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REGISTERED NUMBER: 03708560 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

BATH DEMOLITION LIMITED

BATH DEMOLITION LIMITED (REGISTERED NUMBER: 03708560)






Contents of the Financial Statements
for the year ended 30 September 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


BATH DEMOLITION LIMITED

Company Information
for the year ended 30 September 2023







DIRECTOR: P J Ealey





SECRETARY: D L Ealey





REGISTERED OFFICE: Aldermoor Way
Longwell Green
Bristol
BS30 7EU





REGISTERED NUMBER: 03708560 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Bath Demolition Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bath Demolition Limited for the year ended 30 September 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Bath Demolition Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bath Demolition Limited and state those matters that we have agreed to state to the director of Bath Demolition Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bath Demolition Limited and its director for our work or for this report.

It is your duty to ensure that Bath Demolition Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bath Demolition Limited. You consider that Bath Demolition Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bath Demolition Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


11 April 2024

BATH DEMOLITION LIMITED (REGISTERED NUMBER: 03708560)

Balance Sheet
30 September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,878,165 1,264,689

CURRENT ASSETS
Debtors 5 3,416,046 1,726,278
Cash at bank and in hand 1,394,383 1,566,193
4,810,429 3,292,471
CREDITORS
Amounts falling due within one year 6 1,760,772 853,476
NET CURRENT ASSETS 3,049,657 2,438,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,927,822

3,703,684

PROVISIONS FOR LIABILITIES 7 450,285 280,612
NET ASSETS 4,477,537 3,423,072

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 4,477,535 3,423,070
SHAREHOLDERS' FUNDS 4,477,537 3,423,072

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 April 2024 and were signed by:




P J Ealey - Director


BATH DEMOLITION LIMITED (REGISTERED NUMBER: 03708560)

Notes to the Financial Statements
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Bath Demolition 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.

Critical accounting judgements and key sources of estimation uncertainty
Revenue and directly related costs are recognised according to the stage of completion for each contract. The directors have used their expert judgement to estimate the stage of completion for each contract at the year end.

No other significant judgements or key assumptions have had to be made by the directors in preparing the financial statements.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the revenue can be reliably measured. Turnover is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales
taxes.

Turnover from a contract to provide services is recognised in the period in which the services are
provided in accordance with the stage of completion of the contract when all of the following
conditions are satisfied:

- The amount of Turnover can be measured reliably.
- It is probable that the Company will receive the consideration due under the contract.
- The stage of completion of the contract at the end of the reporting period can be measured
reliably.
- The costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance

Government grants
Government grants are accounted for under the accruals method, with those in relation to expenditure credited when the expenditure is charged to the profit and loss.

BATH DEMOLITION LIMITED (REGISTERED NUMBER: 03708560)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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

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

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

BATH DEMOLITION LIMITED (REGISTERED NUMBER: 03708560)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 23 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2022 2,589,690 59,467 611,082 3,260,239
Additions 593,950 899 292,258 887,107
Disposals (327,600 ) - (177,495 ) (505,095 )
At 30 September 2023 2,856,040 60,366 725,845 3,642,251
DEPRECIATION
At 1 October 2022 1,558,236 41,997 395,317 1,995,550
Charge for year 173,344 2,510 51,226 227,080
Eliminated on disposal (300,158 ) - (158,386 ) (458,544 )
At 30 September 2023 1,431,422 44,507 288,157 1,764,086
NET BOOK VALUE
At 30 September 2023 1,424,618 15,859 437,688 1,878,165
At 30 September 2022 1,031,454 17,470 215,765 1,264,689

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,453,160 920,170
Amounts owed by group undertakings - 10,279
Amounts recoverable on
contracts 330,016 362,640
Other debtors 632,870 433,189
3,416,046 1,726,278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 192,555 -
Trade creditors 1,061,945 469,151
Amounts owed to group undertakings 262,598 -
Taxation and social security 186,999 170,091
Other creditors 56,675 214,234
1,760,772 853,476

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 450,285 280,612

BATH DEMOLITION LIMITED (REGISTERED NUMBER: 03708560)

Notes to the Financial Statements - continued
for the year ended 30 September 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2022 280,612
Accelerated capital allowances 169,673
Balance at 30 September 2023 450,285

The deferred tax provision relates wholly to accelerated capital allowances.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the director owed to the company £117,770 (2022 £Nil). During the year £119,000 was advanced (2022: £46,685) and £1,230 was repaid. (2022: £60,000).

10. RELATED PARTY DISCLOSURES

The company has paid rent of £120,000 to its parent company Bath Demolition Holdings Ltd. The rent was at market rate for the property.

11. PARENT COMPANY

The parent company is Bath Demolition Holdings Ltd.