REGISTERED NUMBER: 05296462 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

BARLOW & DAVIS CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Davis

A Barlow

SECRETARY:

A Barlow

REGISTERED OFFICE:

Suite 1, 1st Floor

42 Alexandra Road

Farnborough

Hampshire

GU14 6DA

REGISTERED NUMBER:

05296462 (England and Wales)

ACCOUNTANTS:

Barry D P Flodman

c/o Barry Flodman Limited

Suite 1, 1st Floor

42 Alexandra Road

FARNBOROUGH

Hampshire

GU14 6DA

BANKERS:

Lloyds TSB

147, High Street

GUILDFORD

Surrey

GU1 3AG

SOLICITORS:

*

*

*

*

*

*

*

FIXED ASSETS

Tangible assets

4

8,907

10,363

CURRENT ASSETS

Stocks

5

28,177

12,295

Debtors

6

-

19,000

Cash at bank and in hand

39,146

903

67,323

32,198

CREDITORS

Amounts falling due within one year

7

67,018

47,224

NET CURRENT ASSETS/(LIABILITIES)

305

(15,026

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,212

(4,663

)

CREDITORS

Amounts falling due after more than one year

8

31,298

37,112

NET LIABILITIES

(22,086

)

(41,775

)

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

(22,106

)

(41,795

)

SHAREHOLDERS' FUNDS

(22,086

)

(41,775

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 January 2025 and were signed on its behalf by:

A Barlow - Director

A M Davis - Director

1.	STATUTORY INFORMATION

Barlow & Davis Construction 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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 year 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2023

8,842

61,162

2,003

72,007

Additions

932

-

-

932

At 30 November 2024

9,774

61,162

2,003

72,939

DEPRECIATION

At 1 December 2023

6,697

52,962

1,985

61,644

Charge for year

439

1,947

2

2,388

At 30 November 2024

7,136

54,909

1,987

64,032

NET BOOK VALUE

At 30 November 2024

2,638

6,253

16

8,907

At 30 November 2023

2,145

8,200

18

10,363

5.

STOCKS

30.11.24

30.11.23

£

£

Work-in-progress

28,177

12,295

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade debtors

-

19,000

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans and overdrafts (see note 9)

-

6,609

Trade creditors

8,427

8,236

Company taxation

33,172

23,820

CIS deductions

7,069

1,522

VAT

13,635

1,390

Other creditors

34

13

Directors' current accounts

1,181

1,134

Accrued expenses

3,500

4,500

67,018

47,224

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Bank loans (see note 9)

31,298

37,112

9.

LOANS

An analysis of the maturity of loans is given below:

30.11.24

30.11.23

£

£

Amounts falling due within one year or on demand:

Bank overdrafts

-

6,609

Amounts falling due between one and two years:

Bank loans - 1-2 years

31,298

37,112

Business Bounce Back Loan £50,000 through Lloyds Bank plc.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

30.11.24

30.11.23

£

£

A M Davis

Balance outstanding at start of year

(469

)

(80

)

Amounts advanced

64,883

56,022

Amounts repaid

(64,556

)

(56,411

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(142

)

(469

)

A Barlow

Balance outstanding at start of year

(663

)

(274

)

Amounts advanced

64,181

54,600

Amounts repaid

(64,556

)

(55,889

)

Amounts written off

-

900

Amounts waived

-

-

Balance outstanding at end of year

(1,038

)

(663

)