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REGISTERED NUMBER: 10028689 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

D G B MASONRY LIMITED

D G B MASONRY LIMITED (REGISTERED NUMBER: 10028689)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D G B MASONRY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: D G Bodfish
Miss K S Pace





SECRETARY:





REGISTERED OFFICE: Clearbrook Cottage
Pontshan
Narberth
Pembs
SA67 8HD





REGISTERED NUMBER: 10028689 (England and Wales)





ACCOUNTANTS: Great Nash Accountancy Services
31 Church View
Summerhill
Stepaside
Pembrokeshire
SA67 8LZ

D G B MASONRY LIMITED (REGISTERED NUMBER: 10028689)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 60,921 60,647
60,921 60,647

CURRENT ASSETS
Stocks 3,649 29,665
Debtors 6 89,762 13,781
Cash at bank 25,280 14,733
118,691 58,179
CREDITORS
Amounts falling due within one year 7 142,003 90,383
NET CURRENT LIABILITIES (23,312 ) (32,204 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,609

28,443

CREDITORS
Amounts falling due after more than one
year

8

37,476

50,669
NET ASSETS/(LIABILITIES) 133 (22,226 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 33 (22,326 )
SHAREHOLDERS' FUNDS 133 (22,226 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

D G B MASONRY LIMITED (REGISTERED NUMBER: 10028689)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





D G Bodfish - Director


D G B MASONRY LIMITED (REGISTERED NUMBER: 10028689)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

D G B Masonry 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five 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 etc - 20% on cost and 15% 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 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.


D G B MASONRY LIMITED (REGISTERED NUMBER: 10028689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


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 5 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 20,000
AMORTISATION
At 1 April 2022
and 31 March 2023 20,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

D G B MASONRY LIMITED (REGISTERED NUMBER: 10028689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 11,079 108,960 120,039
Additions - 9,700 9,700
At 31 March 2023 11,079 118,660 129,739
DEPRECIATION
At 1 April 2022 - 59,392 59,392
Charge for year - 9,426 9,426
At 31 March 2023 - 68,818 68,818
NET BOOK VALUE
At 31 March 2023 11,079 49,842 60,921
At 31 March 2022 11,079 49,568 60,647

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 60,200 13,781
Other debtors 29,562 -
89,762 13,781

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 13,467 13,467
Hire purchase contracts 7,659 -
Trade creditors 25,358 10,616
Taxation and social security 90,524 62,266
Other creditors 4,995 4,034
142,003 90,383

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 37,476 50,669

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,536

D G B MASONRY LIMITED (REGISTERED NUMBER: 10028689)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 50,943 64,136
Hire purchase contracts 7,659 -
58,602 64,136

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
D G Bodfish and Miss K S Pace
Balance outstanding at start of year 296 540
Amounts advanced 2,640 8,408
Amounts repaid (32,498 ) (8,652 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (29,562 ) 296

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D G Bodfish.