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REGISTERED NUMBER: 09792686 (England and Wales)












Financial Statements

for the Year Ended 31 March 2024

for

Ideal Brickwork Contractors Ltd

Ideal Brickwork Contractors Ltd (Registered number: 09792686)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ideal Brickwork Contractors Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: K Jordan





REGISTERED OFFICE: Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ





REGISTERED NUMBER: 09792686 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Ideal Brickwork Contractors Ltd (Registered number: 09792686)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,333 24,125

CURRENT ASSETS
Debtors 5 309,247 106,369
Cash at bank 39,992 149,890
349,239 256,259
CREDITORS
Amounts falling due within one year 6 105,382 60,823
NET CURRENT ASSETS 243,857 195,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

262,190

219,561

CREDITORS
Amounts falling due after more than one
year

7

(31,786

)

(43,589

)

PROVISIONS FOR LIABILITIES (4,583 ) (6,031 )
NET ASSETS 225,821 169,941

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 225,721 169,841
SHAREHOLDERS' FUNDS 225,821 169,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Ideal Brickwork Contractors Ltd (Registered number: 09792686)

Balance Sheet - continued
31 March 2024


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 18 September 2024 and were signed by:





K Jordan - Director


Ideal Brickwork Contractors Ltd (Registered number: 09792686)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ideal Brickwork Contractors Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

Ideal Brickwork Contractors Ltd (Registered number: 09792686)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 51,877 - 51,877
Additions - 358 358
At 31 March 2024 51,877 358 52,235
DEPRECIATION
At 1 April 2023 27,752 - 27,752
Charge for year 6,032 118 6,150
At 31 March 2024 33,784 118 33,902
NET BOOK VALUE
At 31 March 2024 18,093 240 18,333
At 31 March 2023 24,125 - 24,125

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 27,580
DEPRECIATION
At 1 April 2023 12,066
Charge for year 3,879
At 31 March 2024 15,945
NET BOOK VALUE
At 31 March 2024 11,635
At 31 March 2023 15,514

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 33,023 6,766
Other debtors 276,224 54,853
Directors' current accounts - 44,750
309,247 106,369

Ideal Brickwork Contractors Ltd (Registered number: 09792686)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 14,771 12,123
Hire purchase contracts 3,206 3,206
Trade creditors 802 876
Tax 69,122 42,233
Directors' current accounts 141 -
Accrued expenses 17,340 2,385
105,382 60,823

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 15,145 12,430
Bank loans - 2-5 years 6,748 18,060
Hire purchase contracts 9,893 13,099
31,786 43,589

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Hire purchase contracts 13,099 16,305

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
K Jordan
Balance outstanding at start of year 44,750 -
Amounts advanced - 44,750
Amounts repaid (44,750 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 44,750

10. RELATED PARTY DISCLOSURES

During the year the company made loans to Ideal Homes (NW) Ltd, a company owned and controlled by the director, Mr K Jordan. At 31 March 2024, Ideal Homes (NW) Ltd owed the company the sum of £225,448 (2023: £Nil). The loan is unsecured, interest free and repayable on demand.