47 47 Barsby Produce Limited 07580846 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of fruit and vegetable wholesalers. Digita Accounts Production Advanced 6.30.9574.0 true 07580846 2024-04-01 2025-03-31 07580846 2025-03-31 07580846 bus:OrdinaryShareClass1 2025-03-31 07580846 bus:OrdinaryShareClass2 2025-03-31 07580846 core:CurrentFinancialInstruments 2025-03-31 07580846 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 07580846 core:Goodwill 2025-03-31 07580846 core:FurnitureFittings 2025-03-31 07580846 core:LandBuildings core:LongLeaseholdAssets 2025-03-31 07580846 core:MotorVehicles 2025-03-31 07580846 core:PlantMachinery 2025-03-31 07580846 core:ParentEntities 2025-03-31 07580846 bus:SmallEntities 2024-04-01 2025-03-31 07580846 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07580846 bus:FilletedAccounts 2024-04-01 2025-03-31 07580846 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07580846 bus:RegisteredOffice 2024-04-01 2025-03-31 07580846 bus:Director1 2024-04-01 2025-03-31 07580846 bus:Director2 2024-04-01 2025-03-31 07580846 bus:Director3 2024-04-01 2025-03-31 07580846 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 07580846 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 07580846 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07580846 bus:Agent1 2024-04-01 2025-03-31 07580846 core:Goodwill 2024-04-01 2025-03-31 07580846 core:FurnitureFittings 2024-04-01 2025-03-31 07580846 core:LandBuildings core:LongLeaseholdAssets 2024-04-01 2025-03-31 07580846 core:LeaseholdImprovements 2024-04-01 2025-03-31 07580846 core:MotorVehicles 2024-04-01 2025-03-31 07580846 core:PlantMachinery 2024-04-01 2025-03-31 07580846 core:ParentEntities 2024-04-01 2025-03-31 07580846 core:ParentEntities core:Leases 2024-04-01 2025-03-31 07580846 countries:EnglandWales 2024-04-01 2025-03-31 07580846 2024-03-31 07580846 core:Goodwill 2024-03-31 07580846 core:FurnitureFittings 2024-03-31 07580846 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 07580846 core:MotorVehicles 2024-03-31 07580846 core:PlantMachinery 2024-03-31 07580846 core:ParentEntities 2024-03-31 07580846 2023-04-01 2024-03-31 07580846 2024-03-31 07580846 bus:OrdinaryShareClass1 2024-03-31 07580846 bus:OrdinaryShareClass2 2024-03-31 07580846 core:CurrentFinancialInstruments 2024-03-31 07580846 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07580846 core:FurnitureFittings 2024-03-31 07580846 core:LandBuildings core:LongLeaseholdAssets 2024-03-31 07580846 core:MotorVehicles 2024-03-31 07580846 core:PlantMachinery 2024-03-31 07580846 core:ParentEntities 2024-03-31 07580846 core:ParentEntities 2023-04-01 2024-03-31 07580846 core:ParentEntities core:Leases 2023-04-01 2024-03-31 07580846 2023-03-31 07580846 core:ParentEntities 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 07580846

Barsby Produce Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Barsby Produce Limited

Contents

Company Information

1

Statement of financial position

2

Notes to the Unaudited Financial Statements

3 to 9

 

Barsby Produce Limited

Company Information

Directors

Mr B Keeley

Dr NJ Hancock

Mr PG Hancock

Registered office

19 King Street
King's Lynn
Norfolk
PE30 1HB

Accountants

Hayhow & Co
Chartered Certified Accountants & Business Advisers19 King Street
King's Lynn
Norfolk
PE30 1HB

 

Barsby Produce Limited

(Registration number: 07580846)
Statement of financial position as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

6

676,063

703,879

Current assets

 

Stocks

7

214,144

248,215

Debtors

8

942,958

947,674

Cash at bank and in hand

 

1,406,994

1,739,985

 

2,564,096

2,935,874

Creditors: Amounts falling due within one year

9

(1,171,107)

(1,302,391)

Net current assets

 

1,392,989

1,633,483

Total assets less current liabilities

 

2,069,052

2,337,362

Provisions for liabilities

(170,898)

(158,955)

Net assets

 

1,898,154

2,178,407

Capital and reserves

 

Called up share capital

10

125

125

Share premium reserve

161,939

161,939

Retained earnings

1,736,090

2,016,343

Shareholders' funds

 

1,898,154

2,178,407

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of comprehensive income.

Approved and authorised by the Board on 14 May 2025 and signed on its behalf by:
 

.........................................
Mr PG Hancock
Director

 

Barsby Produce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
19 King Street
King's Lynn
Norfolk
PE30 1HB

These financial statements were authorised for issue by the Board on 14 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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

 

Barsby Produce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Long Leasehold

10% straight line

Plant and machinery

25% reducing balance

Fittings fixtures and equipment

25% reducing balance

Motor vehicles

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Barsby Produce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 47 (2024 - 47).

 

Barsby Produce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Profit before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

234,897

220,060

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2024

11,662

11,662

At 31 March 2025

11,662

11,662

Amortisation

At 1 April 2024

11,662

11,662

At 31 March 2025

11,662

11,662

Carrying amount

At 31 March 2025

-

-

 

Barsby Produce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Cost or valuation

At 1 April 2024

734,172

82,244

347,871

724,697

Additions

-

5,529

61,969

233,575

Disposals

(10,824)

(1,940)

(23,428)

(216,758)

At 31 March 2025

723,348

85,833

386,412

741,514

Depreciation

At 1 April 2024

470,130

58,757

303,010

353,208

Charge for the year

72,339

7,083

26,383

129,092

Eliminated on disposal

(7,575)

(1,235)

(22,095)

(128,053)

At 31 March 2025

534,894

64,605

307,298

354,247

Carrying amount

At 31 March 2025

188,454

21,228

79,114

387,267

At 31 March 2024

264,042

23,487

44,861

371,489

Total
£

Cost or valuation

At 1 April 2024

1,888,984

Additions

301,073

Disposals

(252,950)

At 31 March 2025

1,937,107

Depreciation

At 1 April 2024

1,185,105

Charge for the year

234,897

Eliminated on disposal

(158,958)

At 31 March 2025

1,261,044

Carrying amount

At 31 March 2025

676,063

At 31 March 2024

703,879

 

Barsby Produce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Stocks

2025
£

2024
£

Other inventories

214,144

248,215

8

Debtors

Current

2025
£

2024
£

Trade debtors

824,321

895,970

Prepayments

13,150

19,102

Other debtors

105,487

32,602

 

942,958

947,674

9

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Trade creditors

 

624,550

742,638

Amounts due to related parties

11

183,329

161,953

Social security and other taxes

 

28,644

27,849

Outstanding defined contribution pension costs

 

661

1,068

Other payables

 

18,157

17,510

Accruals

 

19,016

16,100

Tax liability

296,750

335,273

 

1,171,107

1,302,391

 

Barsby Produce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary A Shares of £1 each

100

100

100

100

Ordinary B Shares of £1 each

25

25

25

25

125

125

125

125

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.

11

Related party transactions

Expenditure with and payables to related parties

2025

Parent
£

Rent

132,000

2024

Parent
£

Rent

132,000

Loans to related parties

2025

Parent
£

Total
£

At start of period

160,170

160,170

Advanced

23,159

23,159

At end of period

183,329

183,329

2024

Parent
£

Total
£

At start of period

134,297

134,297

Advanced

25,873

25,873

At end of period

160,170

160,170

Hepworth Holdings (East Anglia) Limited is the parent company. The directors of Barsby Produce Limited are also directors of Hepworth Holdings (East Anglia) Limited.