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REGISTERED NUMBER: 12264287 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Davis & Barrett Scaffolding Contractors
Limited

Davis & Barrett Scaffolding Contractors
Limited (Registered number: 12264287)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Davis & Barrett Scaffolding Contractors
Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: W Barrett
L Davis





REGISTERED OFFICE: Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX





REGISTERED NUMBER: 12264287 (England and Wales)





ACCOUNTANTS: A C Mole
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Davis & Barrett Scaffolding Contractors
Limited (Registered number: 12264287)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 527,304 341,133

CURRENT ASSETS
Stocks 11,085 36,610
Debtors 5 341,863 280,696
Cash at bank 191,580 15,906
544,528 333,212
CREDITORS
Amounts falling due within one year 6 306,519 298,799
NET CURRENT ASSETS 238,009 34,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

765,313

375,546

PROVISIONS FOR LIABILITIES 131,826 85,283
NET ASSETS 633,487 290,263

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 633,387 290,163
633,487 290,263

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

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

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 9 October 2023 and were signed on its behalf by:




W Barrett - Director



L Davis - Director


Davis & Barrett Scaffolding Contractors
Limited (Registered number: 12264287)

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

1. STATUTORY INFORMATION

Davis & Barrett Scaffolding Contractors 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Operating lease commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 11 (2022 - 2 ) .

Davis & Barrett Scaffolding Contractors
Limited (Registered number: 12264287)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 466,411
Additions 349,908
At 31 January 2023 816,319
DEPRECIATION
At 1 February 2022 125,278
Charge for year 163,737
At 31 January 2023 289,015
NET BOOK VALUE
At 31 January 2023 527,304
At 31 January 2022 341,133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 328,062 254,969
Amounts owed by participating interests 3,082 455
Other debtors 10,719 25,272
341,863 280,696

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 171,741 229,304
Amounts owed to participating interests 67,450 67,450
Taxation and social security 62,100 345
Other creditors 5,228 1,700
306,519 298,799

7. RELATED PARTY DISCLOSURES

The directors, together with their wives, own 100% of the issued ordinary share capital of Davis & Barrett Business Management Limited which, in turn, holds 100% of the issued ordinary share capital of Davis & Barret Brickwork Contractors Limited, a company registered in England.

During the year, the company provided services totalling £1,669,368 (2022: £1,418,435) to Davis & Barrett Brickwork Contractors Limited, which were at arms length and under normal trade terms. As at 31 January 2023 trade debtors include an amount of £328,062 (2022: £254,969) and debtors also include an amount of £3,082 (2022: £455) due from Davis & Barrett Brickwork Contractors Limited.

The company also incurred recharged costs totalling £664,781 (2022: £996,787) from Davis & Barrett Brickwork Contractors Limited which were at arms length and under normal trading terms. At the year end, trade creditors include an amount of £11,108 (2022: £101,340) due to Davis & Barrett Brickwork Contractors Limited..

As at the year end, the company owed Davis and Barrett Business Management Ltd £67,450 (2022: £67,450).

Except for the above, there were no other related party transactions which require disclosing under FRS 102 Schedule 1A.