Company registration number 952478 (England and Wales)
BARRETTS OF WOODBRIDGE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
BARRETTS OF WOODBRIDGE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
BARRETTS OF WOODBRIDGE LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
11,145
14,622
Current assets
Stocks
231,891
222,988
Debtors
4
21,977
26,224
Cash at bank and in hand
73,441
62,878
327,309
312,090
Creditors: amounts falling due within one year
5
(357,262)
(297,837)
Net current (liabilities)/assets
(29,953)
14,253
Net (liabilities)/assets
(18,808)
28,875
Capital and reserves
Called up share capital
7
5,000
5,000
Profit and loss reserves
(23,808)
23,875
Total equity
(18,808)
28,875

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 October 2025 and are signed on its behalf by:
Mrs J Barrett
Director
Company registration number 952478 (England and Wales)
BARRETTS OF WOODBRIDGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

Barretts of Woodbridge Limited is a private company limited by shares incorporated in England and Wales. The registered office is 40 The Thoroughfare, Woodbridge, Suffolk, United Kingdom, IP12 1AL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% on cost
Plant and equipment
20% on reducing balance
Computers
33% on cost
Motor vehicles
25% on reducing balance
1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

BARRETTS OF WOODBRIDGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.6
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.

1.7
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
19
18
BARRETTS OF WOODBRIDGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
3
Tangible fixed assets
Leasehold improvements
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2024 and 31 March 2025
46,836
55,374
33,165
27,702
163,077
Depreciation and impairment
At 1 April 2024
46,836
47,322
32,864
21,433
148,455
Depreciation charged in the year
-
0
1,610
300
1,567
3,477
At 31 March 2025
46,836
48,932
33,164
23,000
151,932
Carrying amount
At 31 March 2025
-
0
6,442
1
4,702
11,145
At 31 March 2024
-
0
8,052
301
6,269
14,622
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
4,179
9,033
Other debtors
17,798
17,191
21,977
26,224

Other debtors include prepayments of £17,798 (202 4: £1 7,191).

5
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
322,755
261,817
Taxation and social security
21,557
29,777
Other creditors
12,950
6,243
357,262
297,837

Other creditors include accruals of £12,950 (202 4: £6,243).

6
Security

HSBC UK Bank PLC holds a charge dated 20th October 2020 over the fixed and floating assets of the company.

BARRETTS OF WOODBRIDGE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
ordinary of £1 each
5,000
5,000
5,000
5,000
8
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
166,334
231,390
2025-03-31 2024-04-01 false false false 10 October 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mrs J S Barrett Mr M Grist Mrs J Barrett 952478 2024-04-01 2025-03-31 952478 2025-03-31 952478 2024-03-31 952478 core:LeaseholdImprovements 2025-03-31 952478 core:PlantMachinery 2025-03-31 952478 core:ComputerEquipment 2025-03-31 952478 core:MotorVehicles 2025-03-31 952478 core:LeaseholdImprovements 2024-03-31 952478 core:PlantMachinery 2024-03-31 952478 core:ComputerEquipment 2024-03-31 952478 core:MotorVehicles 2024-03-31 952478 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 952478 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 952478 core:ShareCapital 2025-03-31 952478 core:ShareCapital 2024-03-31 952478 core:RetainedEarningsAccumulatedLosses 2025-03-31 952478 core:RetainedEarningsAccumulatedLosses 2024-03-31 952478 core:ShareCapitalOrdinaryShareClass1 2025-03-31 952478 core:ShareCapitalOrdinaryShareClass1 2024-03-31 952478 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 952478 core:LeaseholdImprovements 2024-04-01 2025-03-31 952478 core:PlantMachinery 2024-04-01 2025-03-31 952478 core:ComputerEquipment 2024-04-01 2025-03-31 952478 core:MotorVehicles 2024-04-01 2025-03-31 952478 2023-04-01 2024-03-31 952478 core:LeaseholdImprovements 2024-03-31 952478 core:PlantMachinery 2024-03-31 952478 core:ComputerEquipment 2024-03-31 952478 core:MotorVehicles 2024-03-31 952478 2024-03-31 952478 core:CurrentFinancialInstruments 2025-03-31 952478 core:CurrentFinancialInstruments 2024-03-31 952478 core:WithinOneYear 2025-03-31 952478 core:WithinOneYear 2024-03-31 952478 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 952478 bus:OrdinaryShareClass1 2025-03-31 952478 bus:OrdinaryShareClass1 2024-03-31 952478 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 952478 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 952478 bus:FRS102 2024-04-01 2025-03-31 952478 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 952478 bus:Director1 2024-04-01 2025-03-31 952478 bus:Director2 2024-04-01 2025-03-31 952478 bus:CompanySecretary1 2024-04-01 2025-03-31 952478 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP