I C Barnett Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 08967125

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		170,599		175,455

			170,599		175,455
CURRENT ASSETS
Debtors	5	35,926		21,277
Cash at bank and in hand		92,783		141,971

		128,709		163,248
Creditors: Amounts Falling Due Within One Year	6	(73,053 )		(73,208 )

NET CURRENT ASSETS (LIABILITIES)			55,656		90,040

TOTAL ASSETS LESS CURRENT LIABILITIES			226,255		265,495

PROVISIONS FOR LIABILITIES
Deferred Taxation			(38,101 )		(43,864 )

NET ASSETS			188,154		221,631

CAPITAL AND RESERVES
Called up share capital	7		120		120
Profit and Loss Account			188,034		221,511

SHAREHOLDERS' FUNDS			188,154		221,631

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I C Barnett Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Carley List

Director

19/05/2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

I C Barnett Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08967125 . The registered office is Ashtree Farmhouse, Herne Lane, Beeston, King's Lynn, Norfolk, PE32 2NB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover represents the fair value of consideration receivable for construction services and related materials supplied during the year, net of discounts and value added tax. Revenue is recognised as work is performed and invoiced to customers.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% reducing balance / 15 Years straight line
Fixtures & Fittings	15 years straight line
Computer Equipment	5 years straight line

2.4. Taxation

Taxation comprises current and deferred tax. Current tax is based on taxable profit for the year using tax rates enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of timing differences between the treatment of items for accounting and tax purposes. Deferred tax assets are recognised only where recovery is considered probable. Deferred tax is measured using tax rates expected to apply when the timing differences reverse, based on rates enacted or substantively enacted at the reporting date.

Current and deferred taxation are recognised in profit or loss unless relating to items recognised directly in equity or other comprehensive income.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2025: 10)

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I C Barnett Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	332,716	2,061	2,373	337,150
Additions	55,861	-	-	55,861
Disposals	(49,692 )	-	-	(49,692 )

As at 31 March 2026	338,885	2,061	2,373	343,319

Depreciation
As at 1 April 2025	159,638	411	1,646	161,695
Provided during the period	30,664	138	232	31,034
Disposals	(20,009 )	-	-	(20,009 )

As at 31 March 2026	170,293	549	1,878	172,720

Net Book Value
As at 31 March 2026	168,592	1,512	495	170,599

As at 1 April 2025	173,078	1,650	727	175,455

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	10,542	-
Prepayments and accrued income	24,785	21,277
Corporation tax recoverable assets	599	-

	35,926	21,277

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	19,143	14,309
Corporation tax	-	599
Other taxes and social security	17,193	13,849
VAT	15,291	20,494
Net wages	3,393	3,375
Other creditors	2,325	1,364
Accruals and deferred income	2,240	2,504
Directors' loan accounts	13,468	16,714

	73,053	73,208

7. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	120	120

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