P.J. Barnett Associates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03921276 (England and Wales)

P.J. BARNETT ASSOCIATES LIMITED

Unaudited Financial Statements for the Year Ended 30 November 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

P J Barnett

Mrs P J Barnett

SECRETARY:

Mrs P J Barnett

REGISTERED OFFICE:

92-94 Chapel Ash

Wolverhampton

West Midlands

WV3 0TY

REGISTERED NUMBER:

03921276 (England and Wales)

ACCOUNTANTS:

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

FIXED ASSETS

Tangible assets

4

1,812

3,295

CURRENT ASSETS

Debtors

5

74,578

77,264

Cash in hand

197

74,775

77,461

CREDITORS

Amounts falling due within one year

6

95,403

69,110

NET CURRENT (LIABILITIES)/ASSETS

(20,628

)

8,351

TOTAL ASSETS LESS CURRENT
LIABILITIES

(18,816

)

11,646

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

(18,916

)

11,546

SHAREHOLDERS' FUNDS

(18,816

)

11,646

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2026 and were signed on its behalf by:

P J Barnett - Director

1.	STATUTORY INFORMATION

P.J. Barnett Associates 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 fee notes rendered plus an estimate of unbilled work at the financial year end, included at selling price.

Tangible fixed assets

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

Office equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes

recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Motor

Computer

equipment

fittings

vehicles

equipment

Totals

£

COST

At 1 December 2024

60,436

16,549

39,965

34,758

151,708

Disposals

-

(9,360

)

-

(9,360

)

At 30 November 2025

60,436

16,549

30,605

34,758

142,348

DEPRECIATION

At 1 December 2024

60,041

16,264

37,350

34,758

148,413

Charge for year

99

71

471

-

641

Eliminated on disposal

-

(8,518

)

-

(8,518

)

At 30 November 2025

60,140

16,335

29,303

34,758

140,536

NET BOOK VALUE

At 30 November 2025

296

214

1,302

-

1,812

At 30 November 2024

395

285

2,615

-

3,295

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Trade debtors

16,757

15,719

Other debtors

2,805

Amount owed by parent company

45,838

49,313

Prepayments

9,178

9,427

74,578

77,264

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Bank loans and overdrafts

14,924

14,095

Trade creditors

14,167

10,545

Social security and other taxes

2,877

2,429

Directors' current accounts

62,276

40,239

Accrued expenses

1,159

1,802

95,403

69,110

7.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

Bank overdrafts

14,924

14,095

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

100

Ordinary

£1

100

9.	ULTIMATE CONTROLLING PARTY

The controlling party is P J Barnett.

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of P.J. Barnett Associates Limited for the year ended 30 November 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of P.J. Barnett Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of P.J. Barnett Associates Limited and state those matters that we have agreed to state to the Board of Directors of P.J. Barnett Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than P.J. Barnett Associates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that P.J. Barnett Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of P.J. Barnett Associates Limited. You consider that P.J. Barnett Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of P.J. Barnett Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lancaster Haskins Limited

Granville House

2 Tettenhall Road

Wolverhampton

West Midlands

WV1 4SB

27 August 2026