Registered number
04936810
Barnard & Hoad Glazing Limited
Unaudited Filleted Accounts
31 October 2024
Barnard & Hoad Glazing Limited
Registered number: 04936810
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 26,953 19,210
Current assets
Stocks 19,166 14,164
Debtors 4 80,258 102,289
Cash at bank and in hand 906,175 957,448
1,005,599 1,073,901
Creditors: amounts falling due within one year 6 (155,146) (215,867)
Net current assets 850,453 858,034
Total assets less current liabilities 877,406 877,244
Provisions for liabilities (6,738) (4,802)
Net assets 870,668 872,442
Capital and reserves
Called up share capital 100 100
Profit and loss account 870,568 872,342
Shareholders' funds 870,668 872,442
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.
Mr. N. C. Hoad
Director
Approved by the board on 14 January 2025
Barnard & Hoad Glazing Limited
Notes to the Accounts
for the year ended 31 October 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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Plant and machinery 33% staright line
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 8
3 Tangible fixed assets
Fixtures and fittings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 November 2023 2,495 11,998 83,513 98,006
Additions - - 19,890 19,890
Disposals - - (13,820) (13,820)
At 31 October 2024 2,495 11,998 89,583 104,076
Depreciation
At 1 November 2023 1,680 8,556 68,560 78,796
Charge for the year 340 2,912 8,649 11,901
On disposals - - (13,574) (13,574)
At 31 October 2024 2,020 11,468 63,635 77,123
Net book value
At 31 October 2024 475 530 25,948 26,953
At 31 October 2023 815 3,442 14,953 19,210
4 Debtors 2024 2023
£ £
Trade debtors 61,505 72,437
Prepayments and accrued income 18,753 29,852
80,258 102,289
5 Called up share capital 2024 2023
Alloted, issued and fully paid £ £
Class Number Nominal
Value
£
Ordinary A 50 1 50 50
Ordinary B 50 1 50 50
100 100
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 6,128 13,545
Taxation and social security costs 137,996 194,770
Pensions payable - 638
Accruals and deferred income 3,500 2,970
Other creditors 7,522 3,944
155,146 215,867
7 Related party transactions
Creditors include a balance of £7,522 (2023: £3,944) owed by the company to the directors. This debt is unsecured, interest free and repayable upon demand.
8 Controlling party
Mr. N. C. Hoad and Mrs. D. C. Hoad
9 Other information
Barnard & Hoad Glazing Limited is a private company limited by shares and incorporated in England. Its registered office is:
Old Court
Lewes Road
Ridgewood
Uckfield
TN22 5SL
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