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REGISTERED NUMBER: 00988738 (England and Wales)















Terence Barker Limited

Unaudited Financial Statements

For The Year Ended 30 September 2024






Terence Barker Limited (Registered number: 00988738)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Terence Barker Limited

Company Information
For The Year Ended 30 September 2024







DIRECTORS: K Gregory
T C Norton
T J Waring





REGISTERED OFFICE: Barker House
Phoenix Road
Haverhill
CB9 7AE





REGISTERED NUMBER: 00988738 (England and Wales)





ACCOUNTANTS: Roddis Taylor Robinson
Chartered Accountants
Unit 6, Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB

Terence Barker Limited (Registered number: 00988738)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,224,847 2,183,577
2,224,847 2,183,577

CURRENT ASSETS
Stocks 304,288 300,125
Debtors 6 459,270 399,871
Cash at bank 460,807 697,935
1,224,365 1,397,931
CREDITORS
Amounts falling due within one year 7 372,211 535,398
NET CURRENT ASSETS 852,154 862,533
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,077,001

3,046,110

CREDITORS
Amounts falling due after more than one
year

8

(1,179,255

)

(1,204,280

)

PROVISIONS FOR LIABILITIES (60,027 ) (46,948 )
NET ASSETS 1,837,719 1,794,882

CAPITAL AND RESERVES
Called up share capital 200 200
Revaluation reserve 10 402,720 422,720
Retained earnings 1,434,799 1,371,962
1,837,719 1,794,882

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

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

Terence Barker Limited (Registered number: 00988738)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





T C Norton - Director


Terence Barker Limited (Registered number: 00988738)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Terence Barker 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost or valuation less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc-33% straight line, 25% on reducing balance, 15% on reducing balance and
10% straight line
Freehold building-2% straight line

No depreciation is provided on freehold land.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and bank loans are initially recognised at the transaction price. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.


Terence Barker Limited (Registered number: 00988738)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 41,501 7,215 48,716
AMORTISATION
At 1 October 2023
and 30 September 2024 41,501 7,215 48,716
NET BOOK VALUE
At 30 September 2024 - - -
At 30 September 2023 - - -

Terence Barker Limited (Registered number: 00988738)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 2,000,000 1,274,345 3,274,345
Additions - 93,776 93,776
At 30 September 2024 2,000,000 1,368,121 3,368,121
DEPRECIATION
At 1 October 2023 10,000 1,080,768 1,090,768
Charge for year 10,000 42,506 52,506
At 30 September 2024 20,000 1,123,274 1,143,274
NET BOOK VALUE
At 30 September 2024 1,980,000 244,847 2,224,847
At 30 September 2023 1,990,000 193,577 2,183,577

Cost or valuation at 30 September 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 2,000,000 - 2,000,000
Cost - 1,368,121 1,368,121
2,000,000 1,368,121 3,368,121

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,645,786 2,645,786
Aggregate depreciation 1,196,666 1,153,946

Freehold land and buildings were valued on an open market basis on 31 March 2022 by Eddisons .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 435,832 337,244
Amounts owed by group undertakings 21,261 21,261
Other debtors 2,177 41,366
459,270 399,871

Terence Barker Limited (Registered number: 00988738)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,521 25,801
Hire purchase contracts 25,527 17,239
Trade creditors 141,825 246,503
Taxation and social security 115,350 97,505
Other creditors 60,988 148,350
372,211 535,398

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,127,663 1,154,294
Hire purchase contracts 51,592 49,986
1,179,255 1,204,280

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 982,323 1,044,911

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,156,184 1,180,095
Hire purchase contracts 77,119 67,225
1,233,303 1,247,320

The Bank loan is secured by way of a mortgage over the company's freehold land and buildings.
The hire purchase liabilities are secured on the relevant assets.

10. RESERVES
Revaluation
reserve
£   
At 1 October 2023 422,720
Transfer to retained earnings (20,000 )

At 30 September 2024 402,720

11. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Granta Engineering Holdings Limited. The registered office of Granta Engineering Holdings Limited is Unit 6 Acorn Business Park, Woodseats Close, Sheffield S8 0TB.

Terence Barker Limited

Report of the Accountants to the Directors of
Terence Barker 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Our report may not be relied upon by any person for any other purpose whatsoever.

Roddis Taylor Robinson neither owes nor accepts any duty to any other party and shall not be liable for any loss, damage or expenses of whatsoever nature which is caused by their reliance on these accounts.






Roddis Taylor Robinson
Chartered Accountants
Unit 6, Acorn Business Park
Woodseats Close
Sheffield
South Yorkshire
S8 0TB


20 March 2025