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REGISTERED NUMBER: 06335839 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Barr Group Ltd

Barr Group Ltd (Registered number: 06335839)






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


Barr Group Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S J Barr
D T Noonan
C J Noonan
A Mullins





SECRETARY: R Barr





REGISTERED OFFICE: Unit 10
Field Farm
North Weston
Thame
Oxfordshire
OX9 2HQ





REGISTERED NUMBER: 06335839 (England and Wales)





ACCOUNTANTS: Webb Teasdale Accountancy Ltd
Boston House
Grove Business Park
Downsview Road
Wantage
Oxfordshire
OX12 9FF

Barr Group Ltd (Registered number: 06335839)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 241,678 282,367
Investment property 6 346,092 346,092
587,770 628,459

CURRENT ASSETS
Stocks 2,075,415 1,529,931
Debtors 7 2,527,735 1,650,955
Cash at bank and in hand 666,472 434,189
5,269,622 3,615,075
CREDITORS
Amounts falling due within one year 8 4,955,271 3,411,496
NET CURRENT ASSETS 314,351 203,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

902,121

832,038

CREDITORS
Amounts falling due after more than one
year

9

(292,006

)

(534,940

)

PROVISIONS FOR LIABILITIES (45,292 ) (40,621 )
NET ASSETS 564,823 256,477

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 564,723 256,377
SHAREHOLDERS' FUNDS 564,823 256,477

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.

Barr Group Ltd (Registered number: 06335839)

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 12 November 2024 and were signed on its behalf by:





S J Barr - Director


Barr Group Ltd (Registered number: 06335839)

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

1. STATUTORY INFORMATION

Barr Group Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their 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.


Barr Group Ltd (Registered number: 06335839)

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

2. ACCOUNTING POLICIES - continued
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 50 (2023 - 47 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 29,000
AMORTISATION
At 1 April 2023
and 31 March 2024 29,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Barr Group Ltd (Registered number: 06335839)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 151,344 30,450 8,590
Additions - 3,208 1,020
Disposals - - -
At 31 March 2024 151,344 33,658 9,610
DEPRECIATION
At 1 April 2023 64,646 19,643 6,094
Charge for year 4,335 3,505 880
Eliminated on disposal - - -
At 31 March 2024 68,981 23,148 6,974
NET BOOK VALUE
At 31 March 2024 82,363 10,510 2,636
At 31 March 2023 86,698 10,807 2,496

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 301,666 68,364 560,414
Additions - 16,235 20,463
Disposals (21,695 ) - (21,695 )
At 31 March 2024 279,971 84,599 559,182
DEPRECIATION
At 1 April 2023 155,597 32,067 278,047
Charge for year 35,593 13,139 57,452
Eliminated on disposal (17,995 ) - (17,995 )
At 31 March 2024 173,195 45,206 317,504
NET BOOK VALUE
At 31 March 2024 106,776 39,393 241,678
At 31 March 2023 146,069 36,297 282,367

Barr Group Ltd (Registered number: 06335839)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 346,092
NET BOOK VALUE
At 31 March 2024 346,092
At 31 March 2023 346,092

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,982,145 1,371,197
Other debtors 508,736 279,758
2,490,881 1,650,955

Amounts falling due after more than one year:
Other debtors 36,854 -

Aggregate amounts 2,527,735 1,650,955

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,718 96,001
Hire purchase contracts 16,869 21,158
Trade creditors 3,251,022 2,410,053
Taxation and social security 1,118,295 617,052
Other creditors 557,367 267,232
4,955,271 3,411,496

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 169,285
Hire purchase contracts 71,411 88,280
Other loans 220,595 277,375
292,006 534,940

Barr Group Ltd (Registered number: 06335839)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Directors loans are repayable on demand, and are interest free up to a limit of £10000 above which interest will be charged at the HMRC specified rate.

As at 31st March 2024 the Director's owed the Company £194372.96. £94372.96 was repaid on 30th April 2024 and tax of £33,750 has been charged under S455 CTA 2010 on the outstanding balance.

11. RELATED PARTY DISCLOSURES

The company have loan agreements in place with five other companies owned by one of its directors. The loans were interest free the total closing balance as at the 31st March 2024 was £303,475.