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REGISTERED NUMBER: 09072048 (England and Wales)














BARNES FIELD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






BARNES FIELD LIMITED (REGISTERED NUMBER: 09072048)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARNES FIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: S E Barnes





REGISTERED OFFICE: The Terrace
31 Wellington Road
Dewsbury
West Yorkshire
WF13 1HL





REGISTERED NUMBER: 09072048 (England and Wales)





ACCOUNTANTS: UHY BPR Heaton
Chartered Accountants
Glenewes House
Gate Way Drive
Leeds
West Yorkshire
LS19 7XY

BARNES FIELD LIMITED (REGISTERED NUMBER: 09072048)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 199,849 405,088
199,849 405,088

CURRENT ASSETS
Stocks 57,004 45,014
Debtors 6 156,747 46,596
Cash at bank and in hand 76,462 123,413
290,213 215,023
CREDITORS
Amounts falling due within one year 7 308,847 453,827
NET CURRENT LIABILITIES (18,634 ) (238,804 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,215

166,284

CREDITORS
Amounts falling due after more than one
year

8

(60,606

)

(106,061

)

PROVISIONS FOR LIABILITIES (27,140 ) -
NET ASSETS 93,469 60,223

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 93,369 60,123
SHAREHOLDERS' FUNDS 93,469 60,223

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

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

The director acknowledges her 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.

BARNES FIELD LIMITED (REGISTERED NUMBER: 09072048)

BALANCE SHEET - continued
31 JULY 2024


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 29 January 2025 and were signed by:





S E Barnes - Director


BARNES FIELD LIMITED (REGISTERED NUMBER: 09072048)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Barnes Field Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Goodwill and intangible fixed assets
Goodwill and other intangible fixed assets have been capitalised and are amortised on a straight line basis over the estimated useful economic life of five and ten years, which was chosen because the directors are of the opinion that this is the period over which the company will receive economic benefits from these assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Leasehold improvements - 20% on reducing balance
Plant and machinery - 5% on reducing balance
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

BARNES FIELD LIMITED (REGISTERED NUMBER: 09072048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2023 - 57 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 33,031
AMORTISATION
At 1 August 2023
and 31 July 2024 33,031
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 229,652 335,131 564,783
Additions - 18,194 18,194
Disposals (214,713 ) - (214,713 )
At 31 July 2024 14,939 353,325 368,264
DEPRECIATION
At 1 August 2023 16,861 142,834 159,695
Charge for year 1,757 11,552 13,309
Eliminated on disposal (4,589 ) - (4,589 )
At 31 July 2024 14,029 154,386 168,415
NET BOOK VALUE
At 31 July 2024 910 198,939 199,849
At 31 July 2023 212,791 192,297 405,088

BARNES FIELD LIMITED (REGISTERED NUMBER: 09072048)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 242 200
Amounts owed by group undertakings 104,419 709
Other debtors 52,086 45,687
156,747 46,596

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 45,455 45,455
Trade creditors 53,955 74,135
Taxation and social security 74,658 67,072
Other creditors 134,779 267,165
308,847 453,827

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 60,606 106,061

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 68,100 68,100
Between one and five years 191,775 234,775
In more than five years 3,138 28,238
263,013 331,113

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 106,061 151,516

Interest on the bank loan, which is repayable by monthly instalments, is charged at a commercial rate of interest. The bank loan is secured by a charge on the company's assets.