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REGISTERED NUMBER: 06854362 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

BARNEWOOD LIMITED

BARNEWOOD LIMITED (REGISTERED NUMBER: 06854362)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARNEWOOD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: E V Hall





SECRETARY: R J Hall





REGISTERED OFFICE: Upper Panshill Farm
Murcott
Kidlington
Oxfordshire
OX5 2RQ





REGISTERED NUMBER: 06854362 (England and Wales)





ACCOUNTANTS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

BARNEWOOD LIMITED (REGISTERED NUMBER: 06854362)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 623,035 632,396

CURRENT ASSETS
Stocks 2,258 2,258
Debtors 5 32,629 29,638
Cash at bank 111,135 40,567
146,022 72,463
CREDITORS
Amounts falling due within one year 6 330,080 353,497
NET CURRENT LIABILITIES (184,058 ) (281,034 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

438,977

351,362

CREDITORS
Amounts falling due after more than one
year

7

(9,161

)

(19,163

)

PROVISIONS FOR LIABILITIES 8 (8,303 ) (6,671 )
NET ASSETS 421,513 325,528

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 421,413 325,428
SHAREHOLDERS' FUNDS 421,513 325,528

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

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

The director acknowledges her 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.

BARNEWOOD LIMITED (REGISTERED NUMBER: 06854362)

BALANCE SHEET - continued
31 JULY 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 director and authorised for issue on 27 November 2024 and were signed by:





E V Hall - Director


BARNEWOOD LIMITED (REGISTERED NUMBER: 06854362)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Barnewood Limited 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Revenue is recognised for the provision of services when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


BARNEWOOD LIMITED (REGISTERED NUMBER: 06854362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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.

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 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 August 2023 718,319 89,195 19,389
Additions 4,420 12,301 -
At 31 July 2024 722,739 101,496 19,389
DEPRECIATION
At 1 August 2023 134,081 71,454 10,635
Charge for year 14,455 7,510 1,313
At 31 July 2024 148,536 78,964 11,948
NET BOOK VALUE
At 31 July 2024 574,203 22,532 7,441
At 31 July 2023 584,238 17,741 8,754

BARNEWOOD LIMITED (REGISTERED NUMBER: 06854362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 43,235 23,300 893,438
Additions - 4,505 21,226
At 31 July 2024 43,235 27,805 914,664
DEPRECIATION
At 1 August 2023 28,979 15,893 261,042
Charge for year 4,331 2,978 30,587
At 31 July 2024 33,310 18,871 291,629
NET BOOK VALUE
At 31 July 2024 9,925 8,934 623,035
At 31 July 2023 14,256 7,407 632,396

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,962 27,682
Prepayments 6,667 1,956
32,629 29,638

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 10,000 10,000
Trade creditors 132 294
Tax 34,981 27,708
Social security and other taxes 35,973 32,790
Other creditors 1,524 1,315
Directors' current accounts 245,470 279,391
Accruals 2,000 1,999
330,080 353,497

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 9,161 19,163

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,303 6,671

BARNEWOOD LIMITED (REGISTERED NUMBER: 06854362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 August 2023 6,671
Provided during year 1,632
Balance at 31 July 2024 8,303

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100