REGISTERED NUMBER: 03765820 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 SEPTEMBER 2024

FOR

M.J. BARRETT CONSTRUCTIONS (STAFFS.)

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M J Barrett

REGISTERED OFFICE:

Brookside Business Park

Brookside Road

Uttoxeter

Staffordshire

ST14 8AT

REGISTERED NUMBER:

03765820 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Tangible assets

4

17,677

28,166

CURRENT ASSETS

Stocks

5

124,895

119,999

Debtors

6

3,192,652

3,501,412

Cash at bank and in hand

7,101

954

3,324,648

3,622,365

CREDITORS

Amounts falling due within one year

7

5,174,750

4,937,790

NET CURRENT LIABILITIES

(1,850,102

)

(1,315,425

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,832,425

)

(1,287,259

)

CAPITAL AND RESERVES

Called up share capital

500,000

500,000

Retained earnings

(2,332,425

)

(1,787,259

)

(1,832,425

)

(1,287,259

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 24 September 2025 and were signed by:

M J Barrett - Director

1.	STATUTORY INFORMATION

M J Barrett Constructions Limited is a private company limited by shares (registered number 03765820), which is incorporated in the UK. The trading address and registered office is located in Brookside Park, Uttoxeter, ST14 8AT.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied.

Turnover

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The Company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the Company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to profit or loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the reducing balance method.

Plant & machinery - 25% Reducing balance

Motor vehicles - 25% Reducing balance

Office equipment - 25% Reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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.

Going concern

Due to cross guarantees throughout the Group, going concern of the Company is dependent on the performance of the Group overall. After reviewing the Group's forecast and projections for the next 12 months, the Directors are confident that the Group has adequate resources to continue for the foreseeable future. The Group therefore continues to adopt the going concern basis in preparing its financial statements. The Groups has external financing facilities for growth and development purposes. The Group’s strategy and projections continue to include the realisation of various none core assets over the next 12 to 18 months to reduce bank debt, provide additional working capital and fund profitable development opportunities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

Cost

At 29 September 2023

405,321

156,789

98,860

660,970

Disposals

(152,357

)

(81,864

)

(72,540

)

(306,761

)

At 28 September 2024

252,964

74,925

26,320

354,209

Depreciation

At 29 September 2023

391,006

148,715

93,083

632,804

Charge for year

2,766

1,879

1,267

5,912

Eliminated on disposal

(149,079

)

(81,293

)

(71,812

)

(302,184

)

At 28 September 2024

244,693

69,301

22,538

336,532

Net book value

At 28 September 2024

8,271

5,624

3,782

17,677

At 28 September 2023

14,315

8,074

5,777

28,166

5.

STOCKS

2024

2023

£

£

Raw materials and consumables

80,758

49,029

Work-in-progress

44,137

70,970

124,895

119,999

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

81,502

52,389

Amounts owed by group undertakings

3,064,385

3,414,033

Other debtors

800

800

Prepayments and accrued income

45,965

34,190

3,192,652

3,501,412

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

251,849

349,481

Amounts owed to group undertakings

4,010,563

3,689,148

Amounts owed to participating interests

2,587

2,236

Social security and other taxes

825,619

738,005

VAT

12,248

4,214

Other creditors

3,644

3,882

Accruals and deferred income

68,240

150,824

5,174,750

4,937,790

8.	ULTIMATE CONTROLLING PARTY

The Company's parent undertaking at the Balance sheet date was M J Barrett Group Limited, a Company incorporated in England and Wales. Copies of these financial statements are available from the Company's registered office, Brookside Business Park, Uttoxeter, ST14 8AT.

The Company is controlled by M J Barrett who owns 100% of the issued share capital of M J Barrett Group Limited.