Barber,wilsons And Company Limited - Accounts to registrar (filleted) - small 18.2

Barber,wilsons And Company Limited - Accounts to registrar (filleted) - small 18.2

BARBER,WILSONS AND COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 00100285 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

FOR

BARBER,WILSONS AND COMPANY LIMITED
BARBER,WILSONS AND COMPANY LIMITED (REGISTERED NUMBER: 00100285)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARBER,WILSONS AND COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2021







DIRECTORS: J S Bigland
A D Warren





SECRETARY: S Henison





REGISTERED OFFICE: Crawley Road
Westbury Avenue
Wood Green
London
N22 6AH





REGISTERED NUMBER: 00100285 (England and Wales)





ACCOUNTANTS: Avraam Associates Limited
Chartered Accountants
495 Green Lanes
London
N13 4BS
Page 1
BARBER,WILSONS AND COMPANY LIMITED (REGISTERED NUMBER: 00100285)

BALANCE SHEET
31ST DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,446 68,935

CURRENT ASSETS
Stocks 401,432 320,363
Debtors 5 286,684 239,333
Cash at bank and in hand 91,114 245,182
779,230 804,878
CREDITORS
Amounts falling due within one year 6 291,715 305,787
NET CURRENT ASSETS 487,515 499,091
TOTAL ASSETS LESS CURRENT LIABILITIES 575,961 568,026

CREDITORS
Amounts falling due after more than one
year
7
37,500
47,500
NET ASSETS 538,461 520,526

CAPITAL AND RESERVES
Called up share capital 9 250,000 250,000
Retained earnings 288,461 270,526
SHAREHOLDERS' FUNDS 538,461 520,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 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 notes form part of these financial statements

Page 2 continued...
BARBER,WILSONS AND COMPANY LIMITED (REGISTERED NUMBER: 00100285)

BALANCE SHEET - continued
31ST DECEMBER 2021


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 29th September 2022 and were signed on its behalf by:





J S Bigland - Director


The notes form part of these financial statements

Page 3
BARBER,WILSONS AND COMPANY LIMITED (REGISTERED NUMBER: 00100285)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021

1. STATUTORY INFORMATION

Barber,wilsons And Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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


2. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Government grants
Government grants relate to grants receivable under the Coronavirus Job Retention Scheme and are accounted for under the accruals model.

Grants relating to revenue are recognised in income on a systematic basis over the period in which the entity recognises the related costs for which the grant is intended to compensate.

Grants receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

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.


Page 4 continued...
BARBER,WILSONS AND COMPANY LIMITED (REGISTERED NUMBER: 00100285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2020 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2021 570,680
Additions 33,624
At 31st December 2021 604,304
DEPRECIATION
At 1st January 2021 501,745
Charge for year 14,113
At 31st December 2021 515,858
NET BOOK VALUE
At 31st December 2021 88,446
At 31st December 2020 68,935

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 270,009 222,667
Other debtors 16,675 16,666
286,684 239,333

Page 5 continued...
BARBER,WILSONS AND COMPANY LIMITED (REGISTERED NUMBER: 00100285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 10,218 2,500
Trade creditors 193,728 178,588
Taxation and social security 37,065 66,556
Other creditors 50,704 58,143
291,715 305,787

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 37,500 47,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 7,500

8. SECURED DEBTS

The bank has a mortgage debenture incorporating a fixed and floating charge over the current assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
250,000 Ordinary £1 250,000 250,000

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the two directors, Mr A Warren and Mr J Bigland by virtue of their shareholding in Barber, Wilsons & Company (Holdings) Limited, the ultimate parent company.

Page 6