Barnes_Mayer_Ltd_31_Mar_2023_companies_house_set_of_accounts.html
Barnes_Mayer_Ltd_31_Mar_2023_companies_house_set_of_accounts.html
Company registration number:
Report to the board of directors on the preparation of the unaudited statutory financial statements of Barnes Mayer Limited
Year ended 31 March 2023
As described on the statement of financial position, the Board of Directors of Barnes Mayer Limited are responsible for the preparation of the financial statements for the year ended 31 March 2023 , which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
OneSt. Peters RoadMaidenheadSL6 7QUUnited Kingdom
Date:
26 November 2023
Statement of Financial Position
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Intangible assets | 5 |
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| Tangible assets | 6 |
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| Investments | 7 |
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| Current assets | |||||
| Debtors | 8 |
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| Cash at bank and in hand |
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| Creditors: amounts falling due within one year | 9 |
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| Net current (liabilities)/assets |
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| Total assets less current liabilities | 82,835 | 41,441 | |||
| Creditors: amounts falling due after more than one year | 10 |
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| Net assets |
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| Capital and reserves | |||||
| Called up share capital |
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| Profit and loss account |
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| Shareholders funds |
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For the year ending 31 March 2023 , the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 26 November 2023 , and are signed on behalf of the board by:
| Director | Director |
Company registration number:
04672956
Notes to the Financial Statements
Year ended 31 March 2023
1 General information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is One , St. Peters Road , Maidenhead , SL6 7QU , England.
2 Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.
3 Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The financial statements are prepared in sterling, which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Current tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Goodwill
Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.
Tangible assets
Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
| Office equipment |
Fixed asset investments
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.
Defined contribution pension plan
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4 Average number of employees
The average number of persons employed by the company during the year was 4 (2022: 4.00 ).
5 Intangible assets
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6 Tangible assets
| Plant and machinery etc. | ||
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| At 31 March 2022 | - | |
7 Investments
| Shares in group undertakings and participating interests | ||
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| At 31 March 2022 | - | |
8 Debtors
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Trade debtors |
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| Other debtors |
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The debtors above include the following amounts falling due after more than one year:
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other debtors | - |
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9 Creditors: amounts falling due within one year
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Bank loans and overdrafts |
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| Trade creditors |
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| Taxation and social security |
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| Other creditors |
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10 Creditors: amounts falling due after more than one year
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| Bank loans and overdrafts |
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