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Company No: 06341982 (England and Wales)

NORMAN BROOKING BUILDERS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

NORMAN BROOKING BUILDERS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

NORMAN BROOKING BUILDERS LIMITED

BALANCE SHEET

As at 31 December 2024
NORMAN BROOKING BUILDERS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 132,597 115,940
132,597 115,940
Current assets
Stocks 10,000 5,000
Debtors 5 146,964 70,125
Cash at bank and in hand 165,111 162,310
322,075 237,435
Creditors: amounts falling due within one year 6 ( 193,586) ( 146,397)
Net current assets 128,489 91,038
Total assets less current liabilities 261,086 206,978
Creditors: amounts falling due after more than one year 7 ( 11,214) ( 18,330)
Provision for liabilities ( 33,148) ( 28,985)
Net assets 216,724 159,663
Capital and reserves
Called-up share capital 8 2 2
Profit and loss account 216,722 159,661
Total shareholders' funds 216,724 159,663

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Norman Brooking Builders Limited (registered number: 06341982) were approved and authorised for issue by the Board of Directors on 06 May 2025. They were signed on its behalf by:

Mrs K M Boxwell
Director
Mrs K M Boxwell
Director
NORMAN BROOKING BUILDERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
NORMAN BROOKING BUILDERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Norman Brooking Builders Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable by the provision of the services in the ordinary course of the company's activities. Turnover is shown net of value added tax.

The company recognises revenue when the value of the service provided to date can be reliably measured.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

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 stocks 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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

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.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 11

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 January 2024 50,000 50,000
At 31 December 2024 50,000 50,000
Accumulated amortisation
At 01 January 2024 50,000 50,000
At 31 December 2024 50,000 50,000
Net book value
At 31 December 2024 0 0
At 31 December 2023 0 0

4. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 January 2024 82,059 123,870 20,916 226,845
Additions 0 53,430 3,622 57,052
Disposals 0 ( 25,802) 0 ( 25,802)
At 31 December 2024 82,059 151,498 24,538 258,095
Accumulated depreciation
At 01 January 2024 29,401 69,301 12,203 110,905
Charge for the financial year 7,900 14,586 3,363 25,849
Disposals 0 ( 11,256) 0 ( 11,256)
At 31 December 2024 37,301 72,631 15,566 125,498
Net book value
At 31 December 2024 44,758 78,867 8,972 132,597
At 31 December 2023 52,658 54,569 8,713 115,940

5. Debtors

2024 2023
£ £
Trade debtors 0 4,209
Amounts owed by Group undertakings 61,335 0
Accrued income 85,629 65,916
146,964 70,125

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 67,303 14,539
Amounts owed to Group undertakings 2,000 0
Amounts owed to directors 3,078 7,109
Other loans 7,000 9,939
Accruals 4,770 1,673
Corporation tax 42,174 47,484
Other taxation and social security 60,381 63,502
Other creditors 6,880 2,151
193,586 146,397

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other loans 11,214 18,330

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2

9. Ultimate controlling party

Parent Company:

Boxwell Holdings Limited
Sigma House Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom