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REGISTERED NUMBER: 09952400 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BARRETT GROUP UK LIMITED

BARRETT GROUP UK LIMITED (REGISTERED NUMBER: 09952400)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


BARRETT GROUP UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







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
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 31,543 39,196
Investments 4 102 102
31,645 39,298

CURRENT ASSETS
Debtors 557,528 612,459
Cash at bank 116,317 31,008
673,845 643,467
CREDITORS
Amounts falling due within one year 583,255 546,267
NET CURRENT ASSETS 90,590 97,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

122,235

136,498

PROVISIONS FOR LIABILITIES 2,487 3,458
NET ASSETS 119,748 133,040

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 119,744 133,036
119,748 133,040

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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
29 FEBRUARY 2024


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 29 February 2024 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 13 November 2024 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 29 FEBRUARY 2024

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 11 (2023 - 13 ) .

BARRETT GROUP UK LIMITED (REGISTERED NUMBER: 09952400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2023 148,227
Additions 2,425
At 29 February 2024 150,652
DEPRECIATION
At 1 March 2023 109,031
Charge for year 10,078
At 29 February 2024 119,109
NET BOOK VALUE
At 29 February 2024 31,543
At 28 February 2023 39,196

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 March 2023
and 29 February 2024 102
NET BOOK VALUE
At 29 February 2024 102
At 28 February 2023 102

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
B P Barrett
Balance outstanding at start of year 140,412 114,936
Amounts advanced 42,798 25,476
Amounts repaid (125,808 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,402 140,412

BARRETT GROUP UK LIMITED (REGISTERED NUMBER: 09952400)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs A J Barrett
Balance outstanding at start of year 143,448 117,973
Amounts advanced 42,798 25,475
Amounts repaid (25,156 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 161,090 143,448