IRIS Accounts Production v25.1.4.42 02791270 Board of Directors 31.10.24 1.11.23 31.10.24 31.10.24 Medium entities These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. The principal activity of the group in the year under review was rental of commercial property and bespoke packaging true true true false true true false false false true false Fair value model Ordinary A Shares 1.00000 Ordinary B Shares 1.00000 Ordinary C Shares 1.00000 Ordinary A1 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh027912702023-10-31027912702024-10-31027912702023-11-012024-10-31027912702022-10-31027912702022-11-012023-10-31027912702023-10-3102791270ns15:EnglandWales2023-11-012024-10-3102791270ns14:PoundSterling2023-11-012024-10-3102791270ns10:Director12023-11-012024-10-3102791270ns10:Consolidated2024-10-3102791270ns10:ConsolidatedGroupCompanyAccounts2023-11-012024-10-3102791270ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3102791270ns10:Consolidatedns10:MediumEntities2023-11-012024-10-3102791270ns10:Consolidatedns10:Audited2023-11-012024-10-3102791270ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-11-012024-10-3102791270ns10:Medium-sizedCompaniesRegimeForAccounts2023-11-012024-10-3102791270ns10:Consolidated2023-11-012024-10-3102791270ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-11-012024-10-3102791270ns10:Consolidatedns10:Medium-sizedCompaniesRegimeForAccounts2023-11-012024-10-3102791270ns10:FullAccounts2023-11-012024-10-3102791270ns5:Subsidiary12023-11-012024-10-3102791270ns10:OrdinaryShareClass12023-11-012024-10-3102791270ns10:OrdinaryShareClass22023-11-012024-10-3102791270ns10:OrdinaryShareClass32023-11-012024-10-3102791270ns10:OrdinaryShareClass42023-11-012024-10-3102791270ns10:Director22023-11-012024-10-3102791270ns10:Director32023-11-012024-10-3102791270ns10:CompanySecretary12023-11-012024-10-3102791270ns10:RegisteredOffice2023-11-012024-10-3102791270ns10:Consolidated2022-11-012023-10-3102791270ns5:CurrentFinancialInstruments2024-10-3102791270ns5:CurrentFinancialInstruments2023-10-3102791270ns5:Non-currentFinancialInstruments2024-10-3102791270ns5:Non-currentFinancialInstruments2023-10-3102791270ns5:ShareCapital2024-10-3102791270ns5:ShareCapital2023-10-3102791270ns5:SharePremium2024-10-3102791270ns5:SharePremium2023-10-3102791270ns5:RevaluationReserve2024-10-3102791270ns5:RevaluationReserve2023-10-3102791270ns5:RetainedEarningsAccumulatedLosses2024-10-3102791270ns5:RetainedEarningsAccumulatedLosses2023-10-3102791270ns5:ShareCapital2022-10-3102791270ns5:RetainedEarningsAccumulatedLosses2022-10-3102791270ns5:SharePremium2022-10-3102791270ns5:RevaluationReserve2022-10-3102791270ns5:RetainedEarningsAccumulatedLosses2022-11-012023-10-3102791270ns5:RevaluationReserve2022-11-012023-10-3102791270ns5:RetainedEarningsAccumulatedLosses2023-11-012024-10-3102791270ns5:RevaluationReserve2023-11-012024-10-3102791270ns5:LongLeaseholdAssetsns5:LandBuildings2023-11-012024-10-3102791270ns5:PlantMachinery2023-11-012024-10-3102791270ns5:MotorVehicles2023-11-012024-10-3102791270ns5:ComputerEquipment2023-11-012024-10-3102791270ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-3102791270ns5:PlantMachinery2023-10-3102791270ns5:MotorVehicles2023-10-3102791270ns5:LongLeaseholdAssetsns5:LandBuildings2024-10-3102791270ns5:PlantMachinery2024-10-3102791270ns5:MotorVehicles2024-10-3102791270ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-3102791270ns5:PlantMachinery2023-10-3102791270ns5:MotorVehicles2023-10-3102791270ns5:CostValuation2023-10-31027912701ns5:Subsidiary12023-11-012024-10-3102791270ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3102791270ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3102791270ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-10-3102791270ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-10-3102791270ns5:Secured2024-10-3102791270ns5:Secured2023-10-3102791270ns5:DeferredTaxation2023-10-3102791270ns5:DeferredTaxation2024-10-3102791270ns10:OrdinaryShareClass12024-10-3102791270ns10:OrdinaryShareClass22024-10-3102791270ns10:OrdinaryShareClass32024-10-3102791270ns10:OrdinaryShareClass42024-10-3102791270ns5:RetainedEarningsAccumulatedLosses2023-10-3102791270ns5:SharePremium2023-10-3102791270ns5:RevaluationReserve2023-10-31
REGISTERED NUMBER: 02791270 (England and Wales)















GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

BARTLETTS TRANSPORT AND WAREHOUSES LTD

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)






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




Page

Company Information 1

Group Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Consolidated Income Statement 7

Consolidated Other Comprehensive Income 8

Consolidated Balance Sheet 9

Company Balance Sheet 10

Consolidated Statement of Changes in Equity 11

Company Statement of Changes in Equity 12

Consolidated Cash Flow Statement 13

Notes to the Consolidated Cash Flow Statement 14

Notes to the Consolidated Financial Statements 15


BARTLETTS TRANSPORT AND WAREHOUSES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: B R Bartlett
G D Bartlett
Ms R L Burns





SECRETARY: Ms R L Burns





REGISTERED OFFICE: Old Bank
The Triangle
Paulton
Bristol
BS39 7LE





REGISTERED NUMBER: 02791270 (England and Wales)





AUDITORS: Peregrine Accountants and Business Advisers Ltd
(Statutory Auditors)
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

GROUP STRATEGIC REPORT
FOR THE YEAR ENDED 31 OCTOBER 2024

The directors present their strategic report of the company and the group for the year ended 31 October 2024.

The group companies provide wholesale packaging services and hold a number of commercial investment properties.

REVIEW OF BUSINESS
The group has seen a steady increase in turnover and profitability, driven by increased automation within the trading subsidiary, with less emphasis on seasonal product lines.

The company plans on making considerable investment in renewable energy sources for their operating premises in the coming year which will help protect them from future fluctuations in energy prices.

PRINCIPAL RISKS AND UNCERTAINTIES
The group has reviewed it's exposure to possible risk and uncertainties. Energy price fluctuations has been a significant consideration in the year and continues to have a level of uncertainty going forwards. The company has mitigated this risk by investing in renewable energy sources and will be making considerable investment in the coming year.

labour shortages have continued to be a factor across the industry. The company has mitigated this by investing in addition plant to improve automation and have moved away from seasonal labour intensive contracts

GROUP PERFORMANCE
The profit margin has slightly reduced 2024: 59% (2023: 55%), partly as a result of reduced energy costs The trading company expects to continue growing steadily and will be looking to expand the business in the next year.The parent company's income from investment properties remains stable with it's properties let on long term leases and well established and financially stable businesses.

ON BEHALF OF THE BOARD:





B R Bartlett - Director


7 July 2025

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 OCTOBER 2024

The directors present their report with the financial statements of the company and the group for the year ended 31 October 2024.

DIVIDENDS
An interim dividend of £1950 per share was paid on the Ordinary C Shares 1 shares on 15 November 2023. No dividends were paid on any other classes of shares.

The total distribution of dividends for the year ended 31 October 2024 will be £ 673,996 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2023 to the date of this report.

B R Bartlett
G D Bartlett
Ms R L Burns

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Peregrine Accountants and Business Advisers Ltd, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





B R Bartlett - Director


7 July 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BARTLETTS TRANSPORT AND WAREHOUSES LTD

Opinion
We have audited the financial statements of Bartletts Transport and Warehouses Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 October 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 31 October 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BARTLETTS TRANSPORT AND WAREHOUSES LTD


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud, and considered potential financial or other pressures, opportunity and motivations for fraud.

Procedures included:

- The review of the internal controls established to mitigate risks related to fraud or noncompliance with laws and regulations and how management monitor these processes.

- The review and testing of manual journals and key estimates and judgements made by management. And
consideration of the risk of management bias or override of controls.

- The review of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to these laws and regulations could give rise to a material misstatement in the financial statements. And inquiries of management with as to the compliance with the above laws and regulations, corroborating any necessary evidence to relevant information.

- Testing was carried out testing on a random sample bias and any unusual findings were discussed with the directors.

We did not identify any key audit matters relating to irregularities, including fraud.

There are inherent limitations in the audit procedures performed, and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it. Also the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BARTLETTS TRANSPORT AND WAREHOUSES LTD


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Nicholas Miles (Senior Statutory Auditor)
for and on behalf of Peregrine Peregrine Accountants and Business Advisers Ltd
(Statutory Auditors)
Old Bank
The Triangle
Paulton
Bristol
BS39 7LE

7 July 2025

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

CONSOLIDATED
INCOME STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2024

2024 2023
Notes £    £    £    £   

TURNOVER 6,644,808 5,581,067

Cost of sales 2,677,227 2,512,461
GROSS PROFIT 3,967,581 3,068,606

Distribution costs 29,871 35,292
Administrative expenses 1,336,288 1,071,242
1,366,159 1,106,534
OPERATING PROFIT 4 2,601,422 1,962,072

Interest receivable and similar income 166,592 125,798
2,768,014 2,087,870
Gain/loss on revaluation of investment
property

260,081

2,662,075
3,028,095 4,749,945

Interest payable and similar expenses 5 319,624 282,170
PROFIT BEFORE TAXATION 2,708,471 4,467,775

Tax on profit 6 1,085,027 989,629
PROFIT FOR THE FINANCIAL YEAR 1,623,444 3,478,146
Profit attributable to:
Owners of the parent 1,623,444 3,478,146

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

CONSOLIDATED
OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 OCTOBER 2024

2024 2023
Notes £    £   

PROFIT FOR THE YEAR 1,623,444 3,478,146


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

1,623,444

3,478,146

Total comprehensive income attributable to:
Owners of the parent 1,623,444 3,478,146

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

CONSOLIDATED BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 2,683,889 2,662,083
Investments 10 - -
Investment property 11 16,265,081 16,005,000
18,948,970 18,667,083

CURRENT ASSETS
Stocks 12 130,391 97,374
Debtors 13 2,076,866 1,725,666
Cash at bank and in hand 2,738,735 4,683,410
4,945,992 6,506,450
CREDITORS
Amounts falling due within one year 14 1,493,501 1,198,039
NET CURRENT ASSETS 3,452,491 5,308,411
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,401,461

23,975,494

CREDITORS
Amounts falling due after more than one
year

15

(1,500,000

)

(4,500,000

)

PROVISIONS FOR LIABILITIES 19 (1,747,123 ) (1,270,604 )
NET ASSETS 19,154,338 18,204,890

CAPITAL AND RESERVES
Called up share capital 20 8,200 8,200
Share premium 21 50 50
Non distributable P&L reserve 21 8,976,232 8,716,151
Retained earnings 21 10,169,856 9,480,489
SHAREHOLDERS' FUNDS 19,154,338 18,204,890

The financial statements were approved by the Board of Directors and authorised for issue on 7 July 2025 and were signed on its behalf by:





B R Bartlett - Director


BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

COMPANY BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 2,315,556 2,331,603
Investments 10 250 250
Investment property 11 16,265,081 16,005,000
18,580,887 18,336,853

CURRENT ASSETS
Debtors 13 80,260 106,301
Cash at bank 1,217,237 3,947,254
1,297,497 4,053,555
CREDITORS
Amounts falling due within one year 14 365,213 408,913
NET CURRENT ASSETS 932,284 3,644,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,513,171

21,981,495

CREDITORS
Amounts falling due after more than one
year

15

(1,500,000

)

(4,500,000

)

PROVISIONS FOR LIABILITIES 19 (1,677,469 ) (1,208,575 )
NET ASSETS 16,335,702 16,272,920

CAPITAL AND RESERVES
Called up share capital 20 8,200 8,200
Share premium 21 50 50
Non distributable P&L reserve 21 8,976,232 8,716,151
Retained earnings 21 7,351,220 7,548,519
SHAREHOLDERS' FUNDS 16,335,702 16,272,920

Company's profit for the financial year 736,778 2,974,908

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:





B R Bartlett - Director


BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2024

Non
Called up distributable
share Retained Share P&L Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 November 2022 8,200 8,916,503 50 6,586,491 15,511,244

Changes in equity
Dividends - (784,500 ) - - (784,500 )
Total comprehensive income - 1,348,486 - 2,129,660 3,478,146
Balance at 31 October 2023 8,200 9,480,489 50 8,716,151 18,204,890

Changes in equity
Dividends - (673,996 ) - - (673,996 )
Total comprehensive income - 1,363,363 - 260,081 1,623,444
Balance at 31 October 2024 8,200 10,169,856 50 8,976,232 19,154,338

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 OCTOBER 2024

Non
Called up distributable
share Retained Share P&L Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 November 2022 8,200 7,487,771 50 6,586,491 14,082,512

Changes in equity
Dividends - (784,500 ) - - (784,500 )
Total comprehensive income - 845,248 - 2,129,660 2,974,908
Balance at 31 October 2023 8,200 7,548,519 50 8,716,151 16,272,920

Changes in equity
Dividends - (673,996 ) - - (673,996 )
Total comprehensive income - 476,697 - 260,081 736,778
Balance at 31 October 2024 8,200 7,351,220 50 8,976,232 16,335,702

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 2,417,234 2,058,846
Interest paid (319,624 ) (282,170 )
Tax paid (423,819 ) (336,334 )
Net cash from operating activities 1,673,791 1,440,342

Cash flows from investing activities
Purchase of tangible fixed assets (110,902 ) (232,683 )
Interest received 166,592 125,798
Net cash from investing activities 55,690 (106,885 )

Cash flows from financing activities
Loan repayments in year (3,000,000 ) -
Amount withdrawn by directors (160 ) 335,902
Equity dividends paid (673,996 ) (784,500 )
Net cash from financing activities (3,674,156 ) (448,598 )

(Decrease)/increase in cash and cash equivalents (1,944,675 ) 884,859
Cash and cash equivalents at beginning
of year

2

4,683,410

3,798,551

Cash and cash equivalents at end of year 2 2,738,735 4,683,410

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

NOTES TO THE CONSOLIDATED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 OCTOBER 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 2,708,471 4,467,775
Depreciation charges 89,096 79,495
Gain on revaluation of fixed assets (260,081 ) (2,662,075 )
Finance costs 319,624 282,170
Finance income (166,592 ) (125,798 )
2,690,518 2,041,567
(Increase)/decrease in stocks (33,017 ) 20,802
Increase in trade and other debtors (351,200 ) (157,758 )
Increase in trade and other creditors 110,933 154,235
Cash generated from operations 2,417,234 2,058,846

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 October 2024
31.10.24 1.11.23
£    £   
Cash and cash equivalents 2,738,735 4,683,410
Year ended 31 October 2023
31.10.23 1.11.22
£    £   
Cash and cash equivalents 4,683,410 3,798,551


3. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.11.23 Cash flow At 31.10.24
£    £    £   
Net cash
Cash at bank and in hand 4,683,410 (1,944,675 ) 2,738,735
4,683,410 (1,944,675 ) 2,738,735
Debt
Debts falling due after 1 year (4,500,000 ) 3,000,000 (1,500,000 )
(4,500,000 ) 3,000,000 (1,500,000 )
Total 183,410 1,055,325 1,238,735

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

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

1. STATUTORY INFORMATION

Bartletts Transport and Warehouses Ltd 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 General 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" 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 shown in the profit and loss represents amounts invoiced in the period for the trading company and rents receivable for the parent company

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Plant and machinery - 25% on reducing balance and 10% on cost
Motor Vehicles - 25% on reducing balance and 20% on cost
Equipment - 33% on cost and 15% on reducing balance

Freehold property is recognised at deemed cost at transition to FRS102

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated 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.

Pension costs and other post-retirement benefits
The group operates a defined contribution pension scheme. Contributions payable to the group's pension scheme are charged to profit or loss in the period to which they relate.

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

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

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 2,097,833 1,721,646
Other pension costs 47,000 25,972
2,144,833 1,747,618

The average number of employees during the year was as follows:
2024 2023

Employees and directors 124 90

2024 2023
£    £   
Directors' remuneration - -

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 89,096 79,495
Auditors' remuneration for non audit work 45,762 42,585

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 319,624 282,170

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 608,508 418,762

Deferred tax 476,519 570,867
Tax on profit 1,085,027 989,629

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

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

6. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 2,708,471 4,467,775
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 19 %)

677,118

848,877

Effects of:
Capital allowances in excess of depreciation (68,610 ) (13,820 )
Utilisation of tax losses - (416,295 )
Deferred tax adjustment 476,519 570,867
purposes
Total tax charge 1,085,027 989,629

7. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income of the parent company is not presented as part of these financial statements.


8. DIVIDENDS
2024 2023
£    £   
Ordinary A Shares shares of £1 each
Interim 241,000 488,500
Ordinary B Shares shares of £1 each
Interim 1,638 -
Ordinary C Shares shares of 1 each
Interim 390,000 260,000
Ordinary A1 shares of £1 each
Interim 41,358 36,000
673,996 784,500

9. TANGIBLE FIXED ASSETS

Group
Freehold Plant and Motor
property machinery Vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 2,243,701 2,055,998 725 43,673 4,344,097
Additions - 96,894 12,729 1,279 110,902
At 31 October 2024 2,243,701 2,152,892 13,454 44,952 4,454,999
DEPRECIATION
At 1 November 2023 96,321 1,542,779 725 42,189 1,682,014
Charge for year - 84,004 3,182 1,910 89,096
At 31 October 2024 96,321 1,626,783 3,907 44,099 1,771,110
NET BOOK VALUE
At 31 October 2024 2,147,380 526,109 9,547 853 2,683,889
At 31 October 2023 2,147,380 513,219 - 1,484 2,662,083

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

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

9. TANGIBLE FIXED ASSETS - continued

Company
Freehold Plant and Motor
property machinery Vehicles Totals
£    £    £    £   
COST
At 1 November 2023 2,147,380 338,001 - 2,485,381
Additions - - 12,729 12,729
At 31 October 2024 2,147,380 338,001 12,729 2,498,110
DEPRECIATION
At 1 November 2023 - 153,778 - 153,778
Charge for year - 25,594 3,182 28,776
At 31 October 2024 - 179,372 3,182 182,554
NET BOOK VALUE
At 31 October 2024 2,147,380 158,629 9,547 2,315,556
At 31 October 2023 2,147,380 184,223 - 2,331,603

10. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 November 2023
and 31 October 2024 250
NET BOOK VALUE
At 31 October 2024 250
At 31 October 2023 250

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiary

Labelling & Packaging Services Limited
Registered office: Unit 18/20, Brue Avenue, Bridgwater, Somerset. TA6 5LT
Nature of business: Industrial labelling and packaging.
%
Class of shares: holding
Ordinary 100.00


BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

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

11. INVESTMENT PROPERTY

Group
Total
£   
FAIR VALUE
At 1 November 2023 16,005,000
Revaluations 260,081
At 31 October 2024 16,265,081
NET BOOK VALUE
At 31 October 2024 16,265,081
At 31 October 2023 16,005,000


Company
Total
£   
FAIR VALUE
At 1 November 2023 16,005,000
Revaluations 260,081
At 31 October 2024 16,265,081
NET BOOK VALUE
At 31 October 2024 16,265,081
At 31 October 2023 16,005,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2002 491,034
Valuation in 2006 2,894,303
Valuation in 2012 1,140,033
Valuation in 2014 1,003,068
Valuation in 2017 673,800
Valuation in 2018 494,100
Valuation in 2021 1,212,084
Valuation in 2023 2,662,075
Valuation in 2024 260,081
Cost 5,434,503
16,265,081

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 5,434,503 5,434,503

Investment property was valued on an open market basis on 30 September 2014 by Colliers International .

The directors, having reviewed the local market and current year property sales, consider there has been a 6% increase in commercial property values since the last professional valuation of the portfolio as a whole in 2014. The directors do not consider that there has been a material increase in value on the current year.

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

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

12. STOCKS

Group
2024 2023
£    £   
Stocks 72,676 61,872
Raw materials 57,715 35,502
130,391 97,374

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade debtors 1,657,260 1,296,232 12,892 10,000
Other debtors 56,600 85,238 55,000 85,238
Prepayments and accrued income 363,006 344,196 12,368 11,063
2,076,866 1,725,666 80,260 106,301

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Trade creditors 328,868 370,023 89,328 87,651
Tax 557,426 372,737 140,923 191,824
Social security and other taxes 39,719 30,078 3,170 1,123
VAT 303,186 222,297 60,816 58,484
Directors' current accounts 391 551 145 305
Accruals and deferred income 70,831 69,526 70,831 69,526
Accrued expenses 193,080 132,827 - -
1,493,501 1,198,039 365,213 408,913

15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
2024 2023 2024 2023
£    £    £    £   
Bank loans (see note 16) 1,500,000 4,500,000 1,500,000 4,500,000

16. LOANS

An analysis of the maturity of loans is given below:

Group Company
2024 2023 2024 2023
£    £    £    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 1,500,000 4,500,000 1,500,000 4,500,000

The lenders hold a first charge on the company's investment properties.
The loan is on an interest only basis and expires 05.12.2024

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

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

17. SECURED DEBTS

The following secured debts are included within creditors:

Company
2024 2023
£    £   
Bank loans 1,500,000 4,500,000

The bank loan £4,500,000 is secured against the investment properties.

18. FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

19. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£    £    £    £   
Deferred tax 1,747,123 1,270,604 1,677,469 1,208,575

Group
Deferred
tax
£   
Balance at 1 November 2023 1,270,604
Movement in the year 476,519
Balance at 31 October 2024 1,747,123

Company
Deferred
tax
£   
Balance at 1 November 2023 1,208,575
Adjustment in deferred tax 468,894
Balance at 31 October 2024 1,677,469

20. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
7,742 Ordinary A Shares £1 7,742 7,742
2 Ordinary B Shares £1 2 2
200 Ordinary C Shares 1 200 200
256 Ordinary A1 £1 256 256
8,200 8,200

BARTLETTS TRANSPORT AND WAREHOUSES LTD (REGISTERED NUMBER: 02791270)

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

21. RESERVES

Group
Non
distributable
Retained Share P&L
earnings premium reserve Totals
£    £    £    £   

At 1 November 2023 9,480,489 50 8,716,151 18,196,690
Profit for the year 1,623,444 1,623,444
Dividends (673,996 ) (673,996 )
Non distributable gain (260,081 ) - 260,081 -
At 31 October 2024 10,169,856 50 8,976,232 19,146,138

Company
Non
distributable
Retained Share P&L
earnings premium reserve Totals
£    £    £    £   

At 1 November 2023 7,548,519 50 8,716,151 16,264,720
Profit for the year 736,778 736,778
Dividends (673,996 ) (673,996 )
Non distributable gain (260,081 ) - 260,081 -
At 31 October 2024 7,351,220 50 8,976,232 16,327,502


22. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
B R Bartlett
Balance outstanding at start of year (551 ) 335,351
Amounts advanced 206,160 77,598
Amounts repaid (205,855 ) (413,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (246 ) (551 )

23. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B R Bartlett.