REGISTERED NUMBER: NI638549 (Northern Ireland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

BARRETT CONTRACTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

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

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.

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

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.

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

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

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.

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