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REGISTERED NUMBER: 09991358 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BARRETT CIVIL ENGINEERING UK LIMITED

BARRETT CIVIL ENGINEERING UK LIMITED (REGISTERED NUMBER: 09991358)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARRETT CIVIL ENGINEERING 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: 09991358 (England and Wales)





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

BARRETT CIVIL ENGINEERING UK LIMITED (REGISTERED NUMBER: 09991358)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 463,849 590,300

CURRENT ASSETS
Stocks 682,513 150,000
Debtors 4 3,194,710 2,837,300
Cash at bank and in hand 4,950,304 4,470,548
8,827,527 7,457,848
CREDITORS
Amounts falling due within one year 5 1,507,242 1,571,550
NET CURRENT ASSETS 7,320,285 5,886,298
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,784,134

6,476,598

CREDITORS
Amounts falling due after more than one year 6 (39,902 ) (98,121 )

PROVISIONS FOR LIABILITIES (100,738 ) (131,379 )
NET ASSETS 7,643,494 6,247,098

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7,643,394 6,246,998
7,643,494 6,247,098

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 CIVIL ENGINEERING UK LIMITED (REGISTERED NUMBER: 09991358)

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.

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 CIVIL ENGINEERING UK LIMITED (REGISTERED NUMBER: 09991358)

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.

Where the outcome of construction contracts can be measured reliably revenue due from customers is recognised on the percentage completion method.

Where the outcome is uncertain amounts due from customers are recognised only on the basis of costs incurred to the balance sheet date.

Where it is expected that a loss will arise on a construction contract the amount of the anticipated loss is recognised within the profit and loss and carried as a contract liability included within other creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

BARRETT CIVIL ENGINEERING UK LIMITED (REGISTERED NUMBER: 09991358)

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

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 926,079
Additions 14,687
At 29 February 2024 940,766
DEPRECIATION
At 1 March 2023 335,779
Charge for year 141,138
At 29 February 2024 476,917
NET BOOK VALUE
At 29 February 2024 463,849
At 28 February 2023 590,300

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,060 327,238
Amounts owed by group undertakings 1,063,191 691,127
Amounts recoverable on contract - 94,684
Other debtors 945,253 945,253
VAT Debtor 458,824 294,318
Directors' current accounts 508,377 365,796
Tax 167,005 118,884
3,194,710 2,837,300

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 58,220 63,262
Trade creditors 537,018 439,681
Amounts owed to group undertakings 349,514 366,114
Tax 522,140 379,157
Social security and other taxes 39,008 22,595
Other creditors 1,342 1,342
Accruals and deferred income - 299,399
1,507,242 1,571,550

BARRETT CIVIL ENGINEERING UK LIMITED (REGISTERED NUMBER: 09991358)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 39,902 98,121

7. 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 182,898 49,310
Amounts advanced 146,000 133,588
Amounts repaid (15,156 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 313,742 182,898

Mrs A J Barrett
Balance outstanding at start of year 182,898 49,310
Amounts advanced 201,893 133,588
Amounts repaid (190,156 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 194,635 182,898