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COMPANY REGISTRATION NUMBER: 9626320
Gary Dawes Brickwork CYF
Filleted Unaudited Financial Statements
30 June 2023
Gary Dawes Brickwork CYF
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
75
223
Current assets
Debtors
6
4,441
2,569
Cash at bank and in hand
25,928
27,339
--------
--------
30,369
29,908
Creditors: amounts falling due within one year
7
36,860
44,804
--------
--------
Net current liabilities
6,491
14,896
-------
--------
Total assets less current liabilities
( 6,416)
( 14,673)
Creditors: amounts falling due after more than one year
8
65,126
66,648
--------
--------
Net liabilities
( 71,542)
( 81,321)
--------
--------
Capital and reserves
Called up share capital
9
2
2
Profit and loss account
( 71,544)
( 81,323)
--------
--------
Shareholders deficit
( 71,542)
( 81,321)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Gary Dawes Brickwork CYF
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 27 March 2024 , and are signed on behalf of the board by:
Mr G Dawes
Director
Company registration number: 9626320
Gary Dawes Brickwork CYF
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 33 Sheffield Drive, Steyton, Milford Haven, SA73 1AX, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis in sterling, which is the functional currency of the entitiy. The figures are rounded to the nearest whole pound. The principal activity of the company during the year was specialised construction.
Going concern
The Director has given assurances to the company that he will continue to support it for the next 12 months.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
25% p.a. Reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 July 2022 and 30 June 2023
1,793
-------
Depreciation
At 1 July 2022
1,570
Charge for the year
148
-------
At 30 June 2023
1,718
-------
Carrying amount
At 30 June 2023
75
-------
At 30 June 2022
223
-------
6. Debtors
2023
2022
£
£
Trade debtors
2,302
709
Other debtors
2,139
1,860
-------
-------
4,441
2,569
-------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
1,524
1,298
Trade creditors
21,603
28,110
Corporation tax
2,577
1,164
Social security and other taxes
7,853
4,098
Other creditors
3,303
10,134
--------
--------
36,860
44,804
--------
--------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
65,126
66,648
--------
--------
9. Called up share capital
Authorised share capital
2023
2022
No.
£
No.
£
Ordinary Class A shares of £ 1 each
1
1
1
1
Ordinary Class B shares of £ 1 each
1
1
1
1
----
----
----
----
2
2
2
2
----
----
----
----
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary Class A shares of £ 1 each
1
1
1
1
Ordinary Class B shares of £ 1 each
1
1
1
1
----
----
----
----
2
2
2
2
----
----
----
----
10. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
8,479
16,053
Later than 1 year and not later than 5 years
3,677
23,420
--------
--------
12,156
39,473
--------
--------
11. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr G Dawes
( 5,556)
7,695
2,139
-------
-------
----
-------
2022
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Mr G Dawes
7,558
( 13,114)
( 5,556)
-------
----
--------
-------
12. Related party transactions
The company was under the control of Mr G Dawes throughout the current period. Mr G Dawes is the managing director and owns 100% of the company's issued A ordinary share capital. Mrs T Dawes owns 100% of the company's issued B ordinary share capital. At the year end, the directors owed the company £2,139 (2022 the company owed: £5,556), repayable on demand.