Company Registration No. 03957323 (England and Wales)
BARRY GRAINGER LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD END
31 MARCH 2025
31 March 2025
PAGES FOR FILING WITH REGISTRAR
PM+M Solutions for Business LLP
Chartered Accountants
New Century House
Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
BARRY GRAINGER LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 9
BARRY GRAINGER LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
48,872
-
0
Tangible assets
5
37,743
41,626
86,615
41,626
Current assets
Debtors
6
883,592
933,534
Cash at bank and in hand
23,127
24,865
906,719
958,399
Creditors: amounts falling due within one year
7
(306,081)
(318,552)
Net current assets
600,638
639,847
Total assets less current liabilities
687,253
681,473
Creditors: amounts falling due after more than one year
8
(3,414)
(13,836)
Provisions for liabilities
(21,075)
(9,730)
Net assets
662,764
657,907
Capital and reserves
Called up share capital
9
1,050
1,050
Share premium account
82,626
82,626
Profit and loss reserves
579,088
574,231
Total equity
662,764
657,907

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

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

The financial statements were approved by the board of directors and authorised for issue on 18 November 2025 and are signed on its behalf by:
Mr U Patel
Director
Company registration number 03957323 (England and Wales)
BARRY GRAINGER LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2023
1,050
82,626
552,899
636,575
Period ended 31 March 2024:
Profit and total comprehensive income
-
-
671,332
671,332
Dividends
-
-
(650,000)
(650,000)
Balance at 31 March 2024
1,050
82,626
574,231
657,907
Year ended 31 March 2025:
Profit and total comprehensive income
-
-
654,857
654,857
Dividends
-
-
(650,000)
(650,000)
Balance at 31 March 2025
1,050
82,626
579,088
662,764
BARRY GRAINGER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

Barry Grainger Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit B9, Decimus Park, Kingstanding Way, Tunbridge Wells, Kent, TN2 3GP.

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.

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.The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. T he company has therefore taken advantage of e xemptions from the following disclosure requirements:

- Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;

- Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Well Dunn Group (Holdings) Limited. These consolidated financial statements are available from its registered office, Unit 5, 5 Blantyre Street, Manchester, England, M15 4JJ.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation 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:

Computer software
4 years straight line
1.4
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 a straight line basis
Fixturs, fittings and equipment
25% on a straight line basis
BARRY GRAINGER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

BARRY GRAINGER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
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
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

There are no material judgments or estimations of uncertainty.

BARRY GRAINGER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
3
Employees

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

2025
2024
Number
Number
Total
27
24
4
Intangible fixed assets
Computer software
£
Cost
At 1 April 2024
-
0
Additions
57,248
At 31 March 2025
57,248
Amortisation and impairment
At 1 April 2024
-
0
Amortisation charged for the year
8,376
At 31 March 2025
8,376
Carrying amount
At 31 March 2025
48,872
At 31 March 2024
-
0
BARRY GRAINGER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
5
Tangible fixed assets
Leasehold improvements
Fixtures, fittings and equipment
Total
£
£
£
Cost
At 1 April 2024
3,387
56,325
59,712
Additions
-
0
13,856
13,856
At 31 March 2025
3,387
70,181
73,568
Depreciation and impairment
At 1 April 2024
706
17,380
18,086
Depreciation charged in the year
339
17,400
17,739
At 31 March 2025
1,045
34,780
35,825
Carrying amount
At 31 March 2025
2,342
35,401
37,743
At 31 March 2024
2,681
38,945
41,626
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
590,524
692,349
Other debtors
10,500
10,500
Prepayments and accrued income
282,568
230,685
883,592
933,534

Amounts owed by group undertakings are interest free and repayable on demand.

7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,421
10,164
Trade creditors
46,415
39,589
Taxation and social security
222,500
236,300
Other creditors
26,745
32,499
306,081
318,552
BARRY GRAINGER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
3,414
13,836

Interest is charged on the bank loan at a rate of 2.6% per annu m, with the final loan repayment being due in May 2026.

9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,050
1,050
1,050
1,050
10
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Christopher Johnson FCA
Statutory Auditor:
PM+M Solutions for Business LLP
Date of audit report:
18 November 2025
11
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
161,386
184,780
BARRY GRAINGER LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
12
Related party transactions
Transactions with related parties

As permitted by FRS 102, the financial statements do not disclose transactions with the parent company and wholly owned subsidiaries where 100% of the voting rights are controlled within the group.

During the year, Barry Grainger Limited sold services to companies in which a director had significant influence amounting to £367,500 (2024: £379,019). There were no £34,725 (2024: £31,150) due from these companies included within other debtors at year end.

Purchases from companies in which a director had significant influence totalled £13,313 (2024: £13,631). There w as £1,121 (2024: Nil) due to these companies included within other creditors at year end.

13
Parent company

The company’s ultimate parent is Well Dunn Group (Holdings) Limited, incorporated in England and Wales.

The parent company of the largest and smallest group that includes the company and for which group financial statements are prepared is Well Dunn Group (Holdings) Limited. Consolidated financial statements of the group can be requested from Well Dunn Group (Holdings) Limited registered office, Unit 5, 5 Blantyre Street, Manchester, England, M15 4JJ.

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