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REGISTERED NUMBER: 00348228 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BARTON TOWNLEY (BARROW) LIMITED

BARTON TOWNLEY (BARROW) LIMITED (REGISTERED NUMBER: 00348228)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BARTON TOWNLEY (BARROW) LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: Mr P J Helme
Mr A R Medcalfe
Mr J C Houghton
Mr C J Eccles





SECRETARY: Mrs D J Helme





REGISTERED OFFICE: James Freel Close
Barrow In Furness
Cumbria
LA14 2NW





REGISTERED NUMBER: 00348228 (England and Wales)





ACCOUNTANTS: RfM Preston Ltd
Chartered Accountants
Unit 1, Guest House Farm
Runshaw Lane
Euxton
Chorley
Lancashire
PR7 6HD

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BARTON TOWNLEY (BARROW) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Barton Townley (Barrow) Limited for the year ended 31 December 2023 which comprise the Income Statement, 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 within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Barton Townley (Barrow) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Barton Townley (Barrow) Limited and state those matters that we have agreed to state to the Board of Directors of Barton Townley (Barrow) Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Barton Townley (Barrow) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Barton Townley (Barrow) 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 profit of Barton Townley (Barrow) Limited. You consider that Barton Townley (Barrow) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Barton Townley (Barrow) 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.






RfM Preston Ltd
Chartered Accountants
Unit 1, Guest House Farm
Runshaw Lane
Euxton
Chorley
Lancashire
PR7 6HD


19 September 2024

BARTON TOWNLEY (BARROW) LIMITED (REGISTERED NUMBER: 00348228)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 102,561 33,991
Investment property 5 130,000 130,000
232,561 163,991

CURRENT ASSETS
Stocks 1,567,836 1,306,891
Debtors 6 136,336 175,579
Cash at bank and in hand 653,292 1,095,640
2,357,464 2,578,110
CREDITORS
Amounts falling due within one year 7 806,864 827,424
NET CURRENT ASSETS 1,550,600 1,750,686
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,783,161

1,914,677

PROVISIONS FOR LIABILITIES 1,387 1,387
NET ASSETS 1,781,774 1,913,290

CAPITAL AND RESERVES
Called up share capital 8 2,300 2,300
Retained earnings 9 1,779,474 1,910,990
SHAREHOLDERS' FUNDS 1,781,774 1,913,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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 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.

BARTON TOWNLEY (BARROW) LIMITED (REGISTERED NUMBER: 00348228)

BALANCE SHEET - continued
31 December 2023


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 19 September 2024 and were signed on its behalf by:





Mr P J Helme - Director


BARTON TOWNLEY (BARROW) LIMITED (REGISTERED NUMBER: 00348228)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Barton Townley (Barrow) 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.

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 as modified by the revaluation of certain assets.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Solar panels - 5% on cost
Improvements to property - 5% on cost
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% on reducing balance

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the Financial Reporting Standard for Smaller Entities, as follows:

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below the original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This treatment as regards the company’s investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.


BARTON TOWNLEY (BARROW) LIMITED (REGISTERED NUMBER: 00348228)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

HIRE PURCHASE AND 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 profit or loss in the period to which they relate.

EMPLOYEE BENEFIT TRUSTS
The Company has created a trust whose beneficiaries will include employees of the Company and their dependents. Assets held under this trust will be controlled by trustees who will be acting independently and entirely at their own discretion.

Where assets are held in the trust and these are considered by the Company to be in respect of services already provided by employees to the Company, the Company will account for these as assets of the trust when payment is made to the trust. The value transferred will be charged in the Company’s profit and loss account for the year to which it relates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2022 - 24 ) .

BARTON TOWNLEY (BARROW) LIMITED (REGISTERED NUMBER: 00348228)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements
Solar to Plant and
panels property machinery
£    £    £   
COST
At 1 January 2023 - 42,148 35,249
Additions 20,500 - 33,352
At 31 December 2023 20,500 42,148 68,601
DEPRECIATION
At 1 January 2023 - 13,712 34,330
Charge for year 5,336 - 2,129
At 31 December 2023 5,336 13,712 36,459
NET BOOK VALUE
At 31 December 2023 15,164 28,436 32,142
At 31 December 2022 - 28,436 919

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 101,866 - 179,263
Additions - 23,817 77,669
At 31 December 2023 101,866 23,817 256,932
DEPRECIATION
At 1 January 2023 97,230 - 145,272
Charge for year 1,386 248 9,099
At 31 December 2023 98,616 248 154,371
NET BOOK VALUE
At 31 December 2023 3,250 23,569 102,561
At 31 December 2022 4,636 - 33,991

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 130,000
NET BOOK VALUE
At 31 December 2023 130,000
At 31 December 2022 130,000

BARTON TOWNLEY (BARROW) LIMITED (REGISTERED NUMBER: 00348228)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. INVESTMENT PROPERTY - continued

The directors sought an external valuation for the year ended 31 December 2016 which was undertaken by W G Ross & Company Ltd and is reflected in the current value shown at the year end. The directors consider this value to still be a true reflection of the market value at the year end.

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2015 66,800
Valuation in 2016 (10,000 )
Cost 73,200
130,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 92,579 130,218
Other debtors 3,020 3,020
Directors' current accounts - 4,000
Prepayments and accrued income 40,737 38,341
136,336 175,579

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 576,830 642,431
Corporation tax 67,921 70,633
Social security and other taxes 12,153 8,044
VAT 63,178 31,992
Other creditors 24,433 24,433
Car Deposits 55,606 43,208
Accruals and deferred income 6,743 6,683
806,864 827,424

BARTON TOWNLEY (BARROW) LIMITED (REGISTERED NUMBER: 00348228)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
115 Ordinary A £1 115 115
65 Ordinary B £1 65 65
33 Ordinary C £1 33 33
33 Ordinary D £1 33 33
50 Ordinary E £1 50 50
44 Ordinary F £1 44 44
340 340

Allotted and issued:
Number: Class: Nominal 2023 2022
value: £    £   
1,960 Share capital 7 £1 1,960 1,960

9. RESERVES
Retained
earnings
£   

At 1 January 2023 1,910,990
Profit for the year 42,684
Dividends (174,200 )
At 31 December 2023 1,779,474

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends were paid to directors, or related parties of the directors, during the year totalling £167,700 (2022 - £159,000).

11. RELATED PARTY DISCLOSURES

Mr P J Helme has a loan balance outstanding at the year end of £nil (2022 - £4,000). No interest has been charged on this loan.

12. ULTIMATE CONTROLLING PARTY

The company was under the control of Qubic Trustees Ltd throughout the current year and from 15 November 2022. Mr P J Helme had control of the company up to the share sale. Mr P J Helme is the managing director.