C&C Barnett Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09050848

C&C Barnett Limited

Filleted Unaudited Financial Statements

31 May 2025

C&C Barnett Limited

Statement of Financial Position

31 May 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		352,675	352,453

Current assets

Debtors	6	7,989	19,791
Cash at bank and in hand		182,841	181,026
		---------	---------
		190,830	200,817

Creditors: amounts falling due within one year	7	163,179		133,130
		---------		---------
Net current assets			27,651	67,687
			---------	---------
Total assets less current liabilities			380,326	420,140

Creditors: amounts falling due after more than one year	8		4,417	109,066

Provisions

Taxation including deferred tax	25,877	23,766
	---------	---------
Net assets	350,032	287,308
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	349,932	287,208
	---------	---------
Shareholders funds	350,032	287,308
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

C&C Barnett Limited

Statement of Financial Position (continued)

31 May 2025

These financial statements were approved by the board of directors and authorised for issue on 11 September 2025 , and are signed on behalf of the board by:

Mr C J Barnett	Mrs C L Barnett
Director	Director

Company registration number: 09050848

C&C Barnett Limited

Notes to the Financial Statements

Year ended 31 May 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 16, Townfoot Industrial Estate, Brampton, Cumbria, CA8 1SW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	33% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2024: 13 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Computer equipment	Total
	£	£	£	£	£	£
Cost
At 1 Jun 2024	207,873	138,571	2,388	163,948	5,037	517,817
Additions	–	16,157	9,266	22,025	4,948	52,396
Disposals	–	( 5,585)	–	( 6,146)	( 1,389)	( 13,120)
	---------	---------	--------	---------	-------	---------
At 31 May 2025	207,873	149,143	11,654	179,827	8,596	557,093
	---------	---------	--------	---------	-------	---------
Depreciation
At 1 Jun 2024	–	75,419	836	86,504	2,605	165,364
Charge for the year	–	19,344	2,705	24,714	2,865	49,628
Disposals	–	( 3,654)	–	( 5,531)	( 1,389)	( 10,574)
	---------	---------	--------	---------	-------	---------
At 31 May 2025	–	91,109	3,541	105,687	4,081	204,418
	---------	---------	--------	---------	-------	---------
Carrying amount
At 31 May 2025	207,873	58,034	8,113	74,140	4,515	352,675
	---------	---------	--------	---------	-------	---------
At 31 May 2024	207,873	63,152	1,552	77,444	2,432	352,453
	---------	---------	--------	---------	-------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	6,440	15,025
Other debtors	1,549	4,766
	-------	--------
	7,989	19,791
	-------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	8,220	18,682
Trade creditors	49,232	86,109
Corporation tax	30,760	23,117
Social security and other taxes	24,266	4,684
Other creditors	50,701	538
	---------	---------
	163,179	133,130
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	4,417	109,066
	-------	---------

Included within creditors: amounts falling due after more than one year is an amount of £Nil (2024: £58,637) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The liabilities due after more than 5 years are repaid via fixed term loans with a variable rate of interest.

9. Related party transactions

The company was under the joint control of Mr C J Barnett & Mrs C L Barnett throughout the current and previous year. Mr & Mrs Barnett are the only directors and together with family members hold all of the issued share capital. During the year dividends of £ 74,523 (2024 - £83,280) were paid to Messrs Barnett.