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REGISTERED NUMBER: 01977007 (England and Wales)















Financial Statements for the Year Ended 31 December 2021

for

Days New Homes Limited

Days New Homes Limited (Registered number: 01977007)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Days New Homes Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: A J Day
N S Day





REGISTERED OFFICE: Suite SE104E
Innovation Centre
Priorslee Campus
Telford
Shropshire
TF2 9FT





REGISTERED NUMBER: 01977007 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Days New Homes Limited (Registered number: 01977007)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 176,442 205,607

CURRENT ASSETS
Stocks 1,982,086 1,991,704
Debtors 5 114,177 548,084
Cash at bank and in hand 1,381,370 1,303,856
3,477,633 3,843,644
CREDITORS
Amounts falling due within one year 6 910,275 1,192,859
NET CURRENT ASSETS 2,567,358 2,650,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,743,800

2,856,392

CREDITORS
Amounts falling due after more than one
year

7

(62,080

)

(35,144

)

PROVISIONS FOR LIABILITIES (446,693 ) (443,068 )
NET ASSETS 2,235,027 2,378,180

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 2,234,027 2,377,180
SHAREHOLDERS' FUNDS 2,235,027 2,378,180

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

Days New Homes Limited (Registered number: 01977007)

Balance Sheet - continued
31 December 2021


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 5 September 2022 and were signed on its behalf by:





A J Day - Director


Days New Homes Limited (Registered number: 01977007)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Days New Homes 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.

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts.
Turnover from the provision of goods and services are recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.


Days New Homes Limited (Registered number: 01977007)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 10 ) .

Days New Homes Limited (Registered number: 01977007)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2021 287,434 38,237 108,770 434,441
Additions 32,264 - - 32,264
Disposals (33,250 ) - (9,990 ) (43,240 )
At 31 December 2021 286,448 38,237 98,780 423,465
DEPRECIATION
At 1 January 2021 139,631 27,018 62,185 228,834
Charge for year 22,475 1,683 10,085 34,243
Eliminated on disposal (12,308 ) - (3,746 ) (16,054 )
At 31 December 2021 149,798 28,701 68,524 247,023
NET BOOK VALUE
At 31 December 2021 136,650 9,536 30,256 176,442
At 31 December 2020 147,803 11,219 46,585 205,607

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2021 114,700
Disposals (24,150 )
At 31 December 2021 90,550
DEPRECIATION
At 1 January 2021 18,655
Charge for year 11,328
Eliminated on disposal (3,623 )
At 31 December 2021 26,360
NET BOOK VALUE
At 31 December 2021 64,190
At 31 December 2020 96,045

Days New Homes Limited (Registered number: 01977007)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 28 446,762
Other debtors 5,419 3,851
Directors' current accounts 64,354 43,604
VAT 32,650 40,446
Prepayments and accrued income 11,726 13,421
114,177 548,084

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 8,375 30,337
Other loans 200,004 300,004
Hire purchase contracts 17,867 22,554
Trade creditors 95,369 252,464
Amounts owed to group undertakings 40,090 -
Corporation tax 77,310 48,677
Social security and other taxes 16,531 3,744
Other creditors 378,800 378,800
Directors' current accounts 51,579 51,597
Accruals and deferred income 24,350 104,682
910,275 1,192,859

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 2-5 years 42,292 -
Bank loans more 5 yr by instal 2,510 -
Hire purchase contracts 17,278 35,144
62,080 35,144

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,510 -



Days New Homes Limited (Registered number: 01977007)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank overdraft - 30,337
Bank loans 53,177 -
Other loans 200,004 300,004
Hire purchase contracts 35,145 57,698
288,326 388,039

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company has made a short-term loan to a director. The amount outstanding at the year end was £64,354 (2020 -£43,604). The loan is interest free and repayable on demand.

During the year the company carried out building works for a director for £372,848, being the market value of the work undertaken.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Zillacon Holdings Ltd, a company registered in England and Wales whose registered office is Suite Se104 E Innovation Centre University Of Wolverhampton, Telford Campus, Priorslee, Telford, Shropshire, United Kingdom, TF2 9FT.

12. OTHER PROVISIONS

Other provisions relate to potential rectification costs in respect of work carried out under contracts and other development building work. The company remains liable for the costs of such rectification for a period of up to 10 years following completion of the work. However, it is anticipated that most of the expenditure would be incurred within two to five years of the balance sheet date.