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REGISTERED NUMBER: 07026986 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Brickfield Construction Limited

Brickfield Construction Limited (Registered number: 07026986)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Brickfield Construction Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: W A Southon
O B Southon
D Sershall





REGISTERED OFFICE: 1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY





REGISTERED NUMBER: 07026986 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Brickfield Construction Limited (Registered number: 07026986)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 94,049 8,928

CURRENT ASSETS
Stocks 5 218,162 66,780
Debtors 6 1,316,108 736,334
Cash at bank 635,009 293,823
2,169,279 1,096,937
CREDITORS
Amounts falling due within one year 7 (1,620,497 ) (627,184 )
NET CURRENT ASSETS 548,782 469,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

642,831

478,681

CREDITORS
Amounts falling due after more than one
year

8

(87,900

)

(114,719

)

PROVISIONS FOR LIABILITIES (23,512 ) (2,232 )
NET ASSETS 531,419 361,730

CAPITAL AND RESERVES
Called up share capital 1,200 1,000
Retained earnings 530,219 360,730
SHAREHOLDERS' FUNDS 531,419 361,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Brickfield Construction Limited (Registered number: 07026986)

Statement of Financial Position - continued
30 June 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 10 January 2025 and were signed on its behalf by:





W A Southon - Director


Brickfield Construction Limited (Registered number: 07026986)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

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

Amounts recoverable on projects in progress represents the excess of the value of work done by the statement of financial position date (which has been recorded as turnover) over cumulative payments received on account and, where the outcome of the contract can be assessed with reasonable accuracy, an element of attributable profit is recognised after due provision for any expected losses taking into account all further costs to completion.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Work in progress represents unmeasured work less costs.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Brickfield Construction Limited (Registered number: 07026986)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. ACCOUNTING POLICIES - continued

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

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

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Pension costs
The company makes contributions to directors' and staff personal pension schemes which are charged to the Income Statement when they are paid, and to a defined contribution scheme for staff which are charged to the Income Statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 6,483 - 18,169 24,652
Additions - 92,285 6,947 99,232
At 30 June 2024 6,483 92,285 25,116 123,884
DEPRECIATION
At 1 July 2023 5,427 - 10,297 15,724
Charge for year 265 11,198 2,648 14,111
At 30 June 2024 5,692 11,198 12,945 29,835
NET BOOK VALUE
At 30 June 2024 791 81,087 12,171 94,049
At 30 June 2023 1,056 - 7,872 8,928

5. STOCKS
2024 2023
£    £   
Stocks 5,000 5,000
Work in progress 213,162 61,780
218,162 66,780

Brickfield Construction Limited (Registered number: 07026986)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,286,273 702,577
Other debtors 3,150 3,150
Directors' current accounts 5,595 -
Prepayments 21,090 30,607
1,316,108 736,334

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 69,484 63,588
Other loans 26,880 34,085
Hire purchase contracts (see note 9) 11,023 -
Trade creditors 527,911 233,263
Tax 115,544 63,461
Social security and other taxes 43,582 24,048
VAT 252,961 79,492
Other creditors 9,648 9,633
Directors' current accounts 1,862 501
Accrued expenses 561,602 119,113
1,620,497 627,184

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 18,355 69,484
Bank loans - 2-5 years - 18,355
Other loans - 1-2 years - 26,880
Hire purchase contracts (see note 9) 69,545 -
87,900 114,719

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 11,023 -
Between one and five years 69,545 -
80,568 -

Brickfield Construction Limited (Registered number: 07026986)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 34,982 21,736
Between one and five years 44,763 47,442
79,745 69,178

The operating lease for the office rent has been secured with personal guarantees from the directors.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
W A Southon
Balance outstanding at start of year (100 ) (359 )
Amounts advanced 2,312 570
Amounts repaid (3,157 ) (311 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (945 ) (100 )

O B Southon
Balance outstanding at start of year (401 ) 364
Amounts advanced 736 -
Amounts repaid (1,252 ) (765 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (917 ) (401 )

D Sershall
Balance outstanding at start of year - -
Amounts advanced 5,777 -
Amounts repaid (182 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,595 -

Amounts owed by the company are unsecured, interest free and repayable on demand.