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REGISTERED NUMBER: NI037630 (Northern Ireland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BARRETT WHOLESALE LIMITED

BARRETT WHOLESALE LIMITED (REGISTERED NUMBER: NI037630)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

BARRETT WHOLESALE LIMITED

COMPANY INFORMATION
for the Year Ended 30 SEPTEMBER 2024







DIRECTORS: Mr Martin Barrett
Mr Alan Leeper
Mr Stephen Barrett





SECRETARY: Mr Martin Barrett





REGISTERED OFFICE: Unit 29
Gortrush Industrial Estate
Great Northern Road
Omagh
Co. Tyrone





REGISTERED NUMBER: NI037630 (Northern Ireland)





ACCOUNTANTS: Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT

BARRETT WHOLESALE LIMITED (REGISTERED NUMBER: NI037630)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 14,900 19,867

CURRENT ASSETS
Stocks 5 86,690 80,220
Debtors 6 18,821 30,465
Cash at bank and in hand 157,952 156,274
263,463 266,959
CREDITORS
Amounts falling due within one year 7 67,185 76,775
NET CURRENT ASSETS 196,278 190,184
TOTAL ASSETS LESS CURRENT
LIABILITIES

211,178

210,051

PROVISIONS FOR LIABILITIES - 3,775
NET ASSETS 211,178 206,276

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 211,176 206,274
SHAREHOLDERS' FUNDS 211,178 206,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 WHOLESALE LIMITED (REGISTERED NUMBER: NI037630)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:





Mr Stephen Barrett - Director


BARRETT WHOLESALE LIMITED (REGISTERED NUMBER: NI037630)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Barrett Wholesale Limited is a private company, limited by shares , registered in Northern Ireland. 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 as modified by the revaluation of certain assets.

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
All fixed assets are initially recorded at cost.

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

Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

BARRETT WHOLESALE LIMITED (REGISTERED NUMBER: NI037630)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023
and 30 September 2024 51,711
DEPRECIATION
At 1 October 2023 31,844
Charge for year 4,967
At 30 September 2024 36,811
NET BOOK VALUE
At 30 September 2024 14,900
At 30 September 2023 19,867

5. STOCKS
30.9.24 30.9.23
£    £   
Stocks 86,690 80,220

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 14,615 22,748
Prepayments and accrued income 4,206 7,717
18,821 30,465

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 17,921 26,902
Amounts owed to participating interests 24,566 -
Tax - 10,823
Social security and other taxes 1,630 307
VAT 14,143 12,494
Accrued expenses 8,925 26,249
67,185 76,775

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Ordinary £1 2 2

BARRETT WHOLESALE LIMITED (REGISTERED NUMBER: NI037630)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 SEPTEMBER 2024


8. CALLED UP SHARE CAPITAL - continued

Barrett Wholesale Limited is a subsidiary of Barrett Electrical Contracts Limited.

9. RELATED PARTY DISCLOSURES

The company is under the control of the directors by virtue of their shareholdings in the holding company which are detailed in the Directors' Report.

During the year, the company did not enter into any transactions with the directors personally.

BARRETT WHOLESALE LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
BARRETT WHOLESALE LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Patton Rainey Stenson Limited
Chartered Accountants
6 East Bridge Street
Enniskillen
Co. Fermanagh
BT74 7BT


31 March 2025