Barber,wilsons And Company Limited - Accounts to registrar (filleted) - small 23.1.2

Barber,wilsons And Company Limited - Accounts to registrar (filleted) - small 23.1.2

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 2022

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 2022




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 2022







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 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 76,717 88,446

CURRENT ASSETS
Stocks 348,354 401,432
Debtors 5 518,540 286,684
Cash at bank and in hand 320,858 91,114
1,187,752 779,230
CREDITORS
Amounts falling due within one year 6 287,577 291,715
NET CURRENT ASSETS 900,175 487,515
TOTAL ASSETS LESS CURRENT LIABILITIES 976,892 575,961

CREDITORS
Amounts falling due after more than one
year
7
27,500
37,500
NET ASSETS 949,392 538,461

CAPITAL AND RESERVES
Called up share capital 9 250,000 250,000
Retained earnings 699,392 288,461
SHAREHOLDERS' FUNDS 949,392 538,461

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2022 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 2022


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 2023 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 2022

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

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.

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.

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022

2. ACCOUNTING POLICIES - continued

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 20 (2021 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2022 604,304
Additions 4,229
At 31st December 2022 608,533
DEPRECIATION
At 1st January 2022 515,858
Charge for year 15,958
At 31st December 2022 531,816
NET BOOK VALUE
At 31st December 2022 76,717
At 31st December 2021 88,446

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 501,798 270,009
Other debtors 16,742 16,675
518,540 286,684

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 10,218
Trade creditors 152,648 193,728
Taxation and social security 74,225 37,065
Other creditors 50,704 50,704
287,577 291,715

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 27,500 37,500

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 2022 2021
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