2023-09-012024-08-312024-08-31false12827960BARNES THOMPSON DEVELOPMENTS 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BARNES THOMPSON DEVELOPMENTS LTD

Registered Number
12827960
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

BARNES THOMPSON DEVELOPMENTS LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

BARNES, Ryan
THOMPSON, Chris

Registered Address

Barnes Thompson Developments Ltd
Back Chapman Street
Newcastle Upon Tyne
NE6 2XX

Registered Number

12827960 (England and Wales)
BARNES THOMPSON DEVELOPMENTS LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets331,6164,228
31,6164,228
Current assets
Debtors444,837104,364
Cash at bank and on hand31,4447,340
76,281111,704
Creditors amounts falling due within one year5(124,688)(120,752)
Net current assets (liabilities)(48,407)(9,048)
Total assets less current liabilities(16,791)(4,820)
Creditors amounts falling due after one year6(28,488)-
Net assets(45,279)(4,820)
Capital and reserves
Called up share capital1010
Profit and loss account(45,289)(4,830)
Shareholders' funds(45,279)(4,820)
The financial statements were approved and authorised for issue by the Board of Directors on 21 February 2025, and are signed on its behalf by:
BARNES, Ryan
Director
Registered Company No. 12827960
BARNES THOMPSON DEVELOPMENTS LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Vehicles-3
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 September 2312,126-12,126
Additions-43,28543,285
At 31 August 2412,12643,28555,411
Depreciation and impairment
At 01 September 237,898-7,898
Charge for year3,03212,86515,897
At 31 August 2410,93012,86523,795
Net book value
At 31 August 241,19630,42031,616
At 31 August 234,228-4,228
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables18,92518,925
Other debtors25,91285,439
Total44,837104,364
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables33,18625,482
Bank borrowings and overdrafts-6,855
Taxation and social security91,50246,440
Accrued liabilities and deferred income-41,975
Total124,688120,752
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts28,488-
Total28,488-