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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2019 |
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BARKER BROS. BUILDERS LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2019 |
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FOR |
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BARKER BROS. BUILDERS LIMITED |
BARKER BROS. BUILDERS LIMITED (REGISTERED NUMBER: 00953148) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 April 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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BARKER BROS. BUILDERS LIMITED |
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COMPANY INFORMATION |
for the year ended 30 April 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Certified Accountants |
& Statutory Auditor |
124 Thorpe Road |
Norwich |
Norfolk |
NR1 1RS |
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SOLICITORS: |
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29 London Road |
Downham Market |
Norfolk |
PE38 9AS |
BARKER BROS. BUILDERS LIMITED (REGISTERED NUMBER: 00953148) |
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BALANCE SHEET |
30 April 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | 9 |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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BARKER BROS. BUILDERS LIMITED (REGISTERED NUMBER: 00953148) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 April 2019 |
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1. | STATUTORY INFORMATION |
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Barker Bros. Builders Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents invoiced sales of goods and services and rents receivable, excluding value added |
tax. |
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Depreciation |
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost (or deemed |
cost), less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and equipment | 25% Straight Line |
Motor vehicles | 25% Straight Line |
Freehold trading property | To residual value |
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Investment property |
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair |
value is recognised in profit or loss. |
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Stocks |
Land is stated in the accounts at cost. |
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Work in progress and finished goods - cost of direct materials and labour plus attributable overheads. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
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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. |
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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. |
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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. |
BARKER BROS. BUILDERS LIMITED (REGISTERED NUMBER: 00953148) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2019 |
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2. | ACCOUNTING POLICIES - continued |
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Investments |
Investments held in listed shares are shown at fair value with any gains or losses on revaluation |
recognised within the income statement. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 May 2018 |
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Additions |
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At 30 April 2019 |
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DEPRECIATION |
At 1 May 2018 |
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Charge for year |
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At 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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At 30 April 2018 |
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Upon transition to FRS 102, the previous freehold property valuation is deemed to be the cost. |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST OR VALUATION |
At 1 May 2018 |
and 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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At 30 April 2018 |
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Cost or valuation at 30 April 2019 is represented by: |
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Other |
investments |
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Valuation in 2019 | 2,938 |
BARKER BROS. BUILDERS LIMITED (REGISTERED NUMBER: 00953148) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2019 |
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6. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 May 2018 |
and 30 April 2019 |
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NET BOOK VALUE |
At 30 April 2019 |
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At 30 April 2018 |
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An independent member of the Royal Association of Chartered Surveyors valued the property in 2017 |
based on future expected rental income. This is reviewed annually by the directors to ensure |
investment property is shown at fair value. |
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Fair value at 30 April 2019 is represented by: |
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Valuation in 2019 | 1,911,799 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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9. | RESERVES |
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Included within retained earnings is £1,131,185 of non distributable reserves. |
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10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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11. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 |
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related |
party transactions with wholly owned subsidiaries within the group. |
BARKER BROS. BUILDERS LIMITED (REGISTERED NUMBER: 00953148) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 April 2019 |
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12. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is Barker Bros (Downham Market) Group Limited, which has the same |
registered office address. |