IRIS Accounts Production v24.3.2.46 09598187 Board of Directors Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095981872023-05-31095981872024-05-31095981872023-06-012024-05-31095981872022-05-31095981872022-06-012023-05-31095981872023-05-3109598187ns15:EnglandWales2023-06-012024-05-3109598187ns14:PoundSterling2023-06-012024-05-3109598187ns10:Director12023-06-012024-05-3109598187ns10:Director22023-06-012024-05-3109598187ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3109598187ns10:SmallEntities2023-06-012024-05-3109598187ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3109598187ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3109598187ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3109598187ns10:FullAccounts2023-06-012024-05-3109598187ns10:RegisteredOffice2023-06-012024-05-3109598187ns5:CurrentFinancialInstruments2024-05-3109598187ns5:CurrentFinancialInstruments2023-05-3109598187ns5:ShareCapital2024-05-3109598187ns5:ShareCapital2023-05-3109598187ns5:RetainedEarningsAccumulatedLosses2024-05-3109598187ns5:RetainedEarningsAccumulatedLosses2023-05-3109598187ns5:FurnitureFittings2023-06-012024-05-3109598187ns5:MotorVehicles2023-06-012024-05-3109598187ns5:ComputerEquipment2023-06-012024-05-3109598187ns5:FurnitureFittings2023-05-3109598187ns5:MotorVehicles2023-05-3109598187ns5:ComputerEquipment2023-05-3109598187ns5:FurnitureFittings2024-05-3109598187ns5:MotorVehicles2024-05-3109598187ns5:ComputerEquipment2024-05-3109598187ns5:FurnitureFittings2023-05-3109598187ns5:MotorVehicles2023-05-3109598187ns5:ComputerEquipment2023-05-3109598187ns5:WithinOneYearns5:CurrentFinancialInstruments2024-05-3109598187ns5:WithinOneYearns5:CurrentFinancialInstruments2023-05-31
REGISTERED NUMBER: 09598187 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Neil Barnett Inspection Services Ltd

Neil Barnett Inspection Services Ltd (Registered number: 09598187)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Neil Barnett Inspection Services Ltd

Company Information
for the year ended 31 May 2024







DIRECTORS: Mrs S Barnett - Lewis
C Lewis





REGISTERED OFFICE: 24 Bordeaux Close
Northfield Green
Sunderland
Tyne and Wear
SR3 2SR





REGISTERED NUMBER: 09598187 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Neil Barnett Inspection Services Ltd (Registered number: 09598187)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,473 2,474

CURRENT ASSETS
Debtors 5 306,420 363,344
Cash at bank 379,433 169,726
685,853 533,070
CREDITORS
Amounts falling due within one year 6 322,435 346,808
NET CURRENT ASSETS 363,418 186,262
TOTAL ASSETS LESS CURRENT
LIABILITIES

366,891

188,736

PROVISIONS FOR LIABILITIES 868 619
NET ASSETS 366,023 188,117

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 366,019 188,113
SHAREHOLDERS' FUNDS 366,023 188,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Neil Barnett Inspection Services Ltd (Registered number: 09598187)

Statement of Financial Position - continued
31 May 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 28 January 2025 and were signed on its behalf by:




Mrs S Barnett - Lewis - Director



C Lewis - Director


Neil Barnett Inspection Services Ltd (Registered number: 09598187)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Neil Barnett Inspection Services Ltd 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 have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

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.
Fixtures and fittings - 25% Straight line
Motor vehicles - 15% on reducing balance
Computer equipment - 20% on reducing balance

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Neil Barnett Inspection Services Ltd (Registered number: 09598187)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 513 3,600 315 4,428
Additions 300 - 1,253 1,553
At 31 May 2024 813 3,600 1,568 5,981
DEPRECIATION
At 1 June 2023 93 1,721 140 1,954
Charge for year 64 282 208 554
At 31 May 2024 157 2,003 348 2,508
NET BOOK VALUE
At 31 May 2024 656 1,597 1,220 3,473
At 31 May 2023 420 1,879 175 2,474

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 306,224 346,739
Other debtors 196 16,605
306,420 363,344

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 83,779 234,277
Taxation and social security 118,450 65,617
Other creditors 120,206 46,914
322,435 346,808