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REGISTERED NUMBER: 06075013 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Davis & Barrett Brickwork Contractors
Limited

Davis & Barrett Brickwork Contractors
Limited (Registered number: 06075013)






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 Brickwork Contractors
Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: W Barrett
L Davis
Mrs K Barrett
Mrs H Davis
T A Cutler





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





REGISTERED NUMBER: 06075013 (England and Wales)





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

Davis & Barrett Brickwork Contractors
Limited (Registered number: 06075013)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 691,608 1,003,569

CURRENT ASSETS
Stocks 40,740 49,349
Debtors 5 2,942,010 2,502,104
Cash at bank 127,445 44,964
3,110,195 2,596,417
CREDITORS
Amounts falling due within one year 6 1,394,611 1,376,441
NET CURRENT ASSETS 1,715,584 1,219,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,407,192

2,223,545

CREDITORS
Amounts falling due after more than one
year

7

(142,915

)

(175,488

)

PROVISIONS FOR LIABILITIES (121,479 ) (131,128 )
NET ASSETS 2,142,798 1,916,929

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,142,698 1,916,829
SHAREHOLDERS' FUNDS 2,142,798 1,916,929

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


Davis & Barrett Brickwork Contractors
Limited (Registered number: 06075013)

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

1. STATUTORY INFORMATION

Davis & Barrett Brickwork 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 4% on cost
Plant and machinery etc - 33% on reducing balance, 20% on reducing balance and 20% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Davis & Barrett Brickwork Contractors
Limited (Registered number: 06075013)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 29 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022 509,144 1,122,507 1,631,651
Additions - 274,975 274,975
Disposals (261,295 ) (181,110 ) (442,405 )
At 31 January 2023 247,849 1,216,372 1,464,221
DEPRECIATION
At 1 February 2022 30,087 597,995 628,082
Charge for year 12,073 222,151 234,224
Eliminated on disposal - (89,693 ) (89,693 )
At 31 January 2023 42,160 730,453 772,613
NET BOOK VALUE
At 31 January 2023 205,689 485,919 691,608
At 31 January 2022 479,057 524,512 1,003,569

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2022 515,444
Additions 271,504
Disposals (173,990 )
At 31 January 2023 612,958
DEPRECIATION
At 1 February 2022 242,622
Charge for year 161,291
Eliminated on disposal (84,906 )
At 31 January 2023 319,007
NET BOOK VALUE
At 31 January 2023 293,951
At 31 January 2022 272,822

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 527,903 1,026,754
Amounts owed by group undertakings 1,757,660 993,245
Amounts owed by participating interests 4,840 4,840
Other debtors 635,269 477,265
2,925,672 2,502,104

Davis & Barrett Brickwork Contractors
Limited (Registered number: 06075013)

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

5. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Other debtors 16,338 -

Aggregate amounts 2,942,010 2,502,104

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 36,000
Hire purchase contracts 92,565 140,951
Trade creditors 538,104 510,139
Amounts owed to participating interests 3,082 455
Taxation and social security 210,792 225,533
Other creditors 550,068 463,363
1,394,611 1,376,441

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 125,990
Hire purchase contracts 142,915 49,498
142,915 175,488

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

2023 2022
£    £   
Mrs K Barrett
Balance outstanding at start of year 31,000 -
Amounts advanced 10,000 31,000
Amounts repaid (12,844 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,156 31,000

T A Cutler
Balance outstanding at start of year 37,260 -
Amounts advanced - 40,000
Amounts repaid (7,772 ) (2,740 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,488 37,260

L Davis
Balance outstanding at start of year - -
Amounts advanced 57,761 -
Amounts repaid (6,566 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,195 -

Davis & Barrett Brickwork Contractors
Limited (Registered number: 06075013)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

W Barrett
Balance outstanding at start of year - -
Amounts advanced 3,761 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,761 -

In October 2021, Mr T A Cutler was granted a loan through the company. The loan is repayable over four and a half years with the last repayment due in May 2026. Interest, at the rate of 1.9% per annum over base rate, is payable throughout the term of the loan.

In January 2022, Mrs K Barrett was granted a loan through the company. The loan is repayable over 21 months with the last repayment due in August 2024. Interest, at the rate of 1.9% per annum over base rate, is payable throughout the term of the loan.

During the year, Mr L Davis was granted a loan through the company. The loan was drawn down in May 2022 and is repayable over 5 years with the last repayment in August 2026. Interest at the rate of 1.9% over base rate per annum, is payable throughout the term of the loan.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £499,500 were paid to the directors .

Mr W Barrett and Mr L Davis, together with their wives, own 100% of the issued ordinary share capital of Davis & Barrett Scaffolding Contractors Limited, a company registered in England.

The company also recharged services totalling £837,688 (2022: £996,787) to Davis & Barrett Scaffolding Contractors Limited which were at arms length and under normal trade terms. As at 31 January 2023 trade debtors include an amount of £11,108 (2022: £101,340) due from Davis & Barrett Scaffolding.

During the year, the company incurred costs totalling £1,669,368 (2022: £1,418,435) from Davis & Barrett Scaffolding Contractors Limited which were at arms length and under normal trading terms. At the year end, trade creditors include an amount of £321,891 (2022: £254,969). Other creditors also include an amount of £3,082 (2022: £455) due to Davis & Barrett Scaffolding Contractors Limited.

The company is also owed £4,840 from Davis & Barrett Property Investment Ltd, which Mr W Barrett and Mr L Davis own 100% of the issued ordinary share capital.

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

10. POST BALANCE SHEET EVENTS

On 31 March 2023 the entire issued share capital of Davis & Barrett Business Management Limited, the immediate parent of Davis & Barret Brickwork Contractors Limited, was bought by C&M Holdings Group Limited, a company registered in England.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Davis & Barrett Business ManagementLimited.

The ultimate controlling party is Mr W Barrett and Mr L Davis.