G BARLOW AND SONS LIMITED |
Registered Number:00371173 |
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2023
G BARLOW AND SONS LIMITED
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
G BARLOW AND SONS LIMITED
Statement of Financial Position
2022
2023
Property, plant and equipment |
174,745
203,709
2
174,745
203,709
44,903
42,332
3
Trade and other receivables |
187,135
172,107
4
3,524,902
Cash and cash equivalents |
3,902,552
4,116,991
3,756,940
Trade and other payables: amounts falling due within one |
year |
(309,289)
(350,784)
5
3,447,651
3,766,207
Net current assets
Total assets less current liabilities |
3,940,952
3,651,360
3,940,952
Net assets
3,651,360
2,160
2,160
3,937,952
3,648,360
840
840
3,940,952
3,651,360
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit 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 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 proper 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 Section |
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. |
All the members have consented to the preparation of an Abridged Income Statement for the year ended 31 December 2023 in accordance with Section 444 (2A) of the Companies Act 2006. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 19 September 2024 and were signed by: |
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For the year ended 31 December 2023
G BARLOW AND SONS LIMITED
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 December 2023
G BARLOW AND SONS LIMITED
Notes to the Financial Statements
Statutory Information
G BARLOW AND SONS LIMITED is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 00371173. |
17/19 UNION STREET WEST
OLDHAM
OL8 1DQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and Buildings
0.5% per annum Straight line |
10% per annum Straight line |
Computer software
20% per annum Reducing balance |
Motor Vehicles
20% per annum Reducing balance |
Furniture and Fittings
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 31 December 2023
G BARLOW AND SONS LIMITED
Notes to the Financial Statements Continued
2. Property, plant and equipment |
809,729
4,021
31,729
704,183
69,796
-
-
(115,989)
-
(115,989)
588,194
31,729
4,021
693,740
69,796
Provision for depreciation and impairment |
606,020
4,021
31,574
562,402
8,023
Charge for year
28,564
-
31
28,184
349
(115,589)
-
-
(115,589)
-
518,995
4,021
31,605
474,997
8,372
61,424
113,197
124
-
174,745
61,773
141,781
155
-
203,709
2022
2023
42,332
44,903
4. Trade and other receivables |
2022
2023
160,661
177,371
11,446
9,764
187,135
172,107
5. Trade and other payables: amounts falling due within one year |
2022
2023
51,137
46,229
Taxation and social security |
158,598
121,078
141,049
141,982
350,784
309,289
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For the year ended 31 December 2023
G BARLOW AND SONS LIMITED
Notes to the Financial Statements Continued
6. Average number of persons employed |
During the year the average number of employees (including directors) was 13 (2022 : 13)
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