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Registered number: 04467632
Ann Barnard Limited
Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04467632
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 2,311 3,081
2,311 3,081
CURRENT ASSETS
Debtors 6 4,816 4,800
Cash at bank and in hand 81,055 120,536
85,871 125,336
Creditors: Amounts Falling Due Within One Year 7 (37,287 ) (78,172 )
NET CURRENT ASSETS (LIABILITIES) 48,584 47,164
TOTAL ASSETS LESS CURRENT LIABILITIES 50,895 50,245
NET ASSETS 50,895 50,245
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 50,795 50,145
SHAREHOLDERS' FUNDS 50,895 50,245
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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
Mrs M A Walker
Director
13 February 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ann Barnard Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04467632 . The registered office is Yew Tree House, Lewes Road, Forest Row, East Sussex, RH18 5AA.
The company's principal activity continues to be that of music preparation.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Reducing Balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.6.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 15,000
As at 31 August 2024 15,000
Amortisation
As at 1 September 2023 15,000
As at 31 August 2024 15,000
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
5. Tangible Assets
Computer Equipment
£
Cost
As at 1 September 2023 23,241
As at 31 August 2024 23,241
Depreciation
As at 1 September 2023 20,160
Provided during the period 770
As at 31 August 2024 20,930
Net Book Value
As at 31 August 2024 2,311
As at 1 September 2023 3,081
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,166 4,150
Other debtors 650 650
4,816 4,800
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 135 164
Other creditors 24,115 52,232
Taxation and social security 13,037 25,776
37,287 78,172
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included in other creditors due within one year is a loan from the director, Mrs M A Walker, amounting to £21,320 (2023 - £47,071).
10. Controlling Parties
The company's ultimate controlling party is its director, Mrs M A Walker , by virtue of their interest in the share capital of the company.
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