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Company Registration No. 08115863 (England and Wales)
Barnes & Scott Ltd Unaudited accounts for the year ended 31 March 2025
Barnes & Scott Ltd Unaudited accounts Contents
Page
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Barnes & Scott Ltd Company Information for the year ended 31 March 2025
Director
Tasnim Mustafa
Secretary
Selina Barker
Company Number
08115863 (England and Wales)
Registered Office
86-90 Paul Street Shoreditch London EC2A 4NE
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Barnes & Scott Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
57,323 
16,709 
Current assets
Debtors
53,724 
127,586 
Cash at bank and in hand
273,926 
183,419 
327,650 
311,005 
Creditors: amounts falling due within one year
(144,259)
(118,792)
Net current assets
183,391 
192,213 
Total assets less current liabilities
240,714 
208,922 
Provisions for liabilities
Deferred tax
(14,331)
(4,177)
Net assets
226,383 
204,745 
Capital and reserves
Called up share capital
505 
505 
Share premium
1,295 
1,295 
Profit and loss account
224,583 
202,945 
Shareholders' funds
226,383 
204,745 
For the year ending 31 March 2025 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 July 2025 and were signed on its behalf by
Tasnim Mustafa Director Company Registration No. 08115863
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Barnes & Scott Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Barnes & Scott Ltd is a private company, limited by shares, registered in England and Wales, registration number 08115863. The registered office is 86-90 Paul Street, Shoreditch, London, EC2A 4NE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Straight Line
Computer equipment
25% Straight Line
Turnover
Revenue represents amounts chargeable to clients for professional services provided during the year, net of any sales tax. Services to clients, which at the balance sheet date have not been billed, have been recognised as revenue. Revenue is recognised by reference to an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement. Provision is made against unbilled amounts on those engagements where the right to receive payment is contingent on factors outside the control of the company.
Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Barnes & Scott Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2024
- 
15,537 
24,841 
40,378 
Additions
46,900 
246 
2,089 
49,235 
At 31 March 2025
46,900 
15,783 
26,930 
89,613 
Depreciation
At 1 April 2024
- 
4,260 
19,409 
23,669 
Charge for the year
3,315 
2,601 
2,705 
8,621 
At 31 March 2025
3,315 
6,861 
22,114 
32,290 
Net book value
At 31 March 2025
43,585 
8,922 
4,816 
57,323 
At 31 March 2024
- 
11,277 
5,432 
16,709 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
28,983 
29,589 
Accrued income and prepayments
24,741 
95,463 
Other debtors
- 
2,534 
53,724 
127,586 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
55,616 
40,161 
Trade creditors
3,791 
508 
Taxes and social security
82,846 
67,719 
Other creditors
1,715 
9,486 
Loans from directors
291 
918 
144,259 
118,792 
The director loan is measured at transaction price and is unsecured, interest free and repayable on demand.
7
Average number of employees
During the year the average number of employees was 10 (2024: 10).
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