REGISTERED NUMBER: 02443566 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2025

FOR

BARNETT ENGINEERING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B W T Barnett

D I Barnett

S W Barnett

SECRETARY:

B W T Barnett

REGISTERED OFFICE:

25 Grosvenor Road

Wrexham

LL11 1BT

REGISTERED NUMBER:

02443566 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

HSBC Bank plc.

17-19 Regent Street

Wrexham

LL11 1RY

FIXED ASSETS

Intangible assets

4

3,413

3,722

Tangible assets

5

71,083

86,533

74,496

90,255

CURRENT ASSETS

Stocks

6

7,000

7,000

Debtors

7

326,681

488,808

Cash at bank and in hand

530,769

190,502

864,450

686,310

CREDITORS

Amounts falling due within one year

8

318,205

350,138

NET CURRENT ASSETS

546,245

336,172

TOTAL ASSETS LESS CURRENT LIABILITIES

620,741

426,427

CREDITORS

Amounts falling due after more than one year

9

(2,422

)

(3,724

)

PROVISIONS FOR LIABILITIES

10

(15,294

)

(18,651

)

NET ASSETS

603,025

404,052

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

602,925

403,952

SHAREHOLDERS' FUNDS

603,025

404,052

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th June 2026 and were signed on its behalf by:

S W Barnett - Director

1.	STATUTORY INFORMATION

Barnett Engineering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of goods, excluding value added tax adjusted for bad debts.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

10% on cost

Plant, fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Stocks and work in progress

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Work in progress comprises direct materials, direct labour and attributable production and other overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st December 2024

21,163

Additions

1,946

At 30th November 2025

23,109

AMORTISATION

At 1st December 2024

17,441

Charge for year

2,255

At 30th November 2025

19,696

NET BOOK VALUE

At 30th November 2025

3,413

At 30th November 2024

3,722

5.	TANGIBLE FIXED ASSETS

Plant,

fixtures

Leasehold

and

Motor

improvements

fittings

vehicles

Totals

£

£

£

£

COST

At 1st December 2024

67,706

288,951

151,606

508,263

Additions

-

13,346

-

13,346

At 30th November 2025

67,706

302,297

151,606

521,609

DEPRECIATION

At 1st December 2024

67,674

256,384

97,672

421,730

Charge for year

-

12,043

16,753

28,796

At 30th November 2025

67,674

268,427

114,425

450,526

NET BOOK VALUE

At 30th November 2025

32

33,870

37,181

71,083

At 30th November 2024

32

32,567

53,934

86,533

6.

STOCKS

30.11.25

30.11.24

£

£

Gas, oil and diesel

2,500

2,500

Raw materials and consumables

4,500

4,500

7,000

7,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade debtors

231,567

479,329

Other debtors

29,448

-

Directors' current accounts

58,420

3,676

Prepayments

7,246

5,803

326,681

488,808

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

£

Trade creditors

60,190

67,665

Tax

129,232

36,704

Social security and other taxes

14,236

6,766

VAT

34,639

84,437

Other creditors

25,943

16,661

Deferred government grants

1,303

1,303

Directors' current accounts

40,840

64,048

Accrued expenses

11,822

72,554

318,205

350,138

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.25

30.11.24

£

£

Deferred government grants

2,422

3,724

10.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

£

Deferred tax

Accelerated capital allowances

15,294

18,651

Deferred

tax

£

Balance at 1st December 2024

18,651

Movement in the year due to:

changes in allowances

(3,357

)

changes in tax rates

Balance at 30th November 2025

15,294

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

£

100

Ordinary

£1

100

100

12.	CAPITAL COMMITMENTS

30.11.25

30.11.24

£

£

Contracted but not provided for in the

financial statements

-

-

13.	RELATED PARTY DISCLOSURES