Bardier Ltd
Registered number: 07877681
Unaudited Financial Statements
For The Year Ended
31 December 2022
Bardier Ltd
Unaudited Financial Statements
For The Year Ended
31 December 2022
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—6 |
Page 1
Bardier Ltd
Balance Sheet
As At
31 December 2022
Balance Sheet
Registered number:
07877681
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2022 | 2021 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| Investment Properties | 5 |
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| CURRENT ASSETS | |||||
| Debtors | 6 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 7 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 8 |
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| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital |
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| Fair Value Reserve |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 303,647 | 253,505 | |||
Page 1
Page 2
Bardier Ltd
Balance Sheet (continued)
As At
31 December 2022
On behalf of the board
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Director
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The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Bardier Ltd
Notes to the Financial Statements
For The Year Ended
31 December 2022
Notes to the Financial Statements
1.
General Information
Bardier Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
07877681
. The registered office is 5 Cornfield Terrace, Eastbourne, East Sussex, BN21 4NN.
The presentation currency of the financial statements is the Pound Sterling (£).
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the consideration receivable in cash or cash equivalents is deferred, and the arrangement constitutes in effect a financing transaction, the fair value of the consideration is measured as the present value of all future receipts determined using an imputed rate of interest, normally the rate that discounts the nominal amount of consideration to the cash sales price.
The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities of the actual completion of a proportion of the total services to be rendered.
When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
2.3.
Tangible Fixed Assets and Depreciation
At each balance sheet date the company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss if any. If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.
Depreciation is recognised so as to write off the valuation of assets less their residual values over their useful lives on the following bases:
| Office |
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| Plant & Machinery |
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| Fixtures & Fittings |
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| Computer Equipment |
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Page 3
Page 4
Bardier Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
2.4.
Investment Properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.5.
Taxation
Taxation represents the sum of the tax currently payable and deferred tax.
The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1 (2021: 1)
4.
Tangible Assets
| Land & Property | |||||
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| Office | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total | |
| £ | £ | £ | £ | £ | |
| Cost or Valuation | |||||
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| Additions |
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| Depreciation | |||||
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| Provided during the period |
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| Net Book Value | |||||
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Page 4
Page 5
Bardier Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
5.
Investment Property
| 2022 | |
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| £ | |
| Fair Value | |
| As at
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| Revaluations | (10,000) |
| As at
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The director valued the property on an open market basis at the year end.
If the investment property had not been revalued it would have been included at historical cost of £166,928.
6.
Debtors
| 2022 | 2021 | ||
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| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments |
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| Director's loan account |
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7.
Creditors: Amounts Falling Due Within One Year
| 2022 | 2021 | ||
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| £ | £ | ||
| Trade creditors |
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| Bank loans and overdrafts |
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| Corporation tax |
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| VAT |
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| Other creditors |
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| Accruals and deferred income |
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8.
Creditors: Amounts Falling Due After More Than One Year
| 2022 | 2021 | ||
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| £ | £ | ||
| Bank loans |
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Page 5
Page 6
Bardier Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 December 2022
9.
Directors Advances, Credits and Guarantees
At the start of the year there was an amount owing from the Director, Mr T Kinch, totalling £15,359. This loan was repaid in full in the year. The director subsequently took out a new loan later in the year totalling £3,738. Interest has been charged at the HMRC official rate of interest on the original loan in the year amounting to £76 (2021 - £925). At the year end, the director owed amounts totalling £3,814.
10.
Related Party Transactions
During the year the company raised invoices to a connected company totalling £167,659. At the year end £9,885 was due from the connected company. All invoices raised were at market value.
During the year the company raised invoices to a connected company totalling £60,000. At the year end there was no amounts receivable from the connected company. All invoices raised were at market value.
Page 6