DJC CONSTRUCTION (SPALDING) LTD


Directors	CUNDY, Darren
	CUNDY, Nicola


Registered Address	11 Broadgate House Westlode Street
	Spalding
	PE11 2AF


Registered Number	12517669 (England and Wales)

Balance Sheet as at
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		21,550		6,667
			21,550		6,667
Current assets
Debtors	6	42		26,685
Cash at bank and on hand		147,826		140,348
		147,868		167,033
Creditors amounts falling due within one year	7	(38,425)		(52,541)
Net current assets (liabilities)			109,443		114,492
Total assets less current liabilities			130,993		121,159
Net assets			130,993		121,159
Capital and reserves
Called up share capital			100		100
Profit and loss account			130,893		121,059
Shareholders' funds			130,993		121,159

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 11 July 2023, and are signed on its behalf by:

CUNDY, Darren
Director

CUNDY, Nicola
Director

Registered Company No. 12517669

DJC CONSTRUCTION (SPALDING) LTD

Notes to the Financial Statements
for the year ended 31 March 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Vehicles	3

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

4.	Employee information


		2023		2022
	Average number of employees during the year	1		1

5.	Property, plant and equipment

	Plant & machinery	Vehicles	Total
	£	£	£
Cost or valuation
At 01 April 22	-	10,000	10,000
Additions	-	32,325	32,325
Disposals	-	(10,000)	(10,000)
At 31 March 23	-	32,325	32,325
Depreciation and impairment
At 01 April 22	-	3,333	3,333
Charge for year	10,775	-	10,775
On disposals	-	(3,333)	(3,333)
At 31 March 23	10,775	-	10,775
Net book value
At 31 March 23	(10,775)	32,325	21,550
At 31 March 22	-	6,667	6,667

6.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	-	13,500
Other debtors	42	13,185
Total	42	26,685


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	20,780	25,809
Taxation and social security	17,107	25,338
Other creditors	538	1,394
Total	38,425	52,541


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.