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REGISTERED NUMBER: SC309768 (Scotland)















Barron Brothers Limited

Financial Statements For The Year Ended 31 October 2024






Barron Brothers Limited (Registered number: SC309768)






Contents of the Financial Statements
For The Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Barron Brothers Limited

Company Information
For The Year Ended 31 October 2024







DIRECTORS: M D Barron
Mrs P A Barron





SECRETARY: M D Barron





REGISTERED OFFICE: 48 Land Street
Keith
Banffshire
AB55 5AW





REGISTERED NUMBER: SC309768 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Barron Brothers Limited (Registered number: SC309768)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,326 16,658

CURRENT ASSETS
Stocks 492 1,445
Debtors 5 - 3,642
Cash at bank 10,135 16,832
10,627 21,919
CREDITORS
Amounts falling due within one year 6 15,705 19,098
NET CURRENT (LIABILITIES)/ASSETS (5,078 ) 2,821
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,248

19,479

PROVISIONS FOR LIABILITIES 7 2,532 3,165
NET ASSETS 5,716 16,314

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 5,714 16,312
SHAREHOLDERS' FUNDS 5,716 16,314

Barron Brothers Limited (Registered number: SC309768)

Balance Sheet - continued
31 October 2024


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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 February 2025 and were signed on its behalf by:




M D Barron - Director



Mrs P A Barron - Director


Barron Brothers Limited (Registered number: SC309768)

Notes to the Financial Statements
For The Year Ended 31 October 2024

1. STATUTORY INFORMATION

Barron Brothers Limited is a private company, limited by shares , registered in Scotland. 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.

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 - 20% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

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

Barron Brothers Limited (Registered number: SC309768)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 November 2023
and 31 October 2024 26,028
DEPRECIATION
At 1 November 2023 9,370
Charge for year 3,332
At 31 October 2024 12,702
NET BOOK VALUE
At 31 October 2024 13,326
At 31 October 2023 16,658

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors - 3,642

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 140 370
Taxation and social security 5,560 8,681
Other creditors 10,005 10,047
15,705 19,098

7. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 2,532 3,165

Deferred
tax
£   
Balance at 1 November 2023 3,165
Provided during year (633 )
Balance at 31 October 2024 2,532

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2 Ordinary £1 2 2

Barron Brothers Limited (Registered number: SC309768)

Notes to the Financial Statements - continued
For The Year Ended 31 October 2024

9. RESERVES
Retained
earnings
£   

At 1 November 2023 16,312
Profit for the year 21,002
Dividends (31,600 )
At 31 October 2024 5,714

10. RELATED PARTY DISCLOSURES

M D Barron
is a director in the company


A loan has been given to the company by the director. No interest is charged and no repayment terms have been agreed.

31.10.24 31.10.23
£    £   
Amount due to related party at the balance sheet date 6,348 5,696

M J Barron
is a director in the company


A loan has been given to the company by the director. No interest is charged and no repayment terms have been agreed.

M J Barron resigned as a director during the year. Loan outstanding at 31 October 2024 s now included in other creditors.

31.10.24 31.10.23
£    £   
Amount due to related party at the balance sheet date - 620

11. ULTIMATE CONTROLLING PARTY

From 31 August 2024, the company is under the joint control of M D Barron and Mrs P A Barron.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Barron Brothers Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Barron Brothers Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Barron Brothers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Barron Brothers Limited and state those matters that we have agreed to state to the Board of Directors of Barron Brothers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Barron Brothers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Barron Brothers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Barron Brothers Limited. You consider that Barron Brothers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Barron Brothers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


3 February 2025