Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falsefalseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01No description of principal activity77truefalse 09049676 2023-04-01 2024-03-31 09049676 2022-04-01 2023-03-31 09049676 2024-03-31 09049676 2023-03-31 09049676 c:Director1 2023-04-01 2024-03-31 09049676 d:PlantMachinery 2023-04-01 2024-03-31 09049676 d:PlantMachinery 2024-03-31 09049676 d:PlantMachinery 2023-03-31 09049676 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09049676 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09049676 d:MotorVehicles 2023-04-01 2024-03-31 09049676 d:MotorVehicles 2024-03-31 09049676 d:MotorVehicles 2023-03-31 09049676 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09049676 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09049676 d:FurnitureFittings 2023-04-01 2024-03-31 09049676 d:FurnitureFittings 2024-03-31 09049676 d:FurnitureFittings 2023-03-31 09049676 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09049676 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09049676 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09049676 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 09049676 d:Goodwill 2023-04-01 2024-03-31 09049676 d:Goodwill 2024-03-31 09049676 d:Goodwill 2023-03-31 09049676 d:CurrentFinancialInstruments 2024-03-31 09049676 d:CurrentFinancialInstruments 2023-03-31 09049676 d:Non-currentFinancialInstruments 2024-03-31 09049676 d:Non-currentFinancialInstruments 2023-03-31 09049676 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09049676 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09049676 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 09049676 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 09049676 d:ShareCapital 2024-03-31 09049676 d:ShareCapital 2023-03-31 09049676 d:RetainedEarningsAccumulatedLosses 2024-03-31 09049676 d:RetainedEarningsAccumulatedLosses 2023-03-31 09049676 c:FRS102 2023-04-01 2024-03-31 09049676 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 09049676 c:FullAccounts 2023-04-01 2024-03-31 09049676 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09049676 d:HirePurchaseContracts d:WithinOneYear 2024-03-31 09049676 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 09049676 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-03-31 09049676 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 09049676 d:Goodwill d:OwnedIntangibleAssets 2023-04-01 2024-03-31 09049676 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09049676










BARBER REFRIGERATION LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BARBER REFRIGERATION LIMITED
REGISTERED NUMBER: 09049676

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
6,000
9,000

Tangible assets
 5 
106,104
8,124

  
112,104
17,124

Current assets
  

Stocks
  
80,000
80,000

Debtors: amounts falling due within one year
 6 
100,915
88,174

Cash at bank and in hand
  
-
2,632

  
180,915
170,806

Creditors: amounts falling due within one year
 7 
(193,228)
(141,897)

Net current (liabilities)/assets
  
 
 
(12,313)
 
 
28,909

Total assets less current liabilities
  
99,791
46,033

Creditors: amounts falling due after more than one year
 8 
(94,957)
(23,972)

Provisions for liabilities
  

Deferred tax
  
(1,246)
(1,246)

  
 
 
(1,246)
 
 
(1,246)

Net assets
  
3,588
20,815


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
3,488
20,715

  
3,588
20,815


Page 1

 
BARBER REFRIGERATION LIMITED
REGISTERED NUMBER: 09049676
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 March 2025.




Ian Gordon Fraser Barber
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Barber Refrigeration Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09049676 and registered office address is MHA House Charter Court, Pheonix Way, Swansea Enterprise Park, Swansea, Wales, SA7 9FS
The presentation currency of the financial statements is the Pound Sterling (£).  
                                       
Monetary amounts in these financial statements are rounded to the nearest pound. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

  
2.2

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make
judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are
not readily apparent from other sources. The estimates and associated assumptions are based on
historical experience and other factors which are considered to be relevant. Actual results may differ
from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision only
effects that period, or in the period of the revision and future periods if the revision affects both
current and future periods.
The following are the critical judgements that the directors have made in the process of applying the
company's accounting policies and that have the most significant effect on the amounts recognised in
the financial statements.
Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective
evidence of impairment, an impairment loss is recognised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and
a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent
liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent
assets are only disclosed if an inflow of economic benefits is probable.

Page 3

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Going concern

The directors have assessed the principal risks and uncertainties impacting the company and the pressures facing the global economy. The directors are aware that the situation is continually evolving and is prepared to adapt with the latest developments and recommendations.
The directors have assessed the balance sheet and likely future cash flows of the company at the date of approving the financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

 
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and loss account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
Motor vehicles
-
25%
Fixtures and fittings
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

  
2.10

Financial instruments

Basic financial assets, which include trade and other debtors and cash and bank balances, are intitially meaured at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Page 6

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.11

Pension

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. 


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).


4.


Intangible assets




Goodwill

£



Cost


At 1 April 2023
30,000



At 31 March 2024

30,000



Amortisation


At 1 April 2023
21,000


Charge for the year on owned assets
3,000



At 31 March 2024

24,000



Net book value



At 31 March 2024
6,000



At 31 March 2023
9,000



Page 7

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 April 2023
3,185
76,850
4,063
84,098


Additions
-
121,805
-
121,805


Disposals
-
(41,215)
-
(41,215)



At 31 March 2024

3,185
157,440
4,063
164,688



Depreciation


At 1 April 2023
1,084
71,846
3,044
75,974


Charge for the year on owned assets
450
-
873
1,323


Charge for the year on financed assets
-
22,502
-
22,502


Disposals
-
(41,215)
-
(41,215)



At 31 March 2024

1,534
53,133
3,917
58,584



Net book value



At 31 March 2024
1,651
104,307
146
106,104



At 31 March 2023
2,101
5,004
1,019
8,124


6.


Debtors

2024
2023
£
£


Trade debtors
98,667
80,692

Other debtors
809
-

Prepayments and accrued income
1,439
7,482

100,915
88,174


Page 8

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
32,716
20,627

Trade creditors
79,291
35,712

Other taxation and social security
18,011
42,204

Obligations under finance lease and hire purchase contracts
28,632
4,789

Other creditors
30,083
33,394

Accruals and deferred income
4,495
5,171

193,228
141,897



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
70,417
1,065

Other creditors
24,540
22,907

94,957
23,972



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
28,632
4,789

Between 1-5 years
70,417
1,065

99,049
5,854

Page 9

 
BARBER REFRIGERATION LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

10.

Secured debts

The following secured debts are included within creditors:

2024
2023
        £
        £
Hire purchase contracts

99,049

5,854
 

Obligations under hire purchase are secured on the assets to which they relate.


11.


Transactions with directors

 The amount owed to the directors at the balance sheet date included within other creditors is £5,139 (2023 - £10,202). Loans due to the directors are interest free.


12.


Capital commitments


At 31 March 2024 the Company had capital commitments as follows:

2024
2023
£
£


Contracted for but not provided in these financial statements
-
58,597

-
58,597

 
Page 10