C. & H. (Barton) Limited - Accounts to registrar (filleted) - small 22.3

C. & H. (BARTON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST AUGUST 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

8

DIRECTORS:

S E Hill

A Hill

SECRETARY:

S E Hill

REGISTERED OFFICE:

First Floor, Woburn Court

2 Railton Road

Woburn Road Industrial Estate, Kempston

Bedford

Bedfordshire

MK42 7PN

REGISTERED NUMBER:

00607738 (England and Wales)

ACCOUNTANTS:

Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

FIXED ASSETS

Tangible assets

4

144,713

135,315

CURRENT ASSETS

Stocks

80,995

82,857

Debtors

5

151,968

200,365

Cash at bank and in hand

142,297

72,211

375,260

355,433

CREDITORS

Amounts falling due within one year

6

328,443

324,512

NET CURRENT ASSETS

46,817

30,921

TOTAL ASSETS LESS CURRENT LIABILITIES

191,530

166,236

CREDITORS

Amounts falling due after more than one year

7

(19,831

)

(25,578

)

PROVISIONS FOR LIABILITIES

(6,693

)

(5,527

)

NET ASSETS

165,006

135,131

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

164,896

135,021

SHAREHOLDERS' FUNDS

165,006

135,131

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 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 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th December 2022 and were signed on its behalf by:

A Hill - Director

1.	STATUTORY INFORMATION

C. & H. (Barton) 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents net sales in the shop excluding value added tax and including prescriptions.

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.

Improvements to property

-

5% on reducing balance

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.

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 20 (2021 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1st September 2021

64,542

66,474

979

Additions

-

5,793

-

Disposals

-

-

-

At 31st August 2022

64,542

72,267

979

DEPRECIATION

At 1st September 2021

-

26,708

385

Charge for year

-

2,189

59

Eliminated on disposal

-

-

-

At 31st August 2022

-

28,897

444

NET BOOK VALUE

At 31st August 2022

64,542

43,370

535

At 31st August 2021

64,542

39,766

594

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st September 2021

98,460

11,575

242,030

Additions

10,406

-

16,199

Disposals

(2,268

)

-

(2,268

)

At 31st August 2022

106,598

11,575

255,961

DEPRECIATION

At 1st September 2021

69,912

9,710

106,715

Charge for year

3,237

466

5,951

Eliminated on disposal

(1,418

)

-

(1,418

)

At 31st August 2022

71,731

10,176

111,248

NET BOOK VALUE

At 31st August 2022

34,867

1,399

144,713

At 31st August 2021

28,548

1,865

135,315

The net book value of tangible fixed assets includes £ 6,734 in respect of assets held under hire purchase contracts or finance leases.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/22

31/8/21

£

£

Trade debtors

97,944

168,383

Other debtors

848

512

Tax

4,679

4,679

VAT

30,080

20,944

Prepayments and accrued income

18,417

5,847

151,968

200,365

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/8/22

31/8/21

£

£

Bank loans and overdrafts

5,747

42,421

Trade creditors

184,697

162,792

Corporation tax

17,620

9,914

Net wages outstanding

-

33

Shareholder loan

77,981

77,981

Pension fund

281

365

Directors' current accounts

38,269

28,006

Accrued expenses

3,848

3,000

328,443

324,512

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/8/22

31/8/21

£

£

Bank loans

19,831

25,578

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31/8/22

31/8/21

£

£

Within one year

8,506

-

Between one and five years

32,606

-

41,112

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31/8/22

31/8/21

£

£

Bank loans

25,578

67,999

The bank loan is secured by a fixed charge over the company's freehold premises and land.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Hill.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of C. & H. (Barton) Limited for the year ended 31st August 2022 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of C. & H. (Barton) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of C. & H. (Barton) Limited and state those matters that we have agreed to state to the Board of Directors of C. & H. (Barton) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than C. & H. (Barton) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that C. & H. (Barton) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of C. & H. (Barton) Limited. You consider that C. & H. (Barton) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of C. & H. (Barton) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haines Watts

First Floor, Woburn Court

2 Railton Road

Woburn Rd Ind Est

Kempston

Bedfordshire

MK42 7PN

19th December 2022