IRIS Accounts Production v24.2.0.383 02369606 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false A 1.00000 B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023696062023-03-31023696062024-03-31023696062023-04-012024-03-31023696062022-03-31023696062022-04-012023-03-31023696062023-03-3102369606ns15:EnglandWales2023-04-012024-03-3102369606ns14:PoundSterling2023-04-012024-03-3102369606ns10:Director12023-04-012024-03-3102369606ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3102369606ns10:SmallEntities2023-04-012024-03-3102369606ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3102369606ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3102369606ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3102369606ns10:FullAccounts2023-04-012024-03-3102369606ns10:OrdinaryShareClass22023-04-012024-03-3102369606ns10:OrdinaryShareClass32023-04-012024-03-3102369606ns10:Director22023-04-012024-03-3102369606ns10:CompanySecretary12023-04-012024-03-3102369606ns10:RegisteredOffice2023-04-012024-03-3102369606ns5:CurrentFinancialInstruments2024-03-3102369606ns5:CurrentFinancialInstruments2023-03-3102369606ns5:ShareCapital2024-03-3102369606ns5:ShareCapital2023-03-3102369606ns5:RevaluationReserve2024-03-3102369606ns5:RevaluationReserve2023-03-3102369606ns5:RetainedEarningsAccumulatedLosses2024-03-3102369606ns5:RetainedEarningsAccumulatedLosses2023-03-3102369606ns5:FurnitureFittings2023-04-012024-03-3102369606ns5:MotorVehicles2023-04-012024-03-3102369606ns5:ComputerEquipment2023-04-012024-03-3102369606ns5:LandBuildings2023-03-3102369606ns5:LeaseholdImprovements2023-03-3102369606ns5:FurnitureFittings2023-03-3102369606ns5:LandBuildings2023-04-012024-03-3102369606ns5:LeaseholdImprovements2023-04-012024-03-3102369606ns5:LandBuildings2024-03-3102369606ns5:LeaseholdImprovements2024-03-3102369606ns5:FurnitureFittings2024-03-3102369606ns5:LandBuildings2023-03-3102369606ns5:LeaseholdImprovements2023-03-3102369606ns5:FurnitureFittings2023-03-3102369606ns5:MotorVehicles2023-03-3102369606ns5:ComputerEquipment2023-03-3102369606ns5:MotorVehicles2024-03-3102369606ns5:ComputerEquipment2024-03-3102369606ns5:MotorVehicles2023-03-3102369606ns5:ComputerEquipment2023-03-3102369606ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3102369606ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3102369606ns10:OrdinaryShareClass22024-03-3102369606ns10:OrdinaryShareClass32024-03-3102369606ns5:RetainedEarningsAccumulatedLosses2023-03-3102369606ns5:RevaluationReserve2023-03-3102369606ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-3102369606ns10:Director222023-03-3102369606ns10:Director222022-03-3102369606ns10:Director222023-04-012024-03-3102369606ns10:Director222022-04-012023-03-3102369606ns10:Director222024-03-3102369606ns10:Director222023-03-31
REGISTERED NUMBER: 02369606 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 March 2024

for

BARLEYS WAREHOUSE LIMITED

BARLEYS WAREHOUSE LIMITED (REGISTERED NUMBER: 02369606)






Contents of the Financial Statements
for the year ended 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARLEYS WAREHOUSE LIMITED

Company Information
for the year ended 31 MARCH 2024







DIRECTORS: C M Barley
R T Barley





SECRETARY: C M Barley





REGISTERED OFFICE: Prospect House
2 Higham Road
Rushden
Northamptonshire
NN10 6DZ





REGISTERED NUMBER: 02369606 (England and Wales)





ACCOUNTANTS: Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

BARLEYS WAREHOUSE LIMITED (REGISTERED NUMBER: 02369606)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,877,901 794,927

CURRENT ASSETS
Stocks 68,318 63,257
Debtors 5 9,964 1,357,484
Cash at bank 722,951 908,299
801,233 2,329,040
CREDITORS
Amounts falling due within one year 6 189,137 205,320
NET CURRENT ASSETS 612,096 2,123,720
TOTAL ASSETS LESS CURRENT LIABILITIES 3,489,997 2,918,647

PROVISIONS FOR LIABILITIES 98,103 5,838
NET ASSETS 3,391,894 2,912,809

CAPITAL AND RESERVES
Called up share capital 7 10 10
Revaluation reserve 8 269,632 -
Retained earnings 8 3,122,252 2,912,799
SHAREHOLDERS' FUNDS 3,391,894 2,912,809

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

BARLEYS WAREHOUSE LIMITED (REGISTERED NUMBER: 02369606)

Balance Sheet - continued
31 MARCH 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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





C M Barley - Director


BARLEYS WAREHOUSE LIMITED (REGISTERED NUMBER: 02369606)

Notes to the Financial Statements
for the year ended 31 MARCH 2024

1. STATUTORY INFORMATION

Barleys Warehouse 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.

Turnover
The company`s turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year. None of the company`s turnover relates to exports (2023 -Nil).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 30% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
stock to its present location and condition.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

BARLEYS WAREHOUSE LIMITED (REGISTERED NUMBER: 02369606)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

3. EMPLOYEES

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
COST OR VALUATION
At 1 April 2023 856,480 25,489 63,665
Additions - 1,629,010 -
Disposals - - -
Revaluations 343,520 (9,499 ) -
At 31 March 2024 1,200,000 1,645,000 63,665
DEPRECIATION
At 1 April 2023 84,905 25,489 60,850
Charge for year 12,129 - 563
Eliminated on disposal - - -
Revaluation adjustments (97,034 ) (25,489 ) -
At 31 March 2024 - - 61,413
NET BOOK VALUE
At 31 March 2024 1,200,000 1,645,000 2,252
At 31 March 2023 771,575 - 2,815

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 76,003 966 1,022,603
Additions 24,974 - 1,653,984
Disposals (27,740 ) - (27,740 )
Revaluations - - 334,021
At 31 March 2024 73,237 966 2,982,868
DEPRECIATION
At 1 April 2023 55,466 966 227,676
Charge for year 3,500 - 16,192
Eliminated on disposal (16,378 ) - (16,378 )
Revaluation adjustments - - (122,523 )
At 31 March 2024 42,588 966 104,967
NET BOOK VALUE
At 31 March 2024 30,649 - 2,877,901
At 31 March 2023 20,537 - 794,927

BARLEYS WAREHOUSE LIMITED (REGISTERED NUMBER: 02369606)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Improvements Fixtures
Freehold to and
property property fittings
£    £    £   
Valuation in 2024 343,520 15,990 -
Cost 856,480 1,629,010 63,665
1,200,000 1,645,000 63,665

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2024 - - 359,510
Cost 73,237 966 2,623,358
73,237 966 2,982,868

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,485,490 881,969
Aggregate depreciation 129,614 110,394

Value of land in freehold land and buildings 2,355,876 771,575

Freehold land and buildings were valued on an open market basis on 30 March 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,585 11,825
Other debtors 3,379 1,345,659
9,964 1,357,484

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 26,980 49,902
Taxation and social security 30,111 82,723
Other creditors 132,046 72,695
189,137 205,320

BARLEYS WAREHOUSE LIMITED (REGISTERED NUMBER: 02369606)

Notes to the Financial Statements - continued
for the year ended 31 MARCH 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6 A 1 6 6
4 B 1 4 4
10 10

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 2,912,799 - 2,912,799
Profit for the year 287,698 287,698
Dividends (78,245 ) (78,245 )
Property revaluation - 269,632 269,632
At 31 March 2024 3,122,252 269,632 3,391,884

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
R T Barley
Balance outstanding at start of year 2,499 (3,627 )
Amounts advanced 22,943 28,512
Amounts repaid (29,249 ) (22,386 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,807 ) 2,499

There was no interest charged.