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REGISTERED NUMBER: 10178718 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

PHILIP BARNES & CO (UTTOXETER) LIMITED

PHILIP BARNES & CO (UTTOXETER) LIMITED (REGISTERED NUMBER: 10178718)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


PHILIP BARNES & CO (UTTOXETER) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs F Bates
J P Clark
S Eardley
C J Humphreys





REGISTERED OFFICE: The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB





REGISTERED NUMBER: 10178718 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

PHILIP BARNES & CO (UTTOXETER) LIMITED (REGISTERED NUMBER: 10178718)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 33,750 48,750
Tangible assets 5 6,533 8,283
40,283 57,033

CURRENT ASSETS
Debtors 6 376,969 275,026
Cash at bank and in hand 8,514 17,176
385,483 292,202
CREDITORS
Amounts falling due within one year 7 221,874 170,589
NET CURRENT ASSETS 163,609 121,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

203,892

178,646

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 203,792 178,546
203,892 178,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:




J P Clark - Director


PHILIP BARNES & CO (UTTOXETER) LIMITED (REGISTERED NUMBER: 10178718)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Philip Barnes & Co (Uttoxeter) 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.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Revenue recognition
Turnover represents amounts chargeable to clients for professional services provided during the year including recoverable expenses and excluding value added tax.

Turnover includes the fair value of services provided on client assignments which are unbilled at the year end based on their stage of completion at the balance sheet date, and where the company has the right to consideration. Provision is made against unbilled amounts on those engagements where the right to receive consideration is contingent on factors outside the control of the company.

Amounts to be billed to clients
Unbilled turnover on client assignments is included in debtors.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


PHILIP BARNES & CO (UTTOXETER) LIMITED (REGISTERED NUMBER: 10178718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 150,000
AMORTISATION
At 1 May 2023 101,250
Charge for year 15,000
At 30 April 2024 116,250
NET BOOK VALUE
At 30 April 2024 33,750
At 30 April 2023 48,750

PHILIP BARNES & CO (UTTOXETER) LIMITED (REGISTERED NUMBER: 10178718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023 14,780
Additions 1,418
At 30 April 2024 16,198
DEPRECIATION
At 1 May 2023 6,497
Charge for year 3,168
At 30 April 2024 9,665
NET BOOK VALUE
At 30 April 2024 6,533
At 30 April 2023 8,283

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 364,119 272,176
Other debtors 12,850 2,850
376,969 275,026

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 6,223
Trade creditors 4,053 7,936
Taxation and social security 162,542 112,302
Other creditors 55,279 44,128
221,874 170,589

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 6,223

The loan is secured by a fixed and floating charge over the assets of the company.