Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-305The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseNo description of principal activity4falsetrue 11386967 2023-07-01 2024-06-30 11386967 2022-07-01 2023-06-30 11386967 2024-06-30 11386967 2023-06-30 11386967 c:Director1 2023-07-01 2024-06-30 11386967 c:RegisteredOffice 2023-07-01 2024-06-30 11386967 d:MotorVehicles 2023-07-01 2024-06-30 11386967 d:MotorVehicles 2024-06-30 11386967 d:MotorVehicles 2023-06-30 11386967 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11386967 d:FurnitureFittings 2023-07-01 2024-06-30 11386967 d:FurnitureFittings 2024-06-30 11386967 d:FurnitureFittings 2023-06-30 11386967 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11386967 d:ComputerEquipment 2023-07-01 2024-06-30 11386967 d:ComputerEquipment 2024-06-30 11386967 d:ComputerEquipment 2023-06-30 11386967 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11386967 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 11386967 d:CurrentFinancialInstruments 2024-06-30 11386967 d:CurrentFinancialInstruments 2023-06-30 11386967 d:Non-currentFinancialInstruments 2024-06-30 11386967 d:Non-currentFinancialInstruments 2023-06-30 11386967 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11386967 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 11386967 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 11386967 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 11386967 d:ShareCapital 2024-06-30 11386967 d:ShareCapital 2023-06-30 11386967 d:RetainedEarningsAccumulatedLosses 2024-06-30 11386967 d:RetainedEarningsAccumulatedLosses 2023-06-30 11386967 c:FRS102 2023-07-01 2024-06-30 11386967 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 11386967 c:FullAccounts 2023-07-01 2024-06-30 11386967 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure
Company registration number: 11386967







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024


THE BARBELL DIVISION LIMITED






































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THE BARBELL DIVISION LIMITED
 


 
COMPANY INFORMATION


Director
D D Jay 




Registered number
11386967



Registered office
Bishopsmore
Bishopswood Road

Southampton

Hampshire

SO32 2PP




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX





 


THE BARBELL DIVISION LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 7

 


THE BARBELL DIVISION LIMITED
REGISTERED NUMBER:11386967



STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
15,777
13,536

  
15,777
13,536

Current assets
  

Debtors: amounts falling due within one year
 5 
-
6,744

Cash at bank and in hand
  
2,890
1,292

  
2,890
8,036

Creditors: amounts falling due within one year
 6 
(125,612)
(79,873)

Net current liabilities
  
 
 
(122,722)
 
 
(71,837)

Total assets less current liabilities
  
(106,945)
(58,301)

Creditors: amounts falling due after more than one year
 7 
(3,948)
(7,206)

  

Net liabilities
  
(110,893)
(65,507)

Page 1

 


THE BARBELL DIVISION LIMITED
REGISTERED NUMBER:11386967


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

2024
2023
£
£

Capital and reserves
  

Called up share capital 
  
12,000
12,000

Profit and loss account
  
(122,893)
(77,507)

  
(110,893)
(65,507)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




D D Jay
Director

Date: 22 March 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 


THE BARBELL DIVISION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

The Barbell Division 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.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


THE BARBELL DIVISION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis or straight line basis.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 4

 


THE BARBELL DIVISION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 4).

Page 5

 


THE BARBELL DIVISION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2023
213
37,144
528
37,885


Additions
-
7,668
-
7,668



At 30 June 2024

213
44,812
528
45,553



Depreciation


At 1 July 2023
126
23,880
343
24,349


Charge for the year on owned assets
17
5,304
106
5,427



At 30 June 2024

143
29,184
449
29,776



Net book value



At 30 June 2024
70
15,628
79
15,777



At 30 June 2023
87
13,264
185
13,536


5.


Debtors

2024
2023
£
£


Other debtors
-
3,784

Tax recoverable
-
2,960

-
6,744


Page 6

 


THE BARBELL DIVISION LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
3,584
3,060

Other loans
114,557
67,933

Trade creditors
3,125
3,120

Corporation tax
-
3,235

Other taxation and social security
1,311
-

Accruals and deferred income
3,035
2,525

125,612
79,873



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
3,948
7,206

3,948
7,206


 
Page 7