Barrelheads Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08674671 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022

FOR

BARRELHEADS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S Goelkel

REGISTERED OFFICE:

31 Albert Bridge Road

London

SW11 4PX

REGISTERED NUMBER:

08674671 (England and Wales)

ACCOUNTANTS:

TaxAgility Accountants Ltd

Chartered Accountants

34 Lower Richmond Road

Putney

London

SW15 1JP

FIXED ASSETS

Property, plant and equipment

4

3,340

4,675

CURRENT ASSETS

Inventories

557,044

519,951

Debtors

5

337,157

1,114

Cash at bank

15,061

30,465

909,262

551,530

CREDITORS

Amounts falling due within one year

6

(1,186,237

)

(999,329

)

NET CURRENT LIABILITIES

(276,975

)

(447,799

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(273,635

)

(443,124

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(273,735

)

(443,224

)

SHAREHOLDERS' FUNDS

(273,635

)

(443,124

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2023 and were signed by:

Mr S Goelkel - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue 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

-

25% on cost

Fixtures and fittings

-

25% on cost

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 October 2021

and 30 September 2022

3,750

1,992

5,742

DEPRECIATION

At 1 October 2021

72

995

1,067

Charge for year

919

416

1,335

At 30 September 2022

991

1,411

2,402

NET BOOK VALUE

At 30 September 2022

2,759

581

3,340

At 30 September 2021

3,678

997

4,675

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Other debtors

337,157

1,114

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.22

30.9.21

£

£

Amounts owed to group undertakings

419,394

419,394

Other creditors

766,843

579,935

1,186,237

999,329

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.22

30.9.21

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 October 2021

(443,224

)

Profit for the year

169,489

At 30 September 2022

(273,735

)

9.	RELATED PARTY DISCLOSURES

It is confirmed that the director’s current account is debited with personal transactions and credited with

director’s remuneration as well as dividends.

The loan is unsecured, interest free and no repayment terms have been agreed. The balance owing to Mr S Goelkel was £762,320 (2021: £554,548)

The Company has taken advantage of exemption, under the terms of Financial Reporting Standard for Smaller Entities(effective January 2015), not to disclose related transactions with wholly owned subsidiaries within the group.

10.	ULTIMATE CONTROLLING PARTY

The parent undertaking of the Company is Sobetho GmbH, ac company incorporated in Germany. The director, Mr S Goelkel, is the ultimate controlling party.