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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2020 |
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FOR |
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BARKER BROS. BUILDERS LIMITED |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 APRIL 2020 |
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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 2020 |
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Page |
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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 2020 |
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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 2020 |
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2020 | 2019 |
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 and authorised for issue on
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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 2020 |
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1. | STATUTORY INFORMATION |
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Barker Bros. Builders Limited is a
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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 2020 |
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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 2019 |
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Additions |
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At 30 April 2020 |
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DEPRECIATION |
At 1 May 2019 |
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Charge for year |
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At 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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At 30 April 2019 |
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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 2019 |
and 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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At 30 April 2019 |
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Cost or valuation at 30 April 2020 is represented by: |
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Other |
investments |
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Valuation in 2020 | 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 2020 |
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6. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 May 2019 |
and 30 April 2020 |
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NET BOOK VALUE |
At 30 April 2020 |
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At 30 April 2019 |
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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 2020 is represented by: |
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Valuation in 2020 | 1,911,799 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2020 | 2019 |
£ | £ |
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 |
2020 | 2019 |
£ | £ |
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 £1,119,185 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 2020 |
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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. |