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REGISTERED NUMBER: 06561199 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Barclay Firth Ltd

Barclay Firth Ltd (Registered number: 06561199)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Barclay Firth Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J B Hamilton
N B Hamilton





SECRETARY: N B Hamilton





REGISTERED OFFICE: Russell Chambers
61A North Street
Keighley
West Yorkshire
BD21 3DS





REGISTERED NUMBER: 06561199 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Barclay Firth Ltd (Registered number: 06561199)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 5 8,191 11,410
Investments 6 2 3
8,193 11,413

CURRENT ASSETS
Debtors 7 1,095,575 1,114,630
Cash at bank 256 1,759
1,095,831 1,116,389
CREDITORS
Amounts falling due within one year 8 (2,217,699 ) (2,224,720 )
NET CURRENT LIABILITIES (1,121,868 ) (1,108,331 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,113,675

)

(1,096,918

)

CREDITORS
Amounts falling due after more than one
year

9

(51,253

)

(37,582

)
NET LIABILITIES (1,164,928 ) (1,134,500 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,164,930 ) (1,134,502 )
SHAREHOLDERS' FUNDS (1,164,928 ) (1,134,500 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Barclay Firth Ltd (Registered number: 06561199)

Statement of Financial Position - continued
30 April 2024


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 Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





N B Hamilton - Director


Barclay Firth Ltd (Registered number: 06561199)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Barclay Firth Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared on the basis of a going concern since the directors of the company have indicated that they will support the company for the foreseeable future.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Machinery & equipment - 25% on reducing balance
Office furniture & equipment - 25% on reducing balance
Computer equipment - 25% on reducing balance and Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

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.

Pension costs and other post-retirement benefits
The company operates defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to the profit and loss account in the period to which they relate.

Barclay Firth Ltd (Registered number: 06561199)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Office
Machinery furniture Computer
& equipment & equipment equipment Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 71,257 3,050 4,607 78,914
DEPRECIATION
At 1 May 2023 60,887 2,501 4,116 67,504
Charge for year 2,592 137 490 3,219
At 30 April 2024 63,479 2,638 4,606 70,723
NET BOOK VALUE
At 30 April 2024 7,778 412 1 8,191
At 30 April 2023 10,370 549 491 11,410

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 3
PROVISIONS

Eliminated on disposal 1
At 30 April 2024 1
NET BOOK VALUE
At 30 April 2024 2
At 30 April 2023 3

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by group undertakings 1,095,575 1,094,271
Value added tax debtor - 745
Prepayments and accrued income - 19,614
1,095,575 1,114,630

Barclay Firth Ltd (Registered number: 06561199)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 4,481 9,820
Hire purchase contracts 6,902 16,750
Trade creditors 32,835 59,752
Amounts owed to group undertakings 115,002 115,002
Social security and other taxes 9,551 9,551
VAT 2,028 -
Other creditors 147,338 147,338
Directors' current accounts 1,893,562 1,863,507
Accruals and deferred income 6,000 3,000
2,217,699 2,224,720

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years 9,929 10,068
Bank loans - 2-5 years 23,395 17,743
Hire purchase contracts 17,929 9,771
51,253 37,582

10. RELATED PARTY DISCLOSURES

Barclay Firth Limited controls BF (Nelson) Limited and Marsden Park (MGT) Limited..

Neil Hamilton is a director in each of the above mentioned Companies.

During the year, Barclay Firth Limited entered into the following transactions with related parties:

Sales of goods to BF (Nelson) Limited £NIL (2023: £2,125,000)

As at 30 April 2024, the following balances were outstanding with related parties:

Amounts owed by BF (Nelson) Limited £1,095,575
Amounts owed to Marsden Park (MGT) Limited £115,002

BF (Midgehole) Limited was dissolved on the 22 May 2023.

All related party transactions were made on terms equivalent to those that prevail in arm's length transactions unless otherwise stated. Outstanding balances at the year-end are unsecured and interest-free and will be settled in cash. No guarantees have been given or received. BF (Nelson) Limited is currently not in a position to repay the Inter Company loan balance back to Barclay Firth Limited.