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REGISTERED NUMBER: 05512950 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Craig Barnes Limited

Craig Barnes Limited (Registered number: 05512950)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Craig Barnes Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: C A Barnes
A B Carter





SECRETARY: Mrs C P Barnes





REGISTERED OFFICE: Bucklow House
Pleasington Lane
Pleasington
Blackburn
Lancashire
BB2 5JH





REGISTERED NUMBER: 05512950 (England and Wales)





ACCOUNTANTS: Xeinadin
Ground Floor
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

Craig Barnes Limited (Registered number: 05512950)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 183,902 124,270

CURRENT ASSETS
Debtors 5 1,350,066 632,798
Cash at bank 364,127 883,782
1,714,193 1,516,580
CREDITORS
Amounts falling due within one year 6 175,318 150,411
NET CURRENT ASSETS 1,538,875 1,366,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,722,777

1,490,439

PROVISIONS FOR LIABILITIES 7 26,569 31,067
NET ASSETS 1,696,208 1,459,372

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,696,008 1,459,172
SHAREHOLDERS' FUNDS 1,696,208 1,459,372

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.

Craig Barnes Limited (Registered number: 05512950)

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 11 July 2025 and were signed on its behalf by:





A B Carter - Director


Craig Barnes Limited (Registered number: 05512950)

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

1. STATUTORY INFORMATION

Craig Barnes 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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

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.

Craig Barnes Limited (Registered number: 05512950)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024 12,253 5,231 159,230 18,692 195,406
Additions - 246 92,500 2,009 94,755
Disposals (4,902 ) (822 ) (7,745 ) (4,399 ) (17,868 )
At 31 December 2024 7,351 4,655 243,985 16,302 272,293
DEPRECIATION
At 1 January 2024 10,437 1,230 46,767 12,702 71,136
Charge for year 493 1,159 30,043 3,274 34,969
Eliminated on disposal (4,781 ) (822 ) (7,712 ) (4,399 ) (17,714 )
At 31 December 2024 6,149 1,567 69,098 11,577 88,391
NET BOOK VALUE
At 31 December 2024 1,202 3,088 174,887 4,725 183,902
At 31 December 2023 1,816 4,001 112,463 5,990 124,270

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 558,360 175,118
Intercompany loan account 450,100 450,100
Directors' current accounts 294,396 -
VAT 26,815 2,372
Prepayments 20,395 5,208
1,350,066 632,798

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,757 1,731
Tax 149,248 119,260
Social security and other taxes 3,440 2,619
Other creditors 11,176 11,083
Directors' current accounts 4,985 12,192
Accrued expenses 3,712 3,526
175,318 150,411

Craig Barnes Limited (Registered number: 05512950)

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

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 26,569 31,067

Deferred
tax
£   
Balance at 1 January 2024 31,067
Provided during year (4,498 )
Balance at 31 December 2024 26,569