Registered number
11702106
Barber Smiths Islington Limited
Filleted Accounts
31 January 2025
Barber Smiths Islington Limited
Registered number: 11702106
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 3,066 594
Current assets
Stocks 700 800
Debtors 4 47,799 54,546
Cash at bank and in hand 133,040 84,287
181,539 139,633
Creditors: amounts falling due within one year 5 (33,666) (28,172)
Net current assets 147,873 111,461
Total assets less current liabilities 150,939 112,055
Creditors: amounts falling due after more than one year 6 - (113)
Net assets 150,939 111,942
Capital and reserves
Called up share capital 1 1
Profit and loss account 150,938 111,941
Shareholder's funds 150,939 111,942
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.
Mr Daniel Smith
Director
Approved by the board on 12 August 2025
Barber Smiths Islington Limited
Notes to the Accounts
for the year ended 31 January 2025
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 (as applied to small entities by section 1A of the standard).
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:
Plant and machinery over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. Current tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024 3,670
Additions 3,600
At 31 January 2025 7,270
Depreciation
At 1 February 2024 3,076
Charge for the year 1,128
At 31 January 2025 4,204
Net book value
At 31 January 2025 3,066
At 31 January 2024 594
4 Debtors 2025 2024
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 38,194 35,701
Other debtors 9,605 18,845
47,799 54,546
Amounts due after more than one year included above 9,125 -
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 32,584 27,092
Other creditors 1,082 1,080
33,666 28,172
6 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors - 113
7 Other information
Barber Smiths Islington Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Charlton Place
London
N1 8AJ
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