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REGISTERED NUMBER: 01041006 (England and Wales)















E.B.S. BARKER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






E.B.S. BARKER LIMITED (REGISTERED NUMBER: 01041006)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


E.B.S. BARKER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G E Barker
P A Barker



REGISTERED OFFICE: Eagle Street
Bury New Road
Bolton
Lancashire
BL2 2BU



REGISTERED NUMBER: 01041006 (England and Wales)



ACCOUNTANTS: DTE Business Advisers Limited
The Exchange
5 Bank Street
Bury
BL9 0DN



BANKERS: National Westminster Bank plc
24 Deansgate
Bolton
Lancashire
BL1 1BN

E.B.S. BARKER LIMITED (REGISTERED NUMBER: 01041006)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 476,265 480,155

CURRENT ASSETS
Inventories 344,037 399,079
Debtors 5 362,536 333,664
Cash at bank and in hand 162,673 165,905
869,246 898,648
CREDITORS
Amounts falling due within one year 6 (278,804 ) (309,397 )
NET CURRENT ASSETS 590,442 589,251
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,066,707

1,069,406

CREDITORS
Amounts falling due after more than one
year

7

(21,296

)

(27,684

)
NET ASSETS 1,045,411 1,041,722

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Revaluation reserve 160,545 160,545
Retained earnings 834,866 831,177
1,045,411 1,041,722

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

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

The directors acknowledge their 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.

E.B.S. BARKER LIMITED (REGISTERED NUMBER: 01041006)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 26 March 2024 and were signed on its behalf by:





P A Barker - Director


E.B.S. BARKER LIMITED (REGISTERED NUMBER: 01041006)

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


1. STATUTORY INFORMATION

E.B.S Barker Limited is a private company, limited by shares, registered in England and Wales. . The company's registered number is 01041006 and registered office is Eagle Street, Bury New Road, Bolton, Lancashire, BL2 2BU.

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 as modified by the revaluation of certain assets.

The directors believe that the company's experienced management team and well established trading name, ensures that it is in a strong position to manage its business risks successfully despite the current uncertain economic outlook. On this basis the directors continue to adopt the going concern basis in preparing the financial statements.

Revenue
Revenue is measured at the fair value of the consideration received or receivable net of value added tax.

Sale of goods

Sale of goods are recognised when the company has delivered products to the customer, the customer has accepted the products and collection of the related receivables is anticipated.

Sale of services

Service revenues are recognised as those services are provided to customers.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land and property - not depreciated
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

The residual values, estimated useful lives and depreciation method of property, plant and equipment are reviewed, and adjusted as appropriate, at each statement of financial position date. The effects of any revision are recognised in the income statement when the change arises.

The directors are of the opinion that the residual value of the freehold property is at least equal to its net book value and any depreciation charges would be immaterial , as such no depreciation has been charged.

Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


E.B.S. BARKER LIMITED (REGISTERED NUMBER: 01041006)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. 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 income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension charged to income statement in the period to which they relate.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost.

E.B.S. BARKER LIMITED (REGISTERED NUMBER: 01041006)

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


2. ACCOUNTING POLICIES - continued

Critical accounting estimates and judgements
In the application of the company's accounting policies, the directors are required to make estimates and judgements. The estimates are based on historical experience and other relevant factors. Actual results may differ from these estimates.

The estimates are continually evaluated. Revisions to accounting estimates are recognised in the period in which the estimate is revised.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are outlined below.

Estimating the useful economic life of an asset and the anticipated residual value are considered key judgement in calculating an appropriate depreciation charge.

In categorising leases as finance or operating leases, the directors make judgements as to whether significant risks and rewards of ownership have transferred to the company as lessee.

Making judgement based on historical experience on the level of provision required for impairment of inventory. Further information received after the statement of financial position date may impact on the level of provision required.

The directors use judgement to provide against bad debts using knowledge of customers and experience. The provisions are revisited after the statement of financial position date to ensure appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 425,000 326,575 751,575
Additions - 15,050 15,050
Disposals - (9,750 ) (9,750 )
At 31 December 2023 425,000 331,875 756,875
DEPRECIATION
At 1 January 2023 - 271,420 271,420
Charge for year - 11,780 11,780
Eliminated on disposal - (2,590 ) (2,590 )
At 31 December 2023 - 280,610 280,610
NET BOOK VALUE
At 31 December 2023 425,000 51,265 476,265
At 31 December 2022 425,000 55,155 480,155

E.B.S. BARKER LIMITED (REGISTERED NUMBER: 01041006)

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


4. PROPERTY, PLANT AND EQUIPMENT - continued

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2013 160,545 - 160,545
Cost 264,455 331,875 596,330
425,000 331,875 756,875

In accordance with the FRS 102 transitional rules (35.10 (d)), the directors have elected to use the previous GAAP revaluation of land and buildings as deemed cost.

Land and buildings were last valued, on an open market basis, on 10 April 2013 by Edwards Swift, Chartered Surveyors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 262,281 258,241
Other debtors 100,255 75,423
362,536 333,664

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,036 10,648
Trade creditors 224,108 212,744
Taxation and social security 46,934 54,448
Other creditors 726 31,557
278,804 309,397

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 21,296 27,684

E.B.S. BARKER LIMITED (REGISTERED NUMBER: 01041006)

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


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 15,536 12,127
Between one and five years 6,831 15,166
22,367 27,293