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REGISTERED NUMBER: 01393210 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2023

FOR

DEAVES AND CO. HOME IMPROVEMENTS LIMITED

DEAVES AND CO. HOME IMPROVEMENTS LIMITED (REGISTERED NUMBER: 01393210)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEAVES AND CO. HOME IMPROVEMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTOR: L H Deaves





REGISTERED OFFICE: Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ





REGISTERED NUMBER: 01393210 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

DEAVES AND CO. HOME IMPROVEMENTS LIMITED (REGISTERED NUMBER: 01393210)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,794 30,235
Investments 5 250 250
24,044 30,485

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 280,703 283,363
Cash at bank and in hand 360,554 391,354
642,257 675,717
CREDITORS
Amounts falling due within one year 7 373,815 436,882
NET CURRENT ASSETS 268,442 238,835
TOTAL ASSETS LESS CURRENT
LIABILITIES

292,486

269,320

PROVISIONS FOR LIABILITIES 8 4,294 5,445
NET ASSETS 288,192 263,875

CAPITAL AND RESERVES
Called up share capital 46,155 46,155
Retained earnings 242,037 217,720
SHAREHOLDERS' FUNDS 288,192 263,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

DEAVES AND CO. HOME IMPROVEMENTS LIMITED (REGISTERED NUMBER: 01393210)

BALANCE SHEET - continued
31ST OCTOBER 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 director and authorised for issue on 19th February 2024 and were signed by:





L H Deaves - Director


DEAVES AND CO. HOME IMPROVEMENTS LIMITED (REGISTERED NUMBER: 01393210)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023

1. STATUTORY INFORMATION

Deaves and Co. Home Improvements 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.

Significant judgements and estimates
No significant judgements have had to be made by the directors in preparing these financial statements.

Turnover
Turnover is the value of work done in the year comprising the amounts invoiced during the year, exclusive of Value Added Tax, adjusted for opening and closing work in progress.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Stock and work in progress
Stocks are valued at the lower of cost and realisable value, after making due allowance for obsolete and slow moving items.

Work in progress is valued at direct cost, including labour and overheads, and an appropriate proportion of profit.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

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 profit or loss.

Pension costs and other post-retirement benefits
The Company operates defined contribution pension schemes for the Directors and certain staff. The assets of these schemes are held separately from those of the Company in independently administered funds. The pension cost charge represents contributions paid to the funds during the year.

DEAVES AND CO. HOME IMPROVEMENTS LIMITED (REGISTERED NUMBER: 01393210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

2. ACCOUNTING POLICIES - continued

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Stock is also assessed for impairment at each reporting date. The carrying amount of each item of stock, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of stock or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st November 2022 125,123 80,840 21,530 112,421 339,914
Additions - 199 - 1,379 1,578
At 31st October 2023 125,123 81,039 21,530 113,800 341,492
DEPRECIATION
At 1st November 2022 123,629 76,989 7,954 101,107 309,679
Charge for year 299 608 3,939 3,173 8,019
At 31st October 2023 123,928 77,597 11,893 104,280 317,698
NET BOOK VALUE
At 31st October 2023 1,195 3,442 9,637 9,520 23,794
At 31st October 2022 1,494 3,851 13,576 11,314 30,235

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1st November 2022
and 31st October 2023 250
NET BOOK VALUE
At 31st October 2023 250
At 31st October 2022 250

DEAVES AND CO. HOME IMPROVEMENTS LIMITED (REGISTERED NUMBER: 01393210)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 103,620 105,777
Amounts owed by group undertakings 18,359 18,359
Construction work in progress 58,015 55,683
Other debtors 100,709 103,544
280,703 283,363

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Payments on account 204,427 207,243
Trade creditors 76,332 89,140
Taxation and social security 78,410 74,291
Other creditors 14,646 66,208
373,815 436,882

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 4,294 5,445

Deferred
tax
£   
Balance at 1st November 2022 5,445
Provided during year (1,151 )
Balance at 31st October 2023 4,294