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REGISTERED NUMBER: 04250638 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Barford Education and Training
(North East) Limited

Barford Education and Training
(North East) Limited (Registered number: 04250638)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barford Education and Training
(North East) Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: R J Heatherill





REGISTERED OFFICE: 11 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ





REGISTERED NUMBER: 04250638 (England and Wales)

Barford Education and Training
(North East) Limited (Registered number: 04250638)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 300 300
Tangible assets 5 241,032 227,204
241,332 227,504

CURRENT ASSETS
Stocks - 94,250
Debtors 6 1,054,897 1,291,963
Cash at bank and in hand 9,459 344
1,064,356 1,386,557
CREDITORS
Amounts falling due within one year 7 469,397 756,689
NET CURRENT ASSETS 594,959 629,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

836,291

857,372

CREDITORS
Amounts falling due after more than one
year

8

83,134

108,718
NET ASSETS 753,157 748,654

CAPITAL AND RESERVES
Called up share capital 10 67 67
Capital redemption reserve 33 33
Retained earnings 753,057 748,554
SHAREHOLDERS' FUNDS 753,157 748,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Barford Education and Training
(North East) Limited (Registered number: 04250638)

Balance Sheet - continued
31 July 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





R J Heatherill - Director


Barford Education and Training
(North East) Limited (Registered number: 04250638)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Barford Education and Training (North East) 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

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance and 25% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet when the company becomes party to the contractual provisions of the instrument.

Cash and cash equivalents
These comprise cash at bank and any short term highly liquid bank deposits with an original maturity of three month or less.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is evidence that the asset is impaired.

Trade creditors
Trade creditors are not interest bearing and are stated at their nominal value.


Barford Education and Training
(North East) Limited (Registered number: 04250638)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 300
NET BOOK VALUE
At 31 July 2024 300
At 31 July 2023 300

Barford Education and Training
(North East) Limited (Registered number: 04250638)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 565,817
Additions 53,669
At 31 July 2024 619,486
DEPRECIATION
At 1 August 2023 338,613
Charge for year 39,841
At 31 July 2024 378,454
NET BOOK VALUE
At 31 July 2024 241,032
At 31 July 2023 227,204

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023 91,995
Additions 49,169
Transfer to ownership (30,000 )
At 31 July 2024 111,164
DEPRECIATION
At 1 August 2023 32,958
Charge for year 22,025
Transfer to ownership (15,217 )
At 31 July 2024 39,766
NET BOOK VALUE
At 31 July 2024 71,398
At 31 July 2023 59,037

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 139,466 194,797
Other debtors 915,431 1,097,166
1,054,897 1,291,963

Barford Education and Training
(North East) Limited (Registered number: 04250638)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,000 104,233
Hire purchase contracts 27,297 26,861
Trade creditors 5,169 219,489
Taxation and social security 16,050 15,318
Other creditors 410,881 390,788
469,397 756,689

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 9,167 19,167
Hire purchase contracts 24,748 18,457
Other creditors 49,219 71,094
83,134 108,718

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank overdraft - 94,233
Bank loans 19,167 29,167
Other loans 71,094 92,969
Hire purchase contracts 52,045 45,318
142,306 261,687

The bank loan and overdraft are secured by a debenture over the assets of the company. Hire purchase liabilities are secured against the assets concerned.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
67 Ordinary £1 67 67