Registration number: SC747696

Barr Trade Services Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Barr Trade Services Ltd

Company Information

Director	Mr J C Barr

Registered office

241 North Street Glasgow Scotland G3 7DL

Barr Trade Services Ltd

(Registration number: SC747696)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	128,781	152,861
Current assets
Stocks	5	16,550	16,000
Debtors	6	74,890	40,911
Cash at bank and in hand		8,815	2,987
		100,255	59,898
Creditors: Amounts falling due within one year	7	(217,856)	(191,413)
Net current liabilities		(117,601)	(131,515)
Total assets less current liabilities		11,180	21,346
Creditors: Amounts falling due after more than one year	7	(123,897)	(138,381)
Provisions for liabilities		(962)	(5,191)
Net liabilities		(113,679)	(122,226)
Capital and reserves
Called up share capital	8	100	100
Retained earnings		(113,779)	(122,326)
Shareholders' deficit		(113,679)	(122,226)

For the financial year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 14 July 2026
 

......................................... Mr J C Barr Director

Barr Trade Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
241 North Street
Glasgow
G3 7DL
Scotland

These financial statements were authorised for issue by the director on 14 July 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 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.

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.

Barr Trade Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Tangible assets

Tangible assets are stated in the balance sheet 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
Leasehold improvements	10% Straight line
Fixtures and fittings	25% Straight line
Plant and machinery	25% Straight line
Lease Premium	5% 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.

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. Cost is determined using the first-in, first-out (FIFO) method.

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.

Barr Trade Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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 the director) during the year, was 25 (2024 - 32).

Barr Trade Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 November 2024	108,494	34,527	53,712	196,733
Additions	-	1,988	4,168	6,156
Disposals	-	(175)	(6,953)	(7,128)
At 31 October 2025	108,494	36,340	50,927	195,761
Depreciation
At 1 November 2024	6,424	16,534	20,914	43,872
Charge for the year	7,028	8,765	12,380	28,173
Eliminated on disposal	-	(66)	(4,999)	(5,065)
At 31 October 2025	13,452	25,233	28,295	66,980
Carrying amount
At 31 October 2025	95,042	11,107	22,632	128,781
At 31 October 2024	102,070	17,993	32,798	152,861

Included within the net book value of land and buildings above is £95,042 (2024 - £102,070) in respect of short leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	16,550	16,000

6

Debtors

Current	2025 £	2024 £
Prepayments	1,050	2,850
Other debtors	73,840	38,061
	74,890	40,911

Barr Trade Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	14,264	14,268
Trade creditors		18,926	39,152
Taxation and social security		132,945	135,772
Accruals and deferred income		4,760	-
Other creditors		46,961	2,221
		217,856	191,413

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	123,897	138,381

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	123,897	138,381

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	14,264	14,263
Other borrowings	-	5
	14,264	14,268

Barr Trade Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

10	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	23,511	23,511
Later than one year and not later than five years	94,045	94,045
Later than five years	352,954	370,719
	470,510	488,275

The amount of non-cancellable operating lease payments recognised as an expense during the year was £23,226 (2024 - £33,913).

11	Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £138,162 (2024 - £152,645). Caledonian Heritable Limited hold a Bond and Floating charge as well as Standard Security over the property at 160, 162, 164 and 166 Dumbarton Road Glasgow and 4 Dalcross Road Glasgow.

12	Related party transactions

Transactions with the director

2025	At 1 November 2024 £	Advances to director £	At 31 October 2025 £
Mr J C Barr
Loan to director	-	23,614	23,614

Summary of transactions with other related parties

Transactions with other Related Parties As at the year end a balance of £18,036 was due from Public Bier Halles Bars and Clubs Ltd (2024 - £2791) - a related party.

As at the year end a blance of £24,005 was due from Barr Management Services Ltd (2024 - 34,270) - a related party.