Bartley Industries Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00798651

BARTLEY INDUSTRIES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

BARTLEY INDUSTRIES LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		663,540		747,371

CURRENT ASSETS

Stocks		233,297	312,999
Debtors	6	973,409	1,013,394
Cash at bank and in hand		1,279,443	1,157,272
		------------	------------
		2,486,149	2,483,665

CREDITORS: amounts falling due within one year	7	551,804		578,099
		------------		------------
NET CURRENT ASSETS			1,934,345		1,905,566
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			2,597,885		2,652,937

CREDITORS: amounts falling due after more than one year	8		211,274		265,085

PROVISIONS	165,385	186,233
	------------	------------
NET ASSETS	2,221,226	2,201,619
	------------	------------

CAPITAL AND RESERVES

Called up share capital	209,443	209,443
Share premium account	11,155	11,155
Other reserves	24,133	24,133
Profit and loss account	1,976,495	1,956,888
	------------	------------
SHAREHOLDERS FUNDS	2,221,226	2,201,619
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

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

BARTLEY INDUSTRIES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 12 September 2025 , and are signed on behalf of the board by:

Mr D J Seddon Mr R C P Seddon

Director Director

Company registration number: 00798651

BARTLEY INDUSTRIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 138 Northampton Road, Kettering, Northamptonshire, NN15 7JY.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Exceptional items Exceptional items are disclosed separately in the financial statements in order to provide further understanding of the financial performance of the entity. They are material items of income or expense that have been shown separately because of their nature or amount. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2.50% reducing balance
Leasehold improvements	-	Over the period of the lease
Plant and machinery	-	15% reducing balance

Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 36 (2024: 35 ).

5. TANGIBLE ASSETS

	Long leasehold property	Plant and machinery	Total
	£	£	£
Cost
At 1 April 2024	53,370	1,211,274	1,264,644
Additions	–	26,253	26,253
	--------	------------	------------
At 31 March 2025	53,370	1,237,527	1,290,897
	--------	------------	------------
Depreciation
At 1 April 2024	53,370	463,903	517,273
Charge for the year	–	110,084	110,084
	--------	------------	------------
At 31 March 2025	53,370	573,987	627,357
	--------	------------	------------
Carrying amount
At 31 March 2025	–	663,540	663,540
	--------	------------	------------
At 31 March 2024	–	747,371	747,371
	--------	------------	------------

6. DEBTORS

	2025	2024
	£	£
Trade debtors	801,959	963,900
Other debtors	171,450	49,494
	---------	------------
	973,409	1,013,394
	---------	------------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	206,400	258,838
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10,000	–
Social security and other taxes	169,179	86,833
Other creditors	166,225	232,428
	---------	---------
	551,804	578,099
	---------	---------

Included within other creditors are amounts totalling £73,269 (2024 - £103,944) relating to hire purchase and finance lease agreements which are secured by the company.

8. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	211,274	265,085
	---------	---------

Included within other creditors are amounts totalling £211,274 (2024 - £265,085) relating to hire purchase and finance lease agreements which are secured by the company.

9. RELATED PARTY TRANSACTIONS

Advantage has been taken of the exemption conferred by FRS 102 to subsidiary undertakings, of whose voting rights are controlled within the group, not to disclose transactions with other group companies.

10. CONTROLLING PARTY

The company's ultimate parent company is FACUP2021 Limited which is incorporated in England and Wales.