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Registration number: 06696338

Drayton Beaumont Services Holdings Limited

Financial Statements

for the Year Ended 30 September 2024

 

Drayton Beaumont Services Holdings Limited

Contents

Balance Sheet

1

Notes to the Financial Statements

2 to 7

 

Drayton Beaumont Services Holdings Limited

(Registration number: 06696338)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

-

Investments

5

203

203

Current assets

 

Debtors

6

10,199,595

7,353,773

Cash at bank and in hand

 

477,887

1,626,418

 

10,677,482

8,980,191

Creditors: Amounts falling due within one year

7

(6,538,988)

(5,301,349)

Net current assets

 

4,138,494

3,678,842

Net assets

 

4,138,697

3,679,045

Capital and reserves

 

Called up share capital

1,012

1,012

Retained earnings

4,137,685

3,678,033

Shareholders' funds

 

4,138,697

3,679,045

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 April 2025 and signed on its behalf by:
 

.........................................
Mr SP Beaumont
Director

 

Drayton Beaumont Services Holdings Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Drayton Beaumont Building
Merrial Street
Newcastle-Under-Lyme
Staffordshire
ST5 2AE
UK

2

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

The company has taken advantage of the exemption in section 400 of the Companies Act 2006 from the requirement to prepare consolidated financial statements, on the grounds that the company is included within the consolidated financial statements of their parent company, Drayton Beaumont Group Limited..

 

Drayton Beaumont Services Holdings Limited

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

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 11 April 2025 was Matthew Geoffrey Price FCCA, who signed for and on behalf of Alextra Audit Limited.

.........................................

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 1).

 

Drayton Beaumont Services Holdings Limited

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

4

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 October 2023

2,501

2,501

At 30 September 2024

2,501

2,501

Amortisation

At 1 October 2023

2,501

2,501

At 30 September 2024

2,501

2,501

Carrying amount

At 30 September 2024

-

-

5

Investments

2024
£

2023
£

Investments in subsidiaries

203

203

Subsidiaries

£

Cost or valuation

At 1 October 2023

203

Provision

Carrying amount

At 30 September 2024

203

At 30 September 2023

203

 

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

2024

2023

Subsidiary undertakings

Drayton Beaumont Services Limited

Drayton Beaumont Building
Merrial Street
Newcastle-under-Lyme
Staffrdshire ST5 2AE

England and Wales

Ordinary

100%

100%

Drayton Beaumont Services (FM) Limited

Drayton Beaumont Building
Merrial Street
Newcastle-under-Lyme
Staffrdshire ST5 2AE

England and Wales

Ordinary

100%

100%

Rowley Gate Limited

Drayton Beaumont Building
Merrial Street
Newcastle-under-Lyme
Staffrdshire ST5 2AE

England & Wales

Ordinary A

100%

100%

Subsidiary undertakings

Drayton Beaumont Services Limited

The principal activity of Drayton Beaumont Services Limited is design and installation of electrical and mechanical engineering services.

Drayton Beaumont Services (FM) Limited

The principal activity of Drayton Beaumont Services (FM) Limited is design and installation of electrical and mechanical engineering services.

Rowley Gate Limited

The principal activity of Rowley Gate Limited is property developers.

 

Drayton Beaumont Services Holdings Limited

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

6

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

1,524,819

1,044,225

Amounts due from group undertakings

6,705,793

5,652,543

Amounts due from related parties

 

628,311

628,311

Other debtors

 

1,340,672

28,694

   

10,199,595

7,353,773

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

832

Amounts owed to group undertakings

5,942,109

5,292,017

Taxation and social security

 

127,938

-

Accruals and deferred income

 

8,500

8,500

Gross amount due to customers for contract work

 

460,441

-

 

6,538,988

5,301,349

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.

8

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.