Chris Barber Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01609603 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2023

FOR

CHRIS BARBER LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Barber

Mrs F H Barber

REGISTERED OFFICE:

Berryfields Farm

Berkswell Road

Meriden

Coventry

West Midlands

CV7 7LB

REGISTERED NUMBER:

01609603 (England and Wales)

BANKERS:

HSBC

99 High Street

Coleshill

Birmingham

West Midlands

B46 3AQ

FIXED ASSETS

Tangible assets

4

1,303,232

1,328,047

CURRENT ASSETS

Stocks

119,880

74,685

Debtors

877,583

757,081

Cash in hand

15,369

12,994

1,012,832

844,760

CREDITORS

Amounts falling due within one year

407,071

326,900

NET CURRENT ASSETS

605,761

517,860

TOTAL ASSETS LESS CURRENT LIABILITIES

1,908,993

1,845,907

CREDITORS

Amounts falling due after more than one year

5

(768,544

)

(719,398

)

PROVISIONS FOR LIABILITIES

(89,137

)

(67,052

)

NET ASSETS

1,051,312

1,059,457

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,051,212

1,059,357

SHAREHOLDERS' FUNDS

1,051,312

1,059,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 October 2023 and were signed on its behalf by:

C Barber - Director

1.	STATUTORY INFORMATION

Chris Barber 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Irrigation/manure sheds and pig units

-

5% on reducing balance

Plant and equipment

-

15% on reducing balance

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Property improvements

-

not provided

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 46 (2022 - 47 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 31 March 2022

2,477,565

Additions

55,648

Disposals

(733

)

At 30 March 2023

2,532,480

DEPRECIATION

At 31 March 2022

1,149,518

Charge for year

79,739

Eliminated on disposal

(9

)

At 30 March 2023

1,229,248

NET BOOK VALUE

At 30 March 2023

1,303,232

At 30 March 2022

1,328,047

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 31 March 2022

and 30 March 2023

49,935

DEPRECIATION

At 31 March 2022

2,081

Charge for year

11,963

At 30 March 2023

14,044

NET BOOK VALUE

At 30 March 2023

35,891

At 30 March 2022

47,854

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2023

2022

£

£

Repayable by instalments

Bank loans - more than 5 years

426,779

428,719

6.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank overdrafts

151,345

125,681

Bank loan

787,717

729,290

Hire purchase contracts

40,500

45,240

979,562

900,211

7.	PENSION COMMITMENTS

At the balance sheet date, unpaid contributions of £4,081 (2022 - £3,167) were due to the fund.