Barnes Contractors (UK) LLP - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: OC334856 (England and Wales)

BARNES CONTRACTORS (UK) LLP

Unaudited Financial Statements for the Year Ended 30 November 2022

Page

General Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DESIGNATED MEMBERS:

Barnes Construction South East Limited

D P Barnes

REGISTERED OFFICE:

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

REGISTERED NUMBER:

OC334856 (England and Wales)

ACCOUNTANTS:

Tudor John Limited

Nightingale House

46-48 East Street

Epsom

Surrey

KT17 1HQ

FIXED ASSETS

Tangible assets

4

23,490

33,378

CURRENT ASSETS

Stocks

15,000

11,000

Debtors

5

180,862

59,988

Cash at bank

11,065

22,435

206,927

93,423

CREDITORS

Amounts falling due within one year

6

419,470

276,669

NET CURRENT LIABILITIES

(212,543

)

(183,246

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(189,053

)

(149,868

)

CREDITORS

Amounts falling due after more than one year

7

22,000

32,232

NET LIABILITIES ATTRIBUTABLE TO MEMBERS

(211,053

)

(182,100

)

LOANS AND OTHER DEBTS DUE TO MEMBERS

-

-

MEMBERS' OTHER INTERESTS

Capital accounts

(211,053

)

(182,100

)

(211,053

)

(182,100

)

TOTAL MEMBERS' INTERESTS

Members' other interests

(211,053

)

(182,100

)

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the year ended 30 November 2022.

The members acknowledge their responsibilities for:

(a)	ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

The financial statements have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 7 August 2023 and were signed by:

D P Barnes - Designated member

1.	STATUTORY INFORMATION

Barnes Contractors (UK) LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEE INFORMATION

The average number of employees during the year was 5 (2021 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2021

103,350

Additions

409

Disposals

(17,450

)

At 30 November 2022

86,309

DEPRECIATION

At 1 December 2021

69,972

Charge for year

8,028

Eliminated on disposal

(15,181

)

At 30 November 2022

62,819

NET BOOK VALUE

At 30 November 2022

23,490

At 30 November 2021

33,378

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 December 2021

34,950

Disposals

(17,450

)

At 30 November 2022

17,500

DEPRECIATION

At 1 December 2021

25,298

Charge for year

1,846

Eliminated on disposal

(15,181

)

At 30 November 2022

11,963

NET BOOK VALUE

At 30 November 2022

5,537

At 30 November 2021

9,652

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

154,957

39,750

Other debtors

25,905

20,238

180,862

59,988

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

8,000

8,000

Hire purchase contracts

2,232

11,849

Trade creditors

296,957

168,233

Taxation and social security

53,041

45,127

Other creditors

59,240

43,460

419,470

276,669

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

22,000

30,000

Hire purchase contracts

-

2,232

22,000

32,232