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Registered number: 06034168
Long Barn Winchester Ltd.
Unaudited Financial Statements
For The Year Ended 31 December 2024
BWP Inspire Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06034168
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 125,236 99,884
125,236 99,884
CURRENT ASSETS
Stocks 6 212,226 259,071
Debtors 7 40,725 43,833
Cash at bank and in hand 716,143 685,656
969,094 988,560
Creditors: Amounts Falling Due Within One Year 8 (451,718 ) (470,451 )
NET CURRENT ASSETS (LIABILITIES) 517,376 518,109
TOTAL ASSETS LESS CURRENT LIABILITIES 642,612 617,993
Creditors: Amounts Falling Due After More Than One Year 9 (17,058 ) (53,125 )
NET ASSETS 625,554 564,868
CAPITAL AND RESERVES
Called up share capital 10 533 533
Share premium account 310,951 310,951
Profit and Loss Account 314,070 253,384
SHAREHOLDERS' FUNDS 625,554 564,868
Page 1
Page 2
For the year ending 31 December 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Richard Norris
Director
11/08/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Long Barn Winchester Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 06034168 . The registered office is The Old Sheep Fair, Bishops Sutton Road, Alresford, Hampshire, SO24 9EJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Development costs. It is fully amortised to profit and loss account over 3 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 20% straight line method
Plant & Machinery 20% reducing balance method
Fixtures & Fittings 20% reducing balance method
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 66 (2023: 58)
66 58
4. Intangible Assets
Development Costs
£
Cost
As at 1 January 2024 17,324
As at 31 December 2024 17,324
Amortisation
As at 1 January 2024 17,324
As at 31 December 2024 17,324
Net Book Value
As at 31 December 2024 -
As at 1 January 2024 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2024 264,775 56,942 126,107 447,824
Additions 34,416 3,691 17,283 55,390
As at 31 December 2024 299,191 60,633 143,390 503,214
Depreciation
As at 1 January 2024 235,510 20,143 92,287 347,940
Provided during the period 13,784 7,797 8,457 30,038
As at 31 December 2024 249,294 27,940 100,744 377,978
Net Book Value
As at 31 December 2024 49,897 32,693 42,646 125,236
As at 1 January 2024 29,265 36,799 33,820 99,884
Page 4
Page 5
6. Stocks
2024 2023
£ £
Stock 212,226 259,071
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 31,360 38,694
Other debtors 9,365 5,139
40,725 43,833
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 100,188 123,773
Bank loans and overdrafts 39,521 37,500
Other creditors 119,234 118,792
Taxation and social security 192,775 190,386
451,718 470,451
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 17,058 53,125
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 533 533
Page 5