IRIS Accounts Production v24.1.0.578 00472359 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh004723592023-03-31004723592024-03-31004723592023-04-012024-03-31004723592022-03-31004723592022-04-012023-03-31004723592023-03-3100472359ns15:EnglandWales2023-04-012024-03-3100472359ns14:PoundSterling2023-04-012024-03-3100472359ns10:Director12023-04-012024-03-3100472359ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3100472359ns10:SmallEntities2023-04-012024-03-3100472359ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3100472359ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3100472359ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3100472359ns10:FullAccounts2023-04-012024-03-3100472359ns10:Director22023-04-012024-03-3100472359ns10:CompanySecretary12023-04-012024-03-3100472359ns10:RegisteredOffice2023-04-012024-03-3100472359ns5:CurrentFinancialInstruments2024-03-3100472359ns5:CurrentFinancialInstruments2023-03-3100472359ns5:Non-currentFinancialInstruments2024-03-3100472359ns5:Non-currentFinancialInstruments2023-03-3100472359ns5:ShareCapital2024-03-3100472359ns5:ShareCapital2023-03-3100472359ns5:RetainedEarningsAccumulatedLosses2024-03-3100472359ns5:RetainedEarningsAccumulatedLosses2023-03-3100472359ns5:LandBuildings2023-03-3100472359ns5:PlantMachinery2023-03-3100472359ns5:MotorVehicles2023-03-3100472359ns5:LandBuildings2023-04-012024-03-3100472359ns5:PlantMachinery2023-04-012024-03-3100472359ns5:MotorVehicles2023-04-012024-03-3100472359ns5:LandBuildings2024-03-3100472359ns5:PlantMachinery2024-03-3100472359ns5:MotorVehicles2024-03-3100472359ns5:LandBuildings2023-03-3100472359ns5:PlantMachinery2023-03-3100472359ns5:MotorVehicles2023-03-3100472359ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3100472359ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 00472359 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

W.S.BARRETT & SON LIMITED

W.S.BARRETT & SON LIMITED (Registered number: 00472359)






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


W.S.BARRETT & SON LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs C Bramwell-Royal
Miss O Bramwell-Royal





SECRETARY:





REGISTERED OFFICE: Riverside Industrial Estate
Marsh Lane
Boston
Lincolnshire
PE21 7PJ





REGISTERED NUMBER: 00472359 (England and Wales)





ACCOUNTANTS: Darron Abbott
135 London Road
Boston
Lincolnshire
PE21 7EZ

W.S.BARRETT & SON LIMITED (Registered number: 00472359)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 477,714 451,580

CURRENT ASSETS
Stocks 345,000 347,970
Debtors 5 122,120 134,682
Cash at bank and in hand 12,253 1,793
479,373 484,445
CREDITORS
Amounts falling due within one year 6 441,431 430,857
NET CURRENT ASSETS 37,942 53,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

515,656

505,168

CREDITORS
Amounts falling due after more than one
year

7

116,932

133,163
NET ASSETS 398,724 372,005

CAPITAL AND RESERVES
Called up share capital 4,500 4,500
Retained earnings 394,224 367,505
398,724 372,005

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.

W.S.BARRETT & SON LIMITED (Registered number: 00472359)

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 22 October 2024 and were signed on its behalf by:





Mrs C Bramwell-Royal - Director


W.S.BARRETT & SON LIMITED (Registered number: 00472359)

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

1. STATUTORY INFORMATION

W.S.BARRETT & SON 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

W.S.BARRETT & SON LIMITED (Registered number: 00472359)

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 433,239 315,676 8,000 756,915
Additions - 25,722 11,500 37,222
At 31 March 2024 433,239 341,398 19,500 794,137
DEPRECIATION
At 1 April 2023 - 299,979 5,356 305,335
Charge for year - 6,213 4,875 11,088
At 31 March 2024 - 306,192 10,231 316,423
NET BOOK VALUE
At 31 March 2024 433,239 35,206 9,269 477,714
At 31 March 2023 433,239 15,697 2,644 451,580

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 110,096 119,704
Other debtors 12,024 14,978
122,120 134,682

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 62,066 95,502
Trade creditors 135,158 74,530
Taxation and social security 42,642 55,550
Other creditors 201,565 205,275
441,431 430,857

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 116,932 133,163