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Company Registration No. 08513527 (England and Wales)
Barton Sawmill Limited Unaudited accounts for the year ended 31 May 2023
Barton Sawmill Limited Unaudited accounts Contents
Page
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Barton Sawmill Limited Company Information for the year ended 31 May 2023
Directors
Mr D Lethbridge Mrs L Lethbridge Mr P Lethbridge
Secretary
Mrs E Horton
Company Number
08513527 (England and Wales)
Registered Office
Fallapit Bungalow East Allington Totnes Devon TQ9 7QD United Kingdom
Accountants
EllamWalker Accountants Ltd Sydeham Farm Rackenford Tiverton Devon EX16 8ER
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Barton Sawmill Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
225,158 
263,652 
Current assets
Inventories
29,000 
32,000 
Debtors
120,353 
73,494 
Cash at bank and in hand
343,176 
363,030 
492,529 
468,524 
Creditors: amounts falling due within one year
(35,425)
(41,554)
Net current assets
457,104 
426,970 
Total assets less current liabilities
682,262 
690,622 
Provisions for liabilities
Deferred tax
(56,290)
(44,342)
Net assets
625,972 
646,280 
Capital and reserves
Called up share capital
30 
30 
Profit and loss account
625,942 
646,250 
Shareholders' funds
625,972 
646,280 
For the year ending 31 May 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 13 February 2024 and were signed on its behalf by
Mr D Lethbridge Director Company Registration No. 08513527
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Barton Sawmill Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Barton Sawmill Limited is a private company, limited by shares, registered in England and Wales, registration number 08513527. The registered office is Fallapit Bungalow, East Allington, Totnes, Devon, TQ9 7QD, 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.
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
10% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
33% Reducing balance
Other tangible fixed assets
20 Years straight line
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.
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.
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Barton Sawmill Limited Notes to the Accounts for the year ended 31 May 2023
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 
£ 
Cost or valuation
At cost 
At 1 June 2022
504,396 
Additions
23,204 
Disposals
(86,369)
At 31 May 2023
441,231 
Depreciation
At 1 June 2022
240,744 
Charge for the year
24,498 
On disposals
(49,169)
At 31 May 2023
216,073 
Net book value
At 31 May 2023
225,158 
At 31 May 2022
263,652 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,232 
22,194 
Accrued income and prepayments
2,830 
2,623 
Other debtors
107,291 
48,677 
120,353 
73,494 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
11,194 
1,750 
Trade creditors
8,876 
10,271 
Taxes and social security
12,341 
26,533 
Accruals
3,014 
3,000 
35,425 
41,554 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
30 Ordinary shares of £1 each
30 
30 
8
Transactions with related parties
Included in other debtors falling due within on year are directors loan accounts amounting to £107,291 (2022 - £48,677). These loans were repaid 11 September 2023.
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Barton Sawmill Limited Notes to the Accounts for the year ended 31 May 2023
9
Controlling party
The controlling party is D Lethbridge
10
Average number of employees
During the year the average number of employees was 3 (2022: 4).
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