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REGISTERED NUMBER: 13888471 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2025

for

BARCINO MEATS LTD

BARCINO MEATS LTD (REGISTERED NUMBER: 13888471)

Contents of the Financial Statements
for the Year Ended 28 February 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARCINO MEATS LTD

Company Information
for the Year Ended 28 February 2025







Directors: J Latham
J Hamer
P J Perez Sanz





Secretary: J Latham





Registered office: 69 Queen Street
Wigan
United Kingdom
Greater Manchester
WN3 4HX





Registered number: 13888471 (England and Wales)





Accountants: S&W Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN

BARCINO MEATS LTD (REGISTERED NUMBER: 13888471)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 5 537 1,536

Current assets
Debtors 6 1,767,075 1,543,214
Cash at bank 207,486 85,524
1,974,561 1,628,738
Creditors
Amounts falling due within one year 7 942,280 898,857
Net current assets 1,032,281 729,881
Total assets less current liabilities 1,032,818 731,417

Provisions for liabilities 134 384
Net assets 1,032,684 731,033

Capital and reserves
Called up share capital 9 100 100
Share premium 99,900 99,900
Retained earnings 932,684 631,033
Shareholders' funds 1,032,684 731,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

BARCINO MEATS LTD (REGISTERED NUMBER: 13888471)

Balance Sheet - continued
28 February 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by:





J Latham - Director


BARCINO MEATS LTD (REGISTERED NUMBER: 13888471)

Notes to the Financial Statements
for the Year Ended 28 February 2025


1. Statutory information

Barcino Meats 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 Company Information page.

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods). the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Depreciation Rates

Computer Equipment 33% Straight Line
Fixtures & Fittings 20 Years 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.

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.


BARCINO MEATS LTD (REGISTERED NUMBER: 13888471)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


3. Accounting policies - continued
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that 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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as a n expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

4. Employees and directors

The average number of employees during the year was 4 (2024 - 4 ) .

BARCINO MEATS LTD (REGISTERED NUMBER: 13888471)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


5. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 March 2024 371 3,293 3,664
Additions - 168 168
Disposals - (79 ) (79 )
At 28 February 2025 371 3,382 3,753
Depreciation
At 1 March 2024 74 2,054 2,128
Charge for year 59 1,104 1,163
Eliminated on disposal - (75 ) (75 )
At 28 February 2025 133 3,083 3,216
Net book value
At 28 February 2025 238 299 537
At 29 February 2024 297 1,239 1,536

6. Debtors: amounts falling due within one year
2025 2024
£    £   
Trade debtors 1,446,610 1,448,609
Other debtors 320,465 94,605
1,767,075 1,543,214

Included within other debtors are amounts retained under invoice discounting agreements of £6,004 (2024: creditor of £477,903).

7. Creditors: amounts falling due within one year
2025 2024
£    £   
Trade creditors 764,378 282,601
Corporation tax 170,150 127,032
Social security and other taxes 4,351 4,035
Other creditors - 477,903
Accruals and deferred income 3,401 7,286
942,280 898,857

BARCINO MEATS LTD (REGISTERED NUMBER: 13888471)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025


8. Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial Instruments are recognised in the company's balance sheet 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity Instruments
Equity instruments issued by the company are recorded at the 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.

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
50 Ordinary A Shares 1 50 50
50 Ordinary B Shares 1 50 50
100 100