PTP Accounts Production v24.2.0.383 01210880 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012108802023-06-30012108802024-06-30012108802023-07-012024-06-30012108802022-06-30012108802022-07-012023-06-30012108802023-06-3001210880ns15:EnglandWales2023-07-012024-06-3001210880ns14:PoundSterling2023-07-012024-06-3001210880ns10:Director12023-07-012024-06-3001210880ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3001210880ns10:SmallEntities2023-07-012024-06-3001210880ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3001210880ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3001210880ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3001210880ns10:FullAccounts2023-07-012024-06-3001210880ns10:CompanySecretary12023-07-012024-06-3001210880ns10:RegisteredOffice2023-07-012024-06-3001210880ns5:CurrentFinancialInstruments2024-06-3001210880ns5:CurrentFinancialInstruments2023-06-3001210880ns5:ShareCapital2024-06-3001210880ns5:ShareCapital2023-06-3001210880ns5:SharePremium2024-06-3001210880ns5:SharePremium2023-06-3001210880ns5:FurtherSpecificReserve1ComponentTotalEquity2024-06-3001210880ns5:FurtherSpecificReserve1ComponentTotalEquity2023-06-3001210880ns5:RetainedEarningsAccumulatedLosses2024-06-3001210880ns5:RetainedEarningsAccumulatedLosses2023-06-3001210880ns5:PlantMachinery2023-06-3001210880ns5:PlantMachinery2023-07-012024-06-3001210880ns5:PlantMachinery2024-06-3001210880ns5:PlantMachinery2023-06-3001210880ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3001210880ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 01210880 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Colin Narbeth & Son Limited

Colin Narbeth & Son Limited (Registered number: 01210880)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Colin Narbeth & Son Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: S Narbeth





SECRETARY: Mrs V Gibson





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 01210880 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Colin Narbeth & Son Limited (Registered number: 01210880)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,235 4,730

CURRENT ASSETS
Stocks 332,822 280,375
Debtors 5 10,864 8,265
Cash at bank and in hand 133,492 175,520
477,178 464,160
CREDITORS
Amounts falling due within one year 6 20,134 31,332
NET CURRENT ASSETS 457,044 432,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

460,279

437,558

CAPITAL AND RESERVES
Called up share capital 118 118
Share premium 9,256 9,256
Share Redemption Account 86 86
Retained earnings 450,819 428,098
SHAREHOLDERS' FUNDS 460,279 437,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Colin Narbeth & Son Limited (Registered number: 01210880)

Balance Sheet - continued
30 June 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 director and authorised for issue on 19 September 2024 and were signed by:





S Narbeth - Director


Colin Narbeth & Son Limited (Registered number: 01210880)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Colin Narbeth & Son Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 6 High Street, Wheathampstead, Herts, AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on a straight line basis.

Stocks
Stocks are stated at the lower of cost and estimated selling price (net realisable value). Costs are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.


Colin Narbeth & Son Limited (Registered number: 01210880)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Foreign currencies
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

Pensions
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

Dividends
Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Colin Narbeth & Son Limited (Registered number: 01210880)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 29,642
DEPRECIATION
At 1 July 2023 24,912
Charge for year 1,495
At 30 June 2024 26,407
NET BOOK VALUE
At 30 June 2024 3,235
At 30 June 2023 4,730

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 4,935 2,167
Prepayments 5,929 6,098
10,864 8,265

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 1,023 3,069
Tax 5,828 14,409
Social security and other taxes 7,260 8,475
Accruals and deferred income 6,023 5,379
20,134 31,332

7. PENSION COMMITMENTS

The company operates a defined contribution pension scheme, for the Directors and certain employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £297 (2023 - £286) were due to the fund.

8. LEASE COMMITMENTS

As at 30th June 2024 the company had total commitments under non cancellable operating leases over the remaining life of £20,460 (2023 : £40,920).