REGISTERED NUMBER: 10683219 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

We Are Barebones Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G F Pickup

Miss L A Howard

REGISTERED OFFICE:

c/o ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

REGISTERED NUMBER:

10683219 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

FIXED ASSETS

Tangible assets

4

13,134

16,418

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

5

9,073

10,091

Cash at bank

7,403

8,139

18,476

20,230

CREDITORS

Amounts falling due within one year

6

6,709

5,126

NET CURRENT ASSETS

11,767

15,104

TOTAL ASSETS LESS CURRENT LIABILITIES

24,901

31,522

CREDITORS

Amounts falling due after more than one year

7

(350

)

(1,750

)

PROVISIONS FOR LIABILITIES

(2,496

)

(3,119

)

NET ASSETS

22,055

26,653

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

22,053

26,651

SHAREHOLDERS' FUNDS

22,055

26,653

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 23 September 2025 and were signed on its behalf by:

G F Pickup - Director

Miss L A Howard - Director

1.	STATUTORY INFORMATION

We Are Barebones Ltd 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts involved in respect of services rendered, net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

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 3 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

23,364

2,610

8,395

6,469

40,838

DEPRECIATION

At 1 April 2024

11,434

1,561

4,956

6,469

24,420

Charge for year

2,386

210

688

-

3,284

At 31 March 2025

13,820

1,771

5,644

6,469

27,704

NET BOOK VALUE

At 31 March 2025

9,544

839

2,751

-

13,134

At 31 March 2024

11,930

1,049

3,439

-

16,418

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

9,073

8,070

VAT

-

2,021

9,073

10,091

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

1,400

1,400

Tax

2,478

2,306

Social security and other taxes

-

679

VAT

1,669

-

Directors' current accounts

463

41

Accrued expenses

699

700

6,709

5,126

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

350

1,400

Bank loans - 2-5 years

-

350

350

1,750

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £12,500 were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.