Company Registration No. 10217066 (England and Wales)
Barrier Wing Group Limited
Unaudited accounts
for the year ended 30 June 2024
Barrier Wing Group Limited
Unaudited accounts
Contents
Barrier Wing Group Limited
Company Information
for the year ended 30 June 2024
Company Number
10217066 (England and Wales)
Registered Office
32 Oakwood Avenue
Southall
Middlesex
UB1 3QD
United Kingdom
Barrier Wing Group Limited
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
90,018
155,155
Creditors: amounts falling due within one year
(95,630)
(104,289)
Net current assets
74,192
118,810
Total assets less current liabilities
74,560
121,744
Creditors: amounts falling due after more than one year
(11,257)
(21,906)
Called up share capital
100
100
Profit and loss account
63,203
99,738
Shareholders' funds
63,303
99,838
For the year ending 30 June 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by
I R Khan
Director
Company Registration No. 10217066
Barrier Wing Group Limited
Notes to the Accounts
for the year ended 30 June 2024
Barrier Wing Group Limited is a private company, limited by shares, registered in England and Wales, registration number 10217066. The registered office is 32 Oakwood Avenue, Southall, Middlesex, UB1 3QD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost
Computer equipment
25% on cost
Expenditure on research and development is written off in the year in which it is incurred.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Barrier Wing Group Limited
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
79,471
67,611
Accrued income and prepayments
333
333
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
11,243
10,594
Trade creditors
20,431
33,080
Taxes and social security
15,306
9,944
Other creditors
6,013
5,291
Loans from directors
23,862
25,000
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
During the year dividends of £26,010 (2023: £25,500) and £24,990 (2023: £24,500) were distributed to Mr I R Khan and Mrs I U Khan respectively.
Included in other creditors are the amounts of £9,656 (2023: £12,750) and £14,206 (2023: £12,250) owed to Mr I R Khan & Mrs I U Khan respectively.
Barrier Wing Group Limited
Notes to the Accounts
for the year ended 30 June 2024
9
Average number of employees
During the year the average number of employees was 8 (2023: 16).