M. T. Barnsley Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01020396 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

M. T. Barnsley Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M T Barnsley

K T Barnsley

SECRETARY:

M T Barnsley

REGISTERED OFFICE:

Belle View

Easton Lane

Chippenham

Wiltshire

SN14 0RW

REGISTERED NUMBER:

01020396 (England and Wales)

FIXED ASSETS

Tangible assets

4

4,067,915

3,695,990

Investments

5

36,040

25,880

Investment property

6

650,000

4,753,955

4,371,870

CURRENT ASSETS

Stocks

18,500

Debtors

7

2,100,398

1,967,775

Cash at bank

1,170,148

638,905

3,289,046

2,625,180

CREDITORS

Amounts falling due within one year

8

1,515,789

1,364,648

NET CURRENT ASSETS

1,773,257

1,260,532

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,527,212

5,632,402

CREDITORS

Amounts falling due after more than one
year

9

(630,799

)

(608,012

)

PROVISIONS FOR LIABILITIES

(891,354

)

(814,572

)

NET ASSETS

5,005,059

4,209,818

CAPITAL AND RESERVES

Called up share capital

1,000

Revaluation reserve

11

1,145,769

945,769

Retained earnings

3,858,290

3,263,049

SHAREHOLDERS' FUNDS

5,005,059

4,209,818

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 5 January 2026 and were signed on its behalf by:

M T Barnsley - Director

1.	STATUTORY INFORMATION

M. T. Barnsley 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Plant and machinery

30%

reducing balance

Fixtures and fittings

30%

reducing balance

Motor vehicles

Various rates

reducing balance

Freehold buildings

2%

straight line

Freehold land

Not depreciated

Property improvements

10%

straight line

Property, plant and equipment are accounted for in accordance with FRS 102 (section 1A). The fixed assets are valued every 5 years with an interim valuation in year 3. The surplus or deficit on revaluation is transferred to the revaluation reserve. Any deferred tax provision relating to the revaluation is accounted for by increasing or reducing the balance of the Revaluation reserve.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

Property

machinery

fittings

vehicles

Totals

£

COST OR VALUATION

At 1 April 2024

1,750,000

68,852

152,691

4,088,557

6,060,100

Additions

-

3,526

739,925

743,451

Disposals

-

(221,500

)

(221,500

)

Revaluations

200,000

-

200,000

At 31 March 2025

1,950,000

68,852

156,217

4,606,982

6,782,051

DEPRECIATION

At 1 April 2024

-

60,164

135,045

2,168,901

2,364,110

Charge for year

15,000

2,724

3,147

520,947

541,818

Eliminated on disposal

-

(191,792

)

(191,792

)

At 31 March 2025

15,000

62,888

138,192

2,498,056

2,714,136

NET BOOK VALUE

At 31 March 2025

1,935,000

5,964

18,025

2,108,926

4,067,915

At 31 March 2024

1,750,000

8,688

17,646

1,919,656

3,695,990

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Freehold

Plant and

and

Motor

Property

machinery

fittings

vehicles

Totals

£

Valuation in 2022

863,171

-

863,171

Valuation in 2024

137,757

-

137,757

Valuation in 2025

200,000

-

200,000

Cost

749,072

68,852

156,217

4,606,982

5,581,123

1,950,000

68,852

156,217

4,606,982

6,782,051

Freehold property was valued on an open market basis on 31 March 2025 by the directors .

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

25,880

Revaluations

10,160

At 31 March 2025

36,040

NET BOOK VALUE

At 31 March 2025

36,040

At 31 March 2024

25,880

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2022

8,542

Valuation in 2024

2,350

Valuation in 2025

10,160

Cost

14,988

36,040

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

650,000

NET BOOK VALUE

At 31 March 2025

650,000

At 31 March 2024

650,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

188,895

Cost

461,105

650,000

Investment property was valued on an open market basis on 31 March 2025 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

1,206,353

1,320,917

Other debtors

74,050

29,876

S455 Debtor

175,796

125,894

Directors' current accounts

520,878

373,018

Prepayments and accrued income

123,321

118,070

2,100,398

1,967,775

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Hire purchase contracts

378,289

437,828

Trade creditors

758,991

563,088

Corporation tax

270,747

235,386

Social security and other taxes

28,303

30,209

VAT Account

67,178

80,103

Other creditors

2,568

3,716

Credit card

3,598

8,368

Accruals and deferred income

6,115

5,950

1,515,789

1,364,648

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Hire purchase contracts

630,799

608,012

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Hire purchase contracts

1,009,088

1,045,840

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

945,769

Revaluation reserve

200,000

At 31 March 2025

1,145,769

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

M T Barnsley

Balance outstanding at start of year

373,018

356,010

Amounts advanced

147,860

329,979

Amounts repaid

-

(312,971

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

520,878

373,018

No interest was charged on these advances.