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REGISTERED NUMBER: 01170909 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 May 2023

for

D. B. Brooks Limited

D. B. Brooks Limited (Registered number: 01170909)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D. B. Brooks Limited

Company Information
for the year ended 31 May 2023







DIRECTORS: D B Brooks
Mrs M Brooks
D M Brooks





SECRETARY: D M Brooks





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





REGISTERED NUMBER: 01170909 (England and Wales)





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

D. B. Brooks Limited (Registered number: 01170909)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,664 63,752
Investments 5 10,000 10,000
89,664 73,752

CURRENT ASSETS
Debtors 6 791 258
Investments 7 3,500,000 -
Cash at bank and in hand 35,990 3,171,893
3,536,781 3,172,151
CREDITORS
Amounts falling due within one year 8 166,249 124,683
NET CURRENT ASSETS 3,370,532 3,047,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,460,196

3,121,220

CREDITORS
Amounts falling due after more than
one year

9

-

(4,219

)

ACCRUALS AND DEFERRED INCOME (1,690 ) (1,690 )
NET ASSETS 3,458,506 3,115,311

CAPITAL AND RESERVES
Called up share capital 903 903
Share premium 14,247 14,247
Capital redemption reserve 100 100
Retained earnings 3,443,256 3,100,061
SHAREHOLDERS' FUNDS 3,458,506 3,115,311

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.

D. B. Brooks Limited (Registered number: 01170909)

Balance Sheet - continued
31 May 2023


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 Limited (Registered number: 01170909)

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

1. STATUTORY INFORMATION

D. B. Brooks 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 as modified by the revaluation of certain assets.

Turnover
Turnover 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.
Freehold property - 2% of cost or valuation and Straight line over 25 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

D. B. Brooks Limited (Registered number: 01170909)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2022 109,632 23,412 32,531 165,575
Additions - - 25,750 25,750
At 31 May 2023 109,632 23,412 58,281 191,325
DEPRECIATION
At 1 June 2022 69,796 23,115 8,912 101,823
Charge for year 2,375 57 7,406 9,838
At 31 May 2023 72,171 23,172 16,318 111,661
NET BOOK VALUE
At 31 May 2023 37,461 240 41,963 79,664
At 31 May 2022 39,836 297 23,619 63,752

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 June 2022
and 31 May 2023 10,000
NET BOOK VALUE
At 31 May 2023 10,000
At 31 May 2022 10,000

Cost or valuation at 31 May 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2019 10,000 - 488,798

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 791 258

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Money Manager Investment 3,500,000 -

D. B. Brooks Limited (Registered number: 01170909)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,219 10,126
Amounts owed to group undertakings 139,220 89,179
Taxation and social security 15,318 20,415
Other creditors 7,492 4,963
166,249 124,683

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts - 4,219

10. ULTIMATE CONTROLLING PARTY

The controlling party is D B Brooks.