Caseware UK (AP4) 2023.0.135 2023.0.135 62023-02-01The principle activities are Retail sale of hardware, paints and glass in specialised storesfalse6truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00492404 2023-02-01 2024-01-31 00492404 2022-02-01 2023-01-31 00492404 2024-01-31 00492404 2023-01-31 00492404 c:Director1 2023-02-01 2024-01-31 00492404 d:Buildings d:ShortLeaseholdAssets 2023-02-01 2024-01-31 00492404 d:Buildings d:ShortLeaseholdAssets 2024-01-31 00492404 d:Buildings d:ShortLeaseholdAssets 2023-01-31 00492404 d:MotorVehicles 2023-02-01 2024-01-31 00492404 d:MotorVehicles 2024-01-31 00492404 d:MotorVehicles 2023-01-31 00492404 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 00492404 d:FurnitureFittings 2023-02-01 2024-01-31 00492404 d:FurnitureFittings 2024-01-31 00492404 d:FurnitureFittings 2023-01-31 00492404 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 00492404 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 00492404 d:CurrentFinancialInstruments 2024-01-31 00492404 d:CurrentFinancialInstruments 2023-01-31 00492404 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 00492404 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 00492404 d:ShareCapital 2024-01-31 00492404 d:ShareCapital 2023-01-31 00492404 d:RetainedEarningsAccumulatedLosses 2024-01-31 00492404 d:RetainedEarningsAccumulatedLosses 2023-01-31 00492404 c:FRS102 2023-02-01 2024-01-31 00492404 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 00492404 c:FullAccounts 2023-02-01 2024-01-31 00492404 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 00492404 2 2023-02-01 2024-01-31 00492404 d:TaxLossesCarry-forwardsDeferredTax 2024-01-31 00492404 d:TaxLossesCarry-forwardsDeferredTax 2023-01-31 00492404 d:RetirementBenefitObligationsDeferredTax 2024-01-31 00492404 d:RetirementBenefitObligationsDeferredTax 2023-01-31 00492404 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 00492404










A. & M. Barley Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 January 2024

 
A. & M. Barley Limited
 
  
Chartered accountants' report to the director on the preparation of the unaudited statutory financial statements of A. & M. Barley Limited for the year ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A. & M. Barley Limited for the year ended 31 January 2024 which comprise the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of A. & M. Barley Limited in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of A. & M. Barley Limited  and state those matters that we have agreed to state to the director of A. & M. Barley Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A. & M. Barley Limited and its director for our work or for this report. 

It is your duty to ensure that A. & M. Barley Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A. & M. Barley Limited. You consider that A. & M. Barley Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of A. & M. Barley Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
10 April 2024
Page 1

 
A. & M. Barley Limited
Registered number: 00492404

Balance sheet
As at 31 January 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,639
9,300

  
7,639
9,300

Current assets
  

Stocks
  
82,464
82,976

Debtors: amounts falling due within one year
 5 
10,096
7,106

Cash at bank and in hand
  
63,449
75,829

  
156,009
165,911

Creditors: amounts falling due within one year
 6 
(29,651)
(28,921)

Net current assets
  
 
 
126,358
 
 
136,990

Total assets less current liabilities
  
133,997
146,290

  

Net assets
  
133,997
146,290


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
132,997
145,290

  
133,997
146,290


Page 2

 
A. & M. Barley Limited
Registered number: 00492404

Balance sheet (continued)
As at 31 January 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
J I Barley
Director
Date: 10 April 2024

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
A. & M. Barley Limited
 

 
Notes to the financial statements
For the year ended 31 January 2024

1.


General information

A & M Barley Limited is a private company limited by share capital incorporated in England and Wales, with the registered number 00492404.
The address of its registered office is 161 Middleton Road, Middleton-On-Sea, Bognor Regis, West Sussex PO22 6DE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Government grants

Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
A. & M. Barley Limited
 

 
Notes to the financial statements
For the year ended 31 January 2024

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
A. & M. Barley Limited
 

 
Notes to the financial statements
For the year ended 31 January 2024

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and reducing balance basis.

The estimated useful lives range as follows:

Short-term leasehold property
-
10
years straight line
Motor vehicles
-
25
% reducing balance
Fixtures and fittings
-
20
% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
A. & M. Barley Limited
 

 
Notes to the financial statements
For the year ended 31 January 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.14

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 6).


4.


Tangible fixed assets





Short-term leasehold property
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost 


At 1 February 2023
63,484
15,495
26,081
105,060



At 31 January 2024

63,484
15,495
26,081
105,060



Depreciation


At 1 February 2023
60,589
13,902
21,269
95,760


Charge for the year on owned assets
302
398
961
1,661



At 31 January 2024

60,891
14,300
22,230
97,421



Net book value



At 31 January 2024
2,593
1,195
3,851
7,639



At 31 January 2023
2,895
1,593
4,812
9,300

Page 7

 
A. & M. Barley Limited
 

 
Notes to the financial statements
For the year ended 31 January 2024

5.


Debtors

2024
2023
£
£


Trade debtors
2,492
2,994

Other debtors
91
92

Prepayments and accrued income
1,744
2,348

Deferred taxation
5,769
1,672

10,096
7,106



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
24,482
21,200

Other taxation and social security
2,694
4,814

Accruals and deferred income
2,475
2,907

29,651
28,921



7.


Deferred taxation




2024


£






At beginning of year
1,672


Charged to profit or loss
4,097



At end of year
5,769

The deferred tax asset is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(1,373)
(1,788)

Losses and other deductions
7,142
3,460

5,769
1,672

Page 8

 
A. & M. Barley Limited
 

 
Notes to the financial statements
For the year ended 31 January 2024

8.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,913 (2023 - £1,863). No contributions were payable to the fund at the balance sheet date.


Page 9