REGISTERED NUMBER: 07465021 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BARKER & GRANTHAM (CONTRACTS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A D Barker

Mr J W Barker

Mr R J Barker

REGISTERED OFFICE:

Industrial Estate

Brandesburton

Driffield

East Yorkshire

YO25 8RY

REGISTERED NUMBER:

07465021 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

267,198

170,359

CURRENT ASSETS

Stocks

59,416

54,971

Debtors

5

25,977

59,695

Cash at bank

101,875

177,625

187,268

292,291

CREDITORS

Amounts falling due within one year

6

139,507

151,343

NET CURRENT ASSETS

47,761

140,948

TOTAL ASSETS LESS CURRENT LIABILITIES

314,959

311,307

CREDITORS

Amounts falling due after more than one year

7

(27,626

)

(48,448

)

PROVISIONS FOR LIABILITIES

(32,718

)

(80,745

)

NET ASSETS

254,615

182,114

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

254,515

182,014

SHAREHOLDERS' FUNDS

254,615

182,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr A D Barker - Director

Mr J W Barker - Director

1.	STATUTORY INFORMATION

Barker & Grantham (Contracts) Limited is a company incorporated and domiciled in England and has its registered office and principle place of business at Industrial Estate, Brandesburton, Driffield, East Yorkshire, YO25 8RY.

The principal activity of the Company is that of building contractors.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Plant and machinery etc - 15% on cost and 25% on reducing balance basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost 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. Stock is calculated on the first in first out basis.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Taxation

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Land and

Plant and

and

buildings

machinery

fittings

£

£

£

COST

At 1 January 2024

-

197,377

1,077

Additions

95,000

14,980

-

Disposals

-

-

-

At 31 December 2024

95,000

212,357

1,077

DEPRECIATION

At 1 January 2024

-

50,241

1,077

Charge for year

-

19,652

-

Eliminated on disposal

-

-

-

At 31 December 2024

-

69,893

1,077

NET BOOK VALUE

At 31 December 2024

95,000

142,464

-

At 31 December 2023

-

147,136

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

46,220

6,780

251,454

Additions

18,000

-

127,980

Disposals

(9,050

)

-

(9,050

)

At 31 December 2024

55,170

6,780

370,384

DEPRECIATION

At 1 January 2024

22,997

6,780

81,095

Charge for year

9,978

-

29,630

Eliminated on disposal

(7,539

)

-

(7,539

)

At 31 December 2024

25,436

6,780

103,186

NET BOOK VALUE

At 31 December 2024

29,734

-

267,198

At 31 December 2023

23,223

-

170,359

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 January 2024

and 31 December 2024

150,000

DEPRECIATION

At 1 January 2024

30,000

Charge for year

15,000

At 31 December 2024

45,000

NET BOOK VALUE

At 31 December 2024

105,000

At 31 December 2023

120,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

20,330

52,108

Prepayments

5,647

7,587

25,977

59,695

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

20,821

19,726

Trade creditors

4,040

19,549

Amounts owed to group undertakings

39,718

39,718

Tax

5,474

2,120

Social security and other taxes

6,888

5,761

VAT

17,479

34,822

Directors' current accounts

38,287

23,287

Accrued expenses

6,800

6,360

139,507

151,343

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts (see note 8)

27,626

48,448

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Net obligations repayable:

Within one year

20,821

19,726

Between one and five years

27,626

48,448

48,447

68,174

Hire purchase contracts are secured on the assets to which they relate.

9.	CONTINGENT LIABILITIES

The company has a guarantee and debenture between itself, Barclays Bank plc, Barker & Grantham Limited and Barker & Grantham (Brandesburton) Limited regarding all indebtedness now or in the future of these companies. There is a fixed charge and a floating charge on all of the assets of the company.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is a loan to the company from director AB.The balance outstanding at 31 December 2024 was £24,878 (2023 - £9,878).

Included in other creditors is a loan to the company from director JB.The balance outstanding at 31 December 2024 was £13,409 (2023 - £13,409).

The loan was made on a interest free basis and is repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors, A D Barker and J W Barker, by virtue that they control this company's parent company.

The parent company is Barker & Grantham (Brandesburton) Limited with registration number 06891143 and has its registered office at Industrial Estate, Brandesburton, Driffield, East Yorkshire, YO25 8RY.

There are related party transaction outstanding at year end of £39,718 (2023 - £39,718).