REGISTERED NUMBER: 11214813 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

QUEX BARN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

I Mather

REGISTERED OFFICE:

2 The Links

Herne Bay

Kent

CT6 7GQ

BUSINESS ADDRESS:

Quex Barn

Quex Park Estate

Birchington

Kent

CT7 0BB

REGISTERED NUMBER:

11214813 (England and Wales)

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

2 The Links

HERNE BAY

Kent

CT6 7GQ

FIXED ASSETS

Intangible assets

5

30,000

40,000

Tangible assets

6

514,395

441,061

544,395

481,061

CURRENT ASSETS

Stocks

140,695

45,019

Debtors

7

54,738

35,470

Cash at bank and in hand

163,194

148,352

358,627

228,841

CREDITORS

Amounts falling due within one year

8

348,981

246,434

NET CURRENT ASSETS/(LIABILITIES)

9,646

(17,593

)

TOTAL ASSETS LESS CURRENT LIABILITIES

554,041

463,468

CREDITORS

Amounts falling due after more than one year

9

(56,231

)

-

PROVISIONS FOR LIABILITIES

(43,254

)

(23,008

)

NET ASSETS

454,556

440,460

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

454,456

440,360

SHAREHOLDERS' FUNDS

454,556

440,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

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

The director acknowledges his 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 director and authorised for issue on 29th December 2025 and were signed by:

I Mather - Director

1.	STATUTORY INFORMATION

Quex Barn 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on a straight line basis

Stocks

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

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 23 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

100,000

AMORTISATION

At 1st April 2024

60,000

Charge for year

10,000

At 31st March 2025

70,000

NET BOOK VALUE

At 31st March 2025

30,000

At 31st March 2024

40,000

6.	TANGIBLE FIXED ASSETS

Short

term

Fixtures

leasehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1st April 2024

382,667

-

170,698

Additions

-

49,501

76,915

At 31st March 2025

382,667

49,501

247,613

DEPRECIATION

At 1st April 2024

33,576

-

94,776

Charge for year

7,652

9,900

30,568

At 31st March 2025

41,228

9,900

125,344

NET BOOK VALUE

At 31st March 2025

341,439

39,601

122,269

At 31st March 2024

349,091

-

75,922

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2024

37,606

6,145

597,116

Additions

-

750

127,166

At 31st March 2025

37,606

6,895

724,282

DEPRECIATION

At 1st April 2024

22,110

5,593

156,055

Charge for year

3,874

1,838

53,832

At 31st March 2025

25,984

7,431

209,887

NET BOOK VALUE

At 31st March 2025

11,622

(536

)

514,395

At 31st March 2024

15,496

552

441,061

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

26,112

16,207

Other debtors

28,626

19,263

54,738

35,470

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

36,900

Hire purchase contracts

6,883

-

Trade creditors

139,877

104,208

Taxation and social security

25,971

43,301

Other creditors

176,250

62,025

348,981

246,434

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

56,231

-

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

18,419

-

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

95

Ordinary

£1

95

95

5

Ordinary A

£1

5

5

100

100