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REGISTERED NUMBER: 07026986 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Brickfield Construction Limited

Brickfield Construction Limited (Registered number: 07026986)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Brickfield Construction Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: W A Southon
O B Southon





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 07026986 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Brickfield Construction Limited (Registered number: 07026986)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 8,928 17,552

CURRENT ASSETS
Stocks 5 66,780 66,388
Debtors 6 736,334 761,089
Cash at bank and in hand 293,823 206,323
1,096,937 1,033,800
CREDITORS
Amounts falling due within one year 7 (627,184 ) (566,971 )
NET CURRENT ASSETS 469,753 466,829
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,681

484,381

CREDITORS
Amounts falling due after more than one
year

8

(114,719

)

(212,392

)

PROVISIONS FOR LIABILITIES (2,232 ) (3,335 )
NET ASSETS 361,730 268,654

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 360,730 267,654
SHAREHOLDERS' FUNDS 361,730 268,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Brickfield Construction Limited (Registered number: 07026986)

Statement of Financial Position - continued
30 June 2023


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 12 October 2023 and were signed on its behalf by:





W A Southon - Director


Brickfield Construction Limited (Registered number: 07026986)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Brickfield Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Amounts recoverable on projects in progress represents the excess of the value of work done by the statement of financial position date (which has been recorded as turnover) over cumulative payments received on account and, where the outcome of the contract can be assessed with reasonable accuracy, an element of attributable profit is recognised after due provision for any expected losses taking into account all further costs to completion.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress represents unmeasured work less costs.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Brickfield Construction Limited (Registered number: 07026986)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued

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

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

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pension costs
The company makes contributions to directors' and staff personal pension schemes which are charged to the Income Statement when they are paid, and to a defined contribution scheme for staff which are charged to the Income Statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2022 6,483 33,090 16,182 55,755
Additions - - 1,987 1,987
Disposals - (33,090 ) - (33,090 )
At 30 June 2023 6,483 - 18,169 24,652
DEPRECIATION
At 1 July 2022 5,078 25,119 8,006 38,203
Charge for year 349 1,770 2,291 4,410
Eliminated on disposal - (26,889 ) - (26,889 )
At 30 June 2023 5,427 - 10,297 15,724
NET BOOK VALUE
At 30 June 2023 1,056 - 7,872 8,928
At 30 June 2022 1,405 7,971 8,176 17,552

5. STOCKS
2023 2022
£    £   
Stocks 5,000 5,000
Work in progress 61,780 61,388
66,780 66,388

Brickfield Construction Limited (Registered number: 07026986)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 702,577 742,070
Other debtors 3,150 3,150
Directors' current accounts - 364
Prepayments 30,607 15,505
736,334 761,089

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 63,588 58,192
Other loans 34,085 32,181
Hire purchase contracts (see note 9) - 1,082
Trade creditors 233,263 243,415
Tax 63,461 32,119
Social security and other taxes 24,048 40,722
VAT 79,492 112,263
Other creditors 9,633 19,670
Directors' current accounts 501 359
Accrued expenses 119,113 26,968
627,184 566,971

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 69,484 63,588
Bank loans - 2-5 years 18,355 87,839
Other loans - 1-2 years 26,880 34,085
Other loans - 2-5 years - 26,880
114,719 212,392

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year - 1,082

Non-cancellable operating leases
2023 2022
£    £   
Within one year 21,736 23,250
Between one and five years 47,442 25,091
69,178 48,341

The operating lease for the office rent has been secured with personal guarantees from the directors.

Brickfield Construction Limited (Registered number: 07026986)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 1,082

Hire purchase contracts are secured on the assets held under these contracts.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
W A Southon
Balance outstanding at start of year (359 ) (249 )
Amounts advanced 570 202
Amounts repaid (311 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (100 ) (359 )

O B Southon
Balance outstanding at start of year 364 (577 )
Amounts advanced - 1,253
Amounts repaid (765 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (401 ) 364

Amounts owed by the company are unsecured, interest free and repayable on demand.