IRIS Accounts Production v24.3.2.46 00532272 Board of Directors 1.5.23 30.4.24 30.4.24 milk and general haulage. true false true true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005322722023-04-30005322722024-04-30005322722023-05-012024-04-30005322722022-04-30005322722022-05-012023-04-30005322722023-04-3000532272ns15:EnglandWales2023-05-012024-04-3000532272ns14:PoundSterling2023-05-012024-04-3000532272ns10:Director12023-05-012024-04-3000532272ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3000532272ns10:FRS1022023-05-012024-04-3000532272ns10:Audited2023-05-012024-04-3000532272ns10:LargeCompaniesRegimeForDirectorsReport2023-05-012024-04-3000532272ns10:LargeCompaniesRegimeForAccounts2023-05-012024-04-3000532272ns10:FullAccounts2023-05-012024-04-3000532272ns10:OrdinaryShareClass12023-05-012024-04-3000532272ns10:Director22023-05-012024-04-3000532272ns10:Director42023-05-012024-04-3000532272ns10:Director62023-05-012024-04-3000532272ns10:Director72023-05-012024-04-3000532272ns10:CompanySecretary12023-05-012024-04-3000532272ns10:RegisteredOffice2023-05-012024-04-3000532272ns10:Director32023-05-012024-04-3000532272ns10:Director52023-05-012024-04-3000532272ns5:RetainedEarningsAccumulatedLosses2023-04-3000532272ns5:RetainedEarningsAccumulatedLosses2022-04-3000532272ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-3000532272ns5:RetainedEarningsAccumulatedLosses2022-05-012023-04-3000532272ns5:RetainedEarningsAccumulatedLosses2024-04-3000532272ns5:RetainedEarningsAccumulatedLosses2023-04-3000532272ns5:CurrentFinancialInstruments2024-04-3000532272ns5:CurrentFinancialInstruments2023-04-3000532272ns5:Non-currentFinancialInstruments2024-04-3000532272ns5:Non-currentFinancialInstruments2023-04-3000532272ns5:ShareCapital2024-04-3000532272ns5:ShareCapital2023-04-3000532272ns5:CapitalRedemptionReserve2024-04-3000532272ns5:CapitalRedemptionReserve2023-04-3000532272ns5:PlantMachinery2023-05-012024-04-3000532272ns5:FurnitureFittings2023-05-012024-04-3000532272ns5:MotorVehicles2023-05-012024-04-3000532272ns5:ComputerEquipment2023-05-012024-04-3000532272ns10:HighestPaidDirector2023-05-012024-04-3000532272ns10:HighestPaidDirector2022-05-012023-04-3000532272ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2023-05-012024-04-3000532272ns5:PlantEquipmentOtherAssetsUnderOperatingLeases2022-05-012023-04-3000532272ns5:OwnedAssets2023-05-012024-04-3000532272ns5:OwnedAssets2022-05-012023-04-3000532272ns5:LeasedAssets2023-05-012024-04-3000532272ns5:LeasedAssets2022-05-012023-04-300053227212023-05-012024-04-300053227212022-05-012023-04-3000532272ns5:HirePurchaseContracts2023-05-012024-04-3000532272ns5:HirePurchaseContracts2022-05-012023-04-3000532272ns10:OrdinaryShareClass12022-05-012023-04-3000532272ns5:LandBuildingsns5:ShortLeaseholdAssets2023-04-3000532272ns5:PlantMachinery2023-04-3000532272ns5:FurnitureFittings2023-04-3000532272ns5:LandBuildingsns5:ShortLeaseholdAssets2023-05-012024-04-3000532272ns5:LandBuildingsns5:ShortLeaseholdAssets2024-04-3000532272ns5:PlantMachinery2024-04-3000532272ns5:FurnitureFittings2024-04-3000532272ns5:LandBuildingsns5:ShortLeaseholdAssets2023-04-3000532272ns5:PlantMachinery2023-04-3000532272ns5:FurnitureFittings2023-04-3000532272ns5:MotorVehicles2023-04-3000532272ns5:ComputerEquipment2023-04-3000532272ns5:MotorVehicles2024-04-3000532272ns5:ComputerEquipment2024-04-3000532272ns5:MotorVehicles2023-04-3000532272ns5:ComputerEquipment2023-04-3000532272ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-3000532272ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3000532272ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-04-3000532272ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-3000532272ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3000532272ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3000532272ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-04-3000532272ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-04-3000532272ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-04-3000532272ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-04-3000532272ns5:HirePurchaseContracts2024-04-3000532272ns5:HirePurchaseContracts2023-04-3000532272ns5:WithinOneYear2024-04-3000532272ns5:WithinOneYear2023-04-3000532272ns5:BetweenOneFiveYears2024-04-3000532272ns5:BetweenOneFiveYears2023-04-3000532272ns5:AllPeriods2024-04-3000532272ns5:AllPeriods2023-04-3000532272ns5:DeferredTaxation2023-04-3000532272ns5:DeferredTaxation2023-05-012024-04-3000532272ns5:DeferredTaxation2024-04-3000532272ns10:OrdinaryShareClass12024-04-3000532272ns5:CapitalRedemptionReserve2023-04-30
REGISTERED NUMBER: 00532272 (England and Wales)












S.J.BARGH LIMITED

STRATEGIC REPORT, DIRECTORS' REPORT AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Strategic Report 2

Directors' Report 4

Independent Auditors' Report 6

Statement of Income and Retained Earnings 9

Balance Sheet 10

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 13


S.J.BARGH LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







Directors: Mrs R M Towers
Mrs R K Thomas
Mr T J Lloyd
Mr M D Hestford
Mr M J Sidley



Secretary: Mr M D Hestford



Registered office: Head Office
Caton Road
LANCASTER
LA1 3PE



Registered number: 00532272 (England and Wales)



Auditors: Xeinadin Audit Limited
2 Hilliards Court
Chester Business Park
CHESTER
CH4 9QP



Bankers: Barclays Bank Plc
LEICESTER
LE87 2BB



Accountants: Xeinadin
Dalton House
9 Dalton Square
LANCASTER
LA1 1WD

S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024


The directors present their strategic report for the year ended 30 April 2024.

Review of business
Our review is consistent with the size and nature of our business and is written in the context of the risks and uncertainties we face.

The company supplied its services to the milk and pallet sector during the year, with complimentary services in driver training and mechanical parts and servicing.

The logistics sector continues to navigate increased staffing costs and fuel price volatility.

Milk market conditions continue to be challenging, which can lead to additional costs which are not recoverable.

Our ability to manage our vehicle maintenance internally is reliant on recruiting and retaining qualified technicians. To support this we operate an apprenticeship scheme in the garage, which has proven to be a great success.

Warehouse revenues remain healthy with long-term multi-tenancies.

The management team continues to focus on efficiencies, specifically the ongoing rationalisation of out based sites, farm collection route planning, investment in larger vehicles, and through the adoption of technology.

We consider that our key financial performance indicators are those that communicate the financial performance and strength of the company, these being gross profit and operating profits.

Operating profit was £614,094 (2023: £547,321). Reported profit before tax was £406,148 (2023: £445,780). The Directors overall were satisfied with the Company's financial performance given challenging trading conditions for which increases in the cost base continue to be an area of concern.

Principal risks and uncertainties
As for many businesses in our sector, the business environment in which we operate has become very challenging. Consequently with these challenges and uncertainties in mind we are aware that any plans for future development of our business may be subject to unforeseen future events outside our control.


S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 APRIL 2024

Section 172(1) statement
Directors' statement of compliance with duty to promote the success of the Company

Under S.172 of the Companies Act 2006 directors of UK companies have a duty to promote the success of their for company for the benefit of the members as a whole and, in doing so, have regard to:

a. the likely consequences of any decision in the long term;
b. the interests of the company's employees;
c. the need to foster the company's business relationships with suppliers, customers and others;
d. the impact of the company's operations on the community and the environment;
e. the desirability of the company maintaining a reputation for high standards of business conduct; and
f. the need to act fairly between members of the Group and it's subsidiaries.

The Company is well-established and prides itself on being a long serving logistics provider in the milk, pallet and general haulage sector. It has over many years built up an admirable reputation for its quality of service and positive attitude. The biggest asset of the Company is its workforce who are dedicated and highly trained, the Company continues to innovate and grow based on its strong heritage and financial strength. The directors consider the following areas to be of key importance in its fulfilment of this duty:

- carrying out detailed planning and forecasting to ensure the ongoing financial safety and continued growth of the business;
- investing in our employees by providing high quality training and continued development and support;
- maintaining the highest standards of integrity and honesty in the company's dealings with employees, customers, suppliers, the general public and local and national government;
- prioritising the maintenance of the highest standards of health and safety and environmental protection through investment in training, equipment and staff awareness;
- working with the local community and listening to their views and feedback and investing in projects to help support local good causes; and
- identifying new and innovative solutions to reducing the impact of our business on the environment
by reducing our carbon consumption, water usage and waste production; and
- investing in new technology and practices to improve efficiencies in collaboration with our customers and suppliers.

On behalf of the board:





Mrs R K Thomas - Director


12 December 2024

S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2024


The directors present their report with the financial statements of the company for the year ended 30 April 2024.

Dividends
The total distribution of dividends (to Parent company) for the year ended 30 April 2024 was £nil (2023 - £400,000). The directors recommend that no final dividend be paid on any class of shares.

Directors
The directors shown below have held office during the whole of the period from 1 May 2023 to the date of this report.

Mrs R M Towers
Mrs R K Thomas
Mr T J Lloyd

Other changes in directors holding office are as follows:

Mr M D Hestford and Mr M J Sidley were appointed as directors after 30 April 2024 but prior to the date of this report.

Mrs T M Park and Mr G N Richardson ceased to be directors after 30 April 2024 but prior to the date of this report.

Employment of disabled persons
The company gives full consideration to applications for employment from disabled persons where the requirements of the job can be adequately fulfilled by a handicapped or disabled person. Where existing employees become disabled, it is the company's policy wherever practicable to provide continuing employment under normal terms and conditions and to provide training and career development and promotion to disabled employees wherever appropriate.

Employee involvement
During the year, the policy of providing employees with information about the company has been continued through internal media methods in which employees have also been encouraged to present their suggestions and views on the company performance. Meetings are held between local management and employees to allow a free flow of information and ideas.

Engagement with suppliers, customers and others
Maintaining relations with our customers is paramount to the successful running of the business with regular engagement playing a key part of our commercial strategy.

The business has a long-standing supplier base and honours good service through maintaining excellent payment practises.

Statement of directors' responsibilities
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

DIRECTORS' REPORT
FOR THE YEAR ENDED 30 APRIL 2024

Statement of directors' responsibilities - continued
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement as to disclosure of information to auditors
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Auditors
The auditors, Xeinadin Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

On behalf of the board:





Mrs R K Thomas - Director


12 December 2024

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
S.J.BARGH LIMITED


Opinion
We have audited the financial statements of S.J.Bargh Limited (the 'company') for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 April 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Directors' Report, but does not include the financial statements and our Auditors' Report thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
S.J.BARGH LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on pages four and five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

· enquiries are made of management and those charged with governance as to whether there is any knowledge of actual, suspected, or alleged fraud, whether there is any known non-compliance with laws or regulations, and whether the company has been subject to any litigation or any legal claims.
· minutes of meetings of management and those charged with governance are reviewed.
· audit work over the risk of management override of controls is undertaken. This includes testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
· analytical reviews are performed on the financial statements at all stages of the audit by comparison to prior years, budgets and expectations to ensure the reasonableness of the figures therein.
· third party confirmation is obtained from the company's bankers to confirm bank balances, loan facilities and security held.
· detailed audit testing is undertaken in specific areas to ensure that income and expenditure is correctly recorded and is a genuine income or expense of the company.
· financial statement disclosures are reviewed and tested to supporting documentation to assess compliance with applicable laws and regulations.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF
S.J.BARGH LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Stuart Hinnigan FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited
2 Hilliards Court
Chester Business Park
CHESTER
CH4 9QP

8 January 2025

S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   

Turnover 40,709,184 41,276,296

Cost of sales 32,722,368 34,564,428
Gross profit 7,986,816 6,711,868

Administrative expenses 7,436,324 6,257,356
550,492 454,512

Other operating income 63,602 92,809
Operating profit 4 614,094 547,321

Interest receivable and similar income 20,434 8,176
634,528 555,497

Interest payable and similar expenses 6 228,380 109,717
Profit before taxation 406,148 445,780

Tax on profit 7 257,661 94,352
Profit for the financial year 148,487 351,428

Retained earnings at beginning of year 10,340,046 10,388,621

Dividends 8 - (400,003 )

Retained earnings at end of year 10,488,533 10,340,046

S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 9 11,332,148 9,636,792

Current assets
Stocks 10 633,014 654,957
Debtors 11 7,831,786 6,612,210
Cash at bank and in hand 871,950 1,078,482
9,336,750 8,345,649
Creditors
Amounts falling due within one year 12 7,507,555 5,273,446
Net current assets 1,829,195 3,072,203
Total assets less current liabilities 13,161,343 12,708,995

Creditors
Amounts falling due after more than one
year

13

(2,085,261

)

(2,039,061

)

Provisions for liabilities 15 (584,979 ) (327,318 )
Net assets 10,491,103 10,342,616

Capital and reserves
Called up share capital 16 2,538 2,538
Capital redemption reserve 17 32 32
Retained earnings 17 10,488,533 10,340,046
Shareholders' funds 10,491,103 10,342,616

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2024 and were signed on its behalf by:





Mrs R K Thomas - Director


S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,107,693 2,858,846
Interest paid (83 ) (235 )
Interest element of hire purchase payments
paid

(228,297

)

(109,482

)
Tax paid 48,004 11,071
Net cash from operating activities 1,927,317 2,760,200

Cash flows from investing activities
Purchase of tangible fixed assets (1,321,229 ) (1,246,022 )
Sale of tangible fixed assets 380,220 265,033
Interest received 20,434 8,176
Net cash from investing activities (920,575 ) (972,813 )

Cash flows from financing activities
Other borrowings 987,263 13
Capital repayments in year (2,200,537 ) (1,242,418 )
Equity dividends paid - (400,003 )
Net cash from financing activities (1,213,274 ) (1,642,408 )

(Decrease)/increase in cash and cash equivalents (206,532 ) 144,979
Cash and cash equivalents at beginning of
year

2

1,078,482

933,503

Cash and cash equivalents at end of year 2 871,950 1,078,482

S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024


1. Reconciliation of profit before taxation to cash generated from operations

2024 2023
£    £   
Profit before taxation 406,148 445,780
Depreciation charges 2,428,904 1,799,190
Profit on disposal of fixed assets (101,237 ) (87,634 )
Finance costs 228,380 109,717
Finance income (20,434 ) (8,176 )
2,941,761 2,258,877
Decrease/(increase) in stocks 21,943 (36,767 )
(Increase)/decrease in trade and other debtors (1,267,580 ) 747,314
Increase/(decrease) in trade and other creditors 411,569 (110,578 )
Cash generated from operations 2,107,693 2,858,846

2. Cash and cash equivalents

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 April 2024
30/4/24 1/5/23
£    £   
Cash and cash equivalents 871,950 1,078,482
Year ended 30 April 2023
30/4/23 1/5/22
£    £   
Cash and cash equivalents 1,078,482 933,503


3. Analysis of changes in net debt

Other
non-cash
At 1/5/23 Cash flow changes At 30/4/24
£    £    £    £   
Net cash
Cash at bank
and in hand 1,078,482 (206,532 ) 871,950
1,078,482 (206,532 ) 871,950
Debt
Finance leases (3,748,731 ) 2,200,537 - (4,630,208 )
(3,748,731 ) 2,200,537 - (4,630,208 )
Total (2,670,249 ) 1,994,005 - (3,758,258 )

S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. Statutory information

S.J.Bargh 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
When preparing the financial statements, the directors are required to make judgements, estimates and assumptions about the carrying value of assets, liabilities, income and expenses.The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable, for services provided in the normal course of business, net of discounts, rebates, value added tax and other sales taxes.

Turnover is recognised at a point in time when a performance obligation is satisfied by transferring a service to the customer.

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.
Plant and machinery - 15% Reducing balance
Fixtures and fittings - 15% Reducing balance
Motor vehicles - 25% Reducing balance and Straight line over 7 to 12 years
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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. Amounts payable are classified as current liabilities if the 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 rate 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 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.

S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 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.

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
2024 2023
£    £   
Wages and salaries 16,069,673 14,941,637
Social security costs 1,584,669 1,564,763
Other pension costs 353,552 332,975
18,007,894 16,839,375

The average number of employees during the year was as follows:
2024 2023

Administration and support 65 63
Other departments 384 380
449 443

2024 2023
£    £   
Directors' remuneration 279,373 207,953
Directors' pension contributions to money purchase schemes 12,482 18,840

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 2 3

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 136,619 134,385
Pension contributions to money purchase schemes 10,400 16,211

S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. Operating profit

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Hire of plant and machinery 81,524 380,613
Other operating leases 278,704 262,298
Depreciation - owned assets 1,184,676 1,134,567
Depreciation - assets on hire purchase contracts 1,244,187 665,197
Profit on disposal of fixed assets (101,237 ) (87,634 )

5. Auditors' remuneration
2024 2023
£    £   
Fees payable to the company's auditors and their associates for the audit of
the company's financial statements

13,330

11,700
Other non- audit services 9,369 6,708

6. Interest payable and similar expenses
2024 2023
£    £   
Other interest payable 83 235
Hire purchase 228,297 109,482
228,380 109,717

7. Taxation

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax - (44,543 )

Deferred tax 257,661 138,895
Tax on profit 257,661 94,352

S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. Taxation - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 406,148 445,780
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 19%)

101,537

84,698

Effects of:
Expenses not deductible for tax purposes 3,180 2,408
Capital allowances in excess of depreciation - (172,019 )
Utilisation of tax losses 152,944 145,449
Adjustments to tax charge in respect of previous periods - (44,543 )
Difference of rates of tax used for deferred tax - 78,359
Total tax charge 257,661 94,352

8. Dividends
2024 2023
£    £   
Ordinary shares of £1 each
Interim - 400,003

9. Tangible fixed assets
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
Cost
At 1 May 2023 144,400 977,896 640,748
Additions 2,158 63,667 24,049
Disposals - (3,900 ) (5,080 )
At 30 April 2024 146,558 1,037,663 659,717
Depreciation
At 1 May 2023 100,017 616,452 473,915
Charge for year 14,530 59,283 26,123
Eliminated on disposal - (3,598 ) (3,816 )
At 30 April 2024 114,547 672,137 496,222
Net book value
At 30 April 2024 32,011 365,526 163,495
At 30 April 2023 44,383 361,444 166,833

S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


9. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 May 2023 29,435,001 437,388 31,635,433
Additions 4,286,362 26,966 4,403,202
Disposals (3,380,304 ) (35,811 ) (3,425,095 )
At 30 April 2024 30,341,059 428,543 32,613,540
Depreciation
At 1 May 2023 20,400,076 408,181 21,998,641
Charge for year 2,314,075 14,852 2,428,863
Eliminated on disposal (3,106,056 ) (32,642 ) (3,146,112 )
At 30 April 2024 19,608,095 390,391 21,281,392
Net book value
At 30 April 2024 10,732,964 38,152 11,332,148
At 30 April 2023 9,034,925 29,207 9,636,792

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 May 2023 6,442,104
Additions 3,188,423
Transfer to ownership (548,215 )
At 30 April 2024 9,082,312
Depreciation
At 1 May 2023 1,611,313
Charge for year 1,244,187
Transfer to ownership (219,146 )
At 30 April 2024 2,636,354
Net book value
At 30 April 2024 6,445,958
At 30 April 2023 4,830,791

10. Stocks
2024 2023
£    £   
Stocks 633,014 654,957

S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


11. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 7,172,309 6,072,928
Other debtors 99,231 80,779
Tax - 48,004
Prepayments 560,246 410,499
7,831,786 6,612,210

12. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts (see note 14) 2,544,947 1,709,670
Trade creditors 2,176,874 1,913,766
Amounts owed to group undertakings 987,263 -
Social security and other taxes 371,880 428,933
VAT 724,031 571,428
Other creditors 298,640 236,343
Accruals 403,920 413,306
7,507,555 5,273,446

13. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts (see note 14) 2,085,261 2,039,061

14. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 2,544,947 1,709,670
Between one and five years 2,085,261 2,039,061
4,630,208 3,748,731

Non-cancellable operating leases
2024 2023
£    £   
Within one year 45,000 33,480
Between one and five years 15,000 47,430
60,000 80,910

S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


14. Leasing agreements - continued

The amount of non-cancellable operating lease payments recognised as an expense during the year was £86,367 (2023 - £33,480).

Finance lease liabilities
The obligations under finance lease contracts are secured by the vehicles to which they relate.

15. Provisions for liabilities
2024 2023
£    £   
Deferred tax 584,979 327,318

Deferred
tax
£   
Balance at 1 May 2023 327,318
Provided during year 257,661
Balance at 30 April 2024 584,979

16. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,538 Ordinary £1 2,538 2,538

Rights, preferences and restrictions

Ordinary £1 shares have the following rights, preferences and restrictions.
Full rights to dividends and right to attend and vote at general meetings of the company and to participate in distributions.
Right to repayment at par and to participate in distributions on winding up of the company.

17. Reserves
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 May 2023 10,340,046 32 10,340,078
Profit for the year 148,487 148,487
At 30 April 2024 10,488,533 32 10,488,565

S.J.BARGH LIMITED (REGISTERED NUMBER: 00532272)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


18. Ultimate parent company

S J Bargh Group Limited (incorporated in England ) is regarded by the directors as being the company's ultimate parent company.

The most senior parent entity producing publicly available financial statements is S J Bargh Group Limited. These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ

Relationship between entity and parents
The parent of the largest and smallest group in which these financial statements are consolidated is S J Bargh Group Limited, incorporated in England and Wales.

The address of S J Bargh Group Limited is:
Head Office, Caton Road, Lancaster, LA1 3PE

19. Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.