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Company No: 07486373 (England and Wales)

BARWELL MOTORS LIMITED

Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

BARWELL MOTORS LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

BARWELL MOTORS LIMITED

COMPANY INFORMATION

For the financial year ended 31 January 2025
BARWELL MOTORS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2025
DIRECTORS P Bartle
C Bell
P A Bell
REGISTERED OFFICE 14 London Road
Newark
NG24 1TW
United Kingdom
COMPANY NUMBER 07486373 (England and Wales)
ACCOUNTANT Duncan & Toplis
14 London Road
Newark
NG24 1TW
BARWELL MOTORS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 January 2025
BARWELL MOTORS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 6,101 8,135
6,101 8,135
Current assets
Stocks 4 1,000 1,000
Debtors 5 3,576 13,589
Cash at bank and in hand 110,047 101,714
114,623 116,303
Creditors: amounts falling due within one year 6 ( 63,778) ( 58,186)
Net current assets 50,845 58,117
Total assets less current liabilities 56,946 66,252
Provision for liabilities ( 1,526) ( 2,034)
Net assets 55,420 64,218
Capital and reserves
Called-up share capital 7 60 60
Profit and loss account 55,360 64,158
Total shareholders' funds 55,420 64,218

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Barwell Motors Limited (registered number: 07486373) were approved and authorised for issue by the Board of Directors on 14 April 2025. They were signed on its behalf by:

C Bell
Director
BARWELL MOTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
BARWELL MOTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Barwell Motors Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 London Road, Newark, NG24 1TW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Pensions

The company operates a defined contribution pension scheme. Contributions payable for the year are charged in the Income Statement.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 25 % reducing balance
3 years straight line

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2024 62,416 62,416
At 31 January 2025 62,416 62,416
Accumulated depreciation
At 01 February 2024 54,281 54,281
Charge for the financial year 2,034 2,034
At 31 January 2025 56,315 56,315
Net book value
At 31 January 2025 6,101 6,101
At 31 January 2024 8,135 8,135

4. Stocks

2025 2024
£ £
Stocks 1,000 1,000

5. Debtors

2025 2024
£ £
Trade debtors 2,108 10,460
Amounts owed by directors (note 8) 0 149
Prepayments 1,468 2,980
3,576 13,589

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 14,379 12,671
Amounts owed to directors (note 8) 4 3
Accruals 3,000 3,144
Taxation and social security 46,395 42,368
63,778 58,186

7. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
15 A ordinary shares of £ 1.00 each 15 15
15 B ordinary shares of £ 1.00 each 15 15
10 C ordinary shares of £ 1.00 each 10 10
10 D ordinary shares of £ 1.00 each 10 10
10 E ordinary shares of £ 1.00 each 10 10
60 60

8. Related party transactions

Transactions with the entity’s directors (or members of its governing body)

Amounts owed by directors

2025 2024
£ £
P A Bell 0 149