REGISTERED NUMBER: 09380601 (England and Wales)

BAR ASSOCIATES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R A King

REGISTERED OFFICE:

Jacob's Pool House

11 West Street

Okehampton

Devon

EX20 1HQ

BUSINESS ADDRESS:

18 Fore Street

Topsham

Exeter

Devon

EX3 0HE

REGISTERED NUMBER:

09380601 (England and Wales)

ACCOUNTANTS:

My Business Centre Limited

Jacob's Pool House

11 West Street

Okehampton

Devon

EX20 1HQ

FIXED ASSETS

Tangible assets

4

112

464

CURRENT ASSETS

Debtors

5

47,294

26,001

Cash at bank

8,654

34,399

55,948

60,400

CREDITORS

Amounts falling due within one year

47,237

42,197

NET CURRENT ASSETS

8,711

18,203

TOTAL ASSETS LESS CURRENT LIABILITIES

8,823

18,667

CREDITORS

Amounts falling due after more than one year

1,296

9,074

NET ASSETS

7,527

9,593

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7,427

9,493

SHAREHOLDERS' FUNDS

7,527

9,593

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 6 November 2025 and were signed by:

Mr R A King - Director

1.	STATUTORY INFORMATION

BAR Associates 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.

BAR have continued to support clients during a challenging time with its core market (UK Defence and Security) which has undergone a government strategic review. It continues to pursue a strategy to accelerate the engagement of new clients in order to establish a broader portfolio from which a larger range of opportunity can be generated.

Careful cost control in line with realigning the business has limited the impact of challenge to revenues in favour of building a solid foundation for re-establishing the business into profit in the coming years. This strategy has seen a significant increase in forecast revenue potential associated with the opportunity to support M&A activities within the UK and European markets. This is being achieved through tighter integration with key Associates who are primed to support this growth and expansion agenda under a shared risk and reward model.

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.

Computer equipment

-

25% on cost

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.

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 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

2,214

DEPRECIATION

At 1 April 2024

1,750

Charge for year

352

At 31 March 2025

2,102

NET BOOK VALUE

At 31 March 2025

112

At 31 March 2024

464

5.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other debtors

9,820

-

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the yearend the director owed the company £29,096. This is the maximum amount owed at any point during the year. Interest has been paid in line with HMRC approved rates. It is expected that the amount will be repaid within 12 months.