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Company Registration No. 07136132 (England and Wales)
Barkers Truck & Trailer Ltd Unaudited accounts for the year ended 31 August 2023
Barkers Truck & Trailer Ltd Unaudited accounts Contents
Page
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Barkers Truck & Trailer Ltd Company Information for the year ended 31 August 2023
Directors
S W Barker K E Barker
Company Number
07136132 (England and Wales)
Registered Office
The Reefer trailer Centre Whieldon Road Stoke on Trent Staffordshire ST4 4HP United Kingdom
Accountants
Tyler Cobane Limited 29 Walton Way Walton Stone Staffordshire ST15 0JF
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Barkers Truck & Trailer Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
257,627 
147,352 
Current assets
Inventories
399,409 
15,000 
Debtors
427,635 
315,228 
Cash at bank and in hand
457,690 
561,319 
1,284,734 
891,547 
Creditors: amounts falling due within one year
(798,804)
(712,124)
Net current assets
485,930 
179,423 
Total assets less current liabilities
743,557 
326,775 
Creditors: amounts falling due after more than one year
(147,619)
(133,949)
Provisions for liabilities
Deferred tax
(22,467)
(23,717)
Net assets
573,471 
169,109 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
573,371 
169,009 
Shareholders' funds
573,471 
169,109 
For the year ending 31 August 2023 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by
S W Barker Director Company Registration No. 07136132
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Barkers Truck & Trailer Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Barkers Truck & Trailer Ltd is a private company, limited by shares, registered in England and Wales, registration number 07136132. The registered office is The Reefer trailer Centre, Whieldon Road, Stoke on Trent, Staffordshire, ST4 4HP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Barkers Truck & Trailer Ltd Notes to the Accounts for the year ended 31 August 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 September 2022
4,970 
152,106 
978 
1,439 
159,493 
Additions
8,024 
227,931 
- 
760 
236,715 
Disposals
- 
(71,400)
- 
- 
(71,400)
At 31 August 2023
12,994 
308,637 
978 
2,199 
324,808 
Depreciation
At 1 September 2022
48 
10,281 
803 
1,009 
12,141 
Charge for the year
1,488 
68,241 
44 
142 
69,915 
On disposals
- 
(14,875)
- 
- 
(14,875)
At 31 August 2023
1,536 
63,647 
847 
1,151 
67,181 
Net book value
At 31 August 2023
11,458 
244,990 
131 
1,048 
257,627 
At 31 August 2022
4,922 
141,825 
175 
430 
147,352 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
291,565 
133,964 
Other debtors
136,070 
181,264 
427,635 
315,228 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Obligations under finance leases and hire purchase contracts
41,287 
21,175 
Trade creditors
518,112 
475,349 
Taxes and social security
221,142 
191,612 
Other creditors
8,263 
13,988 
798,804 
712,124 
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Barkers Truck & Trailer Ltd Notes to the Accounts for the year ended 31 August 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,500 
27,500 
Obligations under finance leases and hire purchase contracts
130,119 
106,449 
147,619 
133,949 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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