2023-04-012024-03-312024-03-31false10072211DERRICK FRANCIS MASONRY LIMITED2024-08-0223700iso4217:GBPxbrli:pure100722112023-04-01100722112024-03-31100722112023-04-012024-03-31100722112022-04-01100722112023-03-31100722112022-04-012023-03-3110072211bus:SmallEntities2023-04-012024-03-3110072211bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3110072211bus:AbridgedAccounts2023-04-012024-03-3110072211bus:PrivateLimitedCompanyLtd2023-04-012024-03-3110072211core:WithinOneYear2024-03-3110072211core:AfterOneYear2024-03-3110072211core:WithinOneYear2023-03-3110072211core:AfterOneYear2023-03-3110072211core:ShareCapital2024-03-3110072211core:SharePremium2024-03-3110072211core:RevaluationReserve2024-03-3110072211core:OtherReservesSubtotal2024-03-3110072211core:RetainedEarningsAccumulatedLosses2024-03-3110072211core:ShareCapital2023-03-3110072211core:SharePremium2023-03-3110072211core:RevaluationReserve2023-03-3110072211core:OtherReservesSubtotal2023-03-3110072211core:RetainedEarningsAccumulatedLosses2023-03-3110072211core:LandBuildings2024-03-3110072211core:PlantMachinery2024-03-3110072211core:Vehicles2024-03-3110072211core:FurnitureFittings2024-03-3110072211core:OfficeEquipment2024-03-3110072211core:NetGoodwill2024-03-3110072211core:IntangibleAssetsOtherThanGoodwill2024-03-3110072211core:ListedExchangeTraded2024-03-3110072211core:UnlistedNon-exchangeTraded2024-03-3110072211core:LandBuildings2023-03-3110072211core:PlantMachinery2023-03-3110072211core:Vehicles2023-03-3110072211core:FurnitureFittings2023-03-3110072211core:OfficeEquipment2023-03-3110072211core:NetGoodwill2023-03-3110072211core:IntangibleAssetsOtherThanGoodwill2023-03-3110072211core:ListedExchangeTraded2023-03-3110072211core:UnlistedNon-exchangeTraded2023-03-3110072211core:LandBuildings2023-04-012024-03-3110072211core:PlantMachinery2023-04-012024-03-3110072211core:Vehicles2023-04-012024-03-3110072211core:FurnitureFittings2023-04-012024-03-3110072211core:OfficeEquipment2023-04-012024-03-3110072211core:NetGoodwill2023-04-012024-03-3110072211core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110072211core:ListedExchangeTraded2023-04-012024-03-3110072211core:UnlistedNon-exchangeTraded2023-04-012024-03-3110072211core:MoreThanFiveYears2023-04-012024-03-3110072211core:Non-currentFinancialInstruments2024-03-3110072211core:Non-currentFinancialInstruments2023-03-3110072211dpl:CostSales2023-04-012024-03-3110072211dpl:DistributionCosts2023-04-012024-03-3110072211core:LandBuildings2023-04-012024-03-3110072211core:PlantMachinery2023-04-012024-03-3110072211core:Vehicles2023-04-012024-03-3110072211core:FurnitureFittings2023-04-012024-03-3110072211core:OfficeEquipment2023-04-012024-03-3110072211dpl:AdministrativeExpenses2023-04-012024-03-3110072211core:NetGoodwill2023-04-012024-03-3110072211core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3110072211dpl:GroupUndertakings2023-04-012024-03-3110072211dpl:ParticipatingInterests2023-04-012024-03-3110072211dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3110072211core:ListedExchangeTraded2023-04-012024-03-3110072211dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3110072211core:UnlistedNon-exchangeTraded2023-04-012024-03-3110072211dpl:CostSales2022-04-012023-03-3110072211dpl:DistributionCosts2022-04-012023-03-3110072211core:LandBuildings2022-04-012023-03-3110072211core:PlantMachinery2022-04-012023-03-3110072211core:Vehicles2022-04-012023-03-3110072211core:FurnitureFittings2022-04-012023-03-3110072211core:OfficeEquipment2022-04-012023-03-3110072211dpl:AdministrativeExpenses2022-04-012023-03-3110072211core:NetGoodwill2022-04-012023-03-3110072211core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3110072211dpl:GroupUndertakings2022-04-012023-03-3110072211dpl:ParticipatingInterests2022-04-012023-03-3110072211dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3110072211core:ListedExchangeTraded2022-04-012023-03-3110072211dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3110072211core:UnlistedNon-exchangeTraded2022-04-012023-03-3110072211core:NetGoodwill2024-03-3110072211core:IntangibleAssetsOtherThanGoodwill2024-03-3110072211core:LandBuildings2024-03-3110072211core:PlantMachinery2024-03-3110072211core:Vehicles2024-03-3110072211core:FurnitureFittings2024-03-3110072211core:OfficeEquipment2024-03-3110072211core:AfterOneYear2024-03-3110072211core:WithinOneYear2024-03-3110072211core:ListedExchangeTraded2024-03-3110072211core:UnlistedNon-exchangeTraded2024-03-3110072211core:ShareCapital2024-03-3110072211core:SharePremium2024-03-3110072211core:RevaluationReserve2024-03-3110072211core:OtherReservesSubtotal2024-03-3110072211core:RetainedEarningsAccumulatedLosses2024-03-3110072211core:NetGoodwill2023-03-3110072211core:IntangibleAssetsOtherThanGoodwill2023-03-3110072211core:LandBuildings2023-03-3110072211core:PlantMachinery2023-03-3110072211core:Vehicles2023-03-3110072211core:FurnitureFittings2023-03-3110072211core:OfficeEquipment2023-03-3110072211core:AfterOneYear2023-03-3110072211core:WithinOneYear2023-03-3110072211core:L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DERRICK FRANCIS MASONRY LIMITED

Registered Number
10072211
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

DERRICK FRANCIS MASONRY LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

FRANCIS, Derrick
FRANCIS, Nicky Derrick

Registered Address

Building 2a, D Site Kemble Airfield
Kemble
Cirencester
GL7 6BA

Registered Number

10072211 (England and Wales)
DERRICK FRANCIS MASONRY LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets312,00016,000
Tangible assets413,53411,422
25,53427,422
Current assets
Debtors579,70044,959
Cash at bank and on hand76,87661,931
156,576106,890
Creditors amounts falling due within one year6(67,523)(42,491)
Net current assets (liabilities)89,05364,399
Total assets less current liabilities114,58791,821
Creditors amounts falling due after one year7(12,787)(22,797)
Net assets101,80069,024
Capital and reserves
Called up share capital22
Profit and loss account101,79869,022
Shareholders' funds101,80069,024
The financial statements were approved and authorised for issue by the Board of Directors on 2 August 2024, and are signed on its behalf by:
FRANCIS, Derrick
Director
Registered Company No. 10072211
DERRICK FRANCIS MASONRY LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year89
3.Intangible assets

Total

£
Cost or valuation
At 01 April 2340,000
At 31 March 2440,000
Amortisation and impairment
At 01 April 2324,000
Charge for year4,000
At 31 March 2428,000
Net book value
At 31 March 2412,000
At 31 March 2316,000
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2343,090
Additions9,000
Disposals(10,017)
At 31 March 2442,073
Depreciation and impairment
At 01 April 2331,668
Charge for year5,105
On disposals(8,234)
At 31 March 2428,539
Net book value
At 31 March 2413,534
At 31 March 2311,422
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables41,15821,034
Other debtors38,54223,925
Total79,70044,959
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables6,0842,006
Bank borrowings and overdrafts10,28010,259
Taxation and social security36,97629,579
Other creditors14,183647
Total67,52342,491
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts12,78722,797
Total12,78722,797