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REGISTERED NUMBER: SC424158 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Barnhill Cabs Ltd

Barnhill Cabs Ltd (Registered number: SC424158)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Barnhill Cabs Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: D J Brown





REGISTERED OFFICE: 5 Summerville Avenue
Summerville
Dumfries
DG2 9BY





REGISTERED NUMBER: SC424158 (Scotland)





ACCOUNTANTS: CMCA Accounting
25A Buccleuch Street
Dumfries
Dumfries & Galloway
DG1 2AT

Barnhill Cabs Ltd (Registered number: SC424158)

Balance Sheet
31 May 2024

31.5.23 31.5.24
£    £    Notes £    £   
FIXED ASSETS
42,740 Tangible assets 4 32,700

CURRENT ASSETS
14,818 Cash at bank 23,372

CREDITORS
24,334 Amounts falling due within one year 5 24,688
(9,516 ) NET CURRENT LIABILITIES (1,316 )
33,224 TOTAL ASSETS LESS CURRENT
LIABILITIES

31,384

CREDITORS
17,585 Amounts falling due after more than one
year

6

11,428
15,639 NET ASSETS 19,956

CAPITAL AND RESERVES
100 Called up share capital 100
15,539 Retained earnings 19,856
15,639 19,956

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 January 2025 and were signed by:



D J Brown - Director


Barnhill Cabs Ltd (Registered number: SC424158)

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

1. STATUTORY INFORMATION

Barnhill Cabs Ltd is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

Barnhill Cabs Ltd (Registered number: SC424158)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 63,008
DEPRECIATION
At 1 June 2023 20,268
Charge for year 10,040
At 31 May 2024 30,308
NET BOOK VALUE
At 31 May 2024 32,700
At 31 May 2023 42,740

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 56,645
DEPRECIATION
At 1 June 2023 16,520
Charge for year 10,025
At 31 May 2024 26,545
NET BOOK VALUE
At 31 May 2024 30,100
At 31 May 2023 40,125

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts - 1,500
Hire purchase contracts 10,667 15,038
Taxation and social security 12,327 6,564
Other creditors 1,694 1,232
24,688 24,334

Barnhill Cabs Ltd (Registered number: SC424158)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 11,428 17,585

7. RELATED PARTY DISCLOSURES

At 31 May 2024 an amount of £6 was owed to director D Brown by means of a directors loan account (2023-£196). This sum is interest free and repayable on demand.

Dividends of £25,500 were paid to directors during the year.