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REGISTERED NUMBER: 07442130 (England and Wales)















C & J BARRETT LTD
TRADING AS
CILFIEGAN SAWMILL

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






C & J BARRETT LTD (REGISTERED NUMBER: 07442130)
TRADING AS CILFIEGAN SAWMILL






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C & J BARRETT LTD
TRADING AS CILFIEGAN SAWMILL

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: C J Barrett





SECRETARY: L J Wadley





REGISTERED OFFICE: Cilfiegan Sawmills
Llanbadoc
Usk
Monmouthshire
NP15 1PS





REGISTERED NUMBER: 07442130 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

C & J BARRETT LTD (REGISTERED NUMBER: 07442130)
TRADING AS CILFIEGAN SAWMILL

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,000 8,000
Tangible assets 5 23,348 25,728
30,348 33,728

CURRENT ASSETS
Stocks 46,425 43,175
Debtors 6 21,888 22,798
Cash at bank and in hand 194,988 206,146
263,301 272,119
CREDITORS
Amounts falling due within one year 7 77,077 85,965
NET CURRENT ASSETS 186,224 186,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,572

219,882

PROVISIONS FOR LIABILITIES 3,304 3,684
NET ASSETS 213,268 216,198

C & J BARRETT LTD (REGISTERED NUMBER: 07442130)
TRADING AS CILFIEGAN SAWMILL

BALANCE SHEET - continued
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 150 150
Capital redemption reserve 100 100
Retained earnings 213,018 215,948
SHAREHOLDERS' FUNDS 213,268 216,198

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th February 2024 and were signed by:





C J Barrett - Director


C & J BARRETT LTD (REGISTERED NUMBER: 07442130)
TRADING AS CILFIEGAN SAWMILL

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

C & J Barrett Ltd 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on cost

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 Profit and Loss, 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.


C & J BARRETT LTD (REGISTERED NUMBER: 07442130)
TRADING AS CILFIEGAN SAWMILL

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
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 AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 20,000
AMORTISATION
At 1st January 2023 12,000
Charge for year 1,000
At 31st December 2023 13,000
NET BOOK VALUE
At 31st December 2023 7,000
At 31st December 2022 8,000

C & J BARRETT LTD (REGISTERED NUMBER: 07442130)
TRADING AS CILFIEGAN SAWMILL

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st January 2023 48,000 97,695 29,885 175,580
Additions - 1,741 - 1,741
At 31st December 2023 48,000 99,436 29,885 177,321
DEPRECIATION
At 1st January 2023 38,550 81,419 29,883 149,852
Charge for year 1,418 2,703 - 4,121
At 31st December 2023 39,968 84,122 29,883 153,973
NET BOOK VALUE
At 31st December 2023 8,032 15,314 2 23,348
At 31st December 2022 9,450 16,276 2 25,728

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 18,997 17,172
VAT - 2,951
Prepayments 2,891 2,675
21,888 22,798

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,096 12,890
Corporation Tax 10,555 8,853
VAT 434 -
Other creditors 3,182 894
Loan - Mrs A J Barrett 20,000 -
Directors' current accounts 35,660 60,103
Accruals 4,150 3,225
77,077 85,965

C & J BARRETT LTD (REGISTERED NUMBER: 07442130)
TRADING AS CILFIEGAN SAWMILL

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A £1 100 100
50 Ordinary B £1 50 50
150 150

9. RELATED PARTY DISCLOSURES

At 31 December 2023 the balance on the director's loan due to C J Barrett was £35,660 (2022: £60,103).
During the year the company paid rent to C J Barrett of £10,800 (2022: £10,800).

At 31 December 2023 the company owed £20,000 to Mrs A J Barrett who is a shareholder of the
company.