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REGISTERED NUMBER: 05282906 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BARGUSS CONSTRUCTION LIMITED

BARGUSS CONSTRUCTION LIMITED (REGISTERED NUMBER: 05282906)






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


BARGUSS CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr A H Barguss
Mrs S M Barguss
Mr A C Barguss
Mr S P Barguss





SECRETARY: Mrs S M Barguss





REGISTERED OFFICE: The Old Bell Foundry
45 Witney Street
BURFORD
Oxfordshire
OX18 4RX





REGISTERED NUMBER: 05282906 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

BARGUSS CONSTRUCTION LIMITED (REGISTERED NUMBER: 05282906)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,500 10,500
Tangible assets 5 15,515 19,223
20,015 29,723

CURRENT ASSETS
Stocks 10,767 225
Debtors 6 345,680 403,151
Cash at bank and in hand 1,096,749 769,802
1,453,196 1,173,178
CREDITORS
Amounts falling due within one year 7 410,799 320,547
NET CURRENT ASSETS 1,042,397 852,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,062,412

882,354

PROVISIONS FOR LIABILITIES 8 3,879 4,049
NET ASSETS 1,058,533 878,305

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,058,333 878,105
SHAREHOLDERS' FUNDS 1,058,533 878,305

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 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.

BARGUSS CONSTRUCTION LIMITED (REGISTERED NUMBER: 05282906)

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 Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:




Mr S P Barguss - Director



Mr A C Barguss - Director


BARGUSS CONSTRUCTION LIMITED (REGISTERED NUMBER: 05282906)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Barguss Construction Limited 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.

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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Vans - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.


BARGUSS CONSTRUCTION LIMITED (REGISTERED NUMBER: 05282906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 120,000
AMORTISATION
At 1 April 2023 109,500
Charge for year 6,000
At 31 March 2024 115,500
NET BOOK VALUE
At 31 March 2024 4,500
At 31 March 2023 10,500

BARGUSS CONSTRUCTION LIMITED (REGISTERED NUMBER: 05282906)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery Vans equipment Totals
£    £    £    £   
COST
At 1 April 2023 534 72,688 3,961 77,183
Additions - - 1,325 1,325
At 31 March 2024 534 72,688 5,286 78,508
DEPRECIATION
At 1 April 2023 522 54,198 3,240 57,960
Charge for year 2 4,622 409 5,033
At 31 March 2024 524 58,820 3,649 62,993
NET BOOK VALUE
At 31 March 2024 10 13,868 1,637 15,515
At 31 March 2023 12 18,490 721 19,223

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 327,432 389,878
Prepayments 18,248 13,273
345,680 403,151

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 97,771 70,076
Tax 134,505 87,230
Social security and other taxes 14,503 13,924
VAT 110,545 83,837
Directors' current accounts 48,734 58,713
Accrued expenses 4,741 6,767
410,799 320,547

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 3,879 4,049

Deferred
tax
£   
Balance at 1 April 2023 4,049
Provided during year (170 )
Movement
Balance at 31 March 2024 3,879