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REGISTERED NUMBER: 06234602 (England and Wales)













Financial Statements

for the Year Ended 31 March 2024

for

Barber Healthcare Limited

Barber Healthcare Limited (Registered number: 06234602)






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


Barber Healthcare Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S L Wallace
E C Barber
J C Barber
M Barber
C Barber





REGISTERED OFFICE: Unit 9
Trident Business Centre
Startforth Road
Middlesbrough
Cleveland
TS2 1PY





REGISTERED NUMBER: 06234602 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Barber Healthcare Limited (Registered number: 06234602)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 5,000
Tangible assets 5 16,233 36,826
21,233 41,826

CURRENT ASSETS
Stocks 6 240,202 353,901
Debtors 7 241,565 206,370
Cash at bank and in hand 247,820 468,018
729,587 1,028,289
CREDITORS
Amounts falling due within one year 8 131,004 119,530
NET CURRENT ASSETS 598,583 908,759
TOTAL ASSETS LESS CURRENT
LIABILITIES

619,816

950,585

CREDITORS
Amounts falling due after more than one
year

9

(119,215

)

(164,208

)

PROVISIONS FOR LIABILITIES 11 - (3,044 )
NET ASSETS 500,601 783,333

CAPITAL AND RESERVES
Called up share capital 12 2,400 2,400
Retained earnings 498,201 780,933
SHAREHOLDERS' FUNDS 500,601 783,333

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.

Barber Healthcare Limited (Registered number: 06234602)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





J C Barber - Director


Barber Healthcare Limited (Registered number: 06234602)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Barber Healthcare 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition:

Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are not being amortised as directors believe the market value to be at least equal to the original cost.

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 - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets are held at cost less accumulated depreciation.

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

Barber Healthcare Limited (Registered number: 06234602)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Foreign currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

Barber Healthcare Limited (Registered number: 06234602)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 April 2023
and 31 March 2024 5,000
NET BOOK VALUE
At 31 March 2024 5,000
At 31 March 2023 5,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 33,339 122,453 25,217 181,009
DEPRECIATION
At 1 April 2023 21,071 100,420 22,692 144,183
Charge for year 4,301 15,158 1,134 20,593
At 31 March 2024 25,372 115,578 23,826 164,776
NET BOOK VALUE
At 31 March 2024 7,967 6,875 1,391 16,233
At 31 March 2023 12,268 22,033 2,525 36,826

6. STOCKS
2024 2023
£    £   
Stocks 240,202 353,901

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 147,630 130,534
Amounts owed by group undertakings 636 -
Other debtors - 313
Supplier payments in advance 74,011 55,934
Prepayments and accrued income 19,288 19,589
241,565 206,370

Barber Healthcare Limited (Registered number: 06234602)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,483 37,483
Trade creditors 18,235 20,586
Taxation and social security 55,559 45,483
Other creditors - 682
Directors' current accounts 12,861 12,601
Accruals and deferred income 6,866 2,695
131,004 119,530

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 44,993 44,993
Bank loans - 2-5 years 74,222 119,215
119,215 164,208

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 48,138 46,736
Between one and five years 134,044 165,979
182,182 212,715

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax - 3,044

Deferred
tax
£   
Balance at 1 April 2023 3,044
Accelerated capital allowances (3,044 )
Balance at 31 March 2024 -

Barber Healthcare Limited (Registered number: 06234602)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,342 Ordinary £1 2,342 2,342
10 B Ordinary £1 10 10
48 C Ordinary £1 48 48
2,400 2,400

13. RELATED PARTY DISCLOSURES

2024 2023
£ £

Amounts due to directors 12,861 12,601

No interest has been charged.

14. ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Yorebridge Holdings Limited, who's registered office is Unit 9 Trident Business Centre, Starforth Road, Middlesbrough, Cleveland, TS2 1PY.