Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31102022-04-01falseNo description of principal activity10truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06436888 2022-04-01 2023-03-31 06436888 2021-04-01 2022-03-31 06436888 2023-03-31 06436888 2022-03-31 06436888 c:Director1 2022-04-01 2023-03-31 06436888 d:MotorVehicles 2022-04-01 2023-03-31 06436888 d:MotorVehicles 2023-03-31 06436888 d:MotorVehicles 2022-03-31 06436888 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06436888 d:ComputerEquipment 2022-04-01 2023-03-31 06436888 d:ComputerEquipment 2023-03-31 06436888 d:ComputerEquipment 2022-03-31 06436888 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06436888 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06436888 d:CurrentFinancialInstruments 2023-03-31 06436888 d:CurrentFinancialInstruments 2022-03-31 06436888 d:Non-currentFinancialInstruments 2023-03-31 06436888 d:Non-currentFinancialInstruments 2022-03-31 06436888 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06436888 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06436888 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 06436888 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 06436888 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 06436888 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 06436888 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 06436888 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 06436888 d:ShareCapital 2023-03-31 06436888 d:ShareCapital 2022-03-31 06436888 d:RetainedEarningsAccumulatedLosses 2023-03-31 06436888 d:RetainedEarningsAccumulatedLosses 2022-03-31 06436888 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06436888 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 06436888 c:OrdinaryShareClass1 2022-04-01 2023-03-31 06436888 c:OrdinaryShareClass1 2023-03-31 06436888 c:OrdinaryShareClass1 2022-03-31 06436888 c:FRS102 2022-04-01 2023-03-31 06436888 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06436888 c:FullAccounts 2022-04-01 2023-03-31 06436888 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06436888 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 06436888 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 06436888 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 06436888 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 06436888 2 2022-04-01 2023-03-31 06436888 6 2022-04-01 2023-03-31 06436888 e:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06436888









D.P. BUILDERS AND CONSTRUCTION LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
D.P. BUILDERS AND CONSTRUCTION LTD
REGISTERED NUMBER: 06436888

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
131,236
131,937

Investments
 5 
1
1

  
131,237
131,938

Current assets
  

Stocks
  
314,607
231,180

Debtors
 6 
1,291,772
1,255,944

Cash at bank and in hand
 7 
62,313
102,660

  
1,668,692
1,589,784

Creditors: amounts falling due within one year
 8 
(747,063)
(477,449)

Net current assets
  
 
 
921,629
 
 
1,112,335

Total assets less current liabilities
  
1,052,866
1,244,273

Creditors: amounts falling due after more than one year
 9 
(134,012)
(206,515)

Provisions for liabilities
  

Deferred tax
 12 
(24,936)
(25,068)

  
 
 
(24,936)
 
 
(25,068)

Net assets
  
893,918
1,012,690


Capital and reserves
  

Called up share capital 
 13 
100
100

Profit and loss account
  
893,818
1,012,590

  
893,918
1,012,690


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Page 1

 
D.P. BUILDERS AND CONSTRUCTION LTD
REGISTERED NUMBER: 06436888
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023


The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 November 2023.




Derren Paul Hancock
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
D.P. BUILDERS AND CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The company is a private company limited by shares, registered and incorporated in England and
Wales. The address of the registered office is 40 Belmont Road, Erith, Kent DA8 1LB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
D.P. BUILDERS AND CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 4

 
D.P. BUILDERS AND CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
reducing balance method
Computer equipment
-
25%
reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
D.P. BUILDERS AND CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The
Page 6

 
D.P. BUILDERS AND CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.15
Financial instruments (continued)

impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Other financial instruments

Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Page 7

 
D.P. BUILDERS AND CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.15
Financial instruments (continued)

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 10 (2022 - 10).


4.


Tangible fixed assets





Motor vehicles
Computer equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
316,749
35,458
352,207


Additions
53,939
-
53,939


Disposals
(34,436)
-
(34,436)



At 31 March 2023

336,252
35,458
371,710



Depreciation


At 1 April 2022
189,604
30,665
220,269


Charge for the year on owned assets
42,547
1,198
43,745


Disposals
(23,540)
-
(23,540)



At 31 March 2023

208,611
31,863
240,474



Net book value



At 31 March 2023
127,641
3,595
131,236



At 31 March 2022
127,145
4,792
131,937

Page 8

 
D.P. BUILDERS AND CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
1



At 31 March 2023
1





6.


Debtors

2023
2022
£
£



Trade debtors
270,798
329,549

Amounts owed by group undertakings
793,398
703,623

Other debtors
222,635
217,787

Prepayments and accrued income
4,941
4,985

1,291,772
1,255,944



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
62,313
102,660

Less: bank overdrafts
(17,127)
(146,907)

45,186
(44,247)


Page 9

 
D.P. BUILDERS AND CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
17,127
146,907

Bank loans
72,500
72,500

Trade creditors
127,593
183,353

Corporation tax
11,664
13,949

Other taxation and social security
252,008
43,867

Obligations under finance lease and hire purchase contracts
28,550
16,872

Other creditors
237,621
1

747,063
477,449



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
106,667
179,815

Net obligations under finance leases and hire purchase contracts
27,345
26,700

134,012
206,515


Page 10

 
D.P. BUILDERS AND CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
72,500
72,500


72,500
72,500

Amounts falling due 1-2 years

Bank loans
72,500
72,500


72,500
72,500

Amounts falling due 2-5 years

Bank loans
34,167
107,315


34,167
107,315


179,167
252,315



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
28,551
18,747

Between 1-5 years
27,345
26,699

55,896
45,446


12.


Deferred taxation

Page 11

 
D.P. BUILDERS AND CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
 
12.Deferred taxation (continued)




2023


£






At beginning of year
(25,068)


Utilised in year
133



At end of year
(24,935)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(24,935)
(25,068)

(24,935)
(25,068)


13.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the Company to the fund and amounted to £2,669 (2022: £3,020)
Contributions totalling £nil (2022: £nil) were payable to the fund at the reporting date and are included
iin creditors.


15.


Related party transactions

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.
Rent was paid to the directors of £39,600 (2021: £39,600).

Page 12

 
D.P. BUILDERS AND CONSTRUCTION LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

16.


Controlling party

The ultimate parent company of D.P. Builders and Construction Ltd is DP Builders & Construction
(Holdings) Limited. The registered office is First Floor, 3 Cumbrian House, 217 Marsh Wall, London, E14 9FJ. The parent company does not prepare group accounts as the group is small and not
inegligible.

 
Page 13