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REGISTERED NUMBER: 00952478 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Barretts of Woodbridge Limited

Barretts of Woodbridge Limited (Registered number: 00952478)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Barretts of Woodbridge Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs J S Barrett
M Grist





SECRETARY: Mrs J S Barrett





REGISTERED OFFICE: 40 The Thoroughfare
Woodbridge
Suffolk
IP12 1AL





REGISTERED NUMBER: 00952478 (England and Wales)





ACCOUNTANTS: Passmore Weeks & Richardson
A Xeinadin Company
Old Estate Office, Lodge Fm
Gawdy Lane, Redenhall
Harleston
Norfolk
IP20 9NY

Barretts of Woodbridge Limited (Registered number: 00952478)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,622 19,027

CURRENT ASSETS
Stocks 222,988 236,090
Debtors 5 26,224 28,928
Cash at bank and in hand 62,878 143,967
312,090 408,985
CREDITORS
Amounts falling due within one year 6 297,837 404,412
NET CURRENT ASSETS 14,253 4,573
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,875

23,600

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 23,875 18,600
SHAREHOLDERS' FUNDS 28,875 23,600

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.

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 24 October 2024 and were signed on its behalf by:





Mrs J S Barrett - Director


Barretts of Woodbridge Limited (Registered number: 00952478)

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

1. STATUTORY INFORMATION

Barretts of Woodbridge 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.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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.

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 18 (2023 - 19 ) .

Barretts of Woodbridge Limited (Registered number: 00952478)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 46,836 55,374 27,702 33,165 163,077
DEPRECIATION
At 1 April 2023 46,836 45,307 19,343 32,564 144,050
Charge for year - 2,015 2,090 300 4,405
At 31 March 2024 46,836 47,322 21,433 32,864 148,455
NET BOOK VALUE
At 31 March 2024 - 8,052 6,269 301 14,622
At 31 March 2023 - 10,067 8,359 601 19,027

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 9,033 12,209
Other debtors 17,191 16,719
26,224 28,928

Other debtors include prepayments of £17,191 (2023: £16,719).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 261,817 379,158
Taxation and social security 29,777 18,862
Other creditors 6,243 6,392
297,837 404,412

Other creditors include accruals of £6,243 (2023: £6,392).

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year 65,056 65,056
Between one and five years 166,334 231,390
231,390 296,446