| Barnes of Ashburton Limited |
| Registered Number:04127963 |
For the year ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2025
Barnes of Ashburton Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Barnes of Ashburton Limited
Statement of Financial Position
2024
2025
| Property, plant and equipment |
58,390
78,816
3
58,390
78,816
87,946
53,196
4
| Trade and other receivables |
9,205
45,650
5
28,888
| Cash and cash equivalents |
8,381
107,227
126,039
| Trade and other payables: amounts falling due within one |
| year |
(234,462)
(198,367)
6
(108,423)
(91,140)
Net current liabilities
| Total assets less current liabilities |
(32,750)
(29,607)
| Trade and other payables: amounts falling due after more |
| than one year |
(17,746)
(15,795)
7
(683)
(648)
| Provisions for liabilities |
(49,228)
Net liabilities
(48,001)
2
2
(49,230)
(48,003)
(49,228)
(48,001)
Shareholders' funds
| For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 23 December 2025 and were signed by: |
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For the year ended 31 March 2025
Barnes of Ashburton Limited
Statement of Financial Position Continued
| The notes form part of these financial statements |
2 of 5
For the year ended 31 March 2025
Barnes of Ashburton Limited
Notes to the Financial Statements
Statutory Information
| Barnes of Ashburton Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 04127963. |
24A West Street
Ashburton
TQ13 7DU
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
| Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of 5 years. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives. The depreciation rates have been reassessed this financial year and are now calculated on the following basis: |
Land and buildings
Plant and machinery
Motor vehicles
Fixtures and fittings
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
There has been no provision made for Deferred tax.
Hire purchase and leasing commitments
| Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
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For the year ended 31 March 2025
Barnes of Ashburton Limited
Notes to the Financial Statements Continued
| 2. Intangible fixed assets |
Goodwill
25,000
25,000
25,000
25,000
-
-
| Intangible Assets were amortised over 12 years from the orginal cost date. |
| 3. Property, plant and equipment |
Motor vehicles
247,708
12,109
79,906
154,302
1,391
9,494
-
9,494
-
-
-
(50,595)
-
-
(50,595)
154,302
38,805
12,109
206,607
1,391
| Provision for depreciation and impairment |
168,892
9,922
44,021
113,670
1,279
Charge for year
6,236
547
(434)
6,095
28
(26,911)
-
(26,911)
-
-
148,217
10,469
16,676
119,765
1,307
84
34,537
22,129
1,640
58,390
112
40,632
35,885
2,187
78,816
2024
2025
53,196
87,946
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For the year ended 31 March 2025
Barnes of Ashburton Limited
Notes to the Financial Statements Continued
| 5. Trade and other receivables |
2024
2025
12,764
8,880
| Prepayments and accrued income |
3,000
-
| Amounts owed by directors |
22,110
-
| Taxation and social security |
-
25
7,776
300
9,205
45,650
| 6. Trade and other payables: amounts falling due within one year |
2024
2025
13,631
78,568
28,765
43,164
| Taxation and social security |
65,368
41,100
| Accruals and deferred income |
52,968
52,702
-
80
| Obligations under HP/Financial leases |
2,568
4,729
35,067
14,119
198,367
234,462
| 7. Trade and other payables: amounts falling due after more than one year |
2024
2025
9,398
13,017
4,729
6,397
| Obligations under HP/Financial leases |
15,795
17,746
| 8. Related party transactions |
The company was under the control of Mr P Gunning during this year.
| 9. Average number of persons employed |
During the year the average number of employees was 12 (2024 : 11)
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