Registered number
03627057
Denton Brickwork Contractors Limited
Unaudited Filleted Accounts
31 March 2024
Denton Brickwork Contractors Limited
Registered number: 03627057
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 15,193 15,355
Investment property 4 1,054,702 1,005,702
1,069,895 1,021,057
Current assets
Debtors 5 171,089 148,775
Cash at bank and in hand 360,647 374,423
531,736 523,198
Creditors: amounts falling due within one year 6 (71,100) (68,136)
Net current assets 460,636 455,062
Total assets less current liabilities 1,530,531 1,476,119
Provisions for liabilities (15,609) (23,742)
Net assets 1,514,922 1,452,377
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,514,822 1,452,277
Shareholders' funds 1,514,922 1,452,377
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Denton
Director
Approved by the board on 21 October 2024
Denton Brickwork Contractors Limited
Notes to the Accounts
for the period from 1 October 2023 to 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Accounting period
The accounting period has been changed from 30 September to 31 March. The current accounting period is less than 12 months in order to align the period end with the 31 March.
Going concern
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery reducing balance 25%
Motor vehicles reducing balance 25%
Investment property
Investment properties are initially recognised at cost, including transaction costs. Subsequently, investment properties are measured at fair value, with any changes in fair value recognised in profit or loss. Fair value is determined based on market value or other appropriate valuation techniques. Any increase or decrease in the fair value of investment properties is recognised in profit or loss in the period in which they arise. Investment properties are revalued periodically to ensure that their carrying amounts reflect their fair values at the reporting date. The frequency of revaluation depends on the nature of the properties and market conditions. Generally, properties are revalued annually, but more frequent revaluations may be performed if there are significant fluctuations in market values.
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 October 2023 37,383 94,605 131,988
Additions 1,917 - 1,917
At 31 March 2024 39,300 94,605 133,905
Depreciation
At 1 October 2023 32,228 84,405 116,633
Charge for the period 804 1,275 2,079
At 31 March 2024 33,032 85,680 118,712
Net book value
At 31 March 2024 6,268 8,925 15,193
At 30 September 2023 5,155 10,200 15,355
4 Investment property 2024
£
Fair value
At 1 October 2023 1,005,702
Additions -
Gain on revaluation to fair value 49,000
Transfer from revaluation reserve -
Disposals -
At 31 March 2024 1,054,702
The fair value of investment properties has been arrived at on the basis of a valuation carried out at the period end by the directors. The valuation was made on an open market basis by reference to market evidence of transaction prices for similar properties. The gain on revaluation of £49,000 (2023: £79,611) which arises in the year is recognised in other operating income. A deferred tax liability has been recognised on the revaluation amount to fair value and is included in the provision for deferred taxation.
5 Debtors 2024 2023
£ £
Trade debtors 153,957 127,392
Other debtors 17,132 21,383
171,089 148,775
Amounts due after more than one year included above 15,866 9,331
Included in other debtors above are prepayments of £1,911 (2023: £3,878).
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 198
Taxation and social security costs 31,303 23,657
Other creditors 39,797 44,281
71,100 68,136
Included in other creditors above are accruals of £38,827 (2023: £3,363).
7 Share capital 2024 2023
£ £
Allotted, called up share capital which has been paid up
51 ordinary 'A' class shares of £1 each 51 51
19 ordinary 'B' class shares of £1 each 19 19
5 ordinary 'C' class shares of £1 each 5 5
25 ordinary 'D' class shares of £1 each 25 25
100 100
8 Revaluation reserve 2024 2023
£ £
At 1 October 2023 - 5,000
Transfer from revaluation reserve - (5,000)
At 31 March 2024 - -
9 Other information
Denton Brickwork Contractors Limited is a private company limited by shares and incorporated in England. Its registered office is:
30 Appleford Road
Sutton Courtenay
Abingdon
Oxfordshire
OX14 4NQ
Denton Brickwork Contractors Limited 03627057 false 2023-10-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 S Denton No description of principal activity 03627057 2022-10-01 2023-09-30 03627057 core:RevaluationReserve core:LandBuildings 2022-10-01 2023-09-30 03627057 core:WithinOneYear 2023-09-30 03627057 core:ShareCapital 2023-09-30 03627057 core:RetainedEarningsAccumulatedLosses 2023-09-30 03627057 core:AfterOneYear 2023-09-30 03627057 core:RevaluationReserve 2022-09-30 03627057 2023-10-01 2024-03-31 03627057 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-03-31 03627057 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-03-31 03627057 bus:Director40 2023-10-01 2024-03-31 03627057 1 2023-10-01 2024-03-31 03627057 2 2023-10-01 2024-03-31 03627057 core:PlantMachinery 2023-10-01 2024-03-31 03627057 core:Vehicles 2023-10-01 2024-03-31 03627057 core:RevaluationReserve core:LandBuildings 2023-10-01 2024-03-31 03627057 countries:England 2023-10-01 2024-03-31 03627057 bus:FRS102 2023-10-01 2024-03-31 03627057 bus:FilletedAccounts 2023-10-01 2024-03-31 03627057 2024-03-31 03627057 core:WithinOneYear 2024-03-31 03627057 core:ShareCapital 2024-03-31 03627057 core:RetainedEarningsAccumulatedLosses 2024-03-31 03627057 core:PlantMachinery 2024-03-31 03627057 core:Vehicles 2024-03-31 03627057 core:AfterOneYear 2024-03-31 03627057 core:RevaluationReserve 2024-03-31 03627057 2023-09-30 03627057 core:PlantMachinery 2023-09-30 03627057 core:Vehicles 2023-09-30 03627057 core:RevaluationReserve 2023-09-30 iso4217:GBP xbrli:pure