IRIS Accounts Production v26.1.0.640 NI638549 Board of Directors 1.10.24 30.9.25 30.9.25 false true false false true false Ordinary 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh NI638549 2024-09-30 NI638549 2025-09-30 NI638549 2024-10-01 2025-09-30 NI638549 2023-09-30 NI638549 2023-10-01 2024-09-30 NI638549 2024-09-30 NI638549 ns15:NorthernIreland 2024-10-01 2025-09-30 NI638549 ns14:PoundSterling 2024-10-01 2025-09-30 NI638549 ns10:Director1 2024-10-01 2025-09-30 NI638549 ns10:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 NI638549 ns10:SmallEntities 2024-10-01 2025-09-30 NI638549 ns10:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 NI638549 ns10:SmallCompaniesRegimeForDirectorsReport 2024-10-01 2025-09-30 NI638549 ns10:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 NI638549 ns10:FullAccounts 2024-10-01 2025-09-30 NI638549 ns10:OrdinaryShareClass1 2024-10-01 2025-09-30 NI638549 ns10:Director2 2024-10-01 2025-09-30 NI638549 ns10:Director3 2024-10-01 2025-09-30 NI638549 ns10:CompanySecretary1 2024-10-01 2025-09-30 NI638549 ns10:RegisteredOffice 2024-10-01 2025-09-30 NI638549 ns5:CurrentFinancialInstruments 2025-09-30 NI638549 ns5:CurrentFinancialInstruments 2024-09-30 NI638549 ns5:ShareCapital 2025-09-30 NI638549 ns5:ShareCapital 2024-09-30 NI638549 ns5:RetainedEarningsAccumulatedLosses 2025-09-30 NI638549 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 NI638549 ns5:PlantMachinery 2024-09-30 NI638549 ns5:FurnitureFittings 2024-09-30 NI638549 ns5:MotorVehicles 2024-09-30 NI638549 ns5:PlantMachinery 2024-10-01 2025-09-30 NI638549 ns5:FurnitureFittings 2024-10-01 2025-09-30 NI638549 ns5:MotorVehicles 2024-10-01 2025-09-30 NI638549 ns5:PlantMachinery 2025-09-30 NI638549 ns5:FurnitureFittings 2025-09-30 NI638549 ns5:MotorVehicles 2025-09-30 NI638549 ns5:PlantMachinery 2024-09-30 NI638549 ns5:FurnitureFittings 2024-09-30 NI638549 ns5:MotorVehicles 2024-09-30 NI638549 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-09-30 NI638549 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-09-30 NI638549 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-09-30 NI638549 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-09-30 NI638549 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-09-30 NI638549 ns10:OrdinaryShareClass1 2025-09-30 NI638549 ns5:RetainedEarningsAccumulatedLosses 2024-09-30 NI638549 ns5:RetainedEarningsAccumulatedLosses 2024-10-01 2025-09-30

REGISTERED NUMBER: NI638549 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

BARRETT CONTRACTS LTD

BARRETT CONTRACTS LTD (REGISTERED NUMBER: NI638549)

CONTENTS OF THE FINANCIAL STATEMENTS

for the Year Ended 30 SEPTEMBER 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Report of the Accountants | 8 |

BARRETT CONTRACTS LTD

COMPANY INFORMATION

for the Year Ended 30 SEPTEMBER 2025

| DIRECTORS: | Mr Stephen Barrett

| Mr Martin Barrett

| Mr Alan Leeper

| SECRETARY: | Mr Stephen Barrett

| REGISTERED OFFICE: | 29 Gortrush Industrial Estate

| Omagh

| Co. Tyrone

| BT78 5EJ

| REGISTERED NUMBER: | NI638549 (Northern Ireland)

| ACCOUNTANTS: | Patton Rainey Stenson Limited

| Chartered Accountants

| 6 East Bridge Street

| Enniskillen

| Co. Fermanagh

| BT74 7BT

BARRETT CONTRACTS LTD (REGISTERED NUMBER: NI638549)

BALANCE SHEET

30 SEPTEMBER 2025

| 30.9.25 | 30.9.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 148,421 |  | 152,911 |  |

CURRENT ASSETS

Stocks | 5 | 130,986 |  | 29,658 |  |

Debtors | 6 | 609,529 |  | 387,676 |  |

Cash at bank | 271,926 |  | 370,909 |  |

1,012,441 |  | 788,243 |  |

CREDITORS

Amounts falling due within one year | 7 | 510,594 |  | 247,494 |  |

NET CURRENT ASSETS | 501,847 |  | 540,749 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 650,268 |  | 693,660 |  |

PROVISIONS FOR LIABILITIES | 25,766 |  | 38,649 |  |

NET ASSETS | 624,502 |  | 655,011 |  |

CAPITAL AND RESERVES

Called up share capital | 9 | 1 |  | 1 |  |

Retained earnings | 10 | 624,501 |  | 655,010 |  |

SHAREHOLDERS' FUNDS | 624,502 |  | 655,011 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

BARRETT CONTRACTS LTD (REGISTERED NUMBER: NI638549)

BALANCE SHEET - continued

30 SEPTEMBER 2025

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 29 April 2026 and were signed on its behalf by:

Mr Stephen Barrett - Director

BARRETT CONTRACTS LTD (REGISTERED NUMBER: NI638549)

NOTES TO THE FINANCIAL STATEMENTS

for the Year Ended 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Barrett Contracts Ltd is a private company, limited by shares , registered in Northern Ireland. 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.

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

BARRETT CONTRACTS LTD (REGISTERED NUMBER: NI638549)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Investment properties

| Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

| Long-term contracts

| The attributable profit on long-term contracts is recognised once their outcome can be assessed with reasonable certainty. The profit recognised reflects the proportion of work completed to date on the project. Costs associated with long-term contracts are included in stock to the extent that they cannot be matched with contract work accounted for as turnover. Long-term contract balances included in stock are stated at cost, after provision has been made for any foreseeable losses and the deduction of applicable payments on account. Full provision is made for losses on all contracts in the year in which the loss is first foreseen.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 8 (2024 - 8 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 October 2024 | 24,840 |  | 7,423 |  | 168,532 |  | 200,795 |  |

| Additions | 3,373 |  | 3,182 |  | 48,250 |  | 54,805 |  |

| Disposals | - |  | - |  | (38,945 | ) | (38,945 | ) |

| At 30 September 2025 | 28,213 |  | 10,605 |  | 177,837 |  | 216,655 |  |

| DEPRECIATION

| At 1 October 2024 | 6,207 |  | 2,807 |  | 38,870 |  | 47,884 |  |

| Charge for year | 3,940 |  | 3,057 |  | 28,468 |  | 35,465 |  |

| Eliminated on disposal | - |  | - |  | (15,115 | ) | (15,115 | ) |

| At 30 September 2025 | 10,147 |  | 5,864 |  | 52,223 |  | 68,234 |  |

| NET BOOK VALUE

| At 30 September 2025 | 18,066 |  | 4,741 |  | 125,614 |  | 148,421 |  |

| At 30 September 2024 | 18,633 |  | 4,616 |  | 129,662 |  | 152,911 |  |

BARRETT CONTRACTS LTD (REGISTERED NUMBER: NI638549)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 SEPTEMBER 2025

4. | TANGIBLE FIXED ASSETS - continued

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

| Motor

| vehicles

£ |

| COST

| At 1 October 2024 | 45,325 |  |

| Transfer to ownership | (45,325 | ) |

| At 30 September 2025 | - |  |

| DEPRECIATION

| At 1 October 2024 | 4,079 |  |

| Transfer to ownership | (4,079 | ) |

| At 30 September 2025 | - |  |

| NET BOOK VALUE

| At 30 September 2025 | - |  |

| At 30 September 2024 | 41,246 |  |

5. | STOCKS

| 30.9.25 |  | 30.9.24

£ | £ |

| Work-in-progress | 130,986 |  | 29,658 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.25 |  | 30.9.24

£ | £ |

| Trade debtors | 380,986 |  | 299,314 |  |

| Amounts owed by participating interests | 216,250 |  | 67,694 |  |

| Prepayments and accrued income | 12,293 |  | 20,668 |  |

609,529 |  | 387,676 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.25 |  | 30.9.24

£ | £ |

| Hire purchase contracts | - |  | 3,167 |  |

| Trade creditors | 147,786 |  | 108,014 |  |

| Tax | 68,257 |  | 1,439 |  |

| Social security and other taxes | 5,383 |  | 5,756 |  |

| Subcontractors tax | 6,029 |  | 4,957 |  |

| VAT | 76,395 |  | 36,077 |  |

| Other creditors | 59,500 |  | - |  |

| Directors' current accounts | 30,771 |  | 27,801 |  |

| Accrued expenses | 116,473 |  | 60,283 |  |

510,594 |  | 247,494 |  |

BARRETT CONTRACTS LTD (REGISTERED NUMBER: NI638549)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the Year Ended 30 SEPTEMBER 2025

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.9.25 |  | 30.9.24

£ | £ |

| Hire purchase contracts | - |  | 3,167 |  |

| The obligations under finance leases and hire purchase contracts are secured by the assets to which the agreement relates.

9. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.9.25 |  | 30.9.24

| value: | £ | £ |

| 1 | Ordinary | £1 | 1 |  | 1 |  |

10. | RESERVES

| Retained

| earnings

£ |

| At 1 October 2024 | 655,010 |  |

| Profit for the year | 169,491 |  |

| Dividends | (200,000 | ) |

| At 30 September 2025 | 624,501 |  |

11. | RELATED PARTY DISCLOSURES

| The company is under the control of the directors by virtue of their shareholdings in the holding company which are detailed in the Directors' Report.

| During the year, the company did not enter into any transactions with the directors personally.

BARRETT CONTRACTS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF

BARRETT CONTRACTS LTD

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2025 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Patton Rainey Stenson Limited

Chartered Accountants

6 East Bridge Street

Enniskillen

Co. Fermanagh

BT74 7BT

29 April 2026