Company Registration No. 12405052 (England and Wales)
BARRY'S & BARRY'S LTD
Unaudited accounts
for the year ended 31 January 2024
BARRY'S & BARRY'S LTD
Unaudited accounts
Contents
BARRY'S & BARRY'S LTD
Company Information
for the year ended 31 January 2024
Company Number
12405052 (England and Wales)
Registered Office
595-597 Green Lanes
London
N8 0RE
England
Accountants
DNG Associates
214 Baker Street
Enfield
London
EN1 3JT
BARRY'S & BARRY'S LTD
Statement of financial position
as at 31 January 2024
Intangible assets
9,000
10,500
Tangible assets
38,133
27,586
Cash at bank and in hand
6,501
1,824
Creditors: amounts falling due within one year
(65,559)
(43,338)
Net current liabilities
(38,808)
(24,014)
Total assets less current liabilities
8,325
14,072
Creditors: amounts falling due after more than one year
(16,667)
(26,667)
Net liabilities
(8,342)
(12,595)
Called up share capital
100
100
Profit and loss account
(8,442)
(12,695)
Shareholders' funds
(8,342)
(12,595)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2024 and were signed on its behalf by
Mr Baris KAYHAN
Director
Company Registration No. 12405052
BARRY'S & BARRY'S LTD
Notes to the Accounts
for the year ended 31 January 2024
BARRY'S & BARRY'S LTD is a private company, limited by shares, registered in England and Wales, registration number 12405052. The registered office is 595-597 Green Lanes, London, N8 0RE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15 years - straigt line basis
Plant & machinery
7 years - straight line basis
Fixtures & fittings
5 years - straight line basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during this uncertain period.
BARRY'S & BARRY'S LTD
Notes to the Accounts
for the year ended 31 January 2024
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
-
17,048
26,373
43,421
Additions
16,500
-
3,571
20,071
At 31 January 2024
16,500
17,048
29,944
63,492
At 1 February 2023
-
4,351
11,484
15,835
Charge for the year
1,100
2,435
5,989
9,524
At 31 January 2024
1,100
6,786
17,473
25,359
At 31 January 2024
15,400
10,262
12,471
38,133
At 31 January 2023
-
12,697
14,889
27,586
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
1,374
2,085
Taxes and social security
-
102
Other creditors
49,134
27,219
7
Creditors: amounts falling due after more than one year
2024
2023
BARRY'S & BARRY'S LTD
Notes to the Accounts
for the year ended 31 January 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Included within other creditors is an amount of £49,134 (2023: £27,219) due to the director of the company. There are no terms as to interest or repayment in respect of this balance.
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).