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REGISTERED NUMBER: 08620756 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2023

for

DBS Construction Ltd

DBS Construction Ltd (Registered number: 08620756)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DBS Construction Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: D P Werrett
Mrs C Werrett





REGISTERED OFFICE: The Brambles
Garden Lane
Cadeby
Doncaster
South Yorkshire
DN5 7SN





REGISTERED NUMBER: 08620756 (England and Wales)

DBS Construction Ltd (Registered number: 08620756)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 218,510 283,901

CURRENT ASSETS
Stocks 29,932 42,663
Debtors 5 709,588 606,413
Cash at bank and in hand 324,036 276,836
1,063,556 925,912
CREDITORS
Amounts falling due within one year 6 626,226 511,624
NET CURRENT ASSETS 437,330 414,288
TOTAL ASSETS LESS CURRENT
LIABILITIES

655,840

698,189

CREDITORS
Amounts falling due after more than one
year

7

(129,377

)

(187,844

)

PROVISIONS FOR LIABILITIES (65,894 ) (51,192 )
NET ASSETS 460,569 459,153

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 460,469 459,053
SHAREHOLDERS' FUNDS 460,569 459,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

DBS Construction Ltd (Registered number: 08620756)

Balance Sheet - continued
31 March 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by:




D P Werrett - Director



Mrs C Werrett - Director


DBS Construction Ltd (Registered number: 08620756)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

DBS Construction Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on cost and 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 Income Statement, 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.

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.

DBS Construction Ltd (Registered number: 08620756)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company makes employer contributions to employee pension schemes and complies with auto enrolment legislation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 330,318
Additions 17,977
Disposals (15,395 )
At 31 March 2023 332,900
DEPRECIATION
At 1 April 2022 46,417
Charge for year 70,860
Eliminated on disposal (2,887 )
At 31 March 2023 114,390
NET BOOK VALUE
At 31 March 2023 218,510
At 31 March 2022 283,901

DBS Construction Ltd (Registered number: 08620756)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS - continued

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

Plant and
machinery
etc
£   
COST
At 1 April 2022 294,287
Disposals (15,395 )
Transfer to ownership (26,092 )
At 31 March 2023 252,800
DEPRECIATION
At 1 April 2022 33,127
Charge for year 63,786
Eliminated on disposal (2,887 )
Transfer to ownership (15,772 )
At 31 March 2023 78,254
NET BOOK VALUE
At 31 March 2023 174,546
At 31 March 2022 261,160

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 678,084 587,081
Other debtors 31,504 19,332
709,588 606,413

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 38,904 48,307
Trade creditors 419,760 346,332
Amounts owed to group undertakings 18,390 24,209
Taxation and social security 95,607 51,435
Other creditors 43,565 31,341
626,226 511,624

DBS Construction Ltd (Registered number: 08620756)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,077 33,000
Hire purchase contracts 106,300 154,844
129,377 187,844

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 145,204 203,151

9. RELATED PARTY DISCLOSURES

DBS Holdings Yorkshire Ltd

Parent company

Monies were loaned between the companies on an interest free basis.

Monies owing to this company at 31st March 2023 and reflected in current liabilities: £18,390.

Monies owing to this company at 31st March 2022 and reflected in current liabilities: £24,209.

10. ULTIMATE CONTROLLING PARTY

The company is owned by DBS Holdings Yorkshire Ltd