Registered number
04507152
Barans Removals Ltd
Filleted Accounts
31 December 2024
Barans Removals Ltd
Registered number: 04507152
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 118,975 151,969
Current assets
Debtors 5 3,727 2,902
Cash at bank and in hand 83,390 96,419
87,117 99,321
Creditors: amounts falling due within one year 6 (88,857) (87,063)
Net current (liabilities)/assets (1,740) 12,258
Total assets less current liabilities 117,235 164,227
Creditors: amounts falling due after more than one year 7 (3,333) (21,522)
Provisions for liabilities (29,079) (26,714)
Net assets 84,823 115,991
Capital and reserves
Called up share capital 2 2
Profit and loss account 84,821 115,989
Shareholders' funds 84,823 115,991
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Baran
Director
Approved by the board on 4 March 2025
Barans Removals Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance basis
Motor Vehicles 20% reducing balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 50,000
At 31 December 2024 50,000
Amortisation
At 1 January 2024 50,000
At 31 December 2024 50,000
Net book value
At 31 December 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 21,398 30,987 458,589 510,974
Additions - - 39,855 39,855
Disposals - - (43,300) (43,300)
At 31 December 2024 21,398 30,987 455,144 507,529
Depreciation
At 1 January 2024 21,398 27,857 309,750 359,005
Charge for the year - 470 29,079 29,549
At 31 December 2024 21,398 28,327 338,829 388,554
Net book value
At 31 December 2024 - 2,660 116,315 118,975
At 31 December 2023 - 3,130 148,839 151,969
5 Debtors 2024 2023
£ £
Trade debtors 2,856 1,080
Other debtors 871 1,822
3,727 2,902
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 8,189 8,933
Trade creditors 7,020 25,539
Taxation and social security costs 16,217 7,191
Other creditors 47,431 35,400
88,857 87,063
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,333 13,333
Obligations under finance lease and hire purchase contracts - 8,189
3,333 21,522
8 Other information
Barans Removals Ltd is a private company limited by shares and incorporated in England. Its registered office is:
173 Nelson Road
Whitton
Middlesex
TW2 7BB
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