REGISTERED NUMBER: 09085676 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BARNETT WEALTH MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs A J Barnett

REGISTERED OFFICE:

5 Westbrook Court

Sharrow Vale Road

Sheffield

South Yorkshire

S11 8YZ

REGISTERED NUMBER:

09085676 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Limited

5 Westbrook Court

Sharrowvale Road

Sheffield

S11 8YZ

FIXED ASSETS

Tangible assets

4

14,030

17,907

CURRENT ASSETS

Debtors

5

81,231

84,948

Cash at bank and in hand

18,920

15,736

100,151

100,684

CREDITORS

Amounts falling due within one year

6

(34,689

)

(32,767

)

NET CURRENT ASSETS

65,462

67,917

TOTAL ASSETS LESS CURRENT LIABILITIES

79,492

85,824

CREDITORS

Amounts falling due after more than one year

7

(12,276

)

(15,662

)

PROVISIONS FOR LIABILITIES

8

(2,666

)

(3,402

)

NET ASSETS

64,550

66,760

CAPITAL AND RESERVES

Called up share capital

9

102

102

Retained earnings

64,448

66,658

SHAREHOLDERS' FUNDS

64,550

66,760

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2025 and were signed by:

Mrs A J Barnett - Director

1.	STATUTORY INFORMATION

Barnett Wealth Management Limited 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

6,553

30,650

3,252

40,455

Additions

-

-

548

548

At 31 March 2025

6,553

30,650

3,800

41,003

DEPRECIATION

At 1 April 2024

5,628

15,192

1,728

22,548

Charge for year

144

3,864

417

4,425

At 31 March 2025

5,772

19,056

2,145

26,973

NET BOOK VALUE

At 31 March 2025

781

11,594

1,655

14,030

At 31 March 2024

925

15,458

1,524

17,907

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

and 31 March 2025

30,650

DEPRECIATION

At 1 April 2024

and 31 March 2025

15,192

NET BOOK VALUE

At 31 March 2025

15,458

At 31 March 2024

15,458

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

1,863

1,763

Directors' current accounts

79,203

83,185

Prepayments

165

-

81,231

84,948

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

3,386

3,386

Tax

28,403

27,328

Social security and other taxes

-

51

Other creditors

500

-

Accruals and deferred income

2,400

2,002

34,689

32,767

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

12,276

15,662

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

2,666

3,402

Deferred

tax

£

Balance at 1 April 2024

3,402

Provided during year

(736

)

Balance at 31 March 2025

2,666

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

50

Ordinary A

1

50

50

50

Ordinary B

1

50

50

2

Ordinary C

1

2

2

102

102

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mrs A J Barnett

Balance outstanding at start of year

83,184

84,395

Amounts advanced

103,298

117,054

Amounts repaid

(107,279

)

(118,265

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

79,203

83,184