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Company No: 06348346 (England and Wales)

BARN CLIMBING LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

BARN CLIMBING LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

BARN CLIMBING LIMITED

BALANCE SHEET

As at 30 September 2024
BARN CLIMBING LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 30,454 31,996
30,454 31,996
Current assets
Stocks 15,600 24,165
Debtors 4 5,167 3,758
Cash at bank and in hand 1,627 14,109
22,394 42,032
Creditors: amounts falling due within one year 5 ( 19,516) ( 46,102)
Net current assets/(liabilities) 2,878 (4,070)
Total assets less current liabilities 33,332 27,926
Creditors: amounts falling due after more than one year 6 ( 23,147) ( 27,357)
Provision for liabilities ( 5,721) ( 5,125)
Net assets/(liabilities) 4,464 ( 4,556)
Capital and reserves
Called-up share capital 7 101 101
Profit and loss account 4,363 ( 4,657 )
Total shareholders' funds/(deficit) 4,464 ( 4,556)

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Barn Climbing Limited (registered number: 06348346) were approved and authorised for issue by the Board of Directors on 02 June 2025. They were signed on its behalf by:

Mr BR Martin
Director
BARN CLIMBING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
BARN CLIMBING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Barn Climbing Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in . The address of the Company's registered office is .

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
Sigma House
Oak View Close
Edginswell Park
Torquay
Devon
TQ2 7FF

The principal place of business is:
The Barn
Eastacott Barton
Milton Abbot
Tavistock
Devon
PL19 0QP

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer and turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Leasehold improvements not depreciated
Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 6

3. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 October 2023 7,089 147,455 2,750 157,294
Additions 0 8,162 0 8,162
Disposals 0 ( 15,560) 0 ( 15,560)
At 30 September 2024 7,089 140,057 2,750 149,896
Accumulated depreciation
At 01 October 2023 7,089 115,934 2,275 125,298
Charge for the financial year 0 7,520 119 7,639
Disposals 0 ( 13,495) 0 ( 13,495)
At 30 September 2024 7,089 109,959 2,394 119,442
Net book value
At 30 September 2024 0 30,098 356 30,454
At 30 September 2023 0 31,521 475 31,996

4. Debtors

2024 2023
£ £
Trade debtors 4,048 3,579
Prepayments and accrued income 1,119 179
5,167 3,758

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 4,209 4,209
Trade creditors 922 856
Amounts owed to directors 4,428 26,428
Accruals 2,852 6,984
Other taxation and social security 7,105 7,625
19,516 46,102

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 23,147 27,357

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1 B ordinary share of £ 1.00 1 1
100 Ordinary shares of £ 1.00 each 100 100
101 101