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REGISTERED NUMBER: 10072211 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Derrick Francis Masonry Limited

Derrick Francis Masonry Limited (Registered number: 10072211)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Derrick Francis Masonry Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: N D Francis
D Francis





SECRETARY:





REGISTERED OFFICE: Grosvenor House Practice
Avening, Priory Park
London Road, Tetbury
GL8 8HZ





REGISTERED NUMBER: 10072211 (England and Wales)





ACCOUNTANTS: Grosvenor House Practice Limited
Building 2a - D Site
Kemble Airfield
Kemble
Cirencester
Gloucestershire
GL7 6BA

Derrick Francis Masonry Limited (Registered number: 10072211)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,000 20,000
Tangible assets 5 11,422 13,633
27,422 33,633

CURRENT ASSETS
Debtors 44,960 11,514
Cash at bank 61,931 42,114
106,891 53,628
CREDITORS
Amounts falling due within one year 42,492 62,518
NET CURRENT ASSETS/(LIABILITIES) 64,399 (8,890 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,821

24,743

CREDITORS
Amounts falling due after more than
one year

22,797

9,840
NET ASSETS 69,024 14,903

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 69,022 14,901
69,024 14,903

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Derrick Francis Masonry Limited (Registered number: 10072211)

Abridged Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 July 2023 and were signed on its behalf by:





N D Francis - Director


Derrick Francis Masonry Limited (Registered number: 10072211)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Derrick Francis Masonry 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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

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.

Derrick Francis Masonry Limited (Registered number: 10072211)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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 9 (2022 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 40,000
AMORTISATION
At 1 April 2022 20,000
Amortisation for year 4,000
At 31 March 2023 24,000
NET BOOK VALUE

At 31 March 2023 16,000
At 31 March 2022 20,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 41,493
Additions 1,596
At 31 March 2023 43,089
DEPRECIATION
At 1 April 2022 27,860
Charge for year 3,807
At 31 March 2023 31,667
NET BOOK VALUE
At 31 March 2023 11,422
At 31 March 2022 13,633