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REGISTERED NUMBER: 01956502 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

BARFORD IMPORTS LIMITED

BARFORD IMPORTS LIMITED (REGISTERED NUMBER: 01956502)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BARFORD IMPORTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTORS: J Kaiser
C J Kaiser
M J Kaiser





SECRETARY: J Kaiser





REGISTERED OFFICE: Church Fold
Leathley Lane
Leathley
Nr Otley
West Yorkshire
LS21 2JX





REGISTERED NUMBER: 01956502 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

BARFORD IMPORTS LIMITED (REGISTERED NUMBER: 01956502)

BALANCE SHEET
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,458 4,958
Tangible assets 5 1 1
4,459 4,959

CURRENT ASSETS
Stocks 6 107,551 107,261
Debtors 7 86,671 79,492
Cash at bank 236 4,708
194,458 191,461
CREDITORS
Amounts falling due within one year 8 18,729 13,462
NET CURRENT ASSETS 175,729 177,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,188

182,958

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 180,088 182,858
SHAREHOLDERS' FUNDS 180,188 182,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:





J Kaiser - Director


BARFORD IMPORTS LIMITED (REGISTERED NUMBER: 01956502)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Barford Imports Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.


Goodwill
Goodwill is being written off evenly over its estimated useful life of forty years. This goodwill arose on the company's acquisition in 1986 of access to certain client bases and commercial relationships held by the wine brokers it trades with. These are reasonably expected to continue throughout the brokers' business careers which typically last for forty years. The directors thus consider that it is appropriate to amortise goodwill over forty years and that this policy is necessary for the accounts to give a true and fair view.

Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - over 4 to 10 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

BARFORD IMPORTS LIMITED (REGISTERED NUMBER: 01956502)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 20,000
AMORTISATION
At 1 February 2022 15,042
Amortisation for year 500
At 31 January 2023 15,542
NET BOOK VALUE
At 31 January 2023 4,458
At 31 January 2022 4,958

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2022
and 31 January 2023 2,978
DEPRECIATION
At 1 February 2022
and 31 January 2023 2,977
NET BOOK VALUE
At 31 January 2023 1
At 31 January 2022 1

6. STOCKS
2023 2022
£    £   
Stocks 107,551 107,261

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,075 26,589
Other debtors 59,818 52,333
VAT 1,778 570
86,671 79,492

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,967 9,822
Accrued expenses 3,762 3,640
18,729 13,462

BARFORD IMPORTS LIMITED (REGISTERED NUMBER: 01956502)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 February 2022 182,858
Deficit for the year (2,770 )
At 31 January 2023 180,088

11. RELATED PARTY DISCLOSURES

Throughout this and the previous year the company traded from premises owned by Jurgen Kaiser Wines LLP on a rent free basis.

Other debtors include a loan to Klostergut Ltd a company in which the directors are also directors.

Other debtors also include a loan to Jurgen Kaiser Wines LLP a company in which the directors are members.