Company Registration No. SC694170 (Scotland)
Barrett Farms Limited
Unaudited accounts
for the year ended 31 March 2023
Barrett Farms Limited
Unaudited accounts
Contents
Barrett Farms Limited
Company Information
for the year ended 31 March 2023
Directors
George Barrett
Richard Barrett
Kathryn Barrett
Company Number
SC694170 (Scotland)
Registered Office
UPPER DRUMGLEY FARM
UPPER DRUMGLEY FARM
FORFAR
FORFAR
DD8 1PW
SCOTLAND
Accountants
John Mc Crossan
24B Evish Rd
Strabane
Tyrone
BT82 8NQ
Barrett Farms Limited
Statement of financial position
as at 31 March 2023
Intangible assets
223,200
297,600
Tangible assets
261,339
186,547
Inventories
117,181
103,381
Cash at bank and in hand
-
28,681
Creditors: amounts falling due within one year
(540,995)
(222,860)
Net current liabilities
(311,828)
(2,765)
Total assets less current liabilities
172,711
481,382
Creditors: amounts falling due after more than one year
(176,784)
(508,470)
Net liabilities
(4,073)
(27,088)
Called up share capital
3
3
Profit and loss account
(4,076)
(27,091)
Shareholders' funds
(4,073)
(27,088)
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2022 and were signed on its behalf by
George Barrett
Director
Company Registration No. SC694170
Barrett Farms Limited
Notes to the Accounts
for the year ended 31 March 2023
Barrett Farms Limited is a private company, limited by shares, registered in Scotland, registration number SC694170. The registered office is UPPER DRUMGLEY FARM, UPPER DRUMGLEY FARM, FORFAR, FORFAR, DD8 1PW, SCOTLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
74,400
Barrett Farms Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery
Charge for the year
23,318
Amounts falling due within one year
Trade debtors
101,317
64,849
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
286,100
-
Trade creditors
179,115
175,246
Taxes and social security
5,580
4,414
Other creditors
70,200
43,200
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
176,784
508,470
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).