2023-01-012023-12-312023-12-31false05304941PAUL ROBERTS BUILDERS LIMITED2024-08-30iso4217:GBPxbrli:pure053049412023-01-01053049412023-12-31053049412023-01-012023-12-31053049412022-01-01053049412022-12-31053049412022-01-012022-12-3105304941bus:SmallEntities2023-01-012023-12-3105304941bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3105304941bus:FullAccounts2023-01-012023-12-3105304941bus:PrivateLimitedCompanyLtd2023-01-012023-12-3105304941core:WithinOneYear2023-12-3105304941core:AfterOneYear2023-12-3105304941core:WithinOneYear2022-12-3105304941core:AfterOneYear2022-12-3105304941core:ShareCapital2023-12-3105304941core:SharePremium2023-12-3105304941core:RevaluationReserve2023-12-3105304941core:OtherReservesSubtotal2023-12-3105304941core:RetainedEarningsAccumulatedLosses2023-12-3105304941core:ShareCapital2022-12-3105304941core:SharePremium2022-12-3105304941core:RevaluationReserve2022-12-3105304941core:OtherReservesSubtotal2022-12-3105304941core:RetainedEarningsAccumulatedLosses2022-12-3105304941core:LandBuildings2023-12-3105304941core:PlantMachinery2023-12-3105304941core:Vehicles2023-12-3105304941core:FurnitureFittings2023-12-3105304941core:OfficeEquipment2023-12-3105304941core:NetGoodwill2023-12-3105304941core:IntangibleAssetsOtherThanGoodwill2023-12-3105304941core:ListedExchangeTraded2023-12-3105304941core:UnlistedNon-exchangeTraded2023-12-3105304941core:LandBuildings2022-12-3105304941core:PlantMachinery2022-12-3105304941core:Vehicles2022-12-3105304941core:FurnitureFittings2022-12-3105304941core:OfficeEquipment2022-12-3105304941core:NetGoodwill2022-12-3105304941core:IntangibleAssetsOtherThanGoodwill2022-12-3105304941core:ListedExchangeTraded2022-12-3105304941core:UnlistedNon-exchangeTraded2022-12-3105304941core:LandBuildings2023-01-012023-12-3105304941core:PlantMachinery2023-01-012023-12-3105304941core:Vehicles2023-01-012023-12-3105304941core:FurnitureFittings2023-01-012023-12-3105304941core:OfficeEquipment2023-01-012023-12-3105304941core:NetGoodwill2023-01-012023-12-3105304941core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3105304941core:ListedExchangeTraded2023-01-012023-12-3105304941core:UnlistedNon-exchangeTraded2023-01-012023-12-3105304941core:MoreThanFiveYears2023-01-012023-12-3105304941core:Non-currentFinancialInstruments2023-12-3105304941core:Non-currentFinancialInstruments2022-12-3105304941dpl:CostSales2023-01-012023-12-3105304941dpl:DistributionCosts2023-01-012023-12-3105304941core:LandBuildings2023-01-012023-12-3105304941core:PlantMachinery2023-01-012023-12-3105304941core:Vehicles2023-01-012023-12-3105304941core:FurnitureFittings2023-01-012023-12-3105304941core:OfficeEquipment2023-01-012023-12-3105304941dpl:AdministrativeExpenses2023-01-012023-12-3105304941core:NetGoodwill2023-01-012023-12-3105304941core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3105304941dpl:GroupUndertakings2023-01-012023-12-3105304941dpl:ParticipatingInterests2023-01-012023-12-3105304941dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3105304941core:ListedExchangeTraded2023-01-012023-12-3105304941dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3105304941core:UnlistedNon-exchangeTraded2023-01-012023-12-3105304941dpl:CostSales2022-01-012022-12-3105304941dpl:DistributionCosts2022-01-012022-12-3105304941core:LandBuildings2022-01-012022-12-3105304941core:PlantMachinery2022-01-012022-12-3105304941core:Vehicles2022-01-012022-12-3105304941core:FurnitureFittings2022-01-012022-12-3105304941core:OfficeEquipment2022-01-012022-12-3105304941dpl:AdministrativeExpenses2022-01-012022-12-3105304941core:NetGoodwill2022-01-012022-12-3105304941core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3105304941dpl:GroupUndertakings2022-01-012022-12-3105304941dpl:ParticipatingInterests2022-01-012022-12-3105304941dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3105304941core:ListedExchangeTraded2022-01-012022-12-3105304941dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3105304941core:UnlistedNon-exchangeTraded2022-01-012022-12-3105304941core:NetGoodwill2023-12-3105304941core:IntangibleAssetsOtherThanGoodwill2023-12-3105304941core:LandBuildings2023-12-3105304941core:PlantMachinery2023-12-3105304941core:Vehicles2023-12-3105304941core:FurnitureFittings2023-12-3105304941core:OfficeEquipment2023-12-3105304941core:AfterOneYear2023-12-3105304941core:WithinOneYear2023-12-3105304941core:ListedExchangeTraded2023-12-3105304941core:UnlistedNon-exchangeTraded2023-12-3105304941core:ShareCapital2023-12-3105304941core:SharePremium2023-12-3105304941core:RevaluationReserve2023-12-3105304941core:OtherReservesSubtotal2023-12-3105304941core:RetainedEarningsAccumulatedLosses2023-12-3105304941core:NetGoodwill2022-12-3105304941core:IntangibleAssetsOtherThanGoodwill2022-12-3105304941core:LandBuildings2022-12-3105304941core:PlantMachinery2022-12-3105304941core:Vehicles2022-12-3105304941core:FurnitureFittings2022-12-3105304941core:OfficeEquipment2022-12-3105304941core:AfterOneYear2022-12-3105304941core:WithinOneYear2022-12-3105304941core:ListedExch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PAUL ROBERTS BUILDERS LIMITED

Registered Number
05304941
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

PAUL ROBERTS BUILDERS LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

Mrs A Roberts
Mr O Roberts
Mr P Roberts

Registered Address

Lewer House, 12 Tentercroft
Street, Lincoln
Lincolnshire
LN5 7DB

Place of Business

Goltho Hall

Goltho

Lincoln

Lincolnshire

LN8 5JD


Registered Number

05304941 (England and Wales)
PAUL ROBERTS BUILDERS LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets37,60015,400
Tangible assets4184,657250,054
192,257265,454
Current assets
Stocks5892,071497,047
Debtors6206,372191,882
Cash at bank and on hand26,996416,639
1,125,4391,105,568
Creditors amounts falling due within one year7(855,921)(724,526)
Net current assets (liabilities)269,518381,042
Total assets less current liabilities461,775646,496
Creditors amounts falling due after one year8(35,320)(56,111)
Provisions for liabilities10(35,085)(62,514)
Net assets391,370527,871
Capital and reserves
Called up share capital100100
Profit and loss account391,270527,771
Shareholders' funds391,370527,871
The financial statements were approved and authorised for issue by the Board of Directors on 30 August 2024, and are signed on its behalf by:
Mr P Roberts
Director
Registered Company No. 05304941
PAUL ROBERTS BUILDERS LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

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
These financial statements have been prepared in compliance with FRS 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Turnover policy
Turnover comprises the fair value of the consideration received or receivable for building services. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Borrowing costs
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Current taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Intangible assets
Positive goodwill is capitalised and classified as an asset on the balance sheet. Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows: Goodwill - 20 years straight line
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 twenty 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
Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets as follows: Leasehold improvements - not depreciated

Reducing balance (%)
Plant and machinery15
Fixtures and fittings15
Vehicles25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20232022
Average number of employees during the year66
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 January 23219,000219,000
At 31 December 23219,000219,000
Amortisation and impairment
At 01 January 23203,600203,600
Charge for year7,8007,800
At 31 December 23211,400211,400
Net book value
At 31 December 237,6007,600
At 31 December 2215,40015,400
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Total

£££££
Cost or valuation
At 01 January 234,403217,370147,9104,028373,711
Additions-12,049-6,99119,040
Disposals-(90,284)(32,145)(150)(122,579)
At 31 December 234,403139,135115,76510,869270,172
Depreciation and impairment
At 01 January 234,40377,00540,8931,356123,657
Charge for year-18,81124,1121,05943,982
On disposals-(64,360)(17,661)(103)(82,124)
At 31 December 234,40331,45647,3442,31285,515
Net book value
At 31 December 23-107,67968,4218,557184,657
At 31 December 22-140,365107,0172,672250,054
5.Stocks

2023

2022

££
Work in progress892,071497,047
Total892,071497,047
6.Debtors: amounts due within one year

2023

2022

££
Other debtors198,606185,974
Prepayments and accrued income7,7665,908
Total206,372191,882
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables14,43835,121
Bank borrowings and overdrafts10,6819,870
Taxation and social security2,64663,754
Finance lease and HP contracts10,10710,107
Other creditors811,824600,561
Accrued liabilities and deferred income6,2255,113
Total855,921724,526
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts15,09625,780
Other creditors20,22430,331
Total35,32056,111
Borrowings Bounce Back Loan is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 2 July 2026. The carrying amount at year end is £25,777 (2022 - £35,650).
9.Obligations under finance leases

2023

2022

££
Finance lease and HP contracts20,22430,331
The HP contract is secured against the asset to which it relates.
10.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)35,08562,514
Total35,08562,514
11.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Mr P Roberts(91,324)(28,017)(225,169)105,828
Mrs P Roberts(91,324)(28,017)(225,169)105,828
(182,648)(56,034)(450,338)211,656
Interest was charged at 2% up to 5 April 2023 and 2.25% thereafter. The loan was repaid in full by 30th September 2023.
12.Controlling party
The company's immediate parent is Roberts Roberts Holdings Limited, incorporated in England.