01 July 2022 30 June 2023 No principle activity is included 07732943 2022-07-01 07732943 2023-06-30 07732943 2022-07-01 2023-06-30 07732943 2022-06-30 07732943 2021-07-01 2022-06-30 07732943 uk-core:WithinOneYear 2023-06-30 07732943 uk-core:WithinOneYear 2022-06-30 07732943 uk-core:AfterOneYear 2023-06-30 07732943 uk-core:AfterOneYear 2022-06-30 07732943 uk-core:ShareCapital 2023-06-30 07732943 uk-core:ShareCapital 2022-06-30 07732943 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 07732943 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 07732943 uk-bus:Director1 2022-07-01 2023-06-30 07732943 uk-curr:PoundSterling 2022-07-01 2023-06-30 07732943 uk-core:PlantMachinery 2022-07-01 2023-06-30 07732943 uk-core:Vehicles 2022-07-01 2023-06-30 07732943 uk-core:FurnitureFittings 2022-07-01 2023-06-30 07732943 uk-core:OfficeEquipment 2022-07-01 2023-06-30 07732943 uk-core:VehiclesPlantMachinery 2022-06-30 07732943 uk-core:FurnitureFittingsToolsEquipment 2022-06-30 07732943 uk-core:VehiclesPlantMachinery 2022-07-01 2023-06-30 07732943 uk-core:FurnitureFittingsToolsEquipment 2022-07-01 2023-06-30 07732943 uk-core:VehiclesPlantMachinery 2023-06-30 07732943 uk-core:FurnitureFittingsToolsEquipment 2023-06-30 07732943 uk-core:BetweenTwoFiveYears 2023-06-30 07732943 uk-core:BetweenTwoFiveYears 2022-06-30 07732943 uk-bus:FRS102 2022-07-01 2023-06-30 07732943 uk-bus:FullAccounts 2022-07-01 2023-06-30 07732943 uk-bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 07732943 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 iso4217:GBP xbrli:pure
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  LONDON BARREL MAKER LIMITED
   
   
   
  UNAUDITED FINANCIAL STATEMENTS
   
   
  FOR THE YEAR ENDED 30 JUNE 2023
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
  LONDON BARREL MAKER LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 JUNE 2023
       
       
  DIRECTORS
       
  Mr W Blacker
  Mrs J Blacker
       
       
  SECRETARY
       
  Mrs J Blacker
       
  REGISTERED OFFICE
       
  25 Park Street West
Luton
Beds
LU1 3BE
       
       
  COMPANY REGISTERED NUMBER
       
  07732943
       
       
  BANKERS
       
  Lloyds Bank PLC
       
       
  ACCOUNTANTS
       
  Haartwells Limited
  Chartered Certified Accountants
  25 Park Street West
Luton
Bedfordshire
LU1 3BE
       
  page 1
  LONDON BARREL MAKER LIMITED
  FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 30 JUNE 2023
       
       
       
  CONTENTS
       
  Pages
       
       
  3-4 Statement of Financial Position  
       
       
  5-8 Notes to the Financial Statements  
       
     
  page 2
  LONDON BARREL MAKER LIMITED
  Company registered number: 07732943
  STATEMENT OF FINANCIAL POSITION AT 30 June 2023
           
    Note 2023 2022
      £ £ £
  FIXED ASSETS
  Property, plant and equipment 3 46,797 54,431
  CURRENT ASSETS    
  Inventories   68,750 70,265
  Debtors 5 16,969 21,169
      85,719 91,434
  CREDITORS: Amounts falling due within one year 6 63,748 55,098
  NET CURRENT ASSETS   21,971 36,336
  TOTAL ASSETS LESS CURRENT LIABILITIES   68,768 90,767
           
  CREDITORS: Amounts falling due after more than one year 7 (62,949) (85,171)
  NET ASSETS   £5,819 £5,596
       
  CAPITAL AND RESERVES
  Called up share capital   100 100
  Retained earnings   5,719 5,496
  SHAREHOLDERS' FUNDS   £5,819 £5,596
       
  The notes on pages 5-8 form part of these financial statements
   
  page 3
  LONDON BARREL MAKER LIMITED
  Company registered number: 07732943
  STATEMENT OF FINANCIAL POSITION AT 30 June 2023 (CONT.)
           
    Note 2023 2022
      £ £ £
       
       
  In approving these financial statements as directors of the company we hereby confirm the following:
       
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
       
  The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with section 476 of the Companies Act 2006.
       
  The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.
 
 
  These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies
       
  In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
       
  The financial statements were approved and authorised for issue by the board of directors on 06 February 2024
 
  Signed on behalf of the board of directors
 
 
       
  Mr W Blacker, Director
       
       
  The notes on pages 5-8 form part of these financial statements
   
  page 4
  LONDON BARREL MAKER LIMITED
  NOTES TO THE ACCOUNTS
  FOR THE YEAR ENDED 30 JUNE 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES
       
         
1a. Statement of compliance
         
  London Barrel Maker Limited is a Private limited company incorporated in England and Wales..
         
  The company's registered number and registered office address can be found on the Company Information page.
         
  These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 July 2022.
         
  The transition to FRS 102 has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in notes and below. 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" and the Companies Act 2006.
         
 
         
  Basis of accounting
         
 
  The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.
         
1c. Revenue recognition
         
  Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
         
1d. Taxation
         
         
  Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
       
1e. Property, plant and equipment
       
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
       
  Plant and machinery Reducing balance 25%  
  Vehicles Reducing balance 25%  
  Fixtures and fittings Reducing balance 15%  
  Equipment Reducing balance 15%  
         
1f. Inventories
         
  Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.
         
  The notes on pages 5-8 form part of these financial statements
   
  page 5
  LONDON BARREL MAKER LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 JUNE 2023
       
 
1. SIGNIFICANT ACCOUNTING POLICIES (CONT.)
         
1g. Short term debtors and creditors
         
  Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.
         
         
1h. Cash and cash equivalents
         
  Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.
         
 
         
1i. Interest bearing borrowings
         
  All interest-bearing loans and borrowings which are basic financial instruments are initially recognised at the present value of cash payable to the bank (including interest). After initial recognition they are measured at amortised cost using the effective interest rate method, less impairment. Any difference between the amount initially recognised and redemption value is recognised in profit and loss together with any interest and fees payable.
         
         
1j. Leased assets
         
  Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.
         
 
         
       
       
2. DIRECTORS AND EMPLOYEES
       
  The average weekly number of employees during the year were as follows:
    2023 2022
       
  Management and administration 1 1
  Production and sales 1 2
    2 3
   
  The notes on pages 5-8 form part of these financial statements
   
  page 6
  LONDON BARREL MAKER LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 JUNE 2023
         
3. PROPERTY, PLANT AND EQUIPMENT
    Plant & Fixtures &  
    Machinery Equipment Total
    £ £ £
  Cost
         
  At 1 July 2022 110,827 32,832 143,659
  Additions other than through business combinations 37,161 - 37,161
         
  Disposals (54,375) - (54,375)
  At 30 June 2023 93,613 32,832 126,445
   
  Depreciation
         
  At 1 July 2022 66,827 22,401 89,228
  Disposals (23,789) - (23,789)
  For the year 12,644 1,565 14,209
  At 30 June 2023 55,682 23,966 79,648
   
  Net Book Amounts
         
  At 30 June 2023 37,931 8,866 46,797
  At 30 June 2022 44,000 10,431 54,431
   
       
4. INVENTORIES 2023 2022
       
    £ £
  Stock comprises:
       
  Raw materials 68,750 70,265
    £68,750 £70,265
   
       
       
5. DEBTORS 2023 2022
    £ £
  Trade debtors 16,969 21,169
    £16,969 £21,169
   
  The notes on pages 5-8 form part of these financial statements
   
  page 7
  LONDON BARREL MAKER LIMITED
  NOTES TO THE ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 30 JUNE 2023
       
       
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
    2023 2022
    £ £
  Bank loans and overdrafts 23,621 20,633
  Finance leases and hire purchase contracts 5,620 5,620
  Trade creditors 4,509 -
  Corporation tax 17,744 22,148
  Other taxes and social security 10,277 6,034
  Other creditors 1,977 663
    £63,748 £55,098
   
       
       
       
7. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
    2023 2022
    £ £
  Bank loans and overdrafts 15,158 18,336
  Finance leases and hire purchase contracts 47,791 66,835
    £62,949 £85,171
   
       
  Analysis of borrowings:
       
  Due within five years:
  within 1 year
  bank 7,476 7,476
  within 2-5 years
  bank 15,158 18,336
  leases 47,791 66,835
    £70,425 £92,647
   
  The notes on pages 5-8 form part of these financial statements
   
  page 8