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REGISTERED NUMBER: 09952400 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BARRETT GROUP UK LIMITED

BARRETT GROUP UK LIMITED (REGISTERED NUMBER: 09952400)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BARRETT GROUP UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: B P Barrett
Mrs A J Barrett





REGISTERED OFFICE: Sixth Avenue
Flixborough Industrial Estate
Scunthorpe
Lincolnshire
DN15 8SH





REGISTERED NUMBER: 09952400 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Lincoln) Ltd
Landmark House
1 Riseholme Road
Lincoln
Lincolnshire
LN1 3SN

BARRETT GROUP UK LIMITED (REGISTERED NUMBER: 09952400)

ABRIDGED BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 39,196 52,263
Investments 4 102 102
39,298 52,365

CURRENT ASSETS
Debtors 612,459 499,419
Cash at bank 31,008 579,206
643,467 1,078,625
CREDITORS
Amounts falling due within one year 546,267 1,020,916
NET CURRENT ASSETS 97,200 57,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,498

110,074

CREDITORS
Amounts falling due after more than one year - (4,488 )

PROVISIONS FOR LIABILITIES (3,458 ) (9,930 )
NET ASSETS 133,040 95,656

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 133,036 95,652
133,040 95,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

BARRETT GROUP UK LIMITED (REGISTERED NUMBER: 09952400)

ABRIDGED BALANCE SHEET - continued
28 FEBRUARY 2023


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 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:





B P Barrett - Director


BARRETT GROUP UK LIMITED (REGISTERED NUMBER: 09952400)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 15 ) .

BARRETT GROUP UK LIMITED (REGISTERED NUMBER: 09952400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022
and 28 February 2023 148,227
DEPRECIATION
At 1 March 2022 95,964
Charge for year 13,067
At 28 February 2023 109,031
NET BOOK VALUE
At 28 February 2023 39,196
At 28 February 2022 52,263

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 March 2022
and 28 February 2023 102
NET BOOK VALUE
At 28 February 2023 102
At 28 February 2022 102

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
B P Barrett
Balance outstanding at start of year 114,936 113,264
Amounts advanced 25,476 51,828
Amounts repaid - (50,156 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 140,412 114,936

Mrs A J Barrett
Balance outstanding at start of year 117,973 114,051
Amounts advanced 25,475 54,744
Amounts repaid - (50,822 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 143,448 117,973

BARRETT GROUP UK LIMITED (REGISTERED NUMBER: 09952400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

£99,383 was repaid by Mr B Barrett within 9 months of the year-end.