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Registration number: 04916848

Barnets Barber Shop Ltd
Unaudited Abridged Financial Statements
(Companies House version)
for the Year Ended 30 September 2025

Barnets Barber Shop Ltd

Contents

Accountants' Report | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 8

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Barnets Barber Shop Ltd
for the Year Ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Barnets Barber Shop Ltd for the year ended 30 September 2025 as set out on pages 2 to 8 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 at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

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

It is your duty to ensure that Barnets Barber Shop Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Barnets Barber Shop Ltd. You consider that Barnets Barber Shop Ltd 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 accounts of Barnets Barber Shop Ltd. 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 accounts.

......................................
Page Kirk LLP
Chartered Accountants
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

22 April 2026

Barnets Barber Shop Ltd

(Registration number: 04916848)
Abridged Balance Sheet as at 30 September 2025

| Note | 2025 | 2024
|  | £ | £ | £ | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 661 |  | 885
Current assets |  |  |  |  |
Stocks |  | 718 |  | 707 |
Debtors |  | 6,243 |  | 3,890 |
Cash at bank and in hand |  | 28,082 |  | 27,500 |
|  | 35,043 |  | 32,097 |
Creditors: Amounts falling due within one year |  | (27,361) |  | (23,482) |
Net current assets |  |  | 7,682 |  | 8,615
Total assets less current liabilities |  |  | 8,343 |  | 9,500
Provisions for liabilities |  |  | (125) |  | (168)
Net assets |  |  | 8,218 |  | 9,332
Capital and reserves |  |  |  |  |
Called up share capital |  | 120 |  | 120 |
Profit and loss account |  | 8,098 |  | 9,212 |
Total equity |  |  | 8,218 |  | 9,332

Barnets Barber Shop Ltd

(Registration number: 04916848)
Abridged Balance Sheet as at 30 September 2025

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered to the Registrar in accordance with the provisions applicable to companies subject to the small companies regime and the directors have not delivered to the Registrar a copy of the company's Profit and Loss Account.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 22 April 2026 and signed on its behalf by:

......................................... Mr D J Wright Director

Barnets Barber Shop Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

These financial statements were authorised for issue by the Board on 22 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation of financial statements

These financial statements were prepared under the historical cost convention in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard 102 ('FRS 102') Section 1A small entities, and with the Companies Act 2006.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grant income are recognised within the accounts using the accruals model. This includes the Coronavirus Job Retention Scheme grants and the Coronavirus Small Business Rates grant.

Barnets Barber Shop Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | Straight line over 10 years

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Barnets Barber Shop Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

Asset class | Depreciation method and rate
Fixtures & Fittings | 25% reducing balance
Office equipment | 25% reducing balance
Leasehold land and buildings | straight line over the life of the lease

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Barnets Barber Shop Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

During the year, the average number of employees at the company was 4 (2024 - 4).

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 October 2024 | 30,000 | 30,000
At 30 September 2025 | 30,000 | 30,000
Amortisation
At 1 October 2024 | 30,000 | 30,000
At 30 September 2025 | 30,000 | 30,000
Carrying amount
At 30 September 2025 | - | -

Barnets Barber Shop Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2025

5 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Office equipment £ | Total £
Cost or valuation
At 1 October 2024 | 76,603 | 3,756 | 2,803 | 83,162
Disposals | (76,603) | - | - | (76,603)
At 30 September 2025 | - | 3,756 | 2,803 | 6,559
Depreciation
At 1 October 2024 | 76,603 | 3,009 | 2,665 | 82,277
Charge for the year | - | 188 | 36 | 224
Eliminated on disposal | (76,603) | - | - | (76,603)
At 30 September 2025 | - | 3,197 | 2,701 | 5,898
Carrying amount
At 30 September 2025 | - | 559 | 102 | 661
At 30 September 2024 | - | 747 | 138 | 885