Company registration number 00819463 (England and Wales)
BARTON AND REDMAN LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
BARTON AND REDMAN LIMITED
COMPANY INFORMATION
Directors
M P Barton
N J Barton
Secretary
N J Barton
Company number
00819463
Registered office
Strawberry House
New Smithfield Market
Whitworth Street East
Openshaw
Manchester
M11 2WJ
Auditor
Chadwick & Company (Manchester) Limited
Chartered Accountants
Statutory Auditors
Capital House
272 Manchester Road
Droylsden
Manchester
M43 6PW
Business address
Strawberry House
New Smithfield Market
Whitworth Street East
Openshaw
Manchester
M11 2WJ
Bankers
National Westminster Bank Plc
1 Water Lane
Bakewell
Derbyshire
DE4 1 EU
BARTON AND REDMAN LIMITED
CONTENTS
Page
Strategic report
1 - 4
Directors' report
5 - 6
Independent auditor's report
7 - 9
Statement of comprehensive income
10
Balance sheet
11
Statement of changes in equity
12
Statement of cash flows
13
Notes to the financial statements
14 - 28
BARTON AND REDMAN LIMITED
STRATEGIC REPORT
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 1 -

The directors present the strategic report for the period ended 31 October 2025.

Fair review of the business

The directors are pleased to announce that the company has continued to perform to its owners’ expectations during the year.

The turnover of the company has increased by approximately 7.3% during the year to £76.13 million (2024: £70.97 million) due to increasing demand from existing customers as well as taking on new customers in the period. The directors continue to review the impact of the current economic and political climate at the local, national, and global levels on the business and then take the appropriate measures to mitigate any such impact.

In a time of increasing produce and utility costs, the company's gross profit margin has remained relatively consistent with the previous year. The directors continue to monitor and tightly control the cost of purchase s of direct supplies. Administrative o verhead s were in line with the directors' expectations reflecting continuing inflationary pressures on salary and utility costs. These were closely monitored by management during the period. The company continues to operate well within its agreed banking facilities.

Principal risks and uncertainties

The directors have identified the key risks faced by the company and have put systems in place to mitigate these risks.

Financial Instruments - objectives and policies

The company finances its operations through a mixture of retained profits, and where necessary to fund expansion or capital expenditure programmes through bank borrowings and finance lease and hire purchase contracts. The managements objectives are to:

- retain sufficient liquid funds to enable it to meet its day to day obligations as they fall due whilst maximising returns on surplus funds;

- minimise the company's exposure to fluctuating interest rates when seeking new borrowings; and

- match the repayment schedule of any external borrowings or overdrafts with the expected future cash flows expected to arise from the company's trading activities.

Where appropriate the company's funds are held primarily in short term variable deposit accounts. The directors believe that this gives them the flexibility to release cash resources at short notice and also allows them to take advantage of changing conditions in the finance markets as they arise.

All deposits are with reputable United Kingdom banks.

Foreign currency risk

The company imports produce from around the world and consequently is subject to volatility in exchange rate movements, freight costs and continued volatility in the cost of many commodities in the world market. Exchange risks are managed by a process of daily monitoring of exchange rates t o limit the company’s exposure to such exchange rate volatility.

Development and performance

The company is well funded and continues to deliver impressive performance year on year despite challenging economic conditions. The directors remain extremely confident that the company will continue to expand, and that their robust and ambitious plans will generate enhanced profitability and performance in the future. The company remains well placed to withstand future turbulence and pressure within the markets in which it operates, relying on its reputation for value, reliability, and service.

The company continues to actively grow both its customer and product portfolios, providing it with increasing confidence for the future.

BARTON AND REDMAN LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 2 -
Key performance indicators

2025 2024

£'000's £'000's

Sales 76,135 70,975

Gross Profit 7,826 7,567

% %

Return on capital employed 51.57% 43.99%

At the year end, the company had shareholders' funds of £4,756,938 including distributable profits of £4,756,380. The directors therefore believe the company’s position to be satisfactory especially as the company’s total assets exceed its current liabilities by £5,743,275.

Streamlined Energy and Carbon Reporting (SECR) statement

Energy use and associated greenhouse gas emissions

The company is pleased to report its 202 4/202 5 annual energy consumption and associated annual greenhouse gas (“GHG”) emissions pursuant to the Companies (Directors Report) and Limited Liability Partnerships (Energy and Carbon Report) Regulations (“the 2018 Regulations”) that came into force 1 April 2019.

The annual reporting period for Barton and Redman is 1 November to 3 1 October each year and the energy and carbon emissions are aligned to this period. In accordance with the 2018 Regulations, the energy use and associated GHG emissions are for those assets within the UK only. This report shows total annual UK energy used across the Barton and Redman site and company owned vehicles.

The 202 5 UK Government GHG Conversion Factors for Company Reporting have been used in the emissions calculations. Electricity and Gas consumption records are based on invoices. Transport emissions were calculated from expense records stating business miles travelled. Gross calorific values were used as per the Government GHG Conversion Factors.

The associated emissions are divided into mandatory and voluntary emissions according to the 2018 Regulations. Under this Regulation Rodo is obliged to disclose energy and carbon information in their accounts and reports, including

- UK energy use (to include as a minimum purchased electricity, gas and transport)

- Associated greenhouse gas emissions.

- At least one intensity ratio

- Previous year’s figures for energy use and GHG emissions (except in the first year)

- Information about energy efficiency action taken in the organisation’s financial year

- Methodologies used in calculation of disclosures

The emissions are further divided into their relevant scopes as per the GHG Protocol. The scopes are defined as: -

- Scope 1: Direct GHG emissions that occur from sources owned or controlled by the organisation (i.e. owned and leased assets)

- Scope 2: Indirect GHG emissions from the generation of acquired and consumed electricity, steam, heating or cooling (i.e., purchased electricity).

- Scope 3: Other indirect CHG emissions that occur because of the organisations activities but occur from sources not owned or controlled by the organisation (i.e., business travel, waste disposal).

BARTON AND REDMAN LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 3 -

B reakdown of energy consumption used to calculate emissions

Mandatory emissions 202 4/2 5

Purchased Electricity 272,292 kWh

Transport (Diesel average biofuel blend) 515,320 litres

Electricity generator (Diesel average biofuel blend) 152,277 litres

Breakdown of emissions associated with the reported energy use (t Co2e)

Scope 1

Transport – Company owned fleet 1,324.8

Electricity - Diesel generator 391.5

Scope 2

Purchased Electricity 48.2

Total gross mandatory emissions 1,764.5

Intensity ratio

The intensity ratio is calculated based on the turnover of the company. Turnover has been chosen as it is currently considered the most relevant to the company’s energy consuming performance due to the relationship between turnover and diesel used in delivery mileage.

= Total Gross mandatory emissions (t Co2e) / Turnover (£m) = 1,764.5/76

t Co2e per £m = 23.22

Energy efficiency action

- Monthly monitoring of electricity consumption

- Fuel usage tracking across the truck fleet

- Route planning to reduce unnecessary mileage

BARTON AND REDMAN LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 4 -
Promoting the success of the company

The directors of the Company have acted in accordance with their statutory duties, in particular their duty to act in the way in which they consider, in good faith, would be most likely to promote the success of the Company for the benefit of its members as a whole, having regards to the stakeholders and matters set out in section 172(1) of the Companies Act 2006.

Issues, factors and stakeholders which the Directors considered to be of strategic importance when discharging their duty under section 172(1) are detailed below

Long-term consequences of decisions

As a family-run business, the directors place strong emphasis on the long-term sustainability and continuity of the Company. Decisions are taken with a view to preserving the reputation, financial stability, and trading relationships of the business for future generations. This includes careful consideration of investment in facilities, vehicles, systems, and supplier relationships, as well as managing costs and cash flow in a competitive wholesale market.

Interests of employees

The Company employs approximately 70 staff, and the directors recognise that employees are fundamental to the efficient operation and success of the business. The directors maintain regular engagement with staff through day-to-day management, open communication, and informal feedback. Consideration is given to employee wellbeing, health and safety, fair treatment, and training, particularly in relation to warehouse operations, transport, and food handling standards.

Relationships with suppliers, customers, and others

As a fruit and vegetable wholesaler, the Company depends on strong, long-standing relationships with growers, suppliers, logistics partners, and customers. The directors seek to maintain fair, reliable, and transparent relationships, recognising the importance of consistency, product quality, and service levels. Decisions are made with regard to maintaining trust and long-term partnerships throughout the supply chain.

Impact on the community and the environment

The directors are mindful of the Company’s impact on the local community and the environment. Where practicable, the Company seeks to reduce waste, manage packaging responsibly, and operate efficiently in terms of transport and energy use. The Company also aims to act as a responsible local employer and business partner within the communities in which it operates.

Maintaining a reputation for high standards of business conduct

The directors consider it essential to maintain a strong reputation for honesty, reliability, and compliance with legal and regulatory requirements, including food safety, employment, and transport regulations. High standards of business conduct are integral to maintaining customer confidence and supplier trust.

Acting fairly between members of the Company

The Company is wholly owned by family shareholders, and the directors seek to act fairly between all members. Decisions are taken in the best interests of the Company as a whole, with a shared objective of long-term success and stability.

On behalf of the board

M P Barton
Director
9 March 2026
BARTON AND REDMAN LIMITED
DIRECTORS' REPORT
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 5 -

The directors present their annual report and financial statements for the period ended 31 October 2025.

Principal activities

The principal activity of the company continued to be that of the wholesale of fruit and vegetables.

Results and dividends

The results for the period are set out on page 10.

Ordinary dividends were paid amounting to £776,000. The directors do not recommend payment of a final dividend.

Directors

The directors who held office during the period and up to the date of signature of the financial statements were as follows:

P S Barton
(Resigned 1 April 2025)
M P Barton
N J Barton
Future developments

The directors aim to continue the success of this year and grow their market position.

Auditor

In accordance with the company's articles, a resolution proposing that Chadwick & Company (Manchester) Limited be reappointed as auditor of the company will be put at a General Meeting.

Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law, the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Disclosure of information in the Strategic Report

The company has chosen in accordance with Companies Act 2006, s. 414C(11) to set out in the company's strategic report information required by Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008, Sch. 7 to be contained in the directors' report. It has done so in respect of Financial Risk Management Objectives and Policies.

BARTON AND REDMAN LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 6 -
Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the company’s auditor is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company’s auditor is aware of that information.

On behalf of the board
M P Barton
Director
9 March 2026
BARTON AND REDMAN LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF BARTON AND REDMAN LIMITED
- 7 -
Opinion

We have audited the financial statements of Barton and Redman Limited (the 'company') for the period ended 31 October 2025 which comprise the statement of comprehensive income, the balance sheet, the statement of changes in equity, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 October 2025 and of its profit for the period 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.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report.

We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

BARTON AND REDMAN LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF BARTON AND REDMAN LIMITED
- 8 -

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

- the information given in the strategic report and the directors' r eport for the financial period for which the financial statements are prepared is consistent with the financial statements; and

- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the directors' r eport.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

- the financial statements are not in agreement with the accounting records and returns; or

- certain disclosures of directors' remuneration specified by law are not made; or

- we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the directors' r esponsibilities s tatement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

I n preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities is available on the Financial Reporting Council's website at: https://www.frc.org.uk/auditorresponsibilities. This forms part of our auditor's report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

We considered and updated our knowledge of the company's specific industry and its regulatory environment, and reviewed the company's documentation surrounding the policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management about their own identification and assessment of the risks of irregularities. Based on this understanding, we identified and assessed the risks of material misstatement in the financial statements and designed and performed audit procedures in response to those risks.

We identified the key laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, the most significant of these is the UK Companies Act 2006. We also gained knowledge of the legal and regulatory frameworks which do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or to avoid a material penalty.

BARTON AND REDMAN LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF BARTON AND REDMAN LIMITED
- 9 -
Audit response to risks identified

The audit engagement team were made aware of the potential opportunities and incentives that may exist within the company for fraudulent activity and how and where fraud might occur or be concealed within the financial statements.

In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override of controls. In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other manual adjustments; assessed whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.

In addition to the above, we designed procedures which included:

- enquiring of management and those charged with governance concerning actual and potential litigation and claims and any known instances of non-compliance with laws and regulations;

- assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry or inspection;

- reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;

- performing detailed audit work on areas identified as being susceptible to management bias and override of controls, such as provisions, estimates and journal entries, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of bias;

- performing analytical procedures to identify any unusual relationships that may indicate a risk of material misstatement due to fraud.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's 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 members as a body, for our audit work, for this report, or for the opinions we have formed.

Jason Allcroft BA BFP FCA (Senior Statutory Auditor)
For and on behalf of Chadwick & Company (Manchester) Limited
Chartered Accountants
Statutory Auditors
Capital House
272 Manchester Road
Droylsden
Manchester
M43 6PW
10 March 2026
BARTON AND REDMAN LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 10 -
Period
Period
ended
ended
31 October
25 October
2025
2024
Notes
£
£
Turnover
3
76,134,873
70,974,595
Cost of sales
(68,309,146)
(63,407,436)
Gross profit
7,825,727
7,567,159
Administrative expenses
(4,333,909)
(3,385,431)
Other operating income
-
0
24,510
Operating profit
4
3,491,818
4,206,238
Interest receivable and similar income
8
14,376
21,796
Interest payable and similar expenses
9
(134,031)
(51,394)
Profit before taxation
3,372,163
4,176,640
Tax on profit
10
(918,924)
(1,053,738)
Profit for the financial period
2,453,239
3,122,902

The profit and loss account has been prepared on the basis that all operations are continuing operations.

BARTON AND REDMAN LIMITED
BALANCE SHEET
AS AT 31 OCTOBER 2025
31 October 2025
- 11 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
12
-
0
-
0
Tangible assets
13
5,155,163
4,486,019
Investments
14
31,200
31,200
5,186,363
4,517,219
Current assets
Stocks
15
677,401
490,640
Debtors
16
12,612,451
12,390,681
Cash at bank and in hand
525,338
1,900,980
13,815,190
14,782,301
Creditors: amounts falling due within one year
17
(13,258,278)
(10,534,960)
Net current assets
556,912
4,247,341
Total assets less current liabilities
5,743,275
8,764,560
Creditors: amounts falling due after more than one year
18
(475,315)
(1,312,359)
Provisions for liabilities
Deferred tax liability
21
511,022
352,558
(511,022)
(352,558)
Net assets
4,756,938
7,099,643
Capital and reserves
Called up share capital
23
179
234
Capital redemption reserve
379
324
Profit and loss reserves
4,756,380
7,099,085
Total equity
4,756,938
7,099,643
The financial statements were approved by the board of directors and authorised for issue on 9 March 2026 and are signed on its behalf by:
M P Barton
N J Barton
Director
Director
Company Registration No. 00819463
BARTON AND REDMAN LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 12 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 28 October 2023
409
149
7,173,183
7,173,741
Period ended 25 October 2024:
Profit and total comprehensive income
-
-
3,122,902
3,122,902
Dividends
11
-
-
(1,697,000)
(1,697,000)
Own shares acquired
-
-
(1,500,000)
(1,500,000)
Redemption of shares
23
-
0
175
-
0
175
Other movements
(175)
-
-
(175)
Balance at 25 October 2024
234
324
7,099,085
7,099,643
Period ended 31 October 2025:
Profit and total comprehensive income
-
-
2,453,239
2,453,239
Dividends
11
-
-
(776,000)
(776,000)
Own shares acquired
-
-
(4,019,944)
(4,019,944)
Redemption of shares
23
-
0
55
-
0
55
Other movements
(55)
-
-
(55)
Balance at 31 October 2025
179
379
4,756,380
4,756,938
BARTON AND REDMAN LIMITED
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 13 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
29
7,181,833
3,418,184
Interest paid
(134,031)
(51,394)
Income taxes paid
(1,116,477)
(829,131)
Net cash inflow from operating activities
5,931,325
2,537,659
Investing activities
Purchase of tangible fixed assets
(258,270)
(353,358)
Proceeds on disposal of tangible fixed assets
-
0
450,501
Interest received
14,376
21,796
Net cash (used in)/generated from investing activities
(243,894)
118,939
Financing activities
Purchase of Ordinary shares
(4,019,944)
(1,500,000)
Proceeds of new bank loans
-
0
1,200,000
Repayment of bank loans
(1,170,843)
(29,157)
Payment of finance leases obligations
(543,232)
(685,479)
Dividends paid
(776,000)
(1,697,000)
Net cash used in financing activities
(6,510,019)
(2,711,636)
Net decrease in cash and cash equivalents
(822,588)
(55,038)
Cash and cash equivalents at beginning of period
752,229
807,267
Cash and cash equivalents at end of period
(70,359)
752,229
Relating to:
Cash at bank and in hand
525,338
1,900,980
Bank overdrafts included in creditors payable within one year
(595,697)
(1,148,751)
BARTON AND REDMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 14 -
1
Accounting policies
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.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.true

1.3
Reporting period

These financial statements cover the period to 31 October 2025. The comparative period was the period 25 October 2024, which was shorter than the current period. The company changes its period end date each year to end the period on the final Friday closest to the end of October.

1.4
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.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.5
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

BARTON AND REDMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 15 -
1.6
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
3 years straight line
Plant and machinery
10% per annum reducing balance
Fixtures, fittings and equipment
15% per annum reducing balance
Motor vehicles
25% per annum reducing balance

Long leasehold land is not depreciated.

No depreciation is charged on long leasehold land and buildings as the directors are of the opinion that the residual value of this asset is in excess to its carrying amount in the financial statements.

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.

1.7
Fixed asset investments

The fixed asset investment relates to class motor vehicle that is valued at historical cost less provision for any diminution in value.

1.8
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible 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.

1.9
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell. Cost comprises direct materials and, where applicable, costs that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.10
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.

BARTON AND REDMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 16 -
1.11
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.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

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.

BARTON AND REDMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 17 -
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.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.12
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.13
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.

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.

BARTON AND REDMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 18 -
1.14
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.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.15
Retirement benefits

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

1.16
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.17
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.18
Company information

Barton and Redman Limited is a private company limited by shares incorporated in England and Wales. The registered office is Strawberry House, New Smithfield Market, Whitworth Street East, Openshaw, Manchester, M11 2WJ.

BARTON AND REDMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 19 -
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.

Key sources of estimation uncertainty

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows:-

Depreciation of long leasehold buildings

No depreciation is charged on long leasehold land and buildings as the directors are of the opinion that the residual value of this asset is in excess to its carrying amount in the financial statements.

3
Turnover and other revenue
2025
2024
£
£
Turnover analysed by class of business
Sale of goods
76,052,959
70,934,184
Rendering of services
61,914
40,411
Advertising
20,000
-
76,134,873
70,974,595
2025
2024
£
£
Other revenue
Interest income
14,376
21,796
Rental income
-
24,510

The whole of the turnover is attributable to the principal activity of the company wholly undertaken in the United Kingdom.

4
Operating profit
2025
2024
Operating profit for the period is stated after charging/(crediting):
£
£
Exchange gains
(2,095)
(25,426)
Depreciation of owned tangible fixed assets
163,839
69,791
Depreciation of tangible fixed assets held under finance leases
206,247
252,217
(Profit)/loss on disposal of tangible fixed assets
-
162,273
Operating lease charges
38,653
49,995
BARTON AND REDMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 20 -
5
Auditor's remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the company
18,000
18,000
6
Employees

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

2025
2024
Number
Number
Employees
74
75

Their aggregate remuneration comprised:

2025
2024
£
£
Wages and salaries
3,101,029
2,944,731
Social security costs
361,781
295,303
Pension costs
130,015
221,823
3,592,825
3,461,857
7
Directors' remuneration
2025
2024
£
£
Remuneration for qualifying services
45,700
81,659
Company pension contributions to defined contribution schemes
10,449
41,054
56,149
122,713

The number of directors for whom retirement benefits are accruing under defined contribution schemes amounted to 2 (2024 - 4).

8
Interest receivable and similar income
2025
2024
£
£
Interest income
Interest on bank deposits
14,376
21,796
BARTON AND REDMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
8
Interest receivable and similar income
(Continued)
- 21 -
2025
2024
Investment income includes the following:
£
£
Interest on financial assets not measured at fair value through profit or loss
14,376
21,796
9
Interest payable and similar expenses
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
73,360
17,039
Other finance costs:
Interest on finance leases and hire purchase contracts
55,641
33,393
Other interest
5,030
962
134,031
51,394
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
760,460
1,016,477
Deferred tax
Origination and reversal of timing differences
158,464
37,261
Total tax charge
918,924
1,053,738

The actual charge for the period can be reconciled to the expected charge for the period based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
3,372,163
4,176,640
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
843,041
1,044,160
Tax effect of expenses that are not deductible in determining taxable profit
75,883
9,578
Taxation charge for the period
918,924
1,053,738
BARTON AND REDMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 22 -
11
Dividends
2025
2024
£
£
Interim paid
776,000
1,697,000
12
Intangible fixed assets
Goodwill
£
Cost
At 26 October 2024 and 31 October 2025
239,965
Amortisation and impairment
At 26 October 2024 and 31 October 2025
239,965
Carrying amount
At 31 October 2025
-
0
At 25 October 2024
-
0
13
Tangible fixed assets
Leasehold land and buildings
Leasehold improvements
Plant and machinery
Fixtures, fittings and equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 26 October 2024
3,208,379
97,818
461,696
183,991
1,681,499
5,633,383
Additions
-
0
-
0
122,270
45,408
871,552
1,039,230
At 31 October 2025
3,208,379
97,818
583,966
229,399
2,553,051
6,672,613
Depreciation and impairment
At 26 October 2024
-
0
97,818
285,233
90,708
673,605
1,147,364
Depreciation charged in the period
-
0
-
0
29,873
20,804
319,409
370,086
At 31 October 2025
-
0
97,818
315,106
111,512
993,014
1,517,450
Carrying amount
At 31 October 2025
3,208,379
-
0
268,860
117,887
1,560,037
5,155,163
At 25 October 2024
3,208,379
-
0
176,463
93,283
1,007,894
4,486,019

Tangible fixed assets includes assets held under finance leases or hire purchase contracts, as follows:

2025
2024
£
£
Motor vehicles
1,076,974
906,734
BARTON AND REDMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 23 -
14
Fixed asset investments
2025
2024
£
£
Unlisted investments
31,200
31,200

The fixed asset investment held by the company relates to a classic lorry which is included in these financial statements at its original cost price.

15
Stocks
2025
2024
£
£
Raw materials and consumables
677,401
490,640
16
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
7,606,721
7,251,490
Other debtors
4,773,570
4,799,643
Prepayments and accrued income
-
0
339,548
12,380,291
12,390,681
2025
2024
Amounts falling due after more than one year:
£
£
Other debtors
232,160
-
0
Total debtors
12,612,451
12,390,681
BARTON AND REDMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 24 -
17
Creditors: amounts falling due within one year
2025
2024
Notes
£
£
Bank loans and overdrafts
19
595,697
1,261,928
Obligations under finance leases
20
342,942
325,836
Trade creditors
7,128,937
5,251,196
Corporation tax
260,405
616,422
Other taxation and social security
61,683
27,695
Other creditors
3,397,463
697,158
Accruals and deferred income
1,471,151
2,354,725
13,258,278
10,534,960

Obligations under finance lease and hire purchase contracts are secured on the assets which they relate to.

18
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans
19
-
0
1,057,666
Obligations under finance leases
20
475,315
254,693
475,315
1,312,359

Obligations under finance lease and hire purchase contracts are secured on the assets which they relate to.

Amounts included above which fall due after five years are as follows:
Payable by instalments
-
604,958
19
Loans and overdrafts
2025
2024
£
£
Bank loans
-
0
1,170,843
Bank overdrafts
595,697
1,148,751
595,697
2,319,594
Payable within one year
595,697
1,261,928
Payable after one year
-
0
1,057,666

The bank loan and overdraft are secured by a debenture dated 3 November 1997 over all the assets of the company and a legal charge dated 3 December 2019 over the company's property.

BARTON AND REDMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 25 -
20
Finance lease obligations
2025
2024
Future minimum lease payments due under finance leases:
£
£
Within one year
342,942
325,836
In two to five years
475,315
254,693
818,257
580,529

Finance lease payments represent rentals payable by the company for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 3 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

21
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2025
2024
Balances:
£
£
Accelerated capital allowances
511,022
352,558
2025
Movements in the period:
£
Liability at 26 October 2024
352,558
Charge to profit or loss
158,464
Liability at 31 October 2025
511,022
22
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
130,015
221,823

The company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the company in an independently administered fund.

BARTON AND REDMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 26 -
23
Share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary 'A' shares of £1 each
0
55
-
0
55
Ordinary 'B' shares of £1 each
100
100
100
100
Ordinary 'E' shares of £1 each
29
29
29
29
Ordinary 'F' shares of £1 each
40
40
40
40
Ordinary 'G' shares of £1 each
10
10
10
10
179
234
179
234

On 1 April 2025, 55 Ordinary 'A' shares of £1 each were repurchased and cancelled by the company. The consideration paid was £4,000,000. The shares purchased represented 23.50% of the total issued share capital of the company at that time.

All shares rank pari passu and have equal voting rights and rights to distributions with the exception of the Ordinary 'G' shares of £1 each which entitle to the holders thereof to a dividend of capital for the time being paid up thereon at such percentage rate per annum as the holders of the Ordinary 'A' to Ordinary 'F' shares shall determine in a general meeting by ordinary resolution. On a winding up involving a return of capital to a sum representing 0.1% of the value of surplus assets available for distribution to the members and in the case of a sale of the shares to 0.1% of the total consideration paid. The Ordinary 'G' shares of £1 each are non-voting shares.

24
Financial commitments, guarantees and contingent liabilities

There is a cross guarantee in place between Barton And Redman Limited and E & E Barton Estates Limited. As at 31 October 2025, the amount guaranteed was £1,727,240 (2024: £1,098,626).

25
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, which fall due as follows:

2025
2024
£
£
Within 1 year
17,113
30,716
Years 2-5
-
0
15,358
17,113
46,074
BARTON AND REDMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 27 -
26
Related party transactions

During the year, the company entered into the following transactions with related parties:-

During the year, the company made fruit and vegetable sales to Strawberry Catering Limited amounting to £1,707,421 (2024 - £1,837,725) and purchases of £6,871 (2024 - £6,271). Strawberry Catering Limited is a limited company that is controlled by a sibling of the former director of the company and who is the brother of the current directors. As at 31 October 2025, the balance owed by Strawberry Catering Limited to the company was £31,438 (2024 - £72,819), and the balance owed to Strawberry Catering Limited was £240 (2024 - £400,114).

During the year, the company rented premises from E & E Barton Estates Limited and paid rent to that company amounting to £720,000 (2024: £nil). E & E Barton Estates Limited is a limited company that has has common directors and shareholders with Barton and Redman Limited. Included in other debtors falling due within one year is a loan balance due from E & E Barton Estates Limited amounting to £4,084,711 (2024 - £4,049,211). The loan is unsecured and repayable on demand. No interest was charged on the loan during the period.

27
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
M P Barton -
-
-
1,227,078
(2,390,215)
(1,163,137)
N J Barton -
-
8,923
466,801
(1,540,800)
(1,065,076)
8,923
1,693,879
(3,931,015)
(2,228,213)
28
Ultimate controlling party

The company is controlled by its directors by virtue of their controlling shareholding.

BARTON AND REDMAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2025
- 28 -
29
Cash generated from operations
2025
2024
£
£
Profit after taxation
2,453,239
3,122,902
Adjustments for:
Taxation charged
918,924
1,053,738
Finance costs
134,031
51,394
Investment income
(14,376)
(21,796)
(Gain)/loss on disposal of tangible fixed assets
-
162,273
Depreciation and impairment of tangible fixed assets
370,086
322,008
Movements in working capital:
(Increase)/decrease in stocks
(186,761)
74,812
Increase in debtors
(221,770)
(2,944,305)
Increase in creditors
3,728,460
1,597,158
Cash generated from operations
7,181,833
3,418,184
30
Analysis of changes in net debt
26 October 2024
Cash flows
New leases
31 October 2025
£
£
£
£
Cash at bank and in hand
1,900,980
(1,375,642)
-
525,338
Bank overdrafts
(1,148,751)
553,054
-
(595,697)
752,229
(822,588)
-
0
(70,359)
Borrowings excluding overdrafts
(1,170,843)
1,170,843
-
-
Lease liabilities
(580,529)
543,232
(780,960)
(818,257)
(999,143)
891,487
(780,960)
(888,616)
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