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Registered number: 07642054
Barnard Management Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Edmonds Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07642054
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 28,184 34,986
28,184 34,986
CURRENT ASSETS
Debtors 5 11,448 16,782
Cash at bank and in hand 288,954 272,405
300,402 289,187
Creditors: Amounts Falling Due Within One Year 6 (34,004 ) (47,812 )
NET CURRENT ASSETS (LIABILITIES) 266,398 241,375
TOTAL ASSETS LESS CURRENT LIABILITIES 294,582 276,361
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (5,355 ) (6,647 )
NET ASSETS 289,227 269,714
CAPITAL AND RESERVES
Called up share capital 3 3
Profit and Loss Account 289,224 269,711
SHAREHOLDERS' FUNDS 289,227 269,714
Page 1
Page 2
For the year ending 31 July 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R Saunders
Director
10/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Barnard Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07642054 . The registered office is 5 The Cedars, Headley, Thatcham, Berkshire, RG19 8FE.
2. Accounting Policies
2.1. Basis of Preparation of 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.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.
Revenue is recognised for the provision of services as the contractual activity progresses.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor Vehicles 20% on reducing balance
Computer Equipment 33% on cost
2.4. Leasing and Hire Purchase Contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained
Earnings, 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 statement of financial position date.
2.6. Pensions
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. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 August 2023 45,439 3,148 48,587
Additions - 675 675
As at 31 July 2024 45,439 3,823 49,262
Depreciation
As at 1 August 2023 11,529 2,072 13,601
Provided during the period 6,782 695 7,477
As at 31 July 2024 18,311 2,767 21,078
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 July 2024 27,128 1,056 28,184
As at 1 August 2023 33,910 1,076 34,986
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,938 16,782
Other debtors 9,510 -
11,448 16,782
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors - 490
Taxation and social security 34,004 47,322
34,004 47,812
7. Deferred Taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement
of financial position 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.
2024 2023
£ £
Other timing differences 5,355 6,647
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Richard Saunders (490 ) 14,548 (4,548 ) - 9,510
The above loan is unsecured, interest free and repayable on demand.
Page 4