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REGISTERED NUMBER: 06075013 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Davis & Barrett Brickwork Contractors
Limited

Davis & Barrett Brickwork Contractors
Limited (Registered number: 06075013)






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 Brickwork Contractors
Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: W Barrett
L Davis
T A Cutler





REGISTERED OFFICE: Unit 14 Creech Mills
Creech St Michael
TAUNTON
Somerset
TA3 5PX





REGISTERED NUMBER: 06075013 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Davis & Barrett Brickwork Contractors
Limited (Registered number: 06075013)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 537,180 691,608

CURRENT ASSETS
Stocks 43,796 40,740
Debtors 5 2,655,180 2,942,010
Cash at bank 15,052 127,445
2,714,028 3,110,195
CREDITORS
Amounts falling due within one year 6 1,260,111 1,394,611
NET CURRENT ASSETS 1,453,917 1,715,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,991,097

2,407,192

CREDITORS
Amounts falling due after more than one
year

7

(181,505

)

(142,915

)

PROVISIONS FOR LIABILITIES (85,891 ) (121,479 )
NET ASSETS 1,723,701 2,142,798

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,723,601 2,142,698
SHAREHOLDERS' FUNDS 1,723,701 2,142,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

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

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 22 October 2024 and were signed on its behalf by:





W Barrett - Director


Davis & Barrett Brickwork Contractors
Limited (Registered number: 06075013)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Davis & Barrett Brickwork Contractors 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 4% on cost
Plant and machinery etc - 33% on reducing balance, 20% on reducing balance and 20% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 Brickwork Contractors
Limited (Registered number: 06075013)

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 7 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 247,849 1,216,372 1,464,221
Additions - 156,934 156,934
Disposals - (121,950 ) (121,950 )
At 31 January 2024 247,849 1,251,356 1,499,205
DEPRECIATION
At 1 February 2023 42,160 730,453 772,613
Charge for year 12,074 222,541 234,615
Eliminated on disposal - (45,203 ) (45,203 )
At 31 January 2024 54,234 907,791 962,025
NET BOOK VALUE
At 31 January 2024 193,615 343,565 537,180
At 31 January 2023 205,689 485,919 691,608

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 612,958
Additions 140,834
Disposals (121,950 )
At 31 January 2024 631,842
DEPRECIATION
At 1 February 2023 319,007
Charge for year 71,608
Eliminated on disposal (45,203 )
At 31 January 2024 345,412
NET BOOK VALUE
At 31 January 2024 286,430
At 31 January 2023 293,951

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 458,101 527,903
Amounts owed by group undertakings 1,463,906 1,757,660
Amounts owed by participating interests 5,502 4,840
Other debtors 694,519 635,269
2,622,028 2,925,672

Davis & Barrett Brickwork Contractors
Limited (Registered number: 06075013)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 33,152 16,338

Aggregate amounts 2,655,180 2,942,010

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 93,792 92,565
Trade creditors 355,586 538,104
Amounts owed to participating interests 31,011 3,082
Taxation and social security 208,214 210,792
Other creditors 571,508 550,068
1,260,111 1,394,611

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 181,505 142,915

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mrs K Barrett
Balance outstanding at start of year 28,156 31,000
Amounts advanced 1,637 10,000
Amounts repaid (8,500 ) (12,844 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,293 28,156

T A Cutler
Balance outstanding at start of year 29,488 37,260
Amounts advanced 1,810 -
Amounts repaid (6,750 ) (7,772 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,548 29,488

L Davis
Balance outstanding at start of year 51,195 -
Amounts advanced 24,539 57,761
Amounts repaid (10,000 ) (6,566 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 65,734 51,195

Davis & Barrett Brickwork Contractors
Limited (Registered number: 06075013)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

W Barrett
Balance outstanding at start of year 3,761 -
Amounts advanced 21,595 3,761
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,356 3,761

In October 2021, Mr T A Cutler was granted a loan through the company. The loan is repayable over four and a half years with the last repayment due in May 2026. Interest, at the rate of 1.9% per annum over base rate, is payable throughout the term of the loan.

In January 2022, Mrs K Barrett, the wife of Mr W Barrett, was granted a loan through the company. The loan is repayable over 21 months with the last repayment due in August 2024. Interest, at the rate of 1.9% per annum over base rate, is payable throughout the term of the loan.

In May 2022, Mr L Davis was granted a loan through the company. The loan was is repayable over 5 years with the last repayment in August 2026. Interest at the rate of 1.9% over base rate per annum, is payable throughout the term of the loan.

In February 2023, Mr W Barrett was granted a loan through the company. The loan was is repayable over 5 years with the last repayment in January 2028. Interest at the rate of 1.9% over base rate per annum, is payable throughout the term of the loan.

9. RELATED PARTY DISCLOSURES

Mr T Cutler and Ms TM Moore (until her resignation on 5 September 2024) own 75% of the issued share capital of C&M Holdings Group Limited, a company registered in England, which is the ultimate holding company of the group. As at 31 January 2024, £800,690 was due from C&M Holdings Group Limited.

The company also recharged services totalling £93,247 (2023: £837,688) to Davis & Barrett Scaffolding Contractors Limited which were at arms length and under normal trade terms. As at 31 January 2024 trade debtors include an amount of £8,474 (2023: £11,108) due from Davis & Barrett Scaffolding. This company is wholly owned by Mr W Barrett and Mr L Davis, along with their wives.

During the year, the company incurred costs totalling £918,469 (2023: £1,669,368) from Davis & Barrett Scaffolding Contractors Limited which were at arms length and under normal trading terms. At the year end, trade creditors include an amount of £163,939 (2023: £321,891). Other creditors also include an amount of £31,010 (2023: £3,082) due to Davis & Barrett Scaffolding Contractors Limited.

Davis and Barrett Business Management Limited, a company registered in England, directly owns 100% of the issued share capital in this company. As at 31 January 2024, £6363,216 (2023:£1,757,660) was due from Davis and Barrett Business Management Limited.

The company is also owed £5,502 (2023: £4,840) from Davis & Barrett Property Investment Ltd, which Mr W Barrett and Mr L Davis own 100% of the issued ordinary share capital.

Except for the above, and the amounts owed by the directors disclosed elsewhere, there were no other related party transactions which require disclosing under FRS 102 Schedule 1A.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Davis & Barrett Business Management Limited.

The ultimate holding company is C&M Holdings Group Limited, a company ultimately controlled by Mr T Cutler and Ms T M Moore (until her resignation on 5 September 2024).