REGISTERED NUMBER: 09906338 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

CO BARNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J D D Brann

REGISTERED OFFICE:

1st Floor Office Pentagon House

Wealden Ind Est

Farningham Road

Crowborough

East Sussex

TN6 2JR

REGISTERED NUMBER:

09906338 (England and Wales)

ACCOUNTANTS:

Numis Limited

1st Floor Pentagon House

Wealden Ind Estate

Farningham Road

Crowborough

East Sussex

TN6 2JR

FIXED ASSETS

Tangible assets

4

99,775

117,444

CURRENT ASSETS

Stocks

5

21,202

27,552

Debtors

6

218,570

159,963

Cash at bank

-

7,104

239,772

194,619

CREDITORS

Amounts falling due within one year

7

307,149

258,370

NET CURRENT LIABILITIES

(67,377

)

(63,751

)

TOTAL ASSETS LESS CURRENT LIABILITIES

32,398

53,693

CREDITORS

Amounts falling due after more than one year

8

(2,970

)

(34,936

)

PROVISIONS FOR LIABILITIES

9

(29,691

)

(27,658

)

NET LIABILITIES

(263

)

(8,901

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(363

)

(9,001

)

SHAREHOLDERS' FUNDS

(263

)

(8,901

)

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 director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 December 2025 and were signed by:

J D D Brann - Director

1.	STATUTORY INFORMATION

CO Barns 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance, 20% on reducing balance and 10% on reducing balance

Computer equipment

-

25% on reducing balance

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 Statement of Income and Retained Earnings, 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

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 10 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

50,526

119,061

1,866

171,453

Additions

-

9,700

-

9,700

At 31 March 2025

50,526

128,761

1,866

181,153

DEPRECIATION

At 1 April 2024

18,412

35,131

466

54,009

Charge for year

8,029

18,990

350

27,369

At 31 March 2025

26,441

54,121

816

81,378

NET BOOK VALUE

At 31 March 2025

24,085

74,640

1,050

99,775

At 31 March 2024

32,114

83,930

1,400

117,444

5.

STOCKS

31.3.25

31.3.24

£

£

Stocks

17,650

24,000

Tools (Loose tools)

3,552

3,552

21,202

27,552

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

25,454

32,421

Other debtors

193,116

127,542

218,570

159,963

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

15,454

9,930

Finance leases

38,331

37,904

Trade creditors

87,021

92,080

Taxation and social security

129,015

105,514

Other creditors

37,328

12,942

307,149

258,370

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

-

13,346

Finance leases

2,970

21,590

2,970

34,936

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

29,691

27,658

Deferred

tax

£

Balance at 1 April 2024

27,658

Accelerated capital allowances

2,033

Balance at 31 March 2025

29,691

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

80

Ordinary

1

80

80

20

A Ordinary

1

20

20

100

100

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

J D D Brann

Balance outstanding at start of year

(1,857

)

(525

)

Amounts advanced

(7,970

)

(20,000

)

Amounts repaid

9,827

18,668

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(1,857

)

12.	RELATED PARTY DISCLOSURES

During the year, total dividends of £87,780 (2024 - £82,000) were paid to the director .

13.	ULTIMATE CONTROLLING PARTY

The controlling party is J D D Brann.

The ultimate controlling party is J D D Brann.