Barbour Engineering & Fabrication Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: NI687633

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		16,165		13,193
Tangible Assets	5		54,651		34,322

			70,816		47,515
CURRENT ASSETS
Stocks	6	74,233		48,470
Debtors	7	266,577		243,587
Cash at bank and in hand		164,425		142,469

		505,235		434,526
Creditors: Amounts Falling Due Within One Year	8	(189,594 )		(231,644 )

NET CURRENT ASSETS (LIABILITIES)			315,641		202,882

TOTAL ASSETS LESS CURRENT LIABILITIES			386,457		250,397

NET ASSETS			386,457		250,397

CAPITAL AND RESERVES
Called up share capital			10		10
Profit and Loss Account			386,447		250,387

SHAREHOLDERS' FUNDS			386,457		250,397

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Barbour Engineering & Fabrication Limited

Balance Sheet (continued)

As At 31 December 2024

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Darren Leslie

Director

10/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Barbour Engineering & Fabrication Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI687633 . The registered office is Units 35-37 Somerton Industrial Park, Dargan Crescent , Belfast , BT3 9JB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. Amortisation is charged at 10% Straight Line.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Straight Line
Fixtures & Fittings	20% Straight Line

2.5. Stocks and Work in Progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.6. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Barbour Engineering & Fabrication Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2023: 15)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2024	14,288
Additions	4,463

As at 31 December 2024	18,751

Amortisation
As at 1 January 2024	1,095
Provided during the period	1,491

As at 31 December 2024	2,586

Net Book Value
As at 31 December 2024	16,165

As at 1 January 2024	13,193

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 January 2024	31,420	4,457	35,877
Additions	30,849	1,199	32,048

As at 31 December 2024	62,269	5,656	67,925

Depreciation
As at 1 January 2024	1,088	467	1,555
Provided during the period	10,762	957	11,719

As at 31 December 2024	11,850	1,424	13,274

Net Book Value
As at 31 December 2024	50,419	4,232	54,651

As at 1 January 2024	30,332	3,990	34,322

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Barbour Engineering & Fabrication Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Stocks

	2024	2023
	£	£
Stock	32,578	48,470
Work in progress	41,655	-

	74,233	48,470

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	266,021	222,328
Other debtors	556	21,259

	266,577	243,587

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	73,812	86,567
Amounts owed to group undertakings	35,298	57,000
Other creditors	7,218	2,515
Taxation and social security	73,266	85,562

	189,594	231,644

9. Related Party Transactions

The company has availed of the exemption under FRS 102 in relation to the disclosure of transactions with group companies.

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