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REGISTERED NUMBER: 01020396 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

M. T. Barnsley Limited

M. T. Barnsley Limited (Registered number: 01020396)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M. T. Barnsley Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M T Barnsley
K T Barnsley





SECRETARY: M T Barnsley





REGISTERED OFFICE: Belle View
Easton Lane
Chippenham
Wiltshire
SN14 0RW





REGISTERED NUMBER: 01020396 (England and Wales)

M. T. Barnsley Limited (Registered number: 01020396)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,695,990 3,246,953
Investments 5 25,880 23,530
Investment property 6 650,000 650,000
4,371,870 3,920,483

CURRENT ASSETS
Stocks 18,500 18,500
Debtors 1,967,775 1,604,898
Cash at bank 638,905 590,255
2,625,180 2,213,653
CREDITORS
Amounts falling due within one year 1,364,648 1,100,860
NET CURRENT ASSETS 1,260,532 1,112,793
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,632,402

5,033,276

CREDITORS
Amounts falling due after more than one
year

(608,012

)

(632,455

)

PROVISIONS FOR LIABILITIES (814,572 ) (703,907 )
NET ASSETS 4,209,818 3,696,914

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 945,769 647,378
Retained earnings 3,263,049 3,048,536
SHAREHOLDERS' FUNDS 4,209,818 3,696,914

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

M. T. Barnsley Limited (Registered number: 01020396)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 2 December 2024 and were signed on its behalf by:





M T Barnsley - Director


M. T. Barnsley Limited (Registered number: 01020396)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

M. T. Barnsley 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Plant and machinery30%reducing balance
Fixtures and fittings30%reducing balance
Motor vehiclesVarious ratesreducing balance
Freehold buildings2%straight line
Freehold landNot depreciated
Property improvements10%straight line

Property, plant and equipment are accounted for in accordance with FRS 102 (section 1A). The fixed assets are valued every 5 years with an interim valuation in year 3. The surplus or deficit on revaluation is transferred to the revaluation reserve. Any deferred tax provision relating to the revaluation is accounted for by increasing or reducing the balance of the Revaluation reserve.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

M. T. Barnsley Limited (Registered number: 01020396)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2023 5,264,705
Additions 674,828
Disposals (17,190 )
Revaluations 137,757
At 31 March 2024 6,060,100
DEPRECIATION
At 1 April 2023 2,017,752
Charge for year 519,884
Eliminated on disposal (12,893 )
Revaluation adjustments (160,633 )
At 31 March 2024 2,364,110
NET BOOK VALUE
At 31 March 2024 3,695,990
At 31 March 2023 3,246,953

Cost or valuation at 31 March 2024 is represented by:

Totals
£   
Valuation in 2022 863,171
Valuation in 2024 137,757
Cost 5,059,172
6,060,100

Freehold property was valued on an open market basis on 31 March 2024 by the directors .


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 April 2023 23,530
Revaluations 2,350
At 31 March 2024 25,880
NET BOOK VALUE
At 31 March 2024 25,880
At 31 March 2023 23,530

M. T. Barnsley Limited (Registered number: 01020396)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 March 2024 is represented by:
Totals
£   
Valuation in 2022 8,542
Valuation in 2024 2,350
Cost 14,988
25,880

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 650,000
NET BOOK VALUE
At 31 March 2024 650,000
At 31 March 2023 650,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 188,895
Cost 461,105
650,000

Investment property was valued on an open market basis on 31 March 2024 by the directors .

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,045,840 1,013,869

8. RESERVES
Revaluation
reserve
£   
At 1 April 2023 647,378
Revaluation reserve 298,391

At 31 March 2024 945,769

M. T. Barnsley Limited (Registered number: 01020396)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M T Barnsley
Balance outstanding at start of year 356,010 (217,334 )
Amounts advanced 329,979 573,344
Amounts repaid (312,971 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 373,018 356,010

No interest was charged on these advances.