REGISTERED NUMBER: 04473051 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Barnett Transport Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

T L Barnett

Mrs K Barnett

I B Barnett

SECRETARY:

Mrs K Barnett

REGISTERED OFFICE:

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

REGISTERED NUMBER:

04473051 (England and Wales)

ACCOUNTANTS:

Voisey & Co LLP

Chartered Accountants

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

4,458,372

4,334,151

4,458,372

4,334,151

CURRENT ASSETS

Debtors

6

696,849

844,821

CREDITORS

Amounts falling due within one year

7

(1,770,651

)

(1,260,092

)

NET CURRENT LIABILITIES

(1,073,802

)

(415,271

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,384,570

3,918,880

CREDITORS

Amounts falling due after more than one year

8

(1,701,280

)

(2,204,755

)

PROVISIONS FOR LIABILITIES

(978,913

)

(926,905

)

NET ASSETS

704,377

787,220

CAPITAL AND RESERVES

Called up share capital

10

4,000

4,000

Retained earnings

11

700,377

783,220

SHAREHOLDERS' FUNDS

704,377

787,220

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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.

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 19 December 2025 and were signed on its behalf by:

T L Barnett - Director

1.	STATUTORY INFORMATION

Barnett Transport 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

10% on reducing balance

Computer and office equipment

-

10% 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

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 53 (2024 - 62 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

120,000

AMORTISATION

At 1 August 2024

and 31 July 2025

120,000

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 August 2024

664,764

6,109,075

14,794

Additions

78,168

472,000

-

At 31 July 2025

742,932

6,581,075

14,794

DEPRECIATION

At 1 August 2024

92,583

2,359,667

14,050

Charge for year

14,650

410,041

74

At 31 July 2025

107,233

2,769,708

14,124

NET BOOK VALUE

At 31 July 2025

635,699

3,811,367

670

At 31 July 2024

572,181

3,749,408

744

Computer

and

Motor

office

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2024

16,657

7,793

6,813,083

Additions

-

-

550,168

At 31 July 2025

16,657

7,793

7,363,251

DEPRECIATION

At 1 August 2024

5,672

6,960

2,478,932

Charge for year

1,098

84

425,947

At 31 July 2025

6,770

7,044

2,904,879

NET BOOK VALUE

At 31 July 2025

9,887

749

4,458,372

At 31 July 2024

10,985

833

4,334,151

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

690,039

835,411

Other debtors

6,810

9,410

696,849

844,821

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

47,392

72,466

Other loans

60,077

126,547

Hire purchase contracts

600,224

425,898

Trade creditors

172,257

17,990

Tax

-

51,139

Social security and other taxes

61,929

55,358

Pensions creditor

7,487

8,243

VAT

237,063

36,042

Other creditors

486,222

459,056

Directors' current accounts

92,000

-

Accrued expenses

6,000

7,353

1,770,651

1,260,092

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans - 1-2 years

34,840

42,959

Bank loans - 2-5 years

115,505

108,892

Bank loans more 5 yr by instal

36,014

75,381

Hire purchase contracts

1,514,921

1,977,523

1,701,280

2,204,755

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

36,014

75,381

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Factoring Creditor

486,222

459,056

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

4,000

Ordinary

£1

4,000

4,000

11.

RESERVES

Retained

earnings

£

At 1 August 2024

783,220

Profit for the year

258,218

Dividends

(341,061

)

At 31 July 2025

700,377

12.	ULTIMATE CONTROLLING PARTY

In the opinion of the directors, there is deemed to be no ultimate controlling party.

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Barnett Transport Limited for the year ended 31 July 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Barnett Transport Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Barnett Transport Limited and state those matters that we have agreed to state to the Board of Directors of Barnett Transport Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Barnett Transport Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Barnett Transport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Barnett Transport Limited. You consider that Barnett Transport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Barnett Transport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Voisey & Co LLP

Chartered Accountants

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

5 January 2026