REGISTERED NUMBER: 01063650 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Barnett Confectioners Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R J Barnett

REGISTERED OFFICE:

Stansfield Street

Nottingham

Nottinghamshire

NG7 2AE

REGISTERED NUMBER:

01063650 (England and Wales)

ACCOUNTANTS:

D. K. Rumsby & Co Limited

3 Colwick Quays

Colwick

Nottingham

Nottinghamshire

NG4 2JY

FIXED ASSETS

Intangible assets

4

1,554

507

Tangible assets

5

214,533

195,641

216,087

196,148

CURRENT ASSETS

Stocks

17,630

25,129

Debtors

6

49,430

79,128

Cash at bank and in hand

364,509

336,517

431,569

440,774

CREDITORS

Amounts falling due within one year

7

(127,658

)

(160,564

)

NET CURRENT ASSETS

303,911

280,210

TOTAL ASSETS LESS CURRENT LIABILITIES

519,998

476,358

PROVISIONS FOR LIABILITIES

(25,852

)

(17,180

)

NET ASSETS

494,146

459,178

CAPITAL AND RESERVES

Called up share capital

8

18,002

18,002

Revaluation reserve

9

77,861

77,861

Retained earnings

398,283

363,315

SHAREHOLDERS' FUNDS

494,146

459,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 July 2025 and were signed by:

R J Barnett - Director

1.	STATUTORY INFORMATION

Barnett Confectioners Limited 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.	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" including the provisions of Section 1A "Small Entities" 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible fixed assets

Trademarks are shown at acquisition cost and have been written off over their estimated economic life of 15 years.

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

-

1% on cost

Improvements to property

-

1% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

33% on reducing balance and 10% on reducing balance

Motor vehicles

-

33% on reducing balance

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 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.

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.

Government grants

Government grants are recognised when they are received using the performance method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

12,550

Additions

1,130

At 31 December 2024

13,680

AMORTISATION

At 1 January 2024

12,043

Charge for year

83

At 31 December 2024

12,126

NET BOOK VALUE

At 31 December 2024

1,554

At 31 December 2023

507

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

176,000

441,280

617,280

Additions

-

37,297

37,297

At 31 December 2024

176,000

478,577

654,577

DEPRECIATION

At 1 January 2024

61,561

360,078

421,639

Charge for year

1,760

16,645

18,405

At 31 December 2024

63,321

376,723

440,044

NET BOOK VALUE

At 31 December 2024

112,679

101,854

214,533

At 31 December 2023

114,439

81,202

195,641

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 1989

117,632

-

117,632

Cost

58,368

478,577

536,945

176,000

478,577

654,577

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

58,368

58,368

Aggregate depreciation

20,029

20,029

Value of land in freehold land and buildings

38,339

38,339

Freehold land and buildings were valued on an open market basis on 31 December 1989 by the director .

At 31 December 2024 the director considers this valuation adequate.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

36,490

66,061

Other debtors

12,940

13,067

49,430

79,128

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

54,751

64,872

Taxation and social security

62,199

70,349

Other creditors

10,708

25,343

127,658

160,564

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

17,002

Ordinary 'A'

£1

17,002

17,002

1,000

Ordinary 'B'

£1

1,000

1,000

18,002

18,002

9.

RESERVES

Revaluatio

reserve

£

At 1 January 2024

and 31 December 2024

77,861