1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 20,400 20,400 20,400 xbrli:pure xbrli:shares iso4217:GBP 13548168 2023-07-01 2024-06-30 13548168 2024-06-30 13548168 2023-06-30 13548168 2022-07-01 2023-06-30 13548168 2023-06-30 13548168 2022-06-30 13548168 core:PlantMachinery 2023-07-01 2024-06-30 13548168 bus:Director2 2023-07-01 2024-06-30 13548168 core:PlantMachinery 2023-06-30 13548168 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 13548168 core:PlantMachinery 2024-06-30 13548168 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 13548168 core:WithinOneYear 2024-06-30 13548168 core:WithinOneYear 2023-06-30 13548168 core:AfterOneYear 2024-06-30 13548168 core:AfterOneYear 2023-06-30 13548168 core:ShareCapital 2024-06-30 13548168 core:ShareCapital 2023-06-30 13548168 core:RevaluationReserve 2024-06-30 13548168 core:RevaluationReserve 2023-06-30 13548168 core:RetainedEarningsAccumulatedLosses 2024-06-30 13548168 core:RetainedEarningsAccumulatedLosses 2023-06-30 13548168 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 13548168 core:Non-currentFinancialInstruments 2024-06-30 13548168 core:Non-currentFinancialInstruments 2023-06-30 13548168 core:PlantMachinery 2023-06-30 13548168 bus:Director1 2023-07-01 2024-06-30 13548168 bus:SmallEntities 2023-07-01 2024-06-30 13548168 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 13548168 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 13548168 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13548168 bus:FullAccounts 2023-07-01 2024-06-30 13548168 1 2023-07-01 2024-06-30 13548168 bus:Director2 1 2023-07-01 2024-06-30 13548168 core:AllAssociates 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 13548168
Barwick Plant Holdings Limited
Filleted Unaudited Financial Statements
30 June 2024
Barwick Plant Holdings Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Barwick Plant Holdings Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
776,222
930,943
Investments
6
20,400
20,400
---------
---------
796,622
951,343
Current assets
Debtors
7
1,969,200
1,758,648
Cash at bank and in hand
108,143
112,809
------------
------------
2,077,343
1,871,457
Creditors: amounts falling due within one year
8
351,725
266,811
------------
------------
Net current assets
1,725,618
1,604,646
------------
------------
Total assets less current liabilities
2,522,240
2,555,989
Creditors: amounts falling due after more than one year
9
52,811
256,228
Provisions
Taxation including deferred tax
113,883
65,911
------------
------------
Net assets
2,355,546
2,233,850
------------
------------
Capital and reserves
Called up share capital
20,401
20,401
Revaluation reserve
232,975
232,975
Profit and loss account
2,102,170
1,980,474
------------
------------
Shareholders funds
2,355,546
2,233,850
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Barwick Plant Holdings Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 17 June 2025 , and are signed on behalf of the board by:
P J Quick
Director
Company registration number: 13548168
Barwick Plant Holdings Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for the hire of plant and management services rendered, stated net of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% reducing balance
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 2 ).
5. Tangible assets
Freehold property
Plant and machinery
Total
£
£
£
Cost
At 1 July 2023
1,199,101
1,199,101
Additions
105,046
852
105,898
---------
------------
------------
At 30 June 2024
105,046
1,199,953
1,304,999
---------
------------
------------
Depreciation
At 1 July 2023
268,158
268,158
Charge for the year
232,949
232,949
Impairment losses
27,670
27,670
---------
------------
------------
At 30 June 2024
27,670
501,107
528,777
---------
------------
------------
Carrying amount
At 30 June 2024
77,376
698,846
776,222
---------
------------
------------
At 30 June 2023
930,943
930,943
---------
------------
------------
6. Investments
Shares in participating interests
£
Cost
At 1 July 2023 and 30 June 2024
20,400
--------
Impairment
At 1 July 2023 and 30 June 2024
--------
Carrying amount
At 30 June 2024
20,400
--------
At 30 June 2023
20,400
--------
7. Debtors
2024
2023
£
£
Trade debtors
139,044
100,404
Amounts owed by group undertakings and undertakings in which the company has a participating interest
774,054
1,535,054
Other debtors
1,056,102
123,190
------------
------------
1,969,200
1,758,648
------------
------------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
22,772
13,120
Corporation tax
78,631
Social security and other taxes
45,155
48,185
Other creditors
205,167
205,506
---------
---------
351,725
266,811
---------
---------
Included in other creditors are hire purchase agreements of £203,417 (2023: £203,756) which are secured on the assets to which they relate.
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
52,811
256,228
--------
---------
Included in other creditors are hire purchase agreements of £52,811 (2023: £256,228) which are secured on the assets to which they relate.
10. Events after the end of the reporting period
After the year end, the company disposed of the shares held in participating interests.
11. Director's advances, credits and guarantees
During the year the director was advanced £30,721 (2023: £123,088) and made repayments of £6,638. Interest was charged on this loan amounting to £3,293 (2023: £102).
12. Related party transactions
At the balance sheet date, the director owed the company £152,165 (2023: £123,190). At the balance sheet date, the company was owed £392,903 by shareholders of the company. At the balance sheet date, the company was owed £422,313 by the estate of a former director. At the balance sheet date, the company was owed £913,098 (2023: £1,535,054) by companies under common control.