Company Registration No. 09453814 (England and Wales)
D C Building Services Limited
Unaudited accounts
for the year ended 28 February 2023
D C Building Services Limited
Unaudited accounts
Contents
D C Building Services Limited
Company Information
for the year ended 28 February 2023
Directors
S Clarke
C Dique
Company Number
09453814 (England and Wales)
Registered Office
21 Prince Andrews Road
Hellesdon
Norwich
NR6 6XJ
Accountants
Mrs A C Howell
13 Ipswich Grove
Norwich
Norfolk
NR2 2LU
D C Building Services Limited
Statement of financial position
as at 28 February 2023
Tangible assets
24,655
30,684
Cash at bank and in hand
3,997
20,812
Creditors: amounts falling due within one year
(156,320)
(137,510)
Net current assets/(liabilities)
5,072
(4,684)
Total assets less current liabilities
29,727
26,000
Creditors: amounts falling due after more than one year
(26,340)
(35,204)
Provisions for liabilities
Deferred tax
(4,684)
(5,830)
Net liabilities
(1,297)
(15,034)
Called up share capital
100
100
Profit and loss account
(1,397)
(15,134)
Shareholders' funds
(1,297)
(15,034)
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by
S Clarke
Director
Company Registration No. 09453814
D C Building Services Limited
Notes to the Accounts
for the year ended 28 February 2023
D C Building Services Limited is a private company, limited by shares, registered in England and Wales, registration number 09453814. The registered office is 21 Prince Andrews Road, Hellesdon, Norwich, NR6 6XJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The company meets it's day to day working capital requirements through loan facilities provided by the directors of the company, which are repayable on demand.
The Directors have considered the Company's position at the time of signing the financial statements, and in particular the current issues caused by Covid-19 and its potential impact on the Company and the wider economy. As such under the current circumstances, it is difficult to produce meaningful forecasts for the remainder of the financial year and medium term. Nevertheless, the Directors have considered the current financial strength of the Company, together with the range of measures the Directors can take to mitigate ongoing costs should they need to, and ultimately should it be required, the support now being offered by the UK government for which the Company would be eligible to apply.
Based on this, the Directors have concluded that they have a reasonable expectation that the Company will have adequate resources to continue in operational existence for the foreseeable future, and, based on the economic environment recovering within the timeframe currently being widely anticipated, at least twelve months from the date of signing these financial statements, they therefore continue to adopt the going concern basis of accounting in preparing these financial statements
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
15% reducing balance
D C Building Services Limited
Notes to the Accounts
for the year ended 28 February 2023
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
50,818
31,243
4,988
87,049
Additions
445
-
1,180
1,625
At 28 February 2023
51,263
31,243
6,168
88,674
At 1 March 2022
29,205
25,230
1,930
56,365
Charge for the year
5,515
1,504
635
7,654
At 28 February 2023
34,720
26,734
2,565
64,019
At 28 February 2023
16,543
4,509
3,603
24,655
At 28 February 2022
21,613
6,013
3,058
30,684
Amounts falling due within one year
Accrued income and prepayments
26,486
31,084
Other debtors
127,529
32,570
D C Building Services Limited
Notes to the Accounts
for the year ended 28 February 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
11,052
Trade creditors
37,732
39,902
Taxes and social security
11,991
5,042
Other creditors
5,743
4,183
Loans from directors
90,534
77,331
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Creditors: amounts falling due after more than one year
2023
2022
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Transactions with related parties
The director's of the company provided the company with unsecured interest free loans on balances outstanding at the year end as follows:
S Clarke £51,935 (2022: £39,518)
C Dique £38,599 (2022: £37,813)
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Average number of employees
During the year the average number of employees was 3 (2022: 2).