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
Barques Design Limited
Company Information
for the year ended 31 May 2024
Directors
Jill Cosgrove
Mark Terry
Scott Heeks
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
Barques Design Limited
Statement of financial position
as at 31 May 2024
Tangible assets
5,578
4,333
Cash at bank and in hand
123,932
136,340
Creditors: amounts falling due within one year
(332,347)
(304,008)
Net current assets
48,699
79,480
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
Barques Design Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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.
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
At 31 May 2024
154,696
18,788
34,937
208,421
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
At 31 May 2024
5,576
-
2
5,578
At 31 May 2023
4,331
-
2
4,333
Amounts falling due within one year
Trade debtors
222,655
221,784
Accrued income and prepayments
12,267
9,989
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
Trade creditors
81,009
39,125
Taxes and social security
14,440
23,390
Other creditors
209,110
209,254
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
Barques Design Limited
Notes to the Accounts
for the year ended 31 May 2024
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).