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REGISTERED NUMBER: 07465021 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BARKER & GRANTHAM (CONTRACTS) LIMITED

BARKER & GRANTHAM (CONTRACTS) LIMITED (REGISTERED NUMBER: 07465021)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARKER & GRANTHAM (CONTRACTS) LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: A D Barker
J W Barker
R J Barker





REGISTERED OFFICE: Industrial Estate
Brandesburton
Driffield
East Yorkshire
YO25 8RY





REGISTERED NUMBER: 07465021 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

BARKER & GRANTHAM (CONTRACTS) LIMITED (REGISTERED NUMBER: 07465021)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 170,359 178,300

CURRENT ASSETS
Stocks 54,971 51,231
Debtors 5 59,695 78,571
Cash at bank 177,625 122,580
292,291 252,382
CREDITORS
Amounts falling due within one year 6 151,343 172,478
NET CURRENT ASSETS 140,948 79,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

311,307

258,204

CREDITORS
Amounts falling due after more than one year 7 (48,448 ) (68,174 )

PROVISIONS FOR LIABILITIES (80,745 ) (19,947 )
NET ASSETS 182,114 170,083

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 182,014 169,983
SHAREHOLDERS' FUNDS 182,114 170,083

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.

BARKER & GRANTHAM (CONTRACTS) LIMITED (REGISTERED NUMBER: 07465021)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:




A D Barker - Director



J W Barker - Director


BARKER & GRANTHAM (CONTRACTS) LIMITED (REGISTERED NUMBER: 07465021)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Barker & Grantham (Contracts) Limited is a company incorporated and domiciled in England and has its registered office and principle place of business at 9 Elmfield Drive, Brandesburton, Driffield, East Yorkshire, YO25 8RY.

The principal activity of the Company is that of building contractors.

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

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Plant and machinery etc - 15% on cost and 25% on reducing balance basis.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


BARKER & GRANTHAM (CONTRACTS) LIMITED (REGISTERED NUMBER: 07465021)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued
Taxation
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 196,879 1,077 37,945 6,780 242,681
Additions 498 - 15,250 - 15,748
Disposals - - (6,975 ) - (6,975 )
At 31 December 2023 197,377 1,077 46,220 6,780 251,454
DEPRECIATION
At 1 January 2023 31,515 1,077 25,292 6,497 64,381
Charge for year 18,726 - 2,657 283 21,666
Eliminated on disposal - - (4,952 ) - (4,952 )
At 31 December 2023 50,241 1,077 22,997 6,780 81,095
NET BOOK VALUE
At 31 December 2023 147,136 - 23,223 - 170,359
At 31 December 2022 165,364 - 12,653 283 178,300

BARKER & GRANTHAM (CONTRACTS) LIMITED (REGISTERED NUMBER: 07465021)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 150,000
DEPRECIATION
At 1 January 2023 15,000
Charge for year 15,000
At 31 December 2023 30,000
NET BOOK VALUE
At 31 December 2023 120,000
At 31 December 2022 135,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 52,108 57,441
Directors' current accounts - 5,122
Tax - 9,752
Prepayments 7,587 6,256
59,695 78,571

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 19,726 62,631
Trade creditors 19,549 22,249
Amounts owed to group undertakings 39,718 39,718
Tax 2,120 -
Social security and other taxes 5,761 4,882
VAT 34,822 23,459
Directors' current accounts 23,287 13,409
Accrued expenses 6,360 6,130
151,343 172,478

BARKER & GRANTHAM (CONTRACTS) LIMITED (REGISTERED NUMBER: 07465021)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 48,448 68,174

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 19,726 62,631
Between one and five years 48,448 68,174
68,174 130,805

Hire purchase contracts are secured on the assets to which they relate.

9. CONTINGENT LIABILITIES

The company has a guarantee and debenture between itself, Barclays Bank plc, Barker & Grantham Limited and Barker & Grantham (Brandesburton) Limited regarding all indebtedness now or in the future of these companies. There is a fixed charge and a floating charge on all of the assets of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is a loan to the company from director AB.The balance outstanding at 31 December 2023 was £9,878 (2023 - £5,122 owed by the director).

Included in other creditors is a loan to the company from director JB.The balance outstanding at 31 December 2023 was £13,409 (2023 - £13,409).

The loan was made on a interest free basis and is repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors, A D Barker and J W Barker, by virtue that they control this company's parent company.

The parent company is Barker & Grantham (Brandesburton) Limited with registration number 06891143 and has its registered office at Industrial Estate, Brandesburton, Driffield, East Yorkshire, YO25 8RY.

There are related party transaction outstanding at year end of £39,718 (2022 - £39,718).