Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.72022-04-01falseNo description of principal activity7false 09049676 2022-04-01 2023-03-31 09049676 2021-04-01 2022-03-31 09049676 2023-03-31 09049676 2022-03-31 09049676 c:Director1 2022-04-01 2023-03-31 09049676 d:Buildings 2022-04-01 2023-03-31 09049676 d:Buildings 2023-03-31 09049676 d:Buildings 2022-03-31 09049676 d:Buildings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09049676 d:Buildings d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 09049676 d:PlantMachinery 2022-04-01 2023-03-31 09049676 d:PlantMachinery 2023-03-31 09049676 d:PlantMachinery 2022-03-31 09049676 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09049676 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 09049676 d:MotorVehicles 2022-04-01 2023-03-31 09049676 d:MotorVehicles 2023-03-31 09049676 d:MotorVehicles 2022-03-31 09049676 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09049676 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 09049676 d:FurnitureFittings 2022-04-01 2023-03-31 09049676 d:FurnitureFittings 2023-03-31 09049676 d:FurnitureFittings 2022-03-31 09049676 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09049676 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 09049676 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 09049676 d:LeasedAssetsHeldAsLessee 2022-04-01 2023-03-31 09049676 d:Goodwill 2023-03-31 09049676 d:Goodwill 2022-03-31 09049676 d:CurrentFinancialInstruments 2023-03-31 09049676 d:CurrentFinancialInstruments 2022-03-31 09049676 d:Non-currentFinancialInstruments 2023-03-31 09049676 d:Non-currentFinancialInstruments 2022-03-31 09049676 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09049676 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 09049676 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09049676 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 09049676 d:ShareCapital 2023-03-31 09049676 d:ShareCapital 2022-03-31 09049676 d:RetainedEarningsAccumulatedLosses 2023-03-31 09049676 d:RetainedEarningsAccumulatedLosses 2022-03-31 09049676 c:FRS102 2022-04-01 2023-03-31 09049676 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 09049676 c:FullAccounts 2022-04-01 2023-03-31 09049676 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09049676 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 09049676 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 09049676 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 09049676 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 09049676 d:Goodwill d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 09049676










BARBER REFRIGERATION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
BARBER REFRIGERATION LIMITED
REGISTERED NUMBER: 09049676

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
9,000
12,000

Tangible assets
 5 
8,124
55,398

  
17,124
67,398

Current assets
  

Stocks
  
80,000
100,000

Debtors: amounts falling due within one year
 6 
88,174
136,079

Cash at bank and in hand
  
18,805
-

  
186,979
236,079

Creditors: amounts falling due within one year
 7 
(158,070)
(230,360)

Net current assets
  
 
 
28,909
 
 
5,719

Total assets less current liabilities
  
46,033
73,117

Creditors: amounts falling due after more than one year
 8 
(23,972)
(39,605)

Provisions for liabilities
  

Deferred tax
  
(1,246)
(3,988)

  
 
 
(1,246)
 
 
(3,988)

Net assets
  
20,815
29,524


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
20,715
29,424

  
20,815
29,524


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Page 1

 
BARBER REFRIGERATION LIMITED
REGISTERED NUMBER: 09049676
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 November 2023.




Ian Gordon Fraser Barber
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Barber Refrigeration Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09049676 and registered office address is 3 New Mill Court, Swansea Enterprise Park, Swansea Enterprise Park, SA7 9FG.
The presentation currency of the financial statements is the Pound Sterling (£).  
                                       
Monetary amounts in these financial statements are rounded to the nearest pound. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make
judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are
not readily apparent from other sources. The estimates and associated assumptions are based on
historical experience and other factors which are considered to be relevant. Actual results may differ
from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision only
effects that period, or in the period of the revision and future periods if the revision affects both
current and future periods.
The following are the critical judgements that the directors have made in the process of applying the
company's accounting policies and that have the most significant effect on the amounts recognised in
the financial statements.
Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective
evidence of impairment, an impairment loss is recognised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and
a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent
liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent
assets are only disclosed if an inflow of economic benefits is probable.

Page 3

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Going concern

The directors have assessed the principal risks and uncertainties impacting the company and the pressures facing the global economy. The directors are aware that the situation is continually evolving and is prepared to adapt with the latest developments and recommendations.
The directors have assessed the balance sheet and likely future cash flows of the company at the date of approving the financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Motor vehicles
-
25%
Fixtures and fittings
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

  
2.9

Financial instruments

Basic financial assets, which include trade and other debtors and cash and bank balances, are intitially meaured at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

  
2.10

Pension

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


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 7).

Page 6

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
30,000



At 31 March 2023

30,000



Amortisation


At 1 April 2022
18,000


Charge for the year on owned assets
3,000



At 31 March 2023

21,000



Net book value



At 31 March 2023
9,000



At 31 March 2022
12,000



Page 7

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
35,000
3,185
76,850
4,063
119,098


Disposals
(35,000)
-
-
-
(35,000)



At 31 March 2023

-
3,185
76,850
4,063
84,098



Depreciation


At 1 April 2022
-
634
60,913
2,153
63,700


Charge for the year on owned assets
-
450
5,929
891
7,270


Charge for the year on financed assets
-
-
5,004
-
5,004



At 31 March 2023

-
1,084
71,846
3,044
75,974



Net book value



At 31 March 2023
-
2,101
5,004
1,019
8,124



At 31 March 2022
35,000
2,551
15,937
1,910
55,398


6.


Debtors

2023
2022
£
£


Trade debtors
80,692
129,538

Other debtors
-
91

Prepayments and accrued income
7,482
6,450

88,174
136,079


Page 8

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
36,800
77,776

Trade creditors
35,712
42,717

Corporation tax
-
12,097

Other taxation and social security
42,204
40,025

Obligations under finance lease and hire purchase contracts
4,789
11,109

Other creditors
33,394
41,136

Accruals and deferred income
5,171
5,500

158,070
230,360



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
1,065
5,855

Other creditors
22,907
33,750

23,972
39,605



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
4,789
11,109

Between 1-5 years
1,065
5,854

5,854
16,963

Page 9

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.

Secured debts

The following secured debts are included within creditors:

2023
2022
        £
        £
Hire purchase contracts

5,854

16,963
 

Obligations under hire purchase are secured on the assets to which they relate.


11.


Transactions with directors

 The amount owed to the directors at the balance sheet date included within other creditors is £10,202 (2022 - £7,218). Loans due to the directors are interest free.


12.


Capital commitments


At 31 March 2023 the Company had capital commitments as follows:

2023
2022
£
£


Contracted for but not provided in these financial statements
58,597
-

58,597
-

 
Page 10