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REGISTERED NUMBER: 06838902 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BARRIE STEPHEN ASHBY LIMITED

BARRIE STEPHEN ASHBY LIMITED (REGISTERED NUMBER: 06838902)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARRIE STEPHEN ASHBY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr BS Hedley
Mr HJ Zilliken



SECRETARY: Mr HJ Zilliken



REGISTERED OFFICE: 12 King Street
Leicester
LE1 6RJ



REGISTERED NUMBER: 06838902 (England and Wales)



BANKERS: National Westminister Bank PLC
1 Granby Street
Leicester
Leicestershire
LE1 6EJ

BARRIE STEPHEN ASHBY LIMITED (REGISTERED NUMBER: 06838902)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,648 63,502

CURRENT ASSETS
Stocks 5 6,512 7,111
Debtors 6 143,622 164,364
Cash at bank 5,672 2,670
155,806 174,145
CREDITORS
Amounts falling due within one year 7 148,262 153,445
NET CURRENT ASSETS 7,544 20,700
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,192

84,202

CREDITORS
Amounts falling due after more than one year 8 (49,306 ) (67,639 )

PROVISIONS FOR LIABILITIES 10 (14,162 ) (15,876 )
NET ASSETS 724 687

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 624 587
724 687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

BARRIE STEPHEN ASHBY LIMITED (REGISTERED NUMBER: 06838902)

BALANCE SHEET - continued
31 MARCH 2024


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 21 August 2024 and were signed on its behalf by:





Mr BS Hedley - Director


BARRIE STEPHEN ASHBY LIMITED (REGISTERED NUMBER: 06838902)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Barrie Stephen Ashby 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Revenue comprises the fair value for the sale of goods and services excluding value added taxes and represents net invoice value. The company provides services and supplies products to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on the exchange of goods and completion of services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over the period of lease
Fixtures and fittings - 10% on reducing balance

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 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 balance sheet date.

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.

BARRIE STEPHEN ASHBY LIMITED (REGISTERED NUMBER: 06838902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Leasing commitments
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 the profit and loss account in the period to which they relate.

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.

Creditors
Short term trade 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 49,098 160,309 209,407
DEPRECIATION
At 1 April 2023 27,632 118,273 145,905
Charge for year 3,001 3,853 6,854
At 31 March 2024 30,633 122,126 152,759
NET BOOK VALUE
At 31 March 2024 18,465 38,183 56,648
At 31 March 2023 21,466 42,036 63,502

5. STOCKS
2024 2023
£    £   
Raw materials 6,512 7,111

BARRIE STEPHEN ASHBY LIMITED (REGISTERED NUMBER: 06838902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 131,044 148,668
Other debtors 12,578 15,696
143,622 164,364

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 23,471 18,185
Taxation and social security 45,567 49,581
Other creditors 69,224 75,679
148,262 153,445

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,667 26,667
Other creditors 32,639 40,972
49,306 67,639

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 2,192 26,300
Between one and five years - 2,192
2,192 28,492

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 14,162 15,876

BARRIE STEPHEN ASHBY LIMITED (REGISTERED NUMBER: 06838902)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 15,876
Movement in the year (1,714 )
Balance at 31 March 2024 14,162

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

There is an amount included in other debtors of £1,304 (2023: £1,304) which is due to the company from Stephen and Sottung Limited in which Mr BS Hedley is a director and shareholder.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling parent company at the balance sheet date is Barrie Stephen Holdings Limited, a private limited company incorporated and registered in England and Wales. The registered office of Barrie Stephen Holdings Limited is 12 King Street, Leicester, LE1 6RJ and copies of the financial statements are available from Companies House, Crown Way, Cardiff, VF14 3UZ.