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REGISTERED NUMBER: 13043700 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 November 2024

for

BARC BUILD LIMITED

BARC BUILD LIMITED (REGISTERED NUMBER: 13043700)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARC BUILD LIMITED

Company Information
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr B Cheeseman
Mrs C I Cheeseman





REGISTERED OFFICE: Hems Studio
86 Longbrook Street
Exeter
Devon
EX4 6AP





REGISTERED NUMBER: 13043700 (England and Wales)





ACCOUNTANTS: Gravita Western Limited
Keble House
Southernhay Gardens
Exeter
Devon
EX1 1NT

BARC BUILD LIMITED (REGISTERED NUMBER: 13043700)

Balance Sheet
30 NOVEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 15,309 20,491

CURRENT ASSETS
Stocks - 61,210
Debtors 5 4,860 25,131
Cash at bank 44,481 97,704
49,341 184,045
CREDITORS
Amounts falling due within one year 6 (44,036 ) (122,895 )
NET CURRENT ASSETS 5,305 61,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,614

81,641

CREDITORS
Amounts falling due after more than one
year

7

(18,608

)

(22,792

)
NET ASSETS 2,006 58,849

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,906 58,749
2,006 58,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

BARC BUILD LIMITED (REGISTERED NUMBER: 13043700)

Balance Sheet - continued
30 NOVEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:




Mr B Cheeseman - Director



Mrs C I Cheeseman - Director


BARC BUILD LIMITED (REGISTERED NUMBER: 13043700)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. COMPANY INFORMATION

Barc Build Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The company's principal activities and nature of its operations are that of construction of domestic buildings.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.


BARC BUILD LIMITED (REGISTERED NUMBER: 13043700)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BARC BUILD LIMITED (REGISTERED NUMBER: 13043700)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 32,413 1,589 34,002
DEPRECIATION
At 1 December 2023 12,661 850 13,511
Charge for year 4,938 244 5,182
At 30 November 2024 17,599 1,094 18,693
NET BOOK VALUE
At 30 November 2024 14,814 495 15,309
At 30 November 2023 19,752 739 20,491

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023
and 30 November 2024 32,413
DEPRECIATION
At 1 December 2023 12,661
Charge for year 4,938
At 30 November 2024 17,599
NET BOOK VALUE
At 30 November 2024 14,814
At 30 November 2023 19,752

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,000 1,000
Other debtors - 296
VAT - 20,988
Deferred tax asset 2,903 2,037
Prepayments 957 810
4,860 25,131

BARC BUILD LIMITED (REGISTERED NUMBER: 13043700)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 4,184 4,184
Payments on account - 256
Trade creditors 830 15,460
Tax 1,995 37,453
VAT 2,283 -
Other creditors 31,864 55,478
Other creditor - CIS - 1,709
Directors' loan accounts - 3,931
Accruals and deferred income - 991
Accrued expenses 2,880 3,433
44,036 122,895

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 18,608 22,792

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 4,184 4,184
Between one and five years 18,608 22,792
22,792 26,976

Non-cancellable
operating leases
2024 2023
£    £   
Within one year 10,750 10,750
Between one and five years 21,500 32,250
32,250 43,000

BARC BUILD LIMITED (REGISTERED NUMBER: 13043700)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


9. ULTIMATE CONTROLLING PARTY

The company is controlled by BARC Design and Build Limited, a company registered in England and Wales. The registered office and principal place of business is:

Hems Studio
86 Longbrook Street
Exeter
Devon
EX4 6AP

Group financial statements are not prepared by BARC Design and Build Limited.