Accounts



















	WRAG BARN MANAGEMENT LTD



	UNAUDITED FINANCIAL STATEMENTS


	FOR THE YEAR ENDED 31 JANUARY 2025

	WRAG BARN MANAGEMENT LTD
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 JANUARY 2025


	DIRECTORS

	Mr T Manners
	Mrs V F Manners
	Mr M Smith
	Mr D J Callister
	Mr C Manners


	SECRETARY

	Mrs V F Manners

	REGISTERED OFFICE

	Shrivenham Road Highworth Swindon SN6 7QQ


	COMPANY REGISTERED NUMBER

	06773216


	BANKERS

	Nat West Bank plc


	ACCOUNTANTS

	Christopher Dean & Co
	Chartered Accountants
	Ivy Cottage, Bakers Lane, Tadmarton, Banbury, Oxon, OX15 5TB


	CONTENTS

	Pages


	2-3	Statement of Financial Position


	4-7	Notes to the Financial Statements

	page 1

WRAG BARN MANAGEMENT LTD
Company registered number: 06773216
STATEMENT OF FINANCIAL POSITION AT 31 January 2025

	Note	2025		2024
		£	£	£
FIXED ASSETS
Property, plant and equipment	3		75,285	60,318
CURRENT ASSETS
Inventories		13,342		11,898
Debtors	4	205,833		111,286
Cash at bank and in hand		556,520		390,336
		775,695		513,520
CREDITORS: Amounts falling due within one year	5	881,398		665,559
NET CURRENT LIABILITIES			(105,703)	(152,039)
NET LIABILITIES			(£30,418)	(£91,721)

CAPITAL AND RESERVES
Called up share capital			100	100
Retained earnings			(30,518)	(91,821)
SHAREHOLDERS' FUNDS			(£30,418)	(£91,721)

	The notes on pages 4-7 form part of these financial statements

	page 2

WRAG BARN MANAGEMENT LTD
Company registered number: 06773216
STATEMENT OF FINANCIAL POSITION AT 31 January 2025 (CONT.)

	Note	2025		2024
		£	£	£



	In approving these financial statements as directors of the company we hereby confirm the following:

	For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

	The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with section 476 of the Companies Act 2006.

	The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.


	These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies

	In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

	The financial statements were approved and authorised for issue by the board of directors on 16 October 2025

	Signed on behalf of the board of directors



	Mr T Manners, Director

	The notes on pages 4-7 form part of these financial statements

	page 3

	WRAG BARN MANAGEMENT LTD
	NOTES TO THE ACCOUNTS
	FOR THE YEAR ENDED 31 JANUARY 2025



1.	SIGNIFICANT ACCOUNTING POLICIES


1a.	Statement of compliance

	Wrag Barn Management Ltd is a company limited by shares incorporated in England within the United Kingdom.

	Registered office:
	Shrivenham Road Highworth Swindon SN6 7QQ

1b	Basis of accounting

	These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
	The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.


1c.	Revenue recognition

	Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.


1d.	Taxation


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


1e.	Property, plant and equipment

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

	Plant and machinery	Reducing balance 33%


1f.	Inventories

	Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.

	The notes on pages 4-7 form part of these financial statements

	page 4

	WRAG BARN MANAGEMENT LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 JANUARY 2025



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1g.	Short term debtors and creditors

	Debtors and creditors receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in profit and loss.


1h.	Cash and cash equivalents

	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.


1i.	Leased assets

	Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the Company are capitalised in the balance sheet and are depreciated over the shorter of the lease term and the asset's useful life. A corresponding liability is recognised for the lower of the fair value of the leased asset and the present value of the minimum lease payments in the balance sheet. Lease payments are apportioned between the reduction of the lease liability and finance charges in the income statement so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term. Lease incentives are recognised over the lease term on a straight line basis.


1j.	Employee benefits

	The obligations for contributions to defined contribution scheme are recognised as an expense as incurred. The assets of the scheme are held separately from those of the Company in an independent administered fund.


1k.	Provisions

	Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

	The notes on pages 4-7 form part of these financial statements

	page 5

	WRAG BARN MANAGEMENT LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 JANUARY 2025



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1l.	Judgements and key sources of estimation uncertainty

	In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below:



2.	DIRECTORS AND EMPLOYEES

	The average weekly number of employees during the year were as follows:
		2025	2024
		No.	No.
	Management and administration	0	3
	Production and sales	0	21
		0	24

	The notes on pages 4-7 form part of these financial statements

	page 6

	WRAG BARN MANAGEMENT LTD
	NOTES TO THE ACCOUNTS (CONT.)
	FOR THE YEAR ENDED 31 JANUARY 2025


3.	PROPERTY, PLANT AND EQUIPMENT
		Plant &
		Machinery	Total
		£	£
	Cost

	At 1 February 2024	125,270	125,270
	Additions other than through business combinations	34,548	34,548

	At 31 January 2025	159,818	159,818

	Depreciation

	At 1 February 2024	64,952	64,952
	For the year	19,581	19,581
	At 31 January 2025	84,533	84,533

	Net Book Amounts

	At 31 January 2025	75,285	75,285
	At 31 January 2024	60,318	60,318



4.	DEBTORS	2025	2024
		£	£
	Trade debtors	167,167	13,402
	UK Corporation tax	-	12,667
	Other debtors	38,666	85,217
		£205,833	£111,286



5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£
	Trade creditors	130,267	136,897
	Other taxes and social security	128,134	60,660
	Accruals and deferred income	622,997	468,002
		£881,398	£665,559

	The notes on pages 4-7 form part of these financial statements

	page 7