Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312023-11-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11016945 2023-11-01 2024-10-31 11016945 2022-11-01 2023-10-31 11016945 2024-10-31 11016945 2023-10-31 11016945 c:Director1 2023-11-01 2024-10-31 11016945 d:Buildings 2023-11-01 2024-10-31 11016945 d:Buildings 2024-10-31 11016945 d:Buildings 2023-10-31 11016945 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 11016945 d:Buildings d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 11016945 d:PlantMachinery 2023-11-01 2024-10-31 11016945 d:PlantMachinery 2024-10-31 11016945 d:PlantMachinery 2023-10-31 11016945 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 11016945 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 11016945 d:MotorVehicles 2023-11-01 2024-10-31 11016945 d:MotorVehicles 2024-10-31 11016945 d:MotorVehicles 2023-10-31 11016945 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 11016945 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 11016945 d:ComputerEquipment 2023-11-01 2024-10-31 11016945 d:ComputerEquipment 2024-10-31 11016945 d:ComputerEquipment 2023-10-31 11016945 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 11016945 d:ComputerEquipment d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 11016945 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 11016945 d:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 11016945 d:CurrentFinancialInstruments 2024-10-31 11016945 d:CurrentFinancialInstruments 2023-10-31 11016945 d:Non-currentFinancialInstruments 2024-10-31 11016945 d:Non-currentFinancialInstruments 2023-10-31 11016945 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 11016945 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 11016945 d:Non-currentFinancialInstruments d:AfterOneYear 2024-10-31 11016945 d:Non-currentFinancialInstruments d:AfterOneYear 2023-10-31 11016945 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-10-31 11016945 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-10-31 11016945 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-10-31 11016945 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-10-31 11016945 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-10-31 11016945 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-10-31 11016945 d:ShareCapital 2024-10-31 11016945 d:ShareCapital 2023-10-31 11016945 d:RetainedEarningsAccumulatedLosses 2024-10-31 11016945 d:RetainedEarningsAccumulatedLosses 2023-10-31 11016945 c:OrdinaryShareClass1 2023-11-01 2024-10-31 11016945 c:OrdinaryShareClass1 2024-10-31 11016945 c:OrdinaryShareClass1 2023-10-31 11016945 c:FRS102 2023-11-01 2024-10-31 11016945 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 11016945 c:FullAccounts 2023-11-01 2024-10-31 11016945 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11016945 d:AcceleratedTaxDepreciationDeferredTax 2024-10-31 11016945 d:AcceleratedTaxDepreciationDeferredTax 2023-10-31 11016945 2 2023-11-01 2024-10-31 11016945 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: 11016945














S J BARNES LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 OCTOBER 2024

 
S J BARNES LIMITED
REGISTERED NUMBER:11016945

BALANCE SHEET
AS AT 31 OCTOBER 2024

2024
2023
Note

Fixed assets
  

Tangible assets
 4 
1,834,893
1,767,668

Current assets
  

Stocks
  
15,000
47,361

Debtors: amounts falling due within one year
 5 
98,020
117,658

Cash at bank and in hand
 6 
313,388
235,073

  
426,408
400,092

Creditors: amounts falling due within one year
 7 
(379,141)
(321,777)

Net current assets
  
 
 
47,267
 
 
78,315

Total assets less current liabilities
  
1,882,160
1,845,983

Creditors: amounts falling due after more than one year
 8 
(526,502)
(637,833)

Provisions for liabilities
  

Deferred tax
 11 
(123,174)
(160,044)

Net assets
  
£1,232,484
£1,048,106


Capital and reserves
  

Called up share capital 
 12 
1
1

Profit and loss account
  
1,232,483
1,048,105

  
£1,232,484
£1,048,106


Page 1

 
S J BARNES LIMITED
REGISTERED NUMBER:11016945

BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 August 2025.



___________________________
S J Barnes
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
S J BARNES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

S J Barnes Limited is a private company limited by shares. The company is registered in England and Wales under the number 11016945. The company registered office is The Yard Gribble Bridge Lane, Biddenden, Ashford, Kent, TN27 8DF. The company is trading under the address: Shorts Wood Yard, Biddenden, Ashford, Kent TN27 8DW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
S J BARNES LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4

 
S J BARNES LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
depreciated at Nil%
Plant and machinery
-
15%
Motor vehicles
-
20%
Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
S J BARNES LIMITED
 

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 6

 
S J BARNES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Computer equipment
Total



Cost or valuation


At 1 November 2023
1,096,338
852,143
248,467
4,125
2,201,073


Additions
-
244,265
-
-
244,265


Disposals
-
(16,193)
-
-
(16,193)



At 31 October 2024

1,096,338
1,080,215
248,467
4,125
2,429,145



Depreciation


At 1 November 2023
-
274,277
155,264
3,864
433,405


Charge for the year on owned assets
-
139,031
17,671
208
156,910


Charge for the year on financed assets
-
-
18,841
-
18,841


Disposals
-
(14,904)
-
-
(14,904)



At 31 October 2024

-
398,404
191,776
4,072
594,252



Net book value



At 31 October 2024
£1,096,338
£681,811
£56,691
£53
£1,834,893



At 31 October 2023
£1,096,338
£577,866
£93,203
£261
£1,767,668


5.


Debtors

2024
2023


Trade debtors
94,484
112,492

Prepayments and accrued income
3,536
5,166

£98,020
£117,658



6.


Cash and cash equivalents

2024
2023

Cash at bank and in hand
313,388
235,073

£313,388
£235,073


Page 7

 
S J BARNES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023

Bank loans
64,303
60,159

Trade creditors
154,870
112,430

Corporation tax
42,359
42,317

Other taxation and social security
47,698
16,274

Obligations under finance lease and hire purchase contracts
12,383
26,051

Other creditors
54,109
61,685

Accruals and deferred income
3,419
2,861

£379,141
£321,777


Bank loans are secured by a fixed and floating charge over the assets of the company.
Obligations under finance lease and hire purchase contracts are secured over their respective assets. 


8.


Creditors: Amounts falling due after more than one year

2024
2023

Bank loans
511,370
610,319

Net obligations under finance leases and hire purchase contracts
15,132
27,514

£526,502
£637,833


Bank loans are secured by a fixed and floating charge over the assets of the company.
Obligations under finance lease and hire purchase contracts are secured over their respective assets. 


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023

Amounts falling due within one year

Bank loans
64,303
60,159

Amounts falling due 1-2 years

Bank loans
60,970
66,826

Amounts falling due 2-5 years

Bank loans
108,607
100,318

Amounts falling due after more than 5 years

Bank loans
341,793
443,175

£575,673
£670,478


Page 8

 
S J BARNES LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023


Within one year
12,383
26,051

Between 1-5 years
15,132
27,514

£27,515
£53,565


11.


Deferred taxation




2024





At beginning of year
160,044


Charged to profit or loss
(36,870)



At end of year
£123,174

The provision for deferred taxation is made up as follows:

2024
2023


Accelerated capital allowances
£123,174
£160,044


12.


Share capital

2024
2023
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
£1
£1


Page 9