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REGISTERED NUMBER: 10145514 (England and Wales)















Financial Statements

for the Year Ended 30 April 2024

for

Barton Furniture Limited

Barton Furniture Limited (Registered number: 10145514)






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


Barton Furniture Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: J Lorimer





REGISTERED OFFICE: Unit 3
Milner Road
Long Eaton
Derbyshire
NG10 1LB





REGISTERED NUMBER: 10145514 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chancery House
30 St Johns Road
Woking
Surrey
GU21 7SA

Barton Furniture Limited (Registered number: 10145514)

Statement of Financial Position
30 April 2024

30/4/24 30/4/23
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Property, plant and equipment 6 465,357 335,694
465,357 335,694

CURRENT ASSETS
Inventories 664,528 622,032
Debtors 7 1,476,233 722,624
Cash at bank 20,037 234,534
2,160,798 1,579,190
CREDITORS
Amounts falling due within one year 8 (1,398,315 ) (1,086,093 )
NET CURRENT ASSETS 762,483 493,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,227,840

828,791

CREDITORS
Amounts falling due after more than one
year

9

(199,089

)

(145,390

)

PROVISIONS FOR LIABILITIES (108,141 ) (63,076 )
NET ASSETS 920,610 620,325

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 920,510 620,225
920,610 620,325

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 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.

Barton Furniture Limited (Registered number: 10145514)

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 director and authorised for issue on 31 January 2025 and were signed by:





J Lorimer - Director


Barton Furniture Limited (Registered number: 10145514)

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

1. STATUTORY INFORMATION

Barton Furniture 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. 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
The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income is recognised at the point that the company's goods are delivered to their customers, being the time ownership is transferred to the customer. Any invoices relating to deposits towards future orders are deferred in the financial statements until such time as the goods are supplied to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost
Software - 33% on cost
Computer equipment - 20% on cost

Stocks
Inventories 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.


Barton Furniture Limited (Registered number: 10145514)

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

3. 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.

Hire purchase and leasing commitments
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 50 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 39,994
Amortisation
At 1 May 2023
and 30 April 2024 39,994
Net book value
At 30 April 2024 -
At 30 April 2023 -

Barton Furniture Limited (Registered number: 10145514)

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

6. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 May 2023 41,782 388,327 20,629
Additions 9,548 195,117 -
At 30 April 2024 51,330 583,444 20,629
Depreciation
At 1 May 2023 9,815 99,893 20,629
Charge for year 11,769 53,636 -
At 30 April 2024 21,584 153,529 20,629
Net book value
At 30 April 2024 29,746 429,915 -
At 30 April 2023 31,967 288,434 -

Computer
Software equipment Totals
£    £    £   
Cost
At 1 May 2023 34,276 8,993 494,007
Additions - 3,730 208,395
At 30 April 2024 34,276 12,723 702,402
Depreciation
At 1 May 2023 22,850 5,126 158,313
Charge for year 11,425 1,902 78,732
At 30 April 2024 34,275 7,028 237,045
Net book value
At 30 April 2024 1 5,695 465,357
At 30 April 2023 11,426 3,867 335,694

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 1,209,198 491,179
Other debtors 267,035 231,445
1,476,233 722,624

Barton Furniture Limited (Registered number: 10145514)

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 5,291 7,219
Hire purchase contracts (see note 10) 74,818 51,266
Trade creditors 181,947 266,882
Taxation and social security 346,843 112,831
Other creditors 789,416 647,895
1,398,315 1,086,093

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£    £   
Bank loans 15,871 21,659
Hire purchase contracts (see note 10) 183,218 123,731
199,089 145,390

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30/4/24 30/4/23
£    £   
Net obligations repayable:
Within one year 74,818 51,266
Between one and five years 183,218 123,731
258,036 174,997

Non-cancellable operating leases
30/4/24 30/4/23
£    £   
Within one year 67,992 67,992
Between one and five years 169,980 237,972
237,972 305,964