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REGISTERED NUMBER: 01609603 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2024

FOR

CHRIS BARBER LIMITED

CHRIS BARBER LIMITED (REGISTERED NUMBER: 01609603)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


CHRIS BARBER LIMITED

COMPANY INFORMATION
for the year ended 30 March 2024







DIRECTORS: C Barber
Mrs F H Barber



REGISTERED OFFICE: Berryfields Farm
Berkswell Road
Meriden
Coventry
West Midlands
CV7 7LB



REGISTERED NUMBER: 01609603 (England and Wales)



BANKERS: HSBC
99 High Street
Coleshill
Birmingham
West Midlands
B46 3AQ

CHRIS BARBER LIMITED (REGISTERED NUMBER: 01609603)

ABRIDGED BALANCE SHEET
30 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,383,609 1,303,232
Investment property 5 31,271 -
2,414,880 1,303,232

CURRENT ASSETS
Stocks 249,910 119,880
Debtors 6,687 877,583
Cash in hand 64,273 15,369
320,870 1,012,832
CREDITORS
Amounts falling due within one year 789,913 407,071
NET CURRENT (LIABILITIES)/ASSETS (469,043 ) 605,761
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,945,837

1,908,993

CREDITORS
Amounts falling due after more than one
year

6

(729,046

)

(768,544

)

PROVISIONS FOR LIABILITIES (62,130 ) (89,137 )
NET ASSETS 1,154,661 1,051,312

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,154,561 1,051,212
SHAREHOLDERS' FUNDS 1,154,661 1,051,312

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

CHRIS BARBER LIMITED (REGISTERED NUMBER: 01609603)

ABRIDGED BALANCE SHEET - continued
30 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 July 2024 and were signed on its behalf by:





C Barber - Director


CHRIS BARBER LIMITED (REGISTERED NUMBER: 01609603)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 March 2024

1. STATUTORY INFORMATION

Chris Barber 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 in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Irrigation/manure sheds and pig units - 5% on reducing balance
Plant and equipment - 15% on reducing balance
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Property improvements - not provided

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
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.

CHRIS BARBER LIMITED (REGISTERED NUMBER: 01609603)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2023 - 46 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 31 March 2023 2,532,480
Additions 1,149,659
At 30 March 2024 3,682,139
DEPRECIATION
At 31 March 2023 1,229,248
Charge for year 69,282
At 30 March 2024 1,298,530
NET BOOK VALUE
At 30 March 2024 2,383,609
At 30 March 2023 1,303,232

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 31 March 2023
and 30 March 2024 49,935
DEPRECIATION
At 31 March 2023 14,044
Charge for year 8,973
At 30 March 2024 23,017
NET BOOK VALUE
At 30 March 2024 26,918
At 30 March 2023 35,891

CHRIS BARBER LIMITED (REGISTERED NUMBER: 01609603)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 March 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 31,271
At 30 March 2024 31,271
NET BOOK VALUE
At 30 March 2024 31,271

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Bank loans - more than 5 years 366,722 426,779

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 191,995 151,345
Bank loan 741,649 787,717
Hire purchase contracts 55,833 40,500
989,477 979,562

8. PENSION COMMITMENTS

At the balance sheet date, unpaid contributions of £4,173 (2023 - £4,081) were due to the fund.