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REGISTERED NUMBER: 00568684 (England and Wales)












ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

L.DARBY & SON LIMITED

L.DARBY & SON LIMITED (REGISTERED NUMBER: 00568684)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


L.DARBY & SON LIMITED

COMPANY INFORMATION
for the year ended 31 July 2023







DIRECTORS: C D Horton
C Horton





SECRETARY: Mrs C Griffiths





REGISTERED OFFICE: Torrington Avenue
Coventry
West Midlands
CV4 9SX





REGISTERED NUMBER: 00568684 (England and Wales)






L.DARBY & SON LIMITED (REGISTERED NUMBER: 00568684)

ABRIDGED BALANCE SHEET
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 350,608 327,838

CURRENT ASSETS
Stock and work in progress 84,218 148,368
Debtors 1,241,462 1,094,802
Cash at bank and in hand 814,235 1,549,248
2,139,915 2,792,418
CREDITORS
Amounts falling due within one year 1,032,318 1,751,174
NET CURRENT ASSETS 1,107,597 1,041,244
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,458,205

1,369,082

CREDITORS
Amounts falling due after more than one
year

5

(230,482

)

(271,646

)

PROVISIONS FOR LIABILITIES (13,506 ) (5,938 )
NET ASSETS 1,214,217 1,091,498

CAPITAL AND RESERVES
Called up share capital 800 800
Retained earnings 1,213,417 1,090,698
SHAREHOLDERS' FUNDS 1,214,217 1,091,498

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

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

L.DARBY & SON LIMITED (REGISTERED NUMBER: 00568684)

ABRIDGED BALANCE SHEET - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 July 2024 and were signed on its behalf by:





C D Horton - Director


L.DARBY & SON LIMITED (REGISTERED NUMBER: 00568684)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2023

1. STATUTORY INFORMATION

L.Darby & Son 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.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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 - at variable rates on reducing balance
Motor vehicles - 25% on reducing balance

Freehold property is stated at cost less depreciation in accordance with FRS 102. It is company policy to maintain freehold property to a high standard with the cost of repairs and maintenance being charged to the income statement. The residual value of the property is therefore expected not to be less than the original purchase cost. No depreciation is therefore charged on freehold property.

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

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.

L.DARBY & SON LIMITED (REGISTERED NUMBER: 00568684)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 387,856
Additions 31,263
Disposals (3,558 )
At 31 July 2023 415,561
DEPRECIATION
At 1 August 2022 60,018
Charge for year 6,737
Eliminated on disposal (1,802 )
At 31 July 2023 64,953
NET BOOK VALUE
At 31 July 2023 350,608
At 31 July 2022 327,838

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans - more than 5 years 134,018 241,646

6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 254,598 279,146

The bank loan is a legal mortgage secured on the freehold property.

7. PENSION COMMITMENTS

At the year end, outstanding pension contributions totalled £4,054 (2022 - £4,188).

Total pension contributions in the year amounted to £88,649 (2022 - £84,587).

8. ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking is Darby Mechanical Services Limited. No consolidated accounts are drawn up for Darby Mechanical Services Limited. Darby Mechanical Services Limited is controlled by C D Horton.