Company registration number 01226016 (England and Wales)
BARRIER LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
BARRIER LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 7
BARRIER LIMITED
BALANCE SHEET
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
32,400
37,800
Tangible assets
4
591,378
565,736
Investments
5
4
4
623,782
603,540
Current assets
Stocks
-
22,500
Debtors
6
2,124,140
2,068,218
Cash at bank and in hand
170,156
172,212
2,294,296
2,262,930
Creditors: amounts falling due within one year
7
(1,223,474)
(1,073,736)
Net current assets
1,070,822
1,189,194
Total assets less current liabilities
1,694,604
1,792,734
Creditors: amounts falling due after more than one year
8
(144,585)
(259,846)
Net assets
1,550,019
1,532,888
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
1,549,019
1,531,888
Total equity
1,550,019
1,532,888

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 July 2025 and are signed on its behalf by:
Mr DA Alderson
Director
Company registration number 01226016 (England and Wales)
BARRIER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information

Barrier Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pearl Buildings, Stephenson Street, Willington Quay, Wallsend, Tyne and Wear, NE28 6UE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 400 of the Companies Act 2006 not to prepare consolidated accounts. The financial statements present information about the company as an individual entity and not about its group.

 

Barrier Limited is a wholly owned subsidiary of Barrier Group Limited and the results of Barrier Limited are included in the consolidated financial statements of Barrier Group Limited which are available from Pearl Buildings, Stephenson Street, Willington Quay, Wallsend, Tyne and Wear.

1.2
Turnover

Turnover on long-term contracts is recognised as contract activity progresses.

1.3
Intangible fixed assets other than goodwill

Intangible assets are measured at cost less accumulated amortisation and accumulated impairment losses.

 

Patents and licenses are being amortised evenly over their estimated useful life of ten years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Land not depreciated
Plant and equipment
at varying rates on cost
Motor vehicles
25% on reducing balance

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.

BARRIER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
Stocks

Stocks and work in progress, other than long term contracts, are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

 

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.10

Amounts recoverable on contract

Amounts recoverable on contracts represent turnover which has not yet been invoiced to customers on long-term contracts. Amounts in respect of contracts included in turnover, net of payments received on account separately disclosed within debtors. Cash received in excess of the value of work done is shown in creditors as payments on account.

 

Profits are recognised on long-term contracts where the final outcome can be assessed with reasonable certainty. Full provision is made for all known or anticipated losses on each contract immediately such losses are forecast.

BARRIER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
1
Accounting policies
(Continued)
- 4 -
1.11

Short-term debtors and creditors

Debtors and creditors with no interest rate which are receivable or payable within one year are recorded at transaction price. Any loss arising from impairment are recognised immediately in profit and loss.

1.12

Loans and borrowings

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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
29
63
3
Intangible fixed assets
Other
£
Cost
At 1 November 2023 and 31 October 2024
54,000
Amortisation and impairment
At 1 November 2023
16,200
Amortisation charged for the year
5,400
At 31 October 2024
21,600
Carrying amount
At 31 October 2024
32,400
At 31 October 2023
37,800
BARRIER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 5 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2023
377,357
1,275,671
1,653,028
Additions
10,740
51,000
61,740
Disposals
-
0
(64,844)
(64,844)
At 31 October 2024
388,097
1,261,827
1,649,924
Depreciation and impairment
At 1 November 2023
-
0
1,087,292
1,087,292
Depreciation charged in the year
-
0
11,659
11,659
Eliminated in respect of disposals
-
0
(40,405)
(40,405)
At 31 October 2024
-
0
1,058,546
1,058,546
Carrying amount
At 31 October 2024
388,097
203,281
591,378
At 31 October 2023
377,357
188,379
565,736
5
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
4
4
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
511,398
725,532
Amounts owed by group undertakings
1,095,077
908,251
Other debtors
1,079
-
0
Prepayments and accrued income
135,733
45,719
1,743,287
1,679,502
Deferred tax asset
380,853
388,716
2,124,140
2,068,218
BARRIER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 6 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Obligations under finance leases
-
0
6,099
Other borrowings
114,246
112,996
Trade creditors
846,221
112,925
Amounts owed to group undertakings
-
0
219,287
Taxation and social security
158,174
296,742
Other creditors
66,115
82,297
Accruals and deferred income
38,718
243,390
1,223,474
1,073,736
8
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Obligations under finance leases
-
0
1,016
Other borrowings
144,585
258,830
144,585
259,846
9
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

Senior Statutory Auditor:
Michael T Moran BA FCA
Statutory Auditor:
Robson Laidler Accountants Limited
Date of audit report:
17 July 2025
BARRIER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2024
- 7 -
10
Related party transactions

The company has taken advantage of exemption under the terms of Financial Reporting Standard 102 ;The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

 

Related party transactions with non group companies in which the company's directors have an interest were as follows:

 

Included within creditors at the year end is a pension fund balance of £258,830 (2023: £371,826) owed to a pension scheme controlled by one of the directors

 

During the year the company paid rent of £50,000 (2023: £50,000) to E Bowles and A Nightingale, directors of the company.

11
Parent company

Barrier Group Limited is the parent undertaking of the group within which Barrier Limited belongs. The registered address of the parent company is the same as that of the subsidiary.

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