Dempster Construction Services Limited 07919566 false 2022-02-01 2023-01-31 2023-01-31 The principal activity of the company is that of construction Digita Accounts Production Advanced 6.30.9574.0 true 07919566 2022-02-01 2023-01-31 07919566 2023-01-31 07919566 bus:OrdinaryShareClass1 2023-01-31 07919566 core:CurrentFinancialInstruments 2023-01-31 07919566 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 07919566 core:Non-currentFinancialInstruments 2023-01-31 07919566 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 07919566 core:FurnitureFittings 2023-01-31 07919566 core:MotorVehicles 2023-01-31 07919566 core:PlantMachinery 2023-01-31 07919566 bus:SmallEntities 2022-02-01 2023-01-31 07919566 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-01-31 07919566 bus:FullAccounts 2022-02-01 2023-01-31 07919566 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 07919566 bus:RegisteredOffice 2022-02-01 2023-01-31 07919566 bus:Director1 2022-02-01 2023-01-31 07919566 bus:Director2 2022-02-01 2023-01-31 07919566 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 07919566 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 07919566 core:FurnitureFittings 2022-02-01 2023-01-31 07919566 core:MotorCars 2022-02-01 2023-01-31 07919566 core:MotorVehicles 2022-02-01 2023-01-31 07919566 core:OfficeEquipment 2022-02-01 2023-01-31 07919566 core:PlantMachinery 2022-02-01 2023-01-31 07919566 countries:England 2022-02-01 2023-01-31 07919566 2022-01-31 07919566 core:FurnitureFittings 2022-01-31 07919566 core:MotorVehicles 2022-01-31 07919566 core:PlantMachinery 2022-01-31 07919566 2021-02-01 2022-01-31 07919566 2022-01-31 07919566 bus:OrdinaryShareClass1 2022-01-31 07919566 core:CurrentFinancialInstruments 2022-01-31 07919566 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 07919566 core:Non-currentFinancialInstruments 2022-01-31 07919566 core:Non-currentFinancialInstruments core:AfterOneYear 2022-01-31 07919566 core:FurnitureFittings 2022-01-31 07919566 core:MotorVehicles 2022-01-31 07919566 core:PlantMachinery 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07919566

Dempster Construction Services Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2023

 

Dempster Construction Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Dempster Construction Services Limited

Company Information

Directors

Mr S Dempster

Mrs S J Dempster

Registered office

8 Cambridge Close
Langford
Biggleswade
Beds
SG18 9SH

Accountants

KRW Accountants Limited
Chartered Accountants & Tax Advisers
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

 

Dempster Construction Services Limited

(Registration number: 07919566)
Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

24,865

9,301

Current assets

 

Debtors

5

53,902

41,620

Cash at bank and in hand

 

1,253

17,658

 

55,155

59,278

Creditors: Amounts falling due within one year

6

(30,069)

(40,220)

Net current assets

 

25,086

19,058

Total assets less current liabilities

 

49,951

28,359

Creditors: Amounts falling due after more than one year

6

(32,976)

(27,967)

Net assets

 

16,975

392

Capital and reserves

 

Called up share capital

100

100

Retained earnings

16,875

292

Shareholders' funds

 

16,975

392

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

 

Dempster Construction Services Limited

(Registration number: 07919566)
Balance Sheet as at 31 January 2023

Approved and authorised by the Board on 24 October 2023 and signed on its behalf by:
 

.........................................
Mr S Dempster
Director

 

Dempster Construction Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
8 Cambridge Close
Langford
Biggleswade
Beds
SG18 9SH

These financial statements were authorised for issue by the Board on 24 October 2023.

The company registration number is 07919566

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Dempster Construction Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. The company subsequently considers the recoverable value of the trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Dempster Construction Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight line basis.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

Dempster Construction Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 February 2022

3,853

1,735

19,057

24,645

Additions

475

-

23,612

24,087

At 31 January 2023

4,328

1,735

42,669

48,732

Depreciation

At 1 February 2022

3,318

1,009

11,017

15,344

Charge for the year

428

182

7,913

8,523

At 31 January 2023

3,746

1,191

18,930

23,867

Carrying amount

At 31 January 2023

582

544

23,739

24,865

At 31 January 2022

535

726

8,040

9,301

5

Debtors

Current

2023
£

2022
£

Other debtors

53,902

41,620

 

Dempster Construction Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

14,085

10,853

Taxation and social security

 

15,984

29,367

 

30,069

40,220

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

32,976

27,967

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         
 

Dempster Construction Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

20,551

27,057

HP and finance lease liability 1 (1-2 yrs)

-

910

HP and finance lease liability 2 (1-2 yrs)

5,994

-

HP and finance lease liability 2 (2-5 yrs)

6,431

-

32,976

27,967

2023
£

2022
£

Current loans and borrowings

Bank borrowings

6,800

6,800

HP and finance lease liability 1 (under 1yr)

1,291

4,053

HP and finance lease liability 2 (under 1yr)

5,994

-

14,085

10,853