Silverfin false false 31/03/2025 01/04/2024 31/03/2025 S M Higgo 02/01/2019 G Oosthuizen 02/01/2019 B C J Summerhayes 22/12/2017 04 September 2025 The principal activity of the company is business and domestic software development. 11123823 2025-03-31 11123823 bus:Director1 2025-03-31 11123823 bus:Director2 2025-03-31 11123823 bus:Director3 2025-03-31 11123823 2024-03-31 11123823 core:CurrentFinancialInstruments 2025-03-31 11123823 core:CurrentFinancialInstruments 2024-03-31 11123823 core:ShareCapital 2025-03-31 11123823 core:ShareCapital 2024-03-31 11123823 core:RetainedEarningsAccumulatedLosses 2025-03-31 11123823 core:RetainedEarningsAccumulatedLosses 2024-03-31 11123823 core:Vehicles 2024-03-31 11123823 core:OfficeEquipment 2024-03-31 11123823 core:Vehicles 2025-03-31 11123823 core:OfficeEquipment 2025-03-31 11123823 bus:OrdinaryShareClass1 2025-03-31 11123823 bus:OrdinaryShareClass2 2025-03-31 11123823 2024-04-01 2025-03-31 11123823 bus:FilletedAccounts 2024-04-01 2025-03-31 11123823 bus:SmallEntities 2024-04-01 2025-03-31 11123823 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 11123823 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 11123823 bus:Director1 2024-04-01 2025-03-31 11123823 bus:Director2 2024-04-01 2025-03-31 11123823 bus:Director3 2024-04-01 2025-03-31 11123823 core:Vehicles core:TopRangeValue 2024-04-01 2025-03-31 11123823 core:OfficeEquipment core:TopRangeValue 2024-04-01 2025-03-31 11123823 2023-04-01 2024-03-31 11123823 core:Vehicles 2024-04-01 2025-03-31 11123823 core:OfficeEquipment 2024-04-01 2025-03-31 11123823 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 11123823 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 11123823 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 11123823 bus:OrdinaryShareClass2 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 11123823 (England and Wales)

# BARNES SMART SOLUTIONS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

BARNES SMART SOLUTIONS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

BARNES SMART SOLUTIONS LIMITED

## BALANCE SHEET

As at 31 March 2025
BARNES SMART SOLUTIONS LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 21,566 |  | 26,119
|  | 21,566 |  | 26,119
Current assets |  |  |  |
Debtors | 4 | 170,098 |  | 302,457
Cash at bank and in hand |  | 428,034 |  | 464,428
|  | 598,132 |  | 766,885
Creditors: amounts falling due within one year | 5 | ( 112,832) |  | ( 75,721)
Net current assets |  | 485,300 |  | 691,164
Total assets less current liabilities |  | 506,866 |  | 717,283
Provision for liabilities |  | ( 3,854) |  | 11
Net assets |  | 503,012 |  | 717,294
Capital and reserves |  |  |  |
Called-up share capital | 6 | 200 |  | 100
Profit and loss account |  | 502,812 |  | 717,194
Total shareholders' funds |  | 503,012 |  | 717,294

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Barnes Smart Solutions Limited (registered number: 11123823) were approved and authorised for issue by the Board of Directors on 04 September 2025. They were signed on its behalf by:

S M Higgo Director |

BARNES SMART SOLUTIONS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
BARNES SMART SOLUTIONS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Barnes Smart Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Loft, St Clair's Farm Wickham Road, Droxford, Southampton, SO32 3PW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
Turnover represents the value of services provided net of Value Added Tax.
Services billed to clients which had not been provided at the balance sheet date are recognised as turnover. Turnover recognised in this manner is based on an assessment of the fair value of the total engagement.

##### Employee benefits

Defined contribution schemes
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Vehicles | 5 years straight line
Office equipment | 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 3 |  | 3

#### 3. Tangible assets

| Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 29,944 |  | 13,382 |  | 43,326
Additions | 0 |  | 2,451 |  | 2,451
At 31 March 2025 | 29,944 |  | 15,833 |  | 45,777
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 7,954 |  | 9,253 |  | 17,207
Charge for the financial year | 5,497 |  | 1,507 |  | 7,004
At 31 March 2025 | 13,451 |  | 10,760 |  | 24,211
Net book value |  |  |  |  |
At 31 March 2025 | 16,493 |  | 5,073 |  | 21,566
At 31 March 2024 | 21,990 |  | 4,129 |  | 26,119

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 143,147 |  | 60,627
Prepayments | 20,001 |  | 6,195
VAT recoverable | 6,850 |  | 7,746
Corporation tax | 0 |  | 27,889
Other debtors | 100 |  | 200,000
| 170,098 |  | 302,457

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 46,718 |  | 33,991
Accruals | 14,006 |  | 29,920
Taxation and social security | 45,558 |  | 6,681
Other creditors | 6,550 |  | 5,129
| 112,832 |  | 75,721

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100
100 Ordinary A shares of £ 1.00 each (2024: - shares of £ 1.00 each) | 100 |  | 0
| 200 |  | 100

In the financial year 2025 class Ordinary A shares were allotted with an aggregate nominal value of £100.0 and consideration of £100 was received.

#### 7. Related party transactions

Loans outstanding to companies in which a director is a majority shareholder; £0 (2024: £200,000)