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REGISTERED NUMBER: 07503273 (England and Wales)








FINANCIAL STATEMENTS

FOR THE PERIOD 30 MAY 2022 TO 31 MAY 2023

FOR

BARKERS ANIMAL HEALTH LIMITED

BARKERS ANIMAL HEALTH LIMITED (REGISTERED NUMBER: 075032

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 MAY 2022 TO 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARKERS ANIMAL HEALTH LIMITED

COMPANY INFORMATION
FOR THE PERIOD 30 MAY 2022 TO 31 MAY 2023







DIRECTOR: P J Barker





REGISTERED OFFICE: Unit 17 Lopen Business Park
Lopen
South Petherton
Somerset
TA13 5JS





REGISTERED NUMBER: 07503273 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

BARKERS ANIMAL HEALTH LIMITED (REGISTERED NUMBER: 075032

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 127,637 127,982
127,637 127,982

CURRENT ASSETS
Stocks 6 924,359 774,967
Debtors 7 1,485,888 1,309,380
Cash at bank and in hand 49,403 58,605
2,459,650 2,142,952
CREDITORS
Amounts falling due within one year 8 1,604,061 1,458,307
NET CURRENT ASSETS 855,589 684,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

983,226

812,627

CREDITORS
Amounts falling due after more than one
year

9

(120,111

)

(113,661

)

PROVISIONS FOR LIABILITIES 12 (27,504 ) (20,753 )
NET ASSETS 835,611 678,213

BARKERS ANIMAL HEALTH LIMITED (REGISTERED NUMBER: 075032

BALANCE SHEET - continued
31 MAY 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 835,511 678,113
SHAREHOLDERS' FUNDS 835,611 678,213

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





P J Barker - Director


BARKERS ANIMAL HEALTH LIMITED (REGISTERED NUMBER: 075032

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 30 MAY 2022 TO 31 MAY 2023


1. STATUTORY INFORMATION

Barkers Animal Health 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.

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 sales of goods net of rebates and value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% 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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


BARKERS ANIMAL HEALTH LIMITED (REGISTERED NUMBER: 075032

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 MAY 2022 TO 31 MAY 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 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 13 (2022 - 12 ) .

BARKERS ANIMAL HEALTH LIMITED (REGISTERED NUMBER: 075032

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 MAY 2022 TO 31 MAY 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 30 May 2022
and 31 May 2023 12,000
AMORTISATION
At 30 May 2022
and 31 May 2023 12,000
NET BOOK VALUE
At 31 May 2023 -
At 29 May 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 30 May 2022 10,900 11,434 275,624 10,745 308,703
Additions - - 66,364 617 66,981
Disposals - - (31,500 ) - (31,500 )
At 31 May 2023 10,900 11,434 310,488 11,362 344,184
DEPRECIATION
At 30 May 2022 6,300 8,291 162,717 3,413 180,721
Charge for period 1,800 1,572 49,396 2,558 55,326
Eliminated on disposal - - (19,500 ) - (19,500 )
At 31 May 2023 8,100 9,863 192,613 5,971 216,547
NET BOOK VALUE
At 31 May 2023 2,800 1,571 117,875 5,391 127,637
At 29 May 2022 4,600 3,143 112,907 7,332 127,982

BARKERS ANIMAL HEALTH LIMITED (REGISTERED NUMBER: 075032

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 MAY 2022 TO 31 MAY 2023


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 30 May 2022 268,124
Additions 66,364
Disposals (24,000 )
Transfer to ownership (67,922 )
At 31 May 2023 242,566
DEPRECIATION
At 30 May 2022 155,217
Charge for period 49,396
Eliminated on disposal (12,000 )
Transfer to ownership (67,922 )
At 31 May 2023 124,691
NET BOOK VALUE
At 31 May 2023 117,875
At 29 May 2022 112,907

6. STOCKS
2023 2022
£    £   
Stocks 924,359 774,967

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,472,395 1,282,898
Prepayments and accrued income 13,493 26,482
1,485,888 1,309,380

BARKERS ANIMAL HEALTH LIMITED (REGISTERED NUMBER: 075032

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 MAY 2022 TO 31 MAY 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 10) 10,000 10,000
Hire purchase contracts 38,772 43,216
Trade creditors 1,276,543 1,137,242
Corporation tax 131,005 102,084
Social security and other taxes 22,550 22,509
VAT 6,966 23,211
Directors' current accounts 110,675 102,745
Accruals and deferred income 7,550 17,300
1,604,061 1,458,307

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans (see note 10) 20,000 30,000
Hire purchase contracts 100,111 83,661
120,111 113,661

10. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,000 10,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 10,000 20,000

BARKERS ANIMAL HEALTH LIMITED (REGISTERED NUMBER: 075032

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 30 MAY 2022 TO 31 MAY 2023


11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 30,000 40,000
Hire purchase contracts 138,883 126,877
168,883 166,877

The loans are secured by charges on the company's assets and by a Government guarantee.

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 27,504 20,753

Deferred
tax
£   
Balance at 30 May 2022 20,753
Provided during period 6,751
Balance at 31 May 2023 27,504

13. RELATED PARTY DISCLOSURES

During the period, total dividends of £2,000 (2022 - £9,000) were paid to the director .

At the balance sheet date the director had made a loan to the company of £110,675 (2022- £102,745). This balance is repayable on demand.