George Barclay England Limited 12745024 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is the manufacture and retail of luxury orthopaedic dog beds. Digita Accounts Production Advanced 6.30.9574.0 true true 12745024 2023-02-01 2024-01-31 12745024 2024-01-31 12745024 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-01-31 12745024 bus:OrdinaryShareClass2 bus:CumulativeShares 2024-01-31 12745024 core:RetainedEarningsAccumulatedLosses 2024-01-31 12745024 core:ShareCapital 2024-01-31 12745024 core:CurrentFinancialInstruments 2024-01-31 12745024 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 12745024 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 12745024 core:FurnitureFittingsToolsEquipment 2024-01-31 12745024 core:MotorVehicles 2024-01-31 12745024 bus:SmallEntities 2023-02-01 2024-01-31 12745024 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 12745024 bus:FilletedAccounts 2023-02-01 2024-01-31 12745024 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 12745024 bus:RegisteredOffice 2023-02-01 2024-01-31 12745024 bus:Director1 2023-02-01 2024-01-31 12745024 bus:Director2 2023-02-01 2024-01-31 12745024 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-02-01 2024-01-31 12745024 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-02-01 2024-01-31 12745024 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 12745024 core:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 12745024 core:ShareCapital 2023-02-01 2024-01-31 12745024 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 12745024 core:MotorVehicles 2023-02-01 2024-01-31 12745024 core:OfficeEquipment 2023-02-01 2024-01-31 12745024 core:PlantMachinery 2023-02-01 2024-01-31 12745024 countries:England 2023-02-01 2024-01-31 12745024 2023-01-31 12745024 core:RetainedEarningsAccumulatedLosses 2023-01-31 12745024 core:ShareCapital 2023-01-31 12745024 core:FurnitureFittingsToolsEquipment 2023-01-31 12745024 core:MotorVehicles 2023-01-31 12745024 2022-02-01 2023-01-31 12745024 2023-01-31 12745024 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-01-31 12745024 bus:OrdinaryShareClass2 bus:CumulativeShares 2023-01-31 12745024 core:CurrentFinancialInstruments 2023-01-31 12745024 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 12745024 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 12745024 core:FurnitureFittingsToolsEquipment 2023-01-31 12745024 core:MotorVehicles 2023-01-31 12745024 bus:OrdinaryShareClass2 bus:CumulativeShares 2022-02-01 2023-01-31 12745024 core:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 12745024 core:ShareCapital 2022-02-01 2023-01-31 12745024 2022-01-31 12745024 core:RetainedEarningsAccumulatedLosses 2022-01-31 12745024 core:ShareCapital 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12745024

George Barclay England Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

George Barclay England Limited

Contents

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 8

 

George Barclay England Limited

Company Information

Directors

Mr A Bartlett

Mr C P Chambers

Registered office

Nightwood Farm
Lucewood Lane
West Grimstead
Salisbury
SP5 3RN

Accountants

Elysium
Chartered Accountants
Unit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

 

George Barclay England Limited

(Registration number: 12745024)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

27,326

26,718

Current assets

 

Stocks

5

474,931

411,417

Debtors

6

130,068

162,782

Cash at bank and in hand

 

213,141

246,801

 

818,140

821,000

Creditors: Amounts falling due within one year

7

(301,560)

(316,776)

Net current assets

 

516,580

504,224

Total assets less current liabilities

 

543,906

530,942

Creditors: Amounts falling due after more than one year

7

(56,828)

(203,522)

Net assets

 

487,078

327,420

Capital and reserves

 

Called up share capital

8

10,000

2

Retained earnings

477,078

327,418

Shareholders' funds

 

487,078

327,420

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 September 2024 and signed on its behalf by:
 

.........................................
Mr A Bartlett
Director

 

George Barclay England Limited

Statement of Changes in Equity for the Year Ended 31 January 2024

Share capital
£

Retained earnings
£

Total
£

At 1 February 2023

2

327,418

327,420

Profit for the year

-

214,658

214,658

Other comprehensive income

-

(9,998)

(9,998)

Total comprehensive income

-

204,660

204,660

Dividends

-

(55,000)

(55,000)

New share capital subscribed

9,998

-

9,998

At 31 January 2024

10,000

477,078

487,078

Share capital
£

Retained earnings
£

Total
£

At 1 February 2022

2

143,889

143,891

Profit for the year

-

238,529

238,529

Dividends

-

(55,000)

(55,000)

At 31 January 2023

2

327,418

327,420

 

George Barclay England Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Nightwood Farm
Lucewood Lane
West Grimstead
Salisbury
SP5 3RN

These financial statements were authorised for issue by the Board on 17 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

George Barclay England Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

 

George Barclay England Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2023 - 9).

 

George Barclay England Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2023

28,311

18,409

46,720

Additions

8,272

-

8,272

At 31 January 2024

36,583

18,409

54,992

Depreciation

At 1 February 2023

11,942

8,054

19,996

Charge for the year

5,081

2,589

7,670

At 31 January 2024

17,023

10,643

27,666

Carrying amount

At 31 January 2024

19,560

7,766

27,326

At 31 January 2023

16,363

10,355

26,718

5

Stocks

2024
£

2023
£

Other inventories

474,931

411,417

6

Debtors

Current

2024
£

2023
£

Trade debtors

83,585

56,279

Prepayments

16,480

76,198

Other debtors

30,003

30,305

 

130,068

162,782

7

Creditors

Creditors: amounts falling due within one year

 

George Barclay England Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

2024
£

2023
£

Due within one year

Trade creditors

26,188

54,542

Taxation and social security

107,078

94,439

Accruals and deferred income

1,890

1,997

Other creditors

166,404

165,798

301,560

316,776

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

56,828

203,522

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary 'A' of £1 each

5,000

5,000

1

1

Ordinary 'B' of £1 each

5,000

5,000

1

1

10,000

10,000

2

2

9

Dividends

Interim dividends paid

 

2024
£

2023
£

Interim dividend of £55,000 per each Ordinary 'B' share

55,000

55,000

     

10

Related party transactions

Summary of transactions with key management

One of the directors, C P Chambers, is also a director and shareholder in In-Excess (UK) Limited. During the year purchases of £31,210 (2022: £34,298) and sales of £36,537 (2022: £27,123) were made with this company. The transactions comprise general trading and were undertaken at normal commercial terms. At the year end £200,828 (2022: £347,522) was due to this entity. This balance is split between Other creditors and Other non-current financial liabilities in Note 8.