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Company Registration No. 2275547 (England and Wales)
Barques Design Limited Unaudited accounts for the year ended 31 May 2024
Barques Design Limited Unaudited accounts Contents
Page
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Barques Design Limited Company Information for the year ended 31 May 2024
Directors
Jill Cosgrove Mark Terry Scott Heeks
Secretary
Jill Cosgrove
Company Number
2275547 (England and Wales)
Registered Office
Ludgate Place 23 Ludgate Hill Birmingham B3 1DX
Accountants
Bayliss & Co Flat 1, 4 Tower View Selly Oak Birmingham West Midlands B29 6WH
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Barques Design Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,578 
4,333 
Current assets
Debtors
242,539 
232,573 
Investments
14,575 
14,575 
Cash at bank and in hand
123,932 
136,340 
381,046 
383,488 
Creditors: amounts falling due within one year
(332,347)
(304,008)
Net current assets
48,699 
79,480 
Net assets
54,277 
83,813 
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
54,257 
83,793 
Shareholders' funds
54,277 
83,813 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by
Jill Cosgrove Director Company Registration No. 2275547
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Barques Design Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Barques Design Limited is a private company, limited by shares, registered in England and Wales, registration number 2275547. The registered office is Ludgate Place, 23 Ludgate Hill, Birmingham, B3 1DX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum of cost and 5% on plant within buildings
Motor vehicles
25% per annum of cost
Fixtures & fittings
25 % per annum of cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Barques Design Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
150,101 
18,788 
34,937 
203,826 
Additions
4,595 
- 
- 
4,595 
At 31 May 2024
154,696 
18,788 
34,937 
208,421 
Depreciation
At 1 June 2023
145,770 
18,788 
34,935 
199,493 
Charge for the year
3,350 
- 
- 
3,350 
At 31 May 2024
149,120 
18,788 
34,935 
202,843 
Net book value
At 31 May 2024
5,576 
- 
2 
5,578 
At 31 May 2023
4,331 
- 
2 
4,333 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
222,655 
221,784 
Accrued income and prepayments
12,267 
9,989 
Other debtors
7,617 
800 
242,539 
232,573 
6
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
14,575 
14,575 
The company owns a timeshare at a cost of £14,575. The directors believe that the market value is not significantly different from the cost value.
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
24,588 
23,349 
Trade creditors
81,009 
39,125 
Taxes and social security
14,440 
23,390 
Other creditors
209,110 
209,254 
Accruals
3,200 
8,890 
332,347 
304,008 
8
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 May 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
26,208 
26,208 
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Barques Design Limited Notes to the Accounts for the year ended 31 May 2024
9
Controlling party
The company is a wholly owned subsidiary of Barques Trading Limited, whose registered office is Ludgate Place, 23 Ludgate Hill, Birmingham, United Kingdom, B3 1DX.
10
Average number of employees
During the year the average number of employees was 18 (2023: 17).
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