Acorah Software Products - Accounts Production 16.2.850 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 06252138 Mr J B Holt iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06252138 2023-09-30 06252138 2024-09-30 06252138 2023-10-01 2024-09-30 06252138 frs-core:CurrentFinancialInstruments 2024-09-30 06252138 frs-core:Non-currentFinancialInstruments 2024-09-30 06252138 frs-core:BetweenOneFiveYears 2024-09-30 06252138 frs-core:ComputerEquipment 2024-09-30 06252138 frs-core:ComputerEquipment 2023-10-01 2024-09-30 06252138 frs-core:ComputerEquipment 2023-09-30 06252138 frs-core:FurnitureFittings 2024-09-30 06252138 frs-core:FurnitureFittings 2023-10-01 2024-09-30 06252138 frs-core:FurnitureFittings 2023-09-30 06252138 frs-core:MotorVehicles 2024-09-30 06252138 frs-core:MotorVehicles 2023-10-01 2024-09-30 06252138 frs-core:MotorVehicles 2023-09-30 06252138 frs-core:PlantMachinery 2024-09-30 06252138 frs-core:PlantMachinery 2023-10-01 2024-09-30 06252138 frs-core:PlantMachinery 2023-09-30 06252138 frs-core:WithinOneYear 2024-09-30 06252138 frs-core:ShareCapital 2024-09-30 06252138 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 06252138 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 06252138 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 06252138 frs-bus:SmallEntities 2023-10-01 2024-09-30 06252138 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 06252138 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 06252138 frs-bus:Director1 2023-10-01 2024-09-30 06252138 frs-countries:EnglandWales 2023-10-01 2024-09-30 06252138 2022-09-30 06252138 2023-09-30 06252138 2022-10-01 2023-09-30 06252138 frs-core:CurrentFinancialInstruments 2023-09-30 06252138 frs-core:Non-currentFinancialInstruments 2023-09-30 06252138 frs-core:BetweenOneFiveYears 2023-09-30 06252138 frs-core:WithinOneYear 2023-09-30 06252138 frs-core:ShareCapital 2023-09-30 06252138 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30
Registered number: 06252138
Barnard Fencing Ltd
Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06252138
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 98,833 115,280
98,833 115,280
CURRENT ASSETS
Stocks 5 298,000 302,000
Debtors 6 129,039 98,145
Cash at bank and in hand - 9,720
427,039 409,865
Creditors: Amounts Falling Due Within One Year 7 (254,449 ) (185,948 )
NET CURRENT ASSETS (LIABILITIES) 172,590 223,917
TOTAL ASSETS LESS CURRENT LIABILITIES 271,423 339,197
Creditors: Amounts Falling Due After More Than One Year 8 (183,620 ) (211,147 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (12,102 ) (14,801 )
NET ASSETS 75,701 113,249
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 75,601 113,149
SHAREHOLDERS' FUNDS 75,701 113,249
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J B Holt
Director
24 April 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Barnard Fencing Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06252138 . The registered office is 550 Valley Rd, Basford, Nottingham, NG5 1JJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 15% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2023 148,780 95,023 11,098 7,581 262,482
Additions 6,261 - 485 - 6,746
As at 30 September 2024 155,041 95,023 11,583 7,581 269,228
Depreciation
As at 1 October 2023 91,517 46,120 6,164 3,401 147,202
Provided during the period 9,528 12,226 812 627 23,193
As at 30 September 2024 101,045 58,346 6,976 4,028 170,395
Net Book Value
As at 30 September 2024 53,996 36,677 4,607 3,553 98,833
As at 1 October 2023 57,263 48,903 4,934 4,180 115,280
5. Stocks
2024 2023
£ £
Stock 298,000 302,000
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6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 75,250 60,150
Prepayments and accrued income 23,509 3,778
Other debtors 23,795 32,117
Director's loan account 6,485 2,100
129,039 98,145
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 11,822 11,822
Trade creditors 160,846 108,975
Bank loans and overdrafts 21,347 9,829
Corporation tax 3,309 8,533
Other taxes and social security 15,013 8,447
VAT 32,962 32,353
Other creditors 5,748 5,989
Accruals and deferred income 3,402 -
254,449 185,948
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 16,331 28,153
Bank loans 7,489 17,594
Other creditors 159,800 165,400
183,620 211,147
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 11,822 11,822
Later than one year and not later than five years 16,331 28,153
28,153 39,975
28,153 39,975
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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11. Related Party Transactions
At the balance sheet date, the director Mr J B Holt owed the company £6,485 (2023: £2,100). The director has fully repaid the balance within 9 months of the balance sheet date. The amount is unsecured and interest-free.
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