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REGISTERED NUMBER: 05694271 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Barrys Trading Company Limited

Barrys Trading Company Limited (Registered number: 05694271)






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


Barrys Trading Company Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P A K Barry
J Bowen





SECRETARY: O D C Barry





REGISTERED OFFICE: Village Pharmacy
8/9 Belsize Terrace
London
NW3 4AX





REGISTERED NUMBER: 05694271 (England and Wales)





ACCOUNTANTS: Bullimores LLP
Chartered Accountants
Old Printers Yard
156 South Street
Dorking
Surrey
RH4 2HF

Barrys Trading Company Limited (Registered number: 05694271)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 39,134 20,591
39,134 20,591

CURRENT ASSETS
Stocks 6 339,978 334,861
Debtors 7 138,066 106,421
Cash at bank and in hand 151,776 78,254
629,820 519,536
CREDITORS
Amounts falling due within one year 8 199,916 178,193
NET CURRENT ASSETS 429,904 341,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

469,038

361,934

CREDITORS
Amounts falling due after more than one year 9 (13,279 ) (23,212 )

PROVISIONS FOR LIABILITIES (9,784 ) (5,148 )
NET ASSETS 445,975 333,574

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 444,975 332,574
SHAREHOLDERS' FUNDS 445,975 333,574

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.

Barrys Trading Company Limited (Registered number: 05694271)

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:





P A K Barry - Director


Barrys Trading Company Limited (Registered number: 05694271)

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

1. STATUTORY INFORMATION

Barrys Trading Company 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.

The accounts have been prepared on a going concern basis.

Turnover
Turnover represents the net invoiced sales of pharmaceutical products, including income from contracts to supply these products. Supplies under contract are invoiced at the end of the month in which they are delivered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

At each reporting date, assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment the recoverable amount of any affected asset is estimated and an impairment loss is recognised immediately in the income statement.

Stocks
Stocks are valued on a first in first out basis and at the lower of their cost and net realisable value. A stocktake is conducted at the year end to identify any slow moving or damaged items and an appropriate provision is made.

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.


Barrys Trading Company Limited (Registered number: 05694271)

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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 475,000
AMORTISATION
At 1 April 2023
and 31 March 2024 475,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Barrys Trading Company Limited (Registered number: 05694271)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 38,949 26,296 65,245
Additions 9,281 22,308 31,589
At 31 March 2024 48,230 48,604 96,834
DEPRECIATION
At 1 April 2023 37,560 7,094 44,654
Charge for year 2,668 10,378 13,046
At 31 March 2024 40,228 17,472 57,700
NET BOOK VALUE
At 31 March 2024 8,002 31,132 39,134
At 31 March 2023 1,389 19,202 20,591

6. STOCKS
31.3.24 31.3.23
£    £   
Finished goods 339,978 334,861

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 89,379 65,938
Directors' current accounts 15,194 -
VAT 14,954 18,404
Prepayments 18,539 22,079
138,066 106,421

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 139,226 109,257
Tax 46,648 21,318
Other creditors 387 289
Directors' current accounts - 33,819
Accrued expenses 3,655 3,510
199,916 178,193

Barrys Trading Company Limited (Registered number: 05694271)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 1-2 years 10,000 10,000
Bank loans 2-5 years 3,279 13,212
13,279 23,212

The Bounce Back Loan taken out in 2021 incurs interest of 2.5%.

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 56,000 56,000
Between one and five years 56,000 112,000
112,000 168,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
700 Ordinary £1 700 700
300 Ordinary B £1 300 300
1,000 1,000

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P A K Barry.

13. SECURED DEBTS

Barclays Bank PLC hold a debenture over the company in respect of the overdraft facility it has made. This available debenture is secured against all monies due, or to become due, from the company.

14. CONSIDERATION OF THE BASIS OF THE PREPARATION OF THE FINANCIAL STATEMENTS

The Directors have considered the basis of preparation in the Directors Report.