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REGISTERED NUMBER: SC246126 (Scotland)















Unaudited Financial Statements

for the Period 1st March 2022 to 31st March 2023

for

Thomas M. Barrie Limited

Thomas M. Barrie Limited (Registered number: SC246126)






Contents of the Financial Statements
for the Period 1st March 2022 to 31st March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Thomas M. Barrie Limited

Company Information
for the Period 1st March 2022 to 31st March 2023







DIRECTOR: Mr T M Barrie





SECRETARY: Mr T M Barrie





REGISTERED OFFICE: 3 Aros Lane
Callander
FK17 8BU





REGISTERED NUMBER: SC246126 (Scotland)





ACCOUNTANTS: Stevenson Ferguson & Company Limited
15 Parish Gardens
SYMINGTON
Ayrshire
KA1 5SB

Thomas M. Barrie Limited (Registered number: SC246126)

Balance Sheet
31st March 2023

31.3.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,000 84,500

CURRENT ASSETS
Debtors 5 34,302 14,890
Cash at bank and in hand 34,537 39,480
68,839 54,370
CREDITORS
Amounts falling due within one year 6 40,855 74,403
NET CURRENT ASSETS/(LIABILITIES) 27,984 (20,033 )
TOTAL ASSETS LESS CURRENT LIABILITIES 89,984 64,467

CREDITORS
Amounts falling due after more than one year 7 60,453 62,776
NET ASSETS 29,531 1,691

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 29,529 1,689
SHAREHOLDERS' FUNDS 29,531 1,691

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

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

The director acknowledges his 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 director and authorised for issue on 26th October 2023 and were signed by:





Mr T M Barrie - Director


Thomas M. Barrie Limited (Registered number: SC246126)

Notes to the Financial Statements
for the Period 1st March 2022 to 31st March 2023

1. STATUTORY INFORMATION

Thomas M. Barrie Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company 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 Companies Act 2006. 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 - 25% on reducing balance

Taxation
Taxation for the period 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2022 - 1 ) .

Thomas M. Barrie Limited (Registered number: SC246126)

Notes to the Financial Statements - continued
for the Period 1st March 2022 to 31st March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2022
and 31st March 2023 138,254
DEPRECIATION
At 1st March 2022 53,754
Charge for period 22,500
At 31st March 2023 76,254
NET BOOK VALUE
At 31st March 2023 62,000
At 28th February 2022 84,500

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

Plant and
machinery
etc
£   
COST
At 1st March 2022
and 31st March 2023 96,000
DEPRECIATION
At 1st March 2022 24,000
Charge for period 19,500
At 31st March 2023 43,500
NET BOOK VALUE
At 31st March 2023 52,500
At 28th February 2022 72,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 28.2.22
£    £   
Trade debtors 32,375 12,963
Other debtors 1,927 1,927
34,302 14,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 28.2.22
£    £   
Bank loans and overdrafts 3,727 20,193
Hire purchase contracts 15,680 15,680
Trade creditors 2,605 4,342
Taxation and social security (575 ) (144 )
Other creditors 19,418 34,332
40,855 74,403

Thomas M. Barrie Limited (Registered number: SC246126)

Notes to the Financial Statements - continued
for the Period 1st March 2022 to 31st March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 28.2.22
£    £   
Bank loans 20,516 7,456
Hire purchase contracts 39,937 55,320
60,453 62,776

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,062 -

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr T M Barrie.