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REGISTERED NUMBER: 02323187 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TOWN AND CITY BUILDERS LTD

TOWN AND CITY BUILDERS LTD (REGISTERED NUMBER: 02323187)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


TOWN AND CITY BUILDERS LTD (REGISTERED NUMBER: 02323187)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 131,574 118,117

CURRENT ASSETS
Debtors 5 153,650 326,126
Cash at bank 527,280 449,509
680,930 775,635
CREDITORS
Amounts falling due within one year 6 289,744 391,198
NET CURRENT ASSETS 391,186 384,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

522,760

502,554

PROVISIONS FOR LIABILITIES 13,446 9,733
NET ASSETS 509,314 492,821

CAPITAL AND RESERVES
Called up share capital 22,885 22,885
Capital redemption reserve 4,115 4,115
Retained earnings 482,314 465,821
SHAREHOLDERS' FUNDS 509,314 492,821

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

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

TOWN AND CITY BUILDERS LTD (REGISTERED NUMBER: 02323187)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:




M D Donaldson - Director



M J Donaldson - Director


TOWN AND CITY BUILDERS LTD (REGISTERED NUMBER: 02323187)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Town and City Builders Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02323187

Registered office: 7 Bamel Way
Gloucester Business Park
Brockworth
Gloucester
Gloucestershire
GL3 4BH

The presentation currency of the financial statements is the Pound Sterling (£).


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 the total amount receivable by the company for services provided during the year exclusive of VAT and in the case of contract work the value of work done during the period, including a proportion of foreseeable profit where this can be assessed with reasonable certainty.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on reducing balance

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


TOWN AND CITY BUILDERS LTD (REGISTERED NUMBER: 02323187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

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

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.

Going concern
The directors have considered the company's current state of affairs and its cash flows and consider that the company should have access to adequate working capital and funding to enable it to continue to trade for a period of at least twelve months. The accounts have therefore been prepared on the going concern basis.

Amounts recoverable under contracts
The company recognises revenue and expenses under contracts based on the directors' judgement of value of work done by reference to the extent of recoverable contract costs incurred by the year end including all direct expenditure and a proportion of overheads. Where the outcome of the contract can be estimated with reasonable certainty revenue includes a proportion of anticipated profits by reference to the stage of completion and valuation of work done.

Amounts recoverable under contracts are included in debtors and are the amounts of work done on the above basis not invoiced by the period end.

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

TOWN AND CITY BUILDERS LTD (REGISTERED NUMBER: 02323187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 51,733 32,825 43,614 110,584 238,756
Additions - - - 35,000 35,000
At 31 December 2023 51,733 32,825 43,614 145,584 273,756
DEPRECIATION
At 1 January 2023 - 17,230 36,277 67,132 120,639
Charge for year 5,173 2,977 4,119 9,274 21,543
At 31 December 2023 5,173 20,207 40,396 76,406 142,182
NET BOOK VALUE
At 31 December 2023 46,560 12,618 3,218 69,178 131,574
At 31 December 2022 51,733 15,595 7,337 43,452 118,117

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,019 96,906
Amounts recoverable on contract 59,171 157,437
Other debtors 5,000 8,307
Directors' current accounts 16,690 25,344
Tax 9,390 18,774
Prepayments 17,380 19,358
153,650 326,126

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 122,031 253,381
Amounts owed to group undertakings 58,200 58,200
Corporation Tax 2,781 -
Social security and other taxes 22,435 17,673
VAT 70,906 34,193
Other creditors 4,353 7,404
Accrued expenses 9,038 20,347
289,744 391,198

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 23,285 27,503
Between one and five years 15,154 38,437
38,439 65,940

TOWN AND CITY BUILDERS LTD (REGISTERED NUMBER: 02323187)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
M J Donaldson
Balance outstanding at start of year 5,000 8,000
Amounts advanced 7,000 1,000
Amounts repaid (12,000 ) (4,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 5,000

M D Donaldson
Balance outstanding at start of year 20,344 56,823
Amounts advanced 7,696 2,487
Amounts repaid (11,350 ) (38,966 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,690 20,344

Interest has been charged on the overdrawn directors' loan accounts at the HMRC approved rates. There are no fixed repayment terms.

9. RELATED PARTY DISCLOSURES

Town & City Holdings (Cheltenham) Ltd (incorporated in England and Wales) is the company's ultimate parent company. This company was incorporated 22 October 2010. The registered office address of Town & City Holdings (Cheltenham) Ltd is Chargrove House, Main Road,Shurdington, Cheltenham, GL51 4GA.