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REGISTERED NUMBER: 02487250 (England and Wales)















GEORGE BARNSDALE & SONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






GEORGE BARNSDALE & SONS LIMITED (REGISTERED NUMBER: 02487250)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


GEORGE BARNSDALE & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr D Templeman
Mr S Dixon
Mr S C Wright
Mrs H E Wright
Mr T Wright
Mr H A Darley
Mr L Kam


SECRETARY: Mr J A Walton


REGISTERED OFFICE: High Street
Donington
Spalding
Lincs
PE11 4TA


REGISTERED NUMBER: 02487250 (England and Wales)


ACCOUNTANTS: Duncan & Toplis Limited
5 Resolution Close
Endeavour Park
Boston
Lincolnshire
PE21 7TT


SOLICITORS: Chattertons
28 Wide Bargate
Boston
Lincolnshire
PE21 6RT

GEORGE BARNSDALE & SONS LIMITED (REGISTERED NUMBER: 02487250)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 694,896 759,671

CURRENT ASSETS
Stocks 653,154 758,281
Debtors 5 1,472,615 1,075,322
Cash at bank 81,047 93,773
2,206,816 1,927,376
CREDITORS
Amounts falling due within one year 6 1,623,495 1,432,323
NET CURRENT ASSETS 583,321 495,053
TOTAL ASSETS LESS CURRENT LIABILITIES 1,278,217 1,254,724

CREDITORS
Amounts falling due after more than one year 7 (87,580 ) (150,533 )

PROVISIONS FOR LIABILITIES (92,136 ) (76,649 )
NET ASSETS 1,098,501 1,027,542

CAPITAL AND RESERVES
Called up share capital 9 140,000 140,000
Retained earnings 958,501 887,542
SHAREHOLDERS' FUNDS 1,098,501 1,027,542

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 11 November 2024 and were signed on its behalf by:





Mr T Wright - Director


GEORGE BARNSDALE & SONS LIMITED (REGISTERED NUMBER: 02487250)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

George Barnsdale & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced and accrued sales of goods, excluding value added tax. Revenue is recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings - 3 - 6 years straight line
Plant and machinery - 25% on reducing balance and 15% on cost

Tangible fixed assets are measured at cost less accumulated depreciation.

Stocks
Stock is valued at the lower of cost and sales price less estimated cost to sell. Cost is determined on an average cost basis and, where applicable, includes all direct expenditure and an appropriate proportion of overheads. Work in progress is valued at cost of materials and an uplifted labour charge to cover overheads.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.


GEORGE BARNSDALE & SONS LIMITED (REGISTERED NUMBER: 02487250)

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 statement of financial position 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 the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 69 (2023 - 75 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 584,338 2,806,316 3,390,654
Additions - 66,004 66,004
At 31 March 2024 584,338 2,872,320 3,456,658
DEPRECIATION
At 1 April 2023 263,909 2,367,074 2,630,983
Charge for year 15,909 114,870 130,779
At 31 March 2024 279,818 2,481,944 2,761,762
NET BOOK VALUE
At 31 March 2024 304,520 390,376 694,896
At 31 March 2023 320,429 439,242 759,671


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,240,688 837,082
Other debtors 231,927 238,240
1,472,615 1,075,322

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 68,162 35,525
Trade creditors 607,805 657,625
Taxation and social security 267,090 163,372
Other creditors 680,438 575,801
1,623,495 1,432,323

GEORGE BARNSDALE & SONS LIMITED (REGISTERED NUMBER: 02487250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 28,190
Other creditors 87,580 122,343
87,580 150,533

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 68,162 63,715

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
140,000 Ordinary 1 140,000 140,000

10. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 128,521 -