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REGISTERED NUMBER: 01673009 (England and Wales)























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: Mr M Barber





REGISTERED OFFICE: 316 Blackpool Road Fulwood
Preston
United Kingdom
Lancashire
PR2 3AE





REGISTERED NUMBER: 01673009 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
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 52,228 22,842
Investments 5 90,236 66,857
142,464 89,699

CURRENT ASSETS
Stocks 450,000 350,000
Debtors 6 358,210 300,096
Cash at bank and in hand 517,903 528,107
1,326,113 1,178,203
CREDITORS
Amounts falling due within one year 7 296,966 248,533
NET CURRENT ASSETS 1,029,147 929,670
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,171,611

1,019,369

CREDITORS
Amounts falling due after more than one
year

8

(21,307

)

-

PROVISIONS FOR LIABILITIES (7,459 ) (3,755 )
NET ASSETS 1,142,845 1,015,614

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 500 500
Capital redemption reserve 500 500
Retained earnings 1,141,845 1,014,614
SHAREHOLDERS' FUNDS 1,142,845 1,015,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2025 and were signed by:





Mr M Barber - Director


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 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 as modified by the revaluation of certain assets.

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.
Equipment and tools - 15% on reducing balance
Motor vehicles - 25% on reducing balance and 20% 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.

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 4 (2023 - 4 ) .

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 19,821 31,999 51,820
Additions 1,072 42,125 43,197
At 31 October 2024 20,893 74,124 95,017
DEPRECIATION
At 1 November 2023 14,978 14,000 28,978
Charge for year 887 12,924 13,811
At 31 October 2024 15,865 26,924 42,789
NET BOOK VALUE
At 31 October 2024 5,028 47,200 52,228
At 31 October 2023 4,843 17,999 22,842

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 November 2023 66,857
Additions 10,000
Revaluations 13,379
At 31 October 2024 90,236
NET BOOK VALUE
At 31 October 2024 90,236
At 31 October 2023 66,857

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 321,590 264,420
Other debtors 36,620 35,676
358,210 300,096

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Finance leases (see note 9) 5,440 -
Trade creditors 215,827 168,790
Taxation and social security 50,185 61,594
Other creditors 25,514 18,149
296,966 248,533

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Finance leases (see note 9) 21,307 -

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 5,440 -
Between one and five years 21,307 -
26,747 -

Non-cancellable operating leases
31.10.24 31.10.23
£    £   
Within one year 750 790

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
£    £   
Mr M Barber
Balance outstanding at start of year 24,150 25,200
Amounts repaid (1,702 ) (1,050 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 22,448 24,150

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.