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Company registration number: 10455211
TOM GROVES BRICKWORK & CONSTRUCTION LIMITED
30 November 2023
HEYWOODS
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
TOM GROVES BRICKWORK & CONSTRUCTION LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
TOM GROVES BRICKWORK & CONSTRUCTION LIMITED
DIRECTORS AND OTHER INFORMATION
Director Mr T S Groves
Company number 10455211
Registered office Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
Business address 71 Canon Street
Shrewsbury
Shropshire
SY2 5HH
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
TOM GROVES BRICKWORK & CONSTRUCTION LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF TOM GROVES BRICKWORK & CONSTRUCTION LIMITED
YEAR ENDED 30 NOVEMBER 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tom Groves Brickwork & Construction Limited for the year ended 30 November 2023 which comprise the statement of financial position, statement of changes in equity and 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 at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Tom Groves Brickwork & Construction Limited, as a body, in accordance with the terms of our engagement letter dated 21 September 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Tom Groves Brickwork & Construction Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tom Groves Brickwork & Construction Limited and its director as a body for our work or for this report.
It is your duty to ensure that Tom Groves Brickwork & Construction 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 Tom Groves Brickwork & Construction Limited. You consider that Tom Groves Brickwork & Construction 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 Tom Groves Brickwork & Construction 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.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
14 March 2024
TOM GROVES BRICKWORK & CONSTRUCTION LIMITED
STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 5 12,018 14,798
_______ _______
12,018 14,798
Current assets
Debtors 6 353,312 85,149
Cash at bank and in hand 140,030 301,484
_______ _______
493,342 386,633
Creditors: amounts falling due
within one year 7 ( 125,772) ( 105,606)
_______ _______
Net current assets 367,570 281,027
_______ _______
Total assets less current liabilities 379,588 295,825
Creditors: amounts falling due
after more than one year 8 - ( 3,800)
Provisions for liabilities ( 3,034) ( 3,699)
_______ _______
Net assets 376,554 288,326
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 376,454 288,226
_______ _______
Shareholder funds 376,554 288,326
_______ _______
For the year ending 30 November 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 member has 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 07 March 2024 , and are signed on behalf of the board by:
Mr T S Groves
Director
Company registration number: 10455211
TOM GROVES BRICKWORK & CONSTRUCTION LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 30 NOVEMBER 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 December 2021 100 203,415 203,515
Profit for the year 124,811 124,811
_______ _______ _______
Total comprehensive income for the year - 124,811 124,811
Dividends paid and payable ( 40,000) ( 40,000)
_______ _______ _______
Total investments by and distributions to owners - ( 40,000) ( 40,000)
_______ _______ _______
At 30 November 2022 and 1 December 2022 100 288,226 288,326
Profit for the year 178,228 178,228
_______ _______ _______
Total comprehensive income for the year - 178,228 178,228
Dividends paid and payable ( 90,000) ( 90,000)
_______ _______ _______
Total investments by and distributions to owners - ( 90,000) ( 90,000)
_______ _______ _______
At 30 November 2023 100 376,454 376,554
_______ _______ _______
TOM GROVES BRICKWORK & CONSTRUCTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 NOVEMBER 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 Countrywide House, Knights Way, Shrewsbury, Shropshire, SY1 3AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and 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:
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 3 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 December 2022 2,022 24,936 26,958
Additions 856 - 856
_______ _______ _______
At 30 November 2023 2,878 24,936 27,814
_______ _______ _______
Depreciation
At 1 December 2022 958 11,202 12,160
Charge for the year 202 3,434 3,636
_______ _______ _______
At 30 November 2023 1,160 14,636 15,796
_______ _______ _______
Carrying amount
At 30 November 2023 1,718 10,300 12,018
_______ _______ _______
At 30 November 2022 1,064 13,734 14,798
_______ _______ _______
6. Debtors
2023 2022
£ £
Trade debtors 326,916 79,889
Other debtors 26,396 5,260
_______ _______
353,312 85,149
_______ _______
7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 3,800 3,800
Trade creditors 32,066 20,422
Corporation tax 53,735 30,546
Social security and other taxes 30,758 9,518
Other creditors 5,413 41,320
_______ _______
125,772 105,606
_______ _______
8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Other creditors - 3,800
_______ _______
9. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Amounts repaid Balance o/standing
£ £ £
Mr T S Groves ( 36,317) 61,328 25,011
_______ _______ _______
2022
Balance brought forward Amounts repaid Balance o/standing
£ £ £
Mr T S Groves ( 43,328) 7,011 ( 36,317)
_______ _______ _______