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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
Page
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BARRY'S & BARRY'S LTD Company Information for the year ended 31 January 2024
Director
Mr Baris KAYHAN
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
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BARRY'S & BARRY'S LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
9,000 
10,500 
Tangible assets
38,133 
27,586 
47,133 
38,086 
Current assets
Inventories
20,250 
17,500 
Cash at bank and in hand
6,501 
1,824 
26,751 
19,324 
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)
Capital and reserves
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
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BARRY'S & BARRY'S LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
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
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.
Going concern
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.
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BARRY'S & BARRY'S LTD Notes to the Accounts for the year ended 31 January 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
15,000 
At 31 January 2024
15,000 
Amortisation
At 1 February 2023
4,500 
Charge for the year
1,500 
At 31 January 2024
6,000 
Net book value
At 31 January 2024
9,000 
At 31 January 2023
10,500 
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 
Depreciation
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 
Net book value
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 
VAT
4,651 
3,532 
Trade creditors
1,374 
2,085 
Taxes and social security
- 
102 
Other creditors
49,134 
27,219 
Accruals
400 
400 
65,559 
43,338 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,667 
26,667 
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BARRY'S & BARRY'S LTD Notes to the Accounts for the year ended 31 January 2024
8
Share capital
2024 
2023 
£ 
£ 
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).
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