REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
Davis & Barrett Scaffolding Contractors |
Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
Davis & Barrett Scaffolding Contractors |
Limited |
Davis & Barrett Scaffolding Contractors |
Limited (Registered number: 12264287) |
Contents of the Financial Statements |
for the Year Ended 31 January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Davis & Barrett Scaffolding Contractors |
Limited |
Company Information |
for the Year Ended 31 January 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Stafford House |
Blackbrook Park Avenue |
Taunton |
Somerset |
TA1 2PX |
Davis & Barrett Scaffolding Contractors |
Limited (Registered number: 12264287) |
Balance Sheet |
31 January 2024 |
2024 | 2023 |
as restated |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 816,157 |
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. |
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 |
Davis & Barrett Scaffolding Contractors |
Limited (Registered number: 12264287) |
Notes to the Financial Statements |
for the Year Ended 31 January 2024 |
1. | STATUTORY INFORMATION |
Davis & Barrett Scaffolding Contractors Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
Scaffolding equipment is stated at cost and is not depreciated. Previously depreciation was charged at 20% reducing balance but on the basis that the equipment is counted on a regular basis and continues to be fully utilised within the business, the policy has been revisited and depreciation is no longer considered to be appropriate. This is a change in accounting policy and as a result a prior year adjustment has arisen, see note 5 . Scaffolding equipment is reviewed regularly for any impairment and any impairment is recognised accordingly. |
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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 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. |
Operating lease 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. |
Davis & Barrett Scaffolding Contractors |
Limited (Registered number: 12264287) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Office | Motor | Scaffolding |
equipment | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 February 2023 |
Additions |
At 31 January 2024 |
DEPRECIATION |
At 1 February 2023 |
Charge for year |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 January 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Trade debtors |
Amounts owed by participating interests | 31,011 | 3,082 |
Other debtors |
Other debtors above include an amount of £4,181 due from both Mr Barrett and Mr Davis, directors of the company. |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
as restated |
£ | £ |
Trade creditors |
Amounts owed to participating interests | 94,229 | 67,450 |
Taxation and social security |
Other creditors |
Davis & Barrett Scaffolding Contractors |
Limited (Registered number: 12264287) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2024 |
7. | RELATED PARTY DISCLOSURES |
Mr W Barrett and Mr L Davis own 25% of the issued ordinary share capital of C&M Holdings Limited which, in turn, holds 100% of the issued ordinary share capital of Davis & Barrett Brickwork Contractors Limited, a company registered in England. |
During the year, the company provided services totalling £1,050,097 (2023: £1,669,368) to Davis & Barrett Brickwork Contractors Limited, which were at arms length and under normal trade terms. As at 31 January 2024 trade debtors include an amount of £136,278 (2023: £328,062) and debtors also include an amount of £4,232 (2023: £3,082) due from Davis & Barrett Brickwork Contractors Limited. |
The company also incurred recharged costs totalling £93,247 (2023: £664,781) from Davis & Barrett Brickwork Contractors Limited which were at arms length and under normal trading terms. At the year end, trade creditors include an amount of £8,473 (2023: £11,108) due to Davis & Barrett Brickwork Contractors Limited.. |
As at the year end, the company owed Davis and Barrett Business Management Ltd, another company 100% owned by C&M Holdings Group Limited £94,229 (2023: £67,450). |
Except for the above, there were no other related party transactions which require disclosing under FRS 102 Schedule 1A. |