Registered number
01648462
Barnsfold Ltd
Filleted Accounts
30 June 2024
Barnsfold Ltd
Registered number: 01648462
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 500,641 500,641
Investments 5 2 2
500,643 500,643
Current assets
Debtors 6 2,601,309 2,533,789
Cash at bank and in hand 891,649 876,784
3,492,958 3,410,573
Creditors: amounts falling due within one year 7 (288,742) (290,108)
Net current Assets 3,204,216 3,120,465
Net Assets 3,704,859 3,621,108
Capital and reserves
Called up share capital 100 100
Revaluation reserve 8 155,740 155,740
Profit and loss account 3,549,019 3,465,268
Shareholders' funds 3,704,859 3,621,108
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Weis
Director
Approved by the board on 29 April 2025
Barnsfold Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Audit information
The audit report is unqualified.
Senior statutory auditor: Bernard Olsberg
Firm: B Olsberg & Co
Date of audit report: 29 April 2025
3 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
4 Tangible fixed assets
Land and buildings
£
Cost
At 1 July 2023 500,641
At 30 June 2024 500,641
Depreciation
At 30 June 2024 -
Net book value
At 30 June 2024 500,641
At 30 June 2023 500,641
5 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 July 2023 2
At 30 June 2024 2
6 Debtors 2024 2023
£ £
Trade debtors 19,685 11,854
Amounts owed by group undertakings and undertakings in which the company has a participating interest 2,450,453 2,450,453
Other debtors 131,171 71,482
2,601,309 2,533,789
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,776 11,501
Other creditors 279,966 278,607
288,742 290,108
8 Revaluation reserve 2024 2023
£ £
At 1 July 2023 155,740 155,740
At 30 June 2024 155,740 155,740
9 Controlling party
The A W Charitable Trust owns all the issued share capital of this company
10 Other information
Barnsfold Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Allanadale Court
Waterpark Rd
Salford
M7 4JN
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