REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 October 2024 |
for |
Barber Pumps (Supplies And Repairs) |
Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 October 2024 |
for |
Barber Pumps (Supplies And Repairs) |
Limited |
Barber Pumps (Supplies And Repairs) |
Limited (Registered number: 01673009) |
Contents of the Financial Statements |
for the Year Ended 31 October 2024 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
Barber Pumps (Supplies And Repairs) |
Limited |
Company Information |
for the Year Ended 31 October 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
316 Blackpool Road |
Fulwood |
Preston |
Lancashire |
PR2 3AE |
Barber Pumps (Supplies And Repairs) |
Limited (Registered number: 01673009) |
Statement of Financial Position |
31 October 2024 |
31.10.24 | 31.10.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
Barber Pumps (Supplies And Repairs) |
Limited (Registered number: 01673009) |
Statement of Financial Position - continued |
31 October 2024 |
31.10.24 | 31.10.23 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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 were approved by the director and authorised for issue on |
Barber Pumps (Supplies And Repairs) |
Limited (Registered number: 01673009) |
Notes to the Financial Statements |
for the Year Ended 31 October 2024 |
1. | STATUTORY INFORMATION |
Barber Pumps (Supplies And Repairs) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Equipment and tools | - |
Motor vehicles | - |
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 Statement of Income and Retained Earnings, 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. |
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. |
Barber Pumps (Supplies And Repairs) |
Limited (Registered number: 01673009) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2024 |
2. | ACCOUNTING POLICIES - continued |
Hire purchase and leasing commitments |
Operating leases |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Finance Leases and Hire Purchase |
A finance lease or hire purchase arrangement gives rise to both an asset and liability in the Statement of Financial Position. At the commencement of the arrangement the amounts are recorded at the fair value of the leased asset or, if lower, the present value of the minimum lease payments, determined at the inception of the lease. |
The leased asset is depreciated over the shorter of the lease term and the assets useful life. |
Lease payments are apportioned between the finance charge and as a reduction of the outstanding 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. |
Investments |
Investments are shown at most recent valuation. Any aggregate surplus of deficit arising from changes in fair value is recognised in profit and loss. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Barber Pumps (Supplies And Repairs) |
Limited (Registered number: 01673009) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2024 |
4. | TANGIBLE FIXED ASSETS |
Equipment | Motor |
and tools | vehicles | Totals |
£ | £ | £ |
COST |
At 1 November 2023 |
Additions |
At 31 October 2024 |
DEPRECIATION |
At 1 November 2023 |
Charge for year |
At 31 October 2024 |
NET BOOK VALUE |
At 31 October 2024 |
At 31 October 2023 |
5. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST OR VALUATION |
At 1 November 2023 |
Additions |
Revaluations |
At 31 October 2024 |
NET BOOK VALUE |
At 31 October 2024 |
At 31 October 2023 |
Barber Pumps (Supplies And Repairs) |
Limited (Registered number: 01673009) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2024 |
5. | FIXED ASSET INVESTMENTS - continued |
Cost or valuation at 31 October 2024 is represented by: |
Other |
investments |
£ |
Valuation in 2015 | 9,609 |
Valuation in 2016 | 5,467 |
Valuation in 2017 | 7,520 |
Valuation in 2018 | (1,316 | ) |
Valuation in 2019 | 3,146 |
Valuation in 2020 | (6,717 | ) |
Valuation in 2021 | 13,769 |
Valuation in 2022 | (3,169 | ) |
Valuation in 2023 | 3,548 |
Valuation in 2024 | 13,379 |
Cost | 45,000 |
90,236 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.24 | 31.10.23 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.10.24 | 31.10.23 |
£ | £ |
Finance leases (see note 9) |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.10.24 | 31.10.23 |
£ | £ |
Finance leases (see note 9) |
Barber Pumps (Supplies And Repairs) |
Limited (Registered number: 01673009) |
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2024 |
9. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Finance leases |
31.10.24 | 31.10.23 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable | operating leases |
31.10.24 | 31.10.23 |
£ | £ |
Within one year |
10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023: |
31.10.24 | 31.10.23 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
11. | 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. |
12. | ULTIMATE CONTROLLING PARTY |
The controlling party is Barber Family Holdings Limited. |