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Company Registration No. 12982508 (England and Wales)
BARNEYRACING LTD Unaudited accounts for the year ended 31 October 2024
BARNEYRACING LTD Unaudited accounts Contents
Page
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BARNEYRACING LTD Company Information for the year ended 31 October 2024
Director
Paula Killingsworth
Company Number
12982508 (England and Wales)
Registered Office
112-113 High Street LINCOLN LN5 7PY ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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BARNEYRACING LTD Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,231 
3,714 
Current assets
Debtors
1,481 
- 
Cash at bank and in hand
1,605 
18,440 
3,086 
18,440 
Creditors: amounts falling due within one year
(917)
(24,298)
Net current assets/(liabilities)
2,169 
(5,858)
Net assets/(liabilities)
6,400 
(2,144)
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
87,550 
60,000 
Profit and loss account
(81,250)
(62,244)
Shareholders' funds
6,400 
(2,144)
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 May 2025 and were signed on its behalf by
Paula Killingsworth Director Company Registration No. 12982508
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BARNEYRACING LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
BARNEYRACING LTD is a private company, limited by shares, registered in England and Wales, registration number 12982508. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% Reducing balance
Motor vehicles
20% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of advertisement services when services have been delivered to customers such that risks and rewards of ownership have transferred to them.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
8,175 
1,232 
9,407 
Additions
- 
2,075 
2,075 
At 31 October 2024
8,175 
3,307 
11,482 
Depreciation
At 1 November 2023
5,091 
602 
5,693 
Charge for the year
1,017 
541 
1,558 
At 31 October 2024
6,108 
1,143 
7,251 
Net book value
At 31 October 2024
2,067 
2,164 
4,231 
At 31 October 2023
3,084 
630 
3,714 
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BARNEYRACING LTD Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,481 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
542 
Trade creditors
86 
- 
Loans from directors
231 
23,156 
Accruals
600 
600 
917 
24,298 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Capital contribution reserve
The director has made funding available to support the team development and exposure to potential team sponsors. To date a capital contribution of some £87,550
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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