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REGISTERED NUMBER: 05296462 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

BARLOW & DAVIS CONSTRUCTION LIMITED

BARLOW & DAVIS CONSTRUCTION LIMITED (REGISTERED NUMBER: 05296462)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARLOW & DAVIS CONSTRUCTION LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTORS: A M Davis
A Barlow



SECRETARY: A Barlow



REGISTERED OFFICE: Suite 1, 1st Floor
42 Alexandra Road
Farnborough
Hampshire
GU14 6DA



REGISTERED NUMBER: 05296462 (England and Wales)



ACCOUNTANTS: Barry D P Flodman
c/o Barry Flodman Limited
Suite 1, 1st Floor
42 Alexandra Road
FARNBOROUGH
Hampshire
GU14 6DA



BANKERS: Lloyds TSB
147, High Street
GUILDFORD
Surrey
GU1 3AG



SOLICITORS: *
*
*
*
*
*
*

BARLOW & DAVIS CONSTRUCTION LIMITED (REGISTERED NUMBER: 05296462)

BALANCE SHEET
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,363 13,315

CURRENT ASSETS
Stocks 5 12,295 20,042
Debtors 6 19,000 -
Cash at bank and in hand 903 15,989
32,198 36,031
CREDITORS
Amounts falling due within one year 7 47,224 71,955
NET CURRENT LIABILITIES (15,026 ) (35,924 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,663

)

(22,609

)

CREDITORS
Amounts falling due after more than one
year

8

37,112

41,998
NET LIABILITIES (41,775 ) (64,607 )

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings (41,795 ) (64,627 )
SHAREHOLDERS' FUNDS (41,775 ) (64,607 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

BARLOW & DAVIS CONSTRUCTION LIMITED (REGISTERED NUMBER: 05296462)

BALANCE SHEET - continued
30 November 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 8 February 2024 and were signed on its behalf by:




A Barlow - Director



A M Davis - Director


BARLOW & DAVIS CONSTRUCTION LIMITED (REGISTERED NUMBER: 05296462)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Barlow & Davis Construction 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
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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 2 (2022 - 2 ) .

BARLOW & DAVIS CONSTRUCTION LIMITED (REGISTERED NUMBER: 05296462)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 8,842 61,162 2,003 72,007
DEPRECIATION
At 1 December 2022 6,344 50,366 1,982 58,692
Charge for year 353 2,596 3 2,952
At 30 November 2023 6,697 52,962 1,985 61,644
NET BOOK VALUE
At 30 November 2023 2,145 8,200 18 10,363
At 30 November 2022 2,498 10,796 21 13,315

5. STOCKS
30.11.23 30.11.22
£    £   
Work-in-progress 12,295 20,042

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 19,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 9) 6,609 4,149
Hire purchase contracts - 3,009
Trade creditors 8,236 22,473
Company taxation 23,820 36,294
CIS deductions 1,522 (492 )
VAT 1,390 2,153
Other creditors 13 13
Directors' current accounts 1,134 356
Accrued expenses 4,500 4,000
47,224 71,955

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 9) 37,112 41,998

BARLOW & DAVIS CONSTRUCTION LIMITED (REGISTERED NUMBER: 05296462)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

9. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 6,609 4,149

Amounts falling due between one and two years:
Bank loans - 1-2 years 37,112 41,998

Business Bounce Back Loan £50,000 through Lloyds Bank plc.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
A M Davis
Balance outstanding at start of year (80 ) (80 )
Amounts advanced 56,022 -
Amounts repaid (56,411 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (469 ) (80 )

A Barlow
Balance outstanding at start of year (274 ) (185 )
Amounts advanced 54,600 -
Amounts repaid (55,889 ) (89 )
Amounts written off 900 -
Amounts waived - -
Balance outstanding at end of year (663 ) (274 )

11. SECURED AND APPROVED BUILDING CONTRACTS

Building contracts secured and approved - not started, but with completion by the year ending 30 November 2024

1.) Punda Maria - complete renovation with basement and two storey extension £589,000
2.) Toadstools - bungalow extension and loft conversion £293,000
3.) Wisteria House - kitchen £20,000
4.) Abbots Ride - garage conversion £18,000