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Registration number: 07580846

Barsby Produce Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

Barsby Produce Limited

Contents

Company Information | 1
Statement of financial position | 2
Notes to the Unaudited Financial Statements | 3 to 9

Barsby Produce Limited

Company Information

Directors | Mr B Keeley Dr NJ Hancock Mr PG Hancock

Registered office | Unit 21 Horsley's Fields King's Lynn Norfolk PE30 5DD

Accountants | Hayhow & Co. Chartered Certified Accountants & Business AdvisersUnit 21 Horsley's Fields Kings Lynn Norfolk PE30 5DD

Barsby Produce Limited

(Registration number: 07580846)
Statement of financial position as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 6 | 598,393 | 676,063
Current assets |  |  |
Stocks | 7 | 197,074 | 214,144
Debtors | 8 | 752,197 | 942,958
Cash at bank and in hand |  | 1,156,977 | 1,406,994
|  | 2,106,248 | 2,564,096
Creditors: Amounts falling due within one year | 9 | (1,115,416) | (1,171,107)
Net current assets |  | 990,832 | 1,392,989
Total assets less current liabilities |  | 1,589,225 | 2,069,052
Provisions for liabilities |  | (169,048) | (170,898)
Net assets |  | 1,420,177 | 1,898,154
Capital and reserves |  |  |
Called up share capital | 10 | 125 | 125
Share premium reserve |  | 161,939 | 161,939
Retained earnings |  | 1,258,113 | 1,736,090
Shareholders' funds |  | 1,420,177 | 1,898,154

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of comprehensive income.

Approved and authorised by the Board on 4 June 2026 and signed on its behalf by:

......................................... Mr B Keeley Director

Barsby Produce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 21 Horsley's Fields
King's Lynn
Norfolk
PE30 5DD

The principal place of business is:
Merchant Close
Old meadow Road
Hardwick Ind Est
King's Lynn
Norfolk
PE30 4JX

These financial statements were authorised for issue by the Board on 4 June 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Barsby Produce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Long Leasehold | 10% straight line
Plant and machinery | 25% reducing balance
Fittings fixtures and equipment | 25% reducing balance
Motor vehicles | 25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Barsby Produce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 44 (2025 - 47).

Barsby Produce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

4 | Profit before tax

Arrived at after charging/(crediting)

| 2026 £ | 2025 £
Depreciation expense | 195,752 | 234,897

5 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 April 2025 | 11,662 | 11,662
At 31 March 2026 | 11,662 | 11,662
Amortisation
At 1 April 2025 | 11,662 | 11,662
At 31 March 2026 | 11,662 | 11,662
Carrying amount
At 31 March 2026 | - | -

Barsby Produce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

6 | Tangible assets

| Long leasehold land and buildings £ | Fixtures and fittings £ | Plant and machinery £ | Motor vehicles £
Cost or valuation
At 1 April 2025 | 723,348 | 85,833 | 386,412 | 741,514
Additions | - | 12,259 | 2,482 | 103,444
Disposals | (1,038) | - | - | -
At 31 March 2026 | 722,310 | 98,092 | 388,894 | 844,958
Depreciation
At 1 April 2025 | 534,894 | 64,605 | 307,298 | 354,247
Charge for the year | 70,146 | 8,377 | 20,410 | 96,819
Eliminated on disposal | (935) | - | - | -
At 31 March 2026 | 604,105 | 72,982 | 327,708 | 451,066
Carrying amount
At 31 March 2026 | 118,205 | 25,110 | 61,186 | 393,892
At 31 March 2025 | 188,454 | 21,228 | 79,114 | 387,267

| Total £
Cost or valuation
At 1 April 2025 | 1,937,107
Additions | 118,185
Disposals | (1,038)
At 31 March 2026 | 2,054,254
Depreciation
At 1 April 2025 | 1,261,044
Charge for the year | 195,752
Eliminated on disposal | (935)
At 31 March 2026 | 1,455,861
Carrying amount
At 31 March 2026 | 598,393
At 31 March 2025 | 676,063

Barsby Produce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

7 | Stocks

| 2026 £ | 2025 £
Other inventories | 197,074 | 214,144

8 | Debtors

Current | 2026 £ | 2025 £
Trade debtors | 647,801 | 824,321
Prepayments | 11,011 | 13,150
Other debtors | 93,385 | 105,487
| 752,197 | 942,958

9 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Trade creditors |  | 602,901 | 624,550
Amounts due to related parties | 11 | 203,873 | 183,329
Social security and other taxes |  | 25,763 | 28,644
Outstanding defined contribution pension costs |  | 3,100 | 661
Other payables |  | 21,498 | 18,157
Accruals |  | 11,808 | 19,016
Tax liability |  | 246,473 | 296,750
|  | 1,115,416 | 1,171,107

Barsby Produce Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

10 | Share capital

Allotted, called up and fully paid shares

| 2026 | 2025
| No. | £ | No. | £
Ordinary A Shares of £1 each | 100 | 100 | 100 | 100
Ordinary B Shares of £1 each | 25 | 25 | 25 | 25
| 125 | 125 | 125 | 125

Each share is entitled to one vote in any circumstances and each share is also entitled pari passu to dividend payments or any other distribution, including a distribution arising from a winding up of the company.

11 | Related party transactions

Expenditure with and payables to related parties

2026 | Parent £
Rent | 132,000

2025 | Parent £
Rent | 132,000

Loans to related parties

2026 | Parent £ | Total £
At start of period | 183,329 | 183,329
Advanced | 20,544 | 20,544
At end of period | 203,873 | 203,873

2025 | Parent £ | Total £
At start of period | 160,170 | 160,170
Advanced | 23,159 | 23,159
At end of period | 183,329 | 183,329

Hepworth Holdings (East Anglia) Limited is the parent company. The directors of Barsby Produce Limited are also directors of Hepworth Holdings (East Anglia) Limited.