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COMPANY REGISTRATION NUMBER: 12964720
BERRY CONSTRUCTION (MIDLANDS) LIMITED
Filleted Unaudited Financial Statements
For the period ended
31 March 2024
BERRY CONSTRUCTION (MIDLANDS) LIMITED
Financial Statements
Period from 1 November 2023 to 31 March 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
BERRY CONSTRUCTION (MIDLANDS) LIMITED
Officers and Professional Advisers
THE BOARD OF DIRECTORS
Mr S D Berry
Ms S E Clowes
REGISTERED OFFICE
22 Green Lane
Derby
England
DE1 1RP
ACCOUNTANTS
Streets Audit LLP
Chartered accountants
Ecen Suite 43
Enterprise Centre
Warth Park
Michael Way
Raunds
Northants
NN9 6GR
BERRY CONSTRUCTION (MIDLANDS) LIMITED
Statement of Financial Position
31 March 2024
31 Mar 24
31 Oct 23
Note
£
£
Fixed assets
Tangible assets
6
64,812
67,233
Current assets
Debtors
7
242,089
315,578
Cash at bank and in hand
108,191
79,200
---------
---------
350,280
394,778
Creditors: amounts falling due within one year
8
294,842
348,576
---------
---------
Net current assets
55,438
46,202
---------
---------
Total assets less current liabilities
120,250
113,435
Creditors: amounts falling due after more than one year
9
35,714
41,548
---------
---------
Net assets
84,536
71,887
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
84,436
71,787
--------
--------
Shareholders funds
84,536
71,887
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BERRY CONSTRUCTION (MIDLANDS) LIMITED
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 3 April 2025 , and are signed on behalf of the board by:
Mr S D Berry
Director
Company registration number: 12964720
BERRY CONSTRUCTION (MIDLANDS) LIMITED
Notes to the Financial Statements
Period from 1 November 2023 to 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Green Lane, Derby, DE1 1RP, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% straight line
Equipment
-
33% straight line
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
4. Employee numbers
The average number of persons employed by the company during the period amounted to Nil (2023: 2 ).
5. Tax on profit
Major components of tax expense
Period from
1 Nov 23 to
Year to
31 Mar 24
31 Oct 23
£
£
Current tax:
UK current tax expense
6,150
4,263
-------
-------
Tax on profit
6,150
4,263
-------
-------
6. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 November 2023
78,126
12,977
91,103
Additions
7,600
7,600
--------
--------
--------
At 31 March 2024
85,726
12,977
98,703
--------
--------
--------
Depreciation
At 1 November 2023
18,551
5,319
23,870
Charge for the period
8,218
1,803
10,021
--------
--------
--------
At 31 March 2024
26,769
7,122
33,891
--------
--------
--------
Carrying amount
At 31 March 2024
58,957
5,855
64,812
--------
--------
--------
At 31 October 2023
59,575
7,658
67,233
--------
--------
--------
7. Debtors
31 Mar 24
31 Oct 23
£
£
Trade debtors
151,849
122,300
Other debtors
90,240
193,278
---------
---------
242,089
315,578
---------
---------
8. Creditors: amounts falling due within one year
31 Mar 24
31 Oct 23
£
£
Trade creditors
199,523
252,823
Corporation tax
10,413
4,263
Social security and other taxes
13,701
5,192
Other creditors
71,205
86,298
---------
---------
294,842
348,576
---------
---------
9. Creditors: amounts falling due after more than one year
31 Mar 24
31 Oct 23
£
£
Other creditors
35,714
41,548
--------
--------