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REGISTERED NUMBER: 04080516 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

RAY BARNES ENGINEERING LIMITED

RAY BARNES ENGINEERING LIMITED (REGISTERED NUMBER: 04080516)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

RAY BARNES ENGINEERING LIMITED

COMPANY INFORMATION
for the Year Ended 30th September 2024







DIRECTOR: Mr G Barnes





REGISTERED OFFICE: 95 King Street
LANCASTER
Lancashire
LA1 1RH





REGISTERED NUMBER: 04080516 (England and Wales)





ACCOUNTANTS: Taylor, Robertson & Willett Ltd
95 King Street
Lancaster
Lancashire
LA1 1RH

RAY BARNES ENGINEERING LIMITED (REGISTERED NUMBER: 04080516)

BALANCE SHEET
30th September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 535,943 553,449
535,943 553,449

CURRENT ASSETS
Stocks 12,000 12,000
Debtors 6 123,872 106,679
Cash at bank 119 27,821
135,991 146,500
CREDITORS
Amounts falling due within one year 7 122,175 77,116
NET CURRENT ASSETS 13,816 69,384
TOTAL ASSETS LESS CURRENT
LIABILITIES

549,759

622,833

CREDITORS
Amounts falling due after more than one year 8 (133,178 ) (182,447 )

PROVISIONS FOR LIABILITIES (32,401 ) (27,951 )
NET ASSETS 384,180 412,435

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 384,080 412,335
SHAREHOLDERS' FUNDS 384,180 412,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

RAY BARNES ENGINEERING LIMITED (REGISTERED NUMBER: 04080516)

BALANCE SHEET - continued
30th September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th June 2025 and were signed by:





Mr G Barnes - Director


RAY BARNES ENGINEERING LIMITED (REGISTERED NUMBER: 04080516)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Ray Barnes Engineering 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business on 2014, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - not provided
Plant and machinery - at variable rates on reducing balance
Motor vehicles - 25% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


RAY BARNES ENGINEERING LIMITED (REGISTERED NUMBER: 04080516)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st October 2023
and 30th September 2024 63,912
AMORTISATION
At 1st October 2023
and 30th September 2024 63,912
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

RAY BARNES ENGINEERING LIMITED (REGISTERED NUMBER: 04080516)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st October 2023 406,341 494,173 22,924 923,438
Additions - 11,254 - 11,254
At 30th September 2024 406,341 505,427 22,924 934,692
DEPRECIATION
At 1st October 2023 - 348,749 21,240 369,989
Charge for year - 28,339 421 28,760
At 30th September 2024 - 377,088 21,661 398,749
NET BOOK VALUE
At 30th September 2024 406,341 128,339 1,263 535,943
At 30th September 2023 406,341 145,424 1,684 553,449

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st October 2023
and 30th September 2024 94,094
DEPRECIATION
At 1st October 2023 2,352
Charge for year 18,348
At 30th September 2024 20,700
NET BOOK VALUE
At 30th September 2024 73,394
At 30th September 2023 91,742

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 98,373 61,437
Other debtors 25,499 45,242
123,872 106,679

RAY BARNES ENGINEERING LIMITED (REGISTERED NUMBER: 04080516)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 43,769 40,466
Hire purchase contracts 25,620 25,820
Trade creditors 4,121 6,762
Taxation and social security 46,281 1,411
Other creditors 2,384 2,657
122,175 77,116

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 95,727 123,973
Hire purchase contracts 37,451 58,474
133,178 182,447

RAY BARNES ENGINEERING LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
RAY BARNES ENGINEERING LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th September 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Our report is prepared solely for the confidential use of the directors and should not be relied upon by any third party without prior reference to ourselves.






Taylor, Robertson & Willett Ltd
95 King Street
Lancaster
Lancashire
LA1 1RH


4th June 2025