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Registered number: 12807897
M Barrett Transport Limited
Financial Statements
For The Year Ended 31 August 2025
Aces Accountancy Services Ltd
53 Gobions Avenue
Chase Cross
Romford
Essex
RM5 3SS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12807897
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,373 16,446
16,373 16,446
CURRENT ASSETS
Debtors 5 376,162 170,114
Cash at bank and in hand 16,994 8,089
393,156 178,203
Creditors: Amounts Falling Due Within One Year 6 (78,568 ) (52,678 )
NET CURRENT ASSETS (LIABILITIES) 314,588 125,525
TOTAL ASSETS LESS CURRENT LIABILITIES 330,961 141,971
Creditors: Amounts Falling Due After More Than One Year 7 (209,782 ) (108,934 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,435 ) -
NET ASSETS 119,744 33,037
CAPITAL AND RESERVES
Called up share capital 8 100 100
Other reserves (313 ) 1
Profit and Loss Account 119,957 32,936
SHAREHOLDERS' FUNDS 119,744 33,037
Page 1
Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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
Mr Michael Barrett
Director
29/05/2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
M Barrett Transport Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12807897 . The registered office is 28 Station Lane, Hornchurch, RM12 6NJ.
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Motor Vehicles Straight Line
Fixtures & Fittings Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 September 2024 23,167 1,280 24,447
Additions 4,020 - 4,020
As at 31 August 2025 27,187 1,280 28,467
Depreciation
As at 1 September 2024 7,540 461 8,001
Provided during the period 3,929 164 4,093
As at 31 August 2025 11,469 625 12,094
Net Book Value
As at 31 August 2025 15,718 655 16,373
As at 1 September 2024 15,627 819 16,446
5. Debtors
2025 2024
£ £
Due within one year
VAT Control - 3,126
Due after more than one year
Third Party Loan LB Barrett 23,649 23,649
Third Party Loan AB Fashions 344,513 136,339
Other debtors (J Trappitt Loan) 8,000 7,000
376,162 166,988
376,162 170,114
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 9,319 11,474
Corporation tax 61,787 25,363
Other taxes and social security - 14,041
VAT Control 2,928 -
Net wages 740 -
Pension Liability 225 -
Other creditors (1) 1,169 -
Accruals and deferred income 2,400 1,800
78,568 52,678
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7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
VAT Suspense 209,782 108,934
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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