Varney Barfield & Co Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02670059

Varney Barfield & Co Limited

Filleted Unaudited Financial Statements

31 March 2025

Varney Barfield & Co Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	2

Varney Barfield & Co Limited

Balance Sheet

31 March 2025

	2025		2024
Note	£	£	£	£

Current assets

Debtors	5	126,549	139,267
Cash at bank and in hand		32	32
		---------	---------
		126,581	139,299

Creditors: amounts falling due within one year	6	( 54,573)		( 65,421)
		---------		---------
Net current assets			72,008		73,878
			--------		--------
Total assets less current liabilities			72,008		73,878
			--------		--------

Capital and reserves

Called up share capital	150	150
Profit and loss account	71,858	73,728
	--------	--------
Shareholders funds	72,008	73,878
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the 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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr K C Varney MacLeod
Director

Company registration number: 02670059

Varney Barfield & Co Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2024: 1 ).

5. Debtors

	2025	2024
	£	£
Trade debtors	40,116	52,834
Other debtors	86,433	86,433
	---------	---------
	126,549	139,267
	---------	---------

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	234	233
Other creditors	54,339	65,188
	--------	--------
	54,573	65,421
	--------	--------

7. Related party transactions

During the period the company was recharged £615,000 (2024; £890,000) for services provided by a partnership known as Varney Barfield and Company, of which the director is a partner.