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REGISTERED NUMBER: 01337630 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Barntwist Limited

Barntwist Limited (Registered number: 01337630)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Barntwist Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr Edward Ah Ling
Mrs Soo Siew Ah Ling
Miss Angie Ling
Miss Christine Ling



SECRETARY: Mrs Soo Siew Ah Ling



REGISTERED OFFICE: 269 Old Kent Road
London
SE1 5LU



REGISTERED NUMBER: 01337630 (England and Wales)



ACCOUNTANTS: Alexander Associates
24A Aldermans Hill
Palmers Green
London
N13 4PN



BANKERS: HSBC Bank PLC
28 Borough High Street
London
SE1 1YB

Barntwist Limited (Registered number: 01337630)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 56,343 63,574
56,343 63,574

CURRENT ASSETS
Stocks 6 44,328 31,758
Debtors 7 181,593 191,056
Cash at bank 554,249 452,691
780,170 675,505
CREDITORS
Amounts falling due within one year 8 300,630 266,516
NET CURRENT ASSETS 479,540 408,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

535,883

472,563

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 535,881 472,561
SHAREHOLDERS' FUNDS 535,883 472,563

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

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

The directors acknowledge their 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.

Barntwist Limited (Registered number: 01337630)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





Mr Edward Ah Ling - Director


Barntwist Limited (Registered number: 01337630)

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

1. STATUTORY INFORMATION

Barntwist 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 goods, excluding value added tax. Turnover is recognised when goods and services have been provided.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 1977 has been fully amortised.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Evenly Over the term of the lease
Improvements to property - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 10 ) .

Barntwist Limited (Registered number: 01337630)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 3,500
AMORTISATION
At 1 January 2024
and 31 December 2024 3,500
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
Short to and Computer
leasehold property fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 110,331 40,774 118,668 27,255 297,028
Additions - - - 1,166 1,166
At 31 December 2024 110,331 40,774 118,668 28,421 298,194
DEPRECIATION
At 1 January 2024 110,331 15,360 89,526 18,237 233,454
Charge for year - 2,541 4,372 1,484 8,397
At 31 December 2024 110,331 17,901 93,898 19,721 241,851
NET BOOK VALUE
At 31 December 2024 - 22,873 24,770 8,700 56,343
At 31 December 2023 - 25,414 29,142 9,018 63,574

6. STOCKS
31.12.24 31.12.23
£    £   
Stocks 44,328 31,758

Barntwist Limited (Registered number: 01337630)

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

7. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors 75,267 89,149
Other debtors 19,434 16,833
VAT 31,035 29,217
125,736 135,199

Amounts falling due after more than one year:
Other debtors 55,857 55,857

Aggregate amounts 181,593 191,056

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 109,039 103,575
Taxation and social security 31,014 24,649
Other creditors 160,577 138,292
300,630 266,516