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REGISTERED NUMBER: 02926070 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2023

for

D.b. Brooks (Electrical Engineers)
Limited

D.b. Brooks (Electrical Engineers)
Limited (Registered number: 02926070)






Contents of the Financial Statements
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


D.b. Brooks (Electrical Engineers)
Limited

Company Information
for the year ended 31 May 2023







DIRECTORS: D M Brooks
D B Brooks
Mrs M Brooks





SECRETARY: D M Brooks





REGISTERED OFFICE: Sinclair Close
Heanor Gate Industrial Park
Heanor
Derbyshire
DE75 7SP





REGISTERED NUMBER: 02926070 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

D.b. Brooks (Electrical Engineers)
Limited (Registered number: 02926070)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 34,402 43,369

CURRENT ASSETS
Debtors 5 1,068,150 1,139,953
Cash at bank and in hand 1,518,577 792,145
2,586,727 1,932,098
CREDITORS
Amounts falling due within one year 6 1,656,224 1,042,150
NET CURRENT ASSETS 930,503 889,948
TOTAL ASSETS LESS CURRENT
LIABILITIES

964,905

933,317

PROVISIONS FOR LIABILITIES 5,853 5,853
NET ASSETS 959,052 927,464

CAPITAL AND RESERVES
Called up share capital 10,011 10,011
Share premium 540 540
Retained earnings 948,501 916,913
SHAREHOLDERS' FUNDS 959,052 927,464

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 3 November 2023 and were signed on its behalf by:





D M Brooks - Director


D.b. Brooks (Electrical Engineers)
Limited (Registered number: 02926070)

Notes to the Financial Statements
for the year ended 31 May 2023

1. STATUTORY INFORMATION

D.b. Brooks (Electrical Engineers) 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
Revenue 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

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.

Long term contracts
Amounts recoverable on long term contracts, which are included in debtors, are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses on contracts, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

3. EMPLOYEES AND DIRECTORS

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

D.b. Brooks (Electrical Engineers)
Limited (Registered number: 02926070)

Notes to the Financial Statements - continued
for the year ended 31 May 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022
and 31 May 2023 30,412 8,386 82,854 3,686 125,338
DEPRECIATION
At 1 June 2022 14,605 5,435 58,243 3,686 81,969
Charge for year 2,371 443 6,153 - 8,967
At 31 May 2023 16,976 5,878 64,396 3,686 90,936
NET BOOK VALUE
At 31 May 2023 13,436 2,508 18,458 - 34,402
At 31 May 2022 15,807 2,951 24,611 - 43,369

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 599,721 509,428
Amounts owed by group undertakings 139,220 89,179
Amounts recoverable on contract 314,448 510,414
Other debtors 14,761 30,932
1,068,150 1,139,953

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 1,233,075 791,332
Trade creditors 74,351 102,388
Taxation and social security 303,770 107,971
Other creditors 45,028 40,459
1,656,224 1,042,150

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is DB Brooks Limited.