Barker Bricklayers Ltd 10599859 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is the provision of bricklaying services. Digita Accounts Production Advanced 6.30.9574.0 true true 10599859 2022-03-01 2023-02-28 10599859 2023-02-28 10599859 core:CurrentFinancialInstruments 2023-02-28 10599859 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 10599859 core:Goodwill 2023-02-28 10599859 core:MotorVehicles 2023-02-28 10599859 bus:SmallEntities 2022-03-01 2023-02-28 10599859 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 10599859 bus:FullAccounts 2022-03-01 2023-02-28 10599859 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 10599859 bus:RegisteredOffice 2022-03-01 2023-02-28 10599859 bus:Director1 2022-03-01 2023-02-28 10599859 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 10599859 core:Goodwill 2022-03-01 2023-02-28 10599859 core:MotorVehicles 2022-03-01 2023-02-28 10599859 countries:England 2022-03-01 2023-02-28 10599859 2022-02-28 10599859 core:Goodwill 2022-02-28 10599859 core:MotorVehicles 2022-02-28 10599859 2021-03-01 2022-02-28 10599859 2022-02-28 10599859 core:CurrentFinancialInstruments 2022-02-28 10599859 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 10599859 core:MotorVehicles 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 10599859

Barker Bricklayers Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 28 February 2023

 

Barker Bricklayers Ltd

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 5

 

Barker Bricklayers Ltd

(Registration number: 10599859)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

7,804

10,406

Current assets

 

Debtors

6

5,060

7,881

Cash at bank and in hand

 

80,181

61,380

 

85,241

69,261

Creditors: Amounts falling due within one year

7

(77,268)

(62,093)

Net current assets

 

7,973

7,168

Total assets less current liabilities

 

15,777

17,574

Provisions for liabilities

(1,483)

(1,977)

Net assets

 

14,294

15,597

Capital and reserves

 

Called up share capital

100

100

Retained earnings

14,194

15,497

Shareholders' funds

 

14,294

15,597

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 August 2023
 

.........................................
R Barker
Director

 

Barker Bricklayers Ltd

Notes to the Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
7a King Street
Frome
Somerset
BA11 1BH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Barker Bricklayers Ltd

Notes to the Financial Statements for the Year Ended 28 February 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its estimated useful life of five years.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% per annum on cost

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business, and are recognised initially at the transaction price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers, and are recognised initially at the transaction price.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Barker Bricklayers Ltd

Notes to the Financial Statements for the Year Ended 28 February 2023

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 March 2022

10,000

10,000

At 28 February 2023

10,000

10,000

Amortisation

At 1 March 2022

10,000

10,000

At 28 February 2023

10,000

10,000

Net book value

At 28 February 2023

-

-

5

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

At 1 March 2022

18,500

18,500

At 28 February 2023

18,500

18,500

Depreciation

At 1 March 2022

8,094

8,094

Charge for the year

2,602

2,602

At 28 February 2023

10,696

10,696

Net book value

At 28 February 2023

7,804

7,804

At 28 February 2022

10,406

10,406

6

Debtors

2023
£

2022
£

Other debtors

5,060

7,881

5,060

7,881

 

Barker Bricklayers Ltd

Notes to the Financial Statements for the Year Ended 28 February 2023

7

Creditors

Amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

-

304

Accruals and deferred income

1,247

1,022

Other creditors

73,486

56,532

Corporation tax

2,535

4,235

77,268

62,093