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REGISTERED NUMBER: 00826661 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

BARKERS INTERNATIONAL COMMUNICATIONS
LIMITED

BARKERS INTERNATIONAL COMMUNICATIONS
LIMITED (REGISTERED NUMBER: 00826661)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 9


BARKERS INTERNATIONAL COMMUNICATIONS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: J B Whitlock
F G M Whitlock
J M Whitlock





SECRETARY: L C Rutter





REGISTERED OFFICE: Barker House
Barkers Lane
Bedford
Bedfordshire
MK41 9TR





REGISTERED NUMBER: 00826661 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

BARKERS INTERNATIONAL COMMUNICATIONS
LIMITED (REGISTERED NUMBER: 00826661)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 807,331 835,451
Investment property 5 295,000 295,000
1,102,331 1,130,451

CURRENT ASSETS
Stocks 5,950 5,750
Debtors 6 125,704 157,051
Cash at bank and in hand 608 790
132,262 163,591
CREDITORS
Amounts falling due within one year 7 381,030 406,591
NET CURRENT LIABILITIES (248,768 ) (243,000 )
TOTAL ASSETS LESS CURRENT LIABILITIES 853,563 887,451

CREDITORS
Amounts falling due after more than one
year

8

-

(16,681

)

PROVISIONS FOR LIABILITIES 10 (65,700 ) (63,766 )
NET ASSETS 787,863 807,004

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 11 415,938 415,938
Non-distributable reserves 115,000 115,000
Retained earnings 256,825 275,966
SHAREHOLDERS' FUNDS 787,863 807,004

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.

BARKERS INTERNATIONAL COMMUNICATIONS
LIMITED (REGISTERED NUMBER: 00826661)

BALANCE SHEET - continued
31 OCTOBER 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 5 June 2025 and were signed on its behalf by:





J B Whitlock - Director


BARKERS INTERNATIONAL COMMUNICATIONS
LIMITED (REGISTERED NUMBER: 00826661)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Barkers International Communications 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £1.

Turnover
Turnover, which is stated net of value added tax, represents amounts invoiced to third parties less income deferred in respect of contracts covering installation maintenance for future periods. Income from investment properties comprising rent receivable is shown as other operating income.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - Land 0%, buildings 1% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss and is subsequently transferred to a separate non-distributable reserve, net of deferred tax.

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

BARKERS INTERNATIONAL COMMUNICATIONS
LIMITED (REGISTERED NUMBER: 00826661)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

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, which include trade debtors and other debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost, being transaction price less amounts settled and any impairment losses.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, which include trade creditors, accruals and bank loans, are initially recognised at transaction, and are subsequently measured at amortised cost being transaction price less amounts settled.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

BARKERS INTERNATIONAL COMMUNICATIONS
LIMITED (REGISTERED NUMBER: 00826661)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 the 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.

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.

Going concern
At the year end despite showing net current liabilities the company had shareholders' funds of £787,863. The company owns its trading property together with an investment property and therefore the directors can offer these assets as security if additional funding is required. For this reason the directors are confident of the ability of the company to continue in business for at least twelve months following the date of approval of the financial statements, and therefore these accounts are prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 850,000 718,893 1,568,893
Disposals - (27,686 ) (27,686 )
At 31 October 2024 850,000 691,207 1,541,207
DEPRECIATION
At 1 November 2023 81,918 651,524 733,442
Charge for year 8,190 15,337 23,527
Eliminated on disposal - (23,093 ) (23,093 )
At 31 October 2024 90,108 643,768 733,876
NET BOOK VALUE
At 31 October 2024 759,892 47,439 807,331
At 31 October 2023 768,082 67,369 835,451

Included in cost of land and buildings is freehold land of £ 31,000 (2023 - £ 31,000 ) which is not depreciated.

BARKERS INTERNATIONAL COMMUNICATIONS
LIMITED (REGISTERED NUMBER: 00826661)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2023 87,285
Transfer to ownership (87,285 )
At 31 October 2024 -
DEPRECIATION
At 1 November 2023 48,283
Charge for year 9,751
Transfer to ownership (58,034 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 39,002

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 295,000
NET BOOK VALUE
At 31 October 2024 295,000
At 31 October 2023 295,000

The investment property comprises freehold land and buildings which were last valued on an open market basis as at 31 October 2017 by the directors.

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2017 115,000
Cost 180,000
295,000

BARKERS INTERNATIONAL COMMUNICATIONS
LIMITED (REGISTERED NUMBER: 00826661)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 43,554 60,614
Prepayments and accrued income 82,150 96,437
125,704 157,051

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 122,292 107,655
Hire purchase contracts - 9,515
Trade creditors 47,010 44,724
Social security and other taxes 12,866 13,943
VAT 10,110 12,581
Accruals and deferred income 188,752 218,173
381,030 406,591

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years - 16,681

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 9,515

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 65,700 63,766

Deferred
tax
£   
Balance at 1 November 2023 63,766
Provided during year 1,934
Balance at 31 October 2024 65,700

BARKERS INTERNATIONAL COMMUNICATIONS
LIMITED (REGISTERED NUMBER: 00826661)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


11. RESERVES
Revaluation
reserve
£   
At 1 November 2023
and 31 October 2024 415,938

Revaluation reserve
The cumulative revaluation gains and losses in respect of land and buildings, except revaluation gains and losses recognised in profit or loss.

Non-distributable reserves
The cumulative revaluation gains and losses in respect of investment properties, net of deferred tax.

Profit and loss reserves
Cumulative profit and loss net of distributions to owners.

12. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

In 2020 the entity received a £100,000 Coronavirus Business Interruption Loan from the Government charged at a rate of 3.19% above base rate per annum with a 48 month payback period beggining 12 months after drawdown.

As part of the scheme the first 12 months was interest free for the recipient and the Government cover the interest during this period. The Government assistance was therefore accounted for within other operating income with the relevant interest expense recognised in the profit and loss.

The Government provides the lender with an 80% guarantee over the loan as part of the scheme.