Company registration number 03827539 (England and Wales)
BARBER DESIGN CONSULTANCY LIMITED
Unaudited financial statements
For the year ended 31 August 2024
Pages for filing with registrar
BARBER DESIGN CONSULTANCY LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 5
BARBER DESIGN CONSULTANCY LIMITED
STATEMENT OF FINANCIAL POSITION
As at 31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
3
8,017
8,224
Current assets
Trade and other receivables
4
80,945
53,342
Cash and cash equivalents
196,562
105,025
277,507
158,367
Current liabilities
5
(107,547)
(120,519)
Net current assets
169,960
37,848
Total assets less current liabilities
177,977
46,072
Non-current liabilities
6
(18,821)
(22,783)
Provisions for liabilities
7
(2,004)
(1,563)
Net assets
157,152
21,726
Equity
Called up share capital
8
100
100
Retained earnings
157,052
21,626
Total equity
157,152
21,726

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 12 May 2025
D G Barber
Director
Company Registration No. 03827539
BARBER DESIGN CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 August 2024
- 2 -
1
Accounting policies
Company information

Barber Design Consultancy Limited is a private company limited by shares incorporated in England and Wales. The registered office is 82 Bishops Mansions, Bishops Park Road, London, SW6 6DY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue 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.

1.3
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
25% reducing balance per annum
Computer equipment
25% reducing balance per annum
1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

BARBER DESIGN CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 August 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
2
BARBER DESIGN CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 August 2024
- 4 -
3
Property, plant and equipment
Plant and machinery etc
£
Cost
At 1 September 2023
25,367
Additions
2,465
At 31 August 2024
27,832
Depreciation and impairment
At 1 September 2023
17,143
Depreciation charged in the year
2,672
At 31 August 2024
19,815
Carrying amount
At 31 August 2024
8,017
At 31 August 2023
8,224
4
Trade and other receivables
2024
2023
Amounts falling due within one year:
£
£
Trade receivables
59,490
11,970
Other receivables
21,455
41,372
80,945
53,342
5
Current liabilities
2024
2023
£
£
Bank loans
3,962
3,962
Trade payables
5,182
14,572
Corporation tax
52,882
3,061
Other taxation and social security
1,023
-
0
Other payables
44,498
98,924
107,547
120,519
BARBER DESIGN CONSULTANCY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
For the year ended 31 August 2024
- 5 -
6
Non-current liabilities
2024
2023
£
£
Bank loans and overdrafts
18,821
22,783
Creditors which fall due after five years are as follows:
2024
2023
£
£
Payable by instalments
2,972
6,934
7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
2,004
1,563
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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