Barton Townley (Barrow) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00348228 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BARTON TOWNLEY (BARROW) LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

P J Helme

A R Medcalfe

C J Eccles

J C Houghton

SECRETARY:

Mrs D J Helme

REGISTERED OFFICE:

James Freel Close

Barrow In Furness

Cumbria

LA14 2NW

REGISTERED NUMBER:

00348228 (England and Wales)

ACCOUNTANTS:

R F Miller & Co

Double Tree Court

10A Cavendish St

Ulverston

Cumbria

LA12 7AD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the director in accordance with the terms of our engagement. Our work has been undertaken to prepare for approval by the director the financial statements that we have been engaged to compile, to report to the director that we have done so, and to state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's director for our work or for this report.

You have acknowledged on the balance sheet as at 31 December 2024 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements

R F Miller & Co

Double Tree Court

10A Cavendish St

Ulverston

Cumbria

LA12 7AD

Date: .............................................

FIXED ASSETS

Tangible assets

4

120,068

102,561

Investment property

5

130,000

250,068

232,561

CURRENT ASSETS

Stocks

1,321,440

1,567,836

Debtors

6

72,355

136,336

Cash at bank and in hand

685,211

653,292

2,079,006

2,357,464

CREDITORS

Amounts falling due within one year

7

571,332

806,864

NET CURRENT ASSETS

1,507,674

1,550,600

TOTAL ASSETS LESS CURRENT LIABILITIES

1,757,742

1,783,161

PROVISIONS FOR LIABILITIES

1,387

NET ASSETS

1,756,355

1,781,774

CAPITAL AND RESERVES

Called up share capital

8

2,300

Retained earnings

9

1,754,055

1,779,474

SHAREHOLDERS' FUNDS

1,756,355

1,781,774

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 directors acknowledge their 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 Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

Mr P J Helme - Director

1.	STATUTORY INFORMATION

Barton Townley (Barrow) 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.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Solar panels

-

5% on cost

Improvements to property

-

5% on cost

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

25% on reducing balance

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the Financial Reporting Standard for Smaller Entities, as follows:

No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below the original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

This treatment as regards the company’s investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

STOCKS

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

Stocks and work in progress are stated at the lower of cost and estimated costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Estimated selling price less costs to complete and sell is based on the estimated selling price of the goods less any estimated completion or selling costs likely to be incurred on the sale.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

EMPLOYEE BENEFIT TRUSTS

The Company has created a trust whose beneficiaries will include employees of the Company and their dependents. Assets held under this trust will be controlled by trustees who will be acting independently and entirely at their own discretion.

Where assets are held in the trust and these are considered by the Company to be in respect of services already provided by employees to the Company, the Company will account for these as assets of the trust when payment is made to the trust. The value transferred will be charged in the Company’s profit and loss account for the year to which it relates.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Solar

to

Plant and

panels

property

machinery

£

COST

At 1 January 2024

20,500

42,148

68,601

Additions

-

38,787

4,650

Disposals

-

(12,809

)

At 31 December 2024

20,500

80,935

60,442

DEPRECIATION

At 1 January 2024

5,336

13,712

36,459

Charge for year

-

13,069

5,583

Eliminated on disposal

-

(13,058

)

At 31 December 2024

5,336

26,781

28,984

NET BOOK VALUE

At 31 December 2024

15,164

54,154

31,458

At 31 December 2023

15,164

28,436

32,142

Fixtures

and

Motor

fittings

vehicles

Totals

£

COST

At 1 January 2024

101,866

23,817

256,932

Additions

-

43,437

Disposals

(53,596

)

-

(66,405

)

At 31 December 2024

48,270

23,817

233,964

DEPRECIATION

At 1 January 2024

98,616

248

154,371

Charge for year

1,386

5,892

25,930

Eliminated on disposal

(53,347

)

-

(66,405

)

At 31 December 2024

46,655

6,140

113,896

NET BOOK VALUE

At 31 December 2024

1,615

17,677

120,068

At 31 December 2023

3,250

23,569

102,561

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

130,000

NET BOOK VALUE

At 31 December 2024

130,000

At 31 December 2023

130,000

The directors sought an external valuation for the year ended 31 December 2016 which was undertaken by W G Ross & Company Ltd and is reflected in the current value shown at the year end. The directors consider this value to still be a true reflection of the market value at the year end.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2015

66,800

Valuation in 2016

(10,000

)

Cost

73,200

130,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

16,619

92,579

Other debtors

2,750

3,020

Prepayments and accrued income

52,986

40,737

72,355

136,336

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

338,542

576,830

Corporation tax

42,693

67,921

Social security and other taxes

11,159

12,153

VAT

86,820

63,178

Other creditors

20,433

24,433

Car Deposits

65,237

55,606

Accruals and deferred income

6,448

6,743

571,332

806,864

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

115

Ordinary A

£1

115

65

Ordinary B

£1

65

33

Ordinary C

£1

33

Ordinary D

£1

33

50

Ordinary E

£1

50

44

Ordinary F

£1

44

340

Allotted and issued:

Number:

Class:

Nominal

2024

2023

value:

£

1,960

Share capital 7

£1

1,960

9.

RESERVES

Retained

earnings

£

At 1 January 2024

1,779,474

Profit for the year

111,581

Dividends

(137,000

)

At 31 December 2024

1,754,055

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends were paid to directors, or related parties of the directors, during the year totalling £137,000 (2023 - £167,700).

11.	RELATED PARTY DISCLOSURES

There are no amounts outstanding to or from directors as at the current or previous year end.

12.	ULTIMATE CONTROLLING PARTY

The company was under the control of Qubic Trustees Ltd throughout the current and previous year. Mr P J Helme is the managing director.