debtors 2024 2023
£ £
Trade debtors 24,127 6,437
Other debtors 17,222 15,436
41,349 21,873
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 8,163 7,962
Trade creditors - 7,110
Corporation tax 1,785 4,168
Other taxes and social security costs 13,742 583
Other creditors 1,750 3,600
25,440 23,423
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,785 17,948
7 Other information
Michael Barnes Building Limited is a private company limited by shares and incorporated in England. Its registered office is:
Downs Farm
Wye
Ashford
Kent
TN25 5DJ
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