Company registration number 6080856 (England and Wales)
BARNES CONSTRUCTION SERVICES LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
BARNES CONSTRUCTION SERVICES LIMITED
CONTENTS
Page
BARNES CONSTRUCTION SERVICES LIMITED
BALANCE SHEET
AS AT
29 FEBRUARY 2024
29 February 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
11,485
Current assets
Stocks
3,717
Debtors
4
6,440
Cash at bank and in hand
19,192
29,349
Creditors: amounts falling due within one year
5
(3,254)
Net current assets
26,095
Net assets
37,580
Capital and reserves
Called up share capital
1
Profit and loss reserves
37,579
Total equity
37,580

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 21 October 2024
R Barnes
Director
Company registration number 6080856 (England and Wales)
BARNES CONSTRUCTION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 2 -
1
Accounting policies
Company information

Barnes Construction Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is 21 Greenways, Abbots Langley, Herts, WD5 0EU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

These financial statements for the year ended 29 February 2024 are the first financial statements of Barnes Construction Services Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was . The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

BARNES CONSTRUCTION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
Number
Total
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2023 and 29 February 2024
45,424
Depreciation and impairment
At 1 March 2023
30,111
Depreciation charged in the year
3,828
At 29 February 2024
33,939
Carrying amount
At 29 February 2024
11,485
Last year c/fwd cost
-
Differs from this year b/fwd by
45,424
Last year c/fwd depreciation
-
Differs from this year b/fwd by
30,111
4
Debtors
2024
Amounts falling due within one year:
£
Trade debtors
6,440
BARNES CONSTRUCTION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
£
Trade creditors
2,654
Other creditors
600
3,254
2024-02-292023-03-01falseCCH SoftwareCCH Accounts Production 2024.100No description of principal activityR BarnesP E BarnesfalsefalseThe members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.60808562023-03-012024-02-2960808562024-02-296080856core:OtherPropertyPlantEquipment2024-02-296080856core:CurrentFinancialInstrumentscore:WithinOneYear2024-02-296080856core:CurrentFinancialInstruments2024-02-296080856core:ShareCapital2024-02-296080856core:RetainedEarningsAccumulatedLosses2024-02-296080856bus:Director12023-03-012024-02-296080856core:PlantMachinery2023-03-012024-02-296080856core:OtherPropertyPlantEquipment2023-02-286080856core:OtherPropertyPlantEquipment2023-03-012024-02-296080856bus:PrivateLimitedCompanyLtd2023-03-012024-02-296080856bus:SmallCompaniesRegimeForAccounts2023-03-012024-02-296080856bus:FRS1022023-03-012024-02-296080856bus:AuditExempt-NoAccountantsReport2023-03-012024-02-296080856bus:Director22023-03-012024-02-296080856bus:FullAccounts2023-03-012024-02-29xbrli:purexbrli:sharesiso4217:GBP