2023-04-012024-03-312024-03-31false11866547D. Brice 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D. Brice Ltd

Registered Number
11866547
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

D. Brice Ltd
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Brice, Dominic Michael

Registered Address

1 Park Gardens
Yeovil
BA20 1DW

Place of Business

2 Gunville

Holwell

Sherborne

DT9 5LL


Registered Number

11866547 (England and Wales)
D. Brice Ltd
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets34,3135,750
4,3135,750
Current assets
Debtors448,47944,064
Cash at bank and on hand42-
48,52144,064
Creditors amounts falling due within one year5(14,713)(11,011)
Net current assets (liabilities)33,80833,053
Total assets less current liabilities38,12138,803
Creditors amounts falling due after one year6(31,944)(37,500)
Provisions for liabilities(819)(1,093)
Net assets5,358210
Capital and reserves
Called up share capital100100
Profit and loss account5,258110
Shareholders' funds5,358210
The financial statements were approved and authorised for issue by the Director on 19 September 2024, and are signed on its behalf by:
Brice, Dominic Michael
Director
Registered Company No. 11866547
D. Brice Ltd
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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Vehicles25
2.Average number of employees
The following average number of employees includes the director.

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 238,000
At 31 March 248,000
Depreciation and impairment
At 01 April 232,250
Charge for year1,438
Other adjustments(1)
At 31 March 243,688
Net book value
At 31 March 244,313
At 31 March 235,750
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables3,834753
Amounts owed by group undertakings33,40040,600
Amounts owed by associates and joint ventures / participating interests-1,575
Other debtors11,186836
Prepayments and accrued income59300
Total48,47944,064
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.
5.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts5,5565,558
Amounts owed to related parties27-
Taxation and social security8,1994,567
Accrued liabilities and deferred income931886
Total14,71311,011
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.
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts31,94437,500
Total31,94437,500