Company registration number 05065299 (England and Wales)
LLOYD BARNES ACCOUNTANCY RECRUITMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
LLOYD BARNES ACCOUNTANCY RECRUITMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
LLOYD BARNES ACCOUNTANCY RECRUITMENT LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,905
10,290
Investments
4
100
100
11,005
10,390
Current assets
Debtors
5
172,625
161,560
Cash at bank and in hand
327,304
487,676
499,929
649,236
Creditors: amounts falling due within one year
6
(82,012)
(168,643)
Net current assets
417,917
480,593
Net assets
428,922
490,983
Capital and reserves
Called up share capital
102
102
Profit and loss reserves
428,820
490,881
Total equity
428,922
490,983

For the financial year ended 31 December 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 June 2025 and are signed on its behalf by:
Mr M A Lloyd
Miss A F Vaughan
Director
Director
Company registration number 05065299 (England and Wales)
LLOYD BARNES ACCOUNTANCY RECRUITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Lloyd Barnes Accountancy Recruitment Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wisteria House, South Zeal, Okehampton, Devon, EX20 2LA.

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.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover represents amounts receivable for services net of VAT and trade discounts.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation.

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

Plant and machinery
20%, 33% or 50% per annum on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.5
Taxation

The tax expense represents tax currently payable.

LLOYD BARNES ACCOUNTANCY RECRUITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.7
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

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

2024
2023
Number
Number
Total
7
7
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
73,387
Additions
7,088
At 31 December 2024
80,475
Depreciation and impairment
At 1 January 2024
63,097
Depreciation charged in the year
6,473
At 31 December 2024
69,570
Carrying amount
At 31 December 2024
10,905
At 31 December 2023
10,290
LLOYD BARNES ACCOUNTANCY RECRUITMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
4
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
100
100
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
53,104
73,473
Amounts owed by group undertakings
-
0
16,022
Other debtors
119,521
72,065
172,625
161,560
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,165
4,512
Amounts owed to group undertakings
100
100
Taxation and social security
49,058
113,522
Other creditors
30,689
50,509
82,012
168,643
7
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Two Directors
2.25
58,631
112,010
2,062
(68,497)
104,206
58,631
112,010
2,062
(68,497)
104,206

The aforementioned advances are unsecured and repayable on demand.

2024-12-312024-01-01falsefalsefalse06 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr M A LloydMiss A F VaughanMr A G Vaughan050652992024-01-012024-12-31050652992024-12-31050652992023-12-3105065299core:OtherPropertyPlantEquipment2024-12-3105065299core:OtherPropertyPlantEquipment2023-12-3105065299core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3105065299core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3105065299core:CurrentFinancialInstruments2024-12-3105065299core:CurrentFinancialInstruments2023-12-3105065299core:ShareCapital2024-12-3105065299core:ShareCapital2023-12-3105065299core:RetainedEarningsAccumulatedLosses2024-12-3105065299core:RetainedEarningsAccumulatedLosses2023-12-3105065299bus:Director12024-01-012024-12-3105065299bus:Director22024-01-012024-12-3105065299core:PlantMachinery2024-01-012024-12-31050652992023-01-012023-12-3105065299core:OtherPropertyPlantEquipment2023-12-3105065299core:OtherPropertyPlantEquipment2024-01-012024-12-3105065299core:WithinOneYear2024-12-3105065299core:WithinOneYear2023-12-3105065299bus:PrivateLimitedCompanyLtd2024-01-012024-12-3105065299bus:FRS1022024-01-012024-12-3105065299bus:AuditExemptWithAccountantsReport2024-01-012024-12-3105065299bus:Director32024-01-012024-12-3105065299bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3105065299bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP