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REGISTERED NUMBER: 01926255 (England and Wales)








Unaudited Financial Statements

for the Period

1 May 2024 to 31 December 2024

for

B & V Masonry Limited

B & V Masonry Limited (Registered number: 01926255)

Contents of the Financial Statements
for the Period 1 May 2024 to 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & V Masonry Limited

Company Information
for the Period 1 May 2024 to 31 December 2024







DIRECTORS: J Vanhinsbergh
S J Vanhinsbergh
A Courtois
G Marcilhacy
E Mormede





SECRETARY: Canute Secretaries Limited





REGISTERED OFFICE: Shothanger Works
Kingsclere Road
Wootton St Lawrence
Basingstoke
Hampshire
RG23 8TH





REGISTERED NUMBER: 01926255 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

B & V Masonry Limited (Registered number: 01926255)

Balance Sheet
31 December 2024

31.12.24 30.4.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 384,917 389,968

CURRENT ASSETS
Stocks 5 1,448,513 739,061
Debtors 6 1,156,179 743,193
Cash in hand 731,280 215,621
3,335,972 1,697,875
CREDITORS
Amounts falling due within one year 7 1,785,208 944,981
NET CURRENT ASSETS 1,550,764 752,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,935,681

1,142,862

CREDITORS
Amounts falling due after more than one
year

8

(18,692

)

-

PROVISIONS FOR LIABILITIES 11 (88,259 ) (95,081 )
NET ASSETS 1,828,730 1,047,781

CAPITAL AND RESERVES
Called up share capital 70 70
Capital redemption reserve 30 30
Retained earnings 1,828,630 1,047,681
SHAREHOLDERS' FUNDS 1,828,730 1,047,781

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

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

B & V Masonry Limited (Registered number: 01926255)

Balance Sheet - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





S J Vanhinsbergh - Director


B & V Masonry Limited (Registered number: 01926255)

Notes to the Financial Statements
for the Period 1 May 2024 to 31 December 2024


1. STATUTORY INFORMATION

B & V 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 represents sales of goods and services net of VAT and trade discounts. Turnover is recognised when the risks and rewards of ownership of goods have been transferred to the customer or where the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. The risks and rewards of ownership of goods are deemed to have been transferred when the goods are shipped to, or are picked up by, the customer. Where a service contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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 cost and 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete or sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than the cost.

Work in progress is valued at selling price. It comprises the completed element of contracts as per surveyors valuations and recoverable retentions on jobs for the element completed to date.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.


B & V Masonry Limited (Registered number: 01926255)

Notes to the Financial Statements - continued
for the Period 1 May 2024 to 31 December 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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, adjusted for indexation where applicable.

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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 39 (2024 - 38 ) .

B & V Masonry Limited (Registered number: 01926255)

Notes to the Financial Statements - continued
for the Period 1 May 2024 to 31 December 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2024 2,227,241 157,302 120,986 2,505,529
Additions 59,764 26,900 4,810 91,474
At 31 December 2024 2,287,005 184,202 125,796 2,597,003
DEPRECIATION
At 1 May 2024 1,937,762 96,184 81,615 2,115,561
Charge for period 68,984 10,785 16,756 96,525
At 31 December 2024 2,006,746 106,969 98,371 2,212,086
NET BOOK VALUE
At 31 December 2024 280,259 77,233 27,425 384,917
At 30 April 2024 289,479 61,118 39,371 389,968

The obligations under hire purchase agreements are secured against the items of plant and machinery to which they relate that have a carrying value of £26,620 (2024: £nil).

5. STOCKS
31.12.24 30.4.24
£    £   
Stocks 921,777 496,269
Work-in-progress 526,736 242,792
1,448,513 739,061

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 30.4.24
£    £   
Trade debtors 873,278 497,813
Other debtors 282,901 245,380
1,156,179 743,193

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 30.4.24
£    £   
Hire purchase contracts (see note 9) 3,184 -
Trade creditors 609,219 440,504
Taxation and social security 430,898 168,860
Other creditors 741,907 335,617
1,785,208 944,981

B & V Masonry Limited (Registered number: 01926255)

Notes to the Financial Statements - continued
for the Period 1 May 2024 to 31 December 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 30.4.24
£    £   
Hire purchase contracts (see note 9) 18,692 -

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 30.4.24
£    £   
Net obligations repayable:
Within one year 3,184 -
Between one and five years 18,692 -
21,876 -

Non-cancellable operating leases
31.12.24 30.4.24
£    £   
Within one year 295,000 288,000
Between one and five years 1,180,000 60,000
In more than five years 2,753,333 -
4,228,333 348,000

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 30.4.24
£    £   
Hire purchase contracts 21,876 -

11. PROVISIONS FOR LIABILITIES
31.12.24 30.4.24
£    £   
Deferred tax
Accelerated capital allowances 88,259 95,081

Deferred
tax
£   
Balance at 1 May 2024 95,081
Accelerated capital allowances (6,822 )
Balance at 31 December 2024 88,259

B & V Masonry Limited (Registered number: 01926255)

Notes to the Financial Statements - continued
for the Period 1 May 2024 to 31 December 2024


12. ULTIMATE CONTROLLING PARTY

The immediate parent company was Groupe Meriguet SAS, a company incorporated in France, owning 75% of the share capital.

The ultimate parent company is Ateliers de France SAS, a company incorporated in France.

Consolidated accounts are prepared and available from Ateliers de France, SAS, 12, rue due Parc Royal, 75003, Paris.