Higgs And Barker Limited

Registered Number: 00918619 Higgs And Barker Limited
Statement of Financial Position
As at 31 December 2024

	Notes	2024 £	2023 £
Fixed assets
Tangible fixed assets	3	1,276,304	1,282,054
		1,276,304	1,282,054
Current assets
Stocks	4	400,070	555,197
Debtors	5	38,432	9,677
Cash at bank and in hand		31,734	1,111
		470,236	565,985
Creditors: amount falling due within one year	6	(252,357)	(249,079)
Net current assets		217,879	316,906

Total assets less current liabilities		1,494,183	1,598,960
Net assets		1,494,183	1,598,960

Capital and reserves
Called up share capital		1,000	1,000
Share premium account	7	4,000	4,000
Revaluation Reserves	8	494,110	494,110
Profit and loss account		995,073	1,099,850
Shareholders' funds		1,494,183	1,598,960

For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The financial statements were approved by the board of directors on 09 September 2025 and were signed on its behalf by:

-------------------------------
Richard Barker
Director

Higgs And Barker Limited
Notes to the Financial Statements
For the year ended 31 December 2024

General Information

Higgs And Barker Limited is a private company, limited by shares, registered in England and Wales, registration number 00918619, registration address 52 Quay Road Bridlington , Bridlington, Yorks, YO16 4HX.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	0% Reducing Balance
Plant and Machinery	10% Reducing Balance
Fixtures and Fittings	25% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 13 (2023 : 12).

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Fixtures and Fittings	Total
	£	£	£	£
At 01 January 2024	1,259,009	201,181	118,843	1,579,033
Additions	-	-	-	-
Disposals	-	-	-	-
At 31 December 2024	1,259,009	201,181	118,843	1,579,033
Depreciation
At 01 January 2024	-	178,157	118,822	296,979
Charge for year	-	5,750	-	5,750
On disposals	-	-	-	-
At 31 December 2024	-	183,907	118,822	302,729
Net book values
Closing balance as at 31 December 2024	1,259,009	17,274	21	1,276,304
Opening balance as at 01 January 2024	1,259,009	23,024	21	1,282,054

Stocks

	2024 £		2023 £
Stocks	400,070		555,197
	400,070		555,197

Debtors: amounts falling due within one year

	2024 £	2023 £
Trade Debtors	31,348	8,836
Prepayments & Accrued Income	7,084	841
	38,432	9,677

Creditors: amount falling due within one year

	2024 £	2023 £
Trade Creditors	122,268	126,242
Bank Loans & Overdrafts	0	2,236
Corporation Tax	0	1,925
PAYE & Social Security	33,139	24,515
Accrued Expenses	10,148	7,359
Directors' Current Accounts	86,802	86,802
	252,357	249,079

Share premium account

	2024 £		2023 £
Equity Share Premium b/fwd	4,000		4,000
	4,000		4,000

Revaluation Reserves

	2024 £		2023 £
Revaluation Reserve b/fwd	494,110		494,110
	494,110		494,110

Registered Number: 00918619
England and Wales
Unaudited Financial Statements

for the year ended 31 December 2024
for
HIGGS AND BARKER LIMITED