BARNSLEY VAN HIRE LTD
Registered number: 05904896
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 135,474 133,474
Current assets
Debtors 4 23,011 11,658
Cash at bank and in hand 20,465 70,115
43,476 81,773
Creditors: amounts falling due within one year 5 (98,742) (99,940)
Net current liabilities (55,266) (18,167)
Total assets less current liabilities 80,208 115,307
Creditors: amounts falling due after more than one year 6 (23,593) (52,794)
Provisions for liabilities (13,902) (12,730)
Net assets 42,713 49,783
Capital and reserves
Called up share capital 1 1
Profit and loss account 42,712 49,782
Shareholder's funds 42,713 49,783
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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.
C V Harris
Director
Approved by the board on 5 August 2025
BARNSLEY VAN HIRE LTD
Notes to the Accounts
for the year ended 31 August 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.
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:
Motor vehicles to reflect market value
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 September 2023 158,213
Additions 30,957
At 31 August 2024 189,170
Depreciation
At 1 September 2023 24,739
Charge for the year 28,957
At 31 August 2024 53,696
Net book value
At 31 August 2024 135,474
At 31 August 2023 133,474
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 22,651 11,298
Other debtors 360 360
23,011 11,658
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,661 3,600
Obligations under finance lease and hire purchase contracts 41,135 42,703
Amounts owed to group undertakings and undertakings in which the company has a participating interest 25,619 22,625
Corporation tax 733 2,429
Other taxes and social security costs 1,157 437
Other creditors 26,437 28,146
98,742 99,940
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,900 6,300
Obligations under finance lease and hire purchase contracts 20,693 46,494
23,593 52,794
7 Other information
BARNSLEY VAN HIRE LTD is a private company limited by shares and incorporated in England. Its registered office is:
105 Redbrook Road
Barnsley
South Yorkshire
S75 2RG
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