Registration number:
Drayton Beaumont Services Holdings Limited
for the Year Ended 30 September 2024
Drayton Beaumont Services Holdings Limited
Contents
Balance Sheet |
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Notes to the Financial Statements |
Drayton Beaumont Services Holdings Limited
(Registration number: 06696338)
Balance Sheet as at 30 September 2024
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2024 |
2023 |
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Fixed assets |
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Intangible assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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Approved and authorised by the
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Drayton Beaumont Services Holdings Limited
Notes to the Financial Statements for the Year Ended 30 September 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
UK
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared on a going concern basis under the historical cost convention.
The financial statements are presented in Sterling which is the functional currency of the company and rounded to the nearest £.
Group accounts not prepared
Drayton Beaumont Services Holdings Limited
Notes to the Financial Statements for the Year Ended 30 September 2024
Audit report
The name of the Senior Statutory Auditor who signed the audit report on
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Judgements
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the design and installation of electrical and mechanical engineering services. Turnover is shown net of sales/value added tax, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Contract revenue recognition
Where the outcome of a construction contract can be estimated reliably, revenue and costs are recognised by reference to the stage of the completion of the contract activity at the reporting end date. Variations in contract work, claims and incentive payments are included to the extent that the amount can be measured reliably and its considered probable.
When it is probable that total contract costs will exceed total contract turnover, the expected loss is recognised as an expenses immediately.
Where the outcome of a construction contract cannot be estimated reliably, contract costs are recognised as expenses in the period in which they are incurred and contract revenue is recognised to the extent of contract costs incurred where it is probable that they will be recoverable.
The "percentage of completion method" is used to determine the appropriate amount to recognise in a given period. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. Costs incurred in the year in connection with future activity on a contract are excluded from contract costs in determining the stage of completion. These costs are presented as stocks, prepayments or other assets depending on their nature, and provided it is probable they will be recovered
Drayton Beaumont Services Holdings Limited
Notes to the Financial Statements for the Year Ended 30 September 2024
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Drayton Beaumont Services Holdings Limited
Notes to the Financial Statements for the Year Ended 30 September 2024
Intangible assets |
Trademarks, patents and licenses |
Total |
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Cost or valuation |
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At 1 October 2023 |
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At 30 September 2024 |
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Amortisation |
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At 1 October 2023 |
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At 30 September 2024 |
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Carrying amount |
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At 30 September 2024 |
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Investments |
2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 October 2023 |
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Provision |
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Carrying amount |
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At 30 September 2024 |
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At 30 September 2023 |
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Drayton Beaumont Services Holdings Limited
Notes to the Financial Statements for the Year Ended 30 September 2024
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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Drayton Beaumont Building
England and Wales |
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Drayton Beaumont Building
England and Wales |
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Drayton Beaumont Building
England & Wales |
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Subsidiary undertakings |
Drayton Beaumont Services Limited The principal activity of Drayton Beaumont Services Limited is |
Drayton Beaumont Services (FM) Limited The principal activity of Drayton Beaumont Services (FM) Limited is |
Rowley Gate Limited The principal activity of Rowley Gate Limited is |
Drayton Beaumont Services Holdings Limited
Notes to the Financial Statements for the Year Ended 30 September 2024
Debtors |
Current |
Note |
2024 |
2023 |
Trade debtors |
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Amounts due from group undertakings |
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Amounts due from related parties |
628,311 |
628,311 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Trade creditors |
- |
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Amounts owed to group undertakings |
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Taxation and social security |
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- |
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Accruals and deferred income |
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Gross amount due to customers for contract work |
460,441 |
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A debenture dated 23 December 2022, in favour of Drayton Beaumont Group Limited, was granted on all present and future money obligations of the company.
Parent and ultimate parent undertaking |
The parent and ultimate parent company is Drayton Beaumont Group Limited, a company incorporated in England and Wales.
The controlling party is considered to be the shareholders of Drayton Beaumont Group Limited.
These financial statements are consolidated within the group financial statements prepared by Drayton Beaumont Group Limited and are available on request from the registered office of Drayton Beaumont Building, Merrial Street, Newcastle Under Lyme, Staffordshire, ST5 2AE.
The company has taken advantage of the exemption from disclosure of intra group transactions in accordance with FRS102 paragraph 33.1A.