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REGISTERED NUMBER: 07552802 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

GD & Sons Building Contractors Ltd

GD & Sons Building Contractors Ltd (Registered number: 07552802)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GD & Sons Building Contractors Ltd

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: G Douthwaite
V Douthwaite
Mrs D Douthwaite
G Douthwaite





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hampshire
GU14 6JP





REGISTERED NUMBER: 07552802 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

GD & Sons Building Contractors Ltd (Registered number: 07552802)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 41,297 12,741
41,297 12,741

CURRENT ASSETS
Stocks 3,740 5,000
Debtors 6 664,564 259,774
Cash at bank 47,356 3,913
715,660 268,687
CREDITORS
Amounts falling due within one year 7 685,663 215,699
NET CURRENT ASSETS 29,997 52,988
TOTAL ASSETS LESS CURRENT LIABILITIES 71,294 65,729

CREDITORS
Amounts falling due after more than one year 8 49,818 37,500
NET ASSETS 21,476 28,229

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 21,472 28,225
SHAREHOLDERS' FUNDS 21,476 28,229

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.

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 23 October 2023 and were signed on its behalf by:





G Douthwaite - Director


GD & Sons Building Contractors Ltd (Registered number: 07552802)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

GD & Sons Building Contractors Ltd 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 represents net invoiced sales of goods and services, excluding value added tax and is recognised once the work is completed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 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 tax recognised as 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 not recognised in respect of any timing differences that have originated but not reversed at the balance sheet date since the amount is not considered to be material.

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 8 (2022 - 8 ) .

GD & Sons Building Contractors Ltd (Registered number: 07552802)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 20,000
AMORTISATION
At 1 April 2022
and 31 March 2023 20,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 4,216 49,616 1,299 55,131
Additions - 45,245 799 46,044
Disposals - (25,786 ) - (25,786 )
At 31 March 2023 4,216 69,075 2,098 75,389
DEPRECIATION
At 1 April 2022 3,902 37,573 915 42,390
Charge for year 63 13,365 237 13,665
Eliminated on disposal - (21,963 ) - (21,963 )
At 31 March 2023 3,965 28,975 1,152 34,092
NET BOOK VALUE
At 31 March 2023 251 40,100 946 41,297
At 31 March 2022 314 12,043 384 12,741

GD & Sons Building Contractors Ltd (Registered number: 07552802)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022 17,380
Additions 24,750
Transfer to ownership (17,380 )
At 31 March 2023 24,750
DEPRECIATION
At 1 April 2022 11,881
Charge for year 6,187
Transfer to ownership (11,881 )
At 31 March 2023 6,187
NET BOOK VALUE
At 31 March 2023 18,563
At 31 March 2022 5,499

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 32,182 34,376
Other debtors 632,382 225,398
664,564 259,774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 13,500 10,000
Hire purchase contracts 3,960 3,884
Trade creditors 16,645 30,890
Taxation and social security 22,582 28,995
Other creditors 628,976 141,930
685,663 215,699

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 35,958 37,500
Hire purchase contracts 13,860 -
49,818 37,500