Barnett's Coaches Limited 31/03/2026 iXBRL

Company registration number: 05332617

Barnett's Coaches Limited

Unaudited filleted financial statements

31 March 2026

Barnett's Coaches Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Barnett's Coaches Limited

Directors and other information


	Directors
		Mr R Barnett
		Ms J Bulled


	Company number	05332617


	Registered office	54 Duxons Turn
		Hemel Hempstead
		Hertfordshire
		HP2 4SB


	Accountants	Hicks and Company

		Chartered Accountants
		83 High Street
		Hemel Hempstead
		Hertfordshire
		HP1 3AH

Barnett's Coaches Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Barnett's Coaches Limited

Year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Barnett's Coaches Limited for the year ended 31 March 2026 which comprise the statement of financial position and 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 at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Barnett's Coaches Limited, as a body, in accordance with the terms of our engagement letter dated 12 June 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Barnett's Coaches Limited and state those matters that we have agreed to state to the board of directors of Barnett's Coaches Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Barnett's Coaches Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Barnett's Coaches 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 profit of Barnett's Coaches Limited. You consider that Barnett's Coaches 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 Barnett's Coaches 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.

Hicks and Company

Chartered Accountants

83 High Street

Hemel Hempstead

Hertfordshire

HP1 3AH

21 July 2026

Barnett's Coaches Limited

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	1,225,184		1,139,694
		_______		_______
			1,225,184		1,139,694

Current assets
Debtors	7	39,011		66,163
Cash at bank and in hand		308,508		248,924
		_______		_______
		347,519		315,087
Creditors: amounts falling due
within one year	8	( 201,098)		( 196,032)
		_______		_______
Net current assets			146,421		119,055
			_______		_______
Total assets less current liabilities			1,371,605		1,258,749

Creditors: amounts falling due
after more than one year	9		( 791,227)		( 823,812)

Provisions for liabilities			( 77,826)		( 37,631)

			_______		_______
Net assets			502,552		397,306
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			502,449		397,203
			_______		_______
Shareholders funds			502,549		397,303
			_______		_______

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 21 July 2026 , and are signed on behalf of the board by:

Mr R Barnett

Director

Company registration number: 05332617

Barnett's Coaches Limited

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Barnett's Coaches Limited, 54 Duxons Turn, Hemel Hempstead, Hertfordshire, HP2 4SB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	5 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.Any tangible assets carried at revalued amounts is recorded at the fair value at the date of revaluation less any subseqeunt accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Freehold property	-	2 %	straight line
Plant and machinery	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 16 (2025: 16 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2025 and 31 March 2026	50,000	50,000
	_______	_______
Amortisation
At 1 April 2025 and 31 March 2026	50,000	50,000
	_______	_______
Carrying amount
At 31 March 2026	-	-
	_______	_______
At 31 March 2025	-	-
	_______	_______

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2025	950,000	31,705	9,915	1,646,600	2,638,220
Additions	-	-	4,343	225,000	229,343
	_______	_______	_______	_______	_______
At 31 March 2026	950,000	31,705	14,258	1,871,600	2,867,563
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2025	57,000	25,185	4,293	1,412,048	1,498,526
Charge for the year	19,000	1,630	2,929	120,294	143,853
	_______	_______	_______	_______	_______
At 31 March 2026	76,000	26,815	7,222	1,532,342	1,642,379
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2026	874,000	4,890	7,036	339,258	1,225,184
	_______	_______	_______	_______	_______
At 31 March 2025	893,000	6,520	5,622	234,552	1,139,694
	_______	_______	_______	_______	_______

7. Debtors

	2026	2025
	£	£
Trade debtors	-	24,780
Other debtors	39,011	41,383
	_______	_______
	39,011	66,163
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	33,341	34,441
Trade creditors	2,474	2,926
Corporation tax	13,355	956
Social security and other taxes	11,600	10,643
Other creditors	140,328	147,066
	_______	_______
	201,098	196,032
	_______	_______

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	549,337	582,102
Other creditors	241,890	241,710
	_______	_______
	791,227	823,812
	_______	_______

10. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2026
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
		-	-	-	-
	Mr R Barnett	( 255,654)	( 2,399)	9,471	( 248,582)
		_______	_______	_______	_______

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
		( 126,827)	-	126,827	-
	Mr R Barnett	( 264,115)	( 1,998)	10,459	( 255,654)
		_______	_______	_______	_______
		( 390,942)	( 1,998)	137,286	( 255,654)
		_______	_______	_______	_______

11. Controlling party

The company was controlled throughout the current and previous period by Mrs V Barnett and Mr R Barnett , as they own the entire ordinary share capital of the company.