Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28true2022-10-01falsebuilding contractors66trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10205674 2022-10-01 2023-02-28 10205674 2021-10-01 2022-09-30 10205674 2023-02-28 10205674 2022-09-30 10205674 c:Director1 2022-10-01 2023-02-28 10205674 d:PlantMachinery 2022-10-01 2023-02-28 10205674 d:PlantMachinery 2023-02-28 10205674 d:PlantMachinery 2022-09-30 10205674 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-02-28 10205674 d:FurnitureFittings 2022-10-01 2023-02-28 10205674 d:FurnitureFittings 2023-02-28 10205674 d:FurnitureFittings 2022-09-30 10205674 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-02-28 10205674 d:OwnedOrFreeholdAssets 2022-10-01 2023-02-28 10205674 d:CurrentFinancialInstruments 2023-02-28 10205674 d:CurrentFinancialInstruments 2022-09-30 10205674 d:Non-currentFinancialInstruments 2023-02-28 10205674 d:Non-currentFinancialInstruments 2022-09-30 10205674 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10205674 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 10205674 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 10205674 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 10205674 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-02-28 10205674 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 10205674 d:ShareCapital 2023-02-28 10205674 d:ShareCapital 2022-09-30 10205674 d:RetainedEarningsAccumulatedLosses 2023-02-28 10205674 d:RetainedEarningsAccumulatedLosses 2022-09-30 10205674 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-02-28 10205674 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-09-30 10205674 c:FRS102 2022-10-01 2023-02-28 10205674 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-02-28 10205674 c:FullAccounts 2022-10-01 2023-02-28 10205674 c:PrivateLimitedCompanyLtd 2022-10-01 2023-02-28 10205674 2 2022-10-01 2023-02-28 10205674 e:PoundSterling 2022-10-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 10205674









D & N MAINTENANCE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 28 FEBRUARY 2023

 
D & N MAINTENANCE LIMITED
REGISTERED NUMBER: 10205674

BALANCE SHEET
AS AT 28 FEBRUARY 2023

28 February
30 September
2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,333
792

  
1,333
792

Current assets
  

Stocks
 5 
42,200
88,500

Debtors: amounts falling due within one year
 6 
217,544
49,635

Cash at bank and in hand
 7 
219,182
43,062

  
478,926
181,197

Creditors: amounts falling due within one year
 8 
(434,518)
(151,319)

Net current assets
  
 
 
44,408
 
 
29,878

Total assets less current liabilities
  
45,741
30,670

Creditors: amounts falling due after more than one year
 9 
(22,500)
(26,667)

  

Net assets
  
23,241
4,003


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
23,141
3,903

  
23,241
4,003

Page 1

 
D & N MAINTENANCE LIMITED
REGISTERED NUMBER: 10205674
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023

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 period 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.

The Company has opted not to file the statement of income and retained earnings 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 29 November 2023.




................................................
David Jacobs
Director

The notes on pages 3 to 9 form part of these financial statements.
Page 2

 
D & N MAINTENANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

1.


General information

D & N Maintenance Limited is a private company, limited by shares, incorporated in England and Wales. The principal acitivity of the Company was that of building contractors.

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

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
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 & N MAINTENANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.6

Borrowing costs

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

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Taxation

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 balance sheet date in the countries where the Company operates and generates income.

 
2.9

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.

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:

Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance

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.

Page 4

 
D & N MAINTENANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
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 balance sheet 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.

 
2.14

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.

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.

 
2.15

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.

Page 5

 
D & N MAINTENANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the period was 6 (2022 - 6).


4.


Tangible fixed assets







Plant and machinery
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 October 2022
1,057
-
1,057


Additions
-
695
695



At 28 February 2023

1,057
695
1,752



Depreciation


At 1 October 2022
265
-
265


Charge for the period on owned assets
82
72
154



At 28 February 2023

347
72
419



Net book value



At 28 February 2023
710
623
1,333



At 30 September 2022
792
-
792


5.


Stocks

28 February
30 September
2023
2022
£
£

Work in progress
42,200
88,500

42,200
88,500


Page 6

 
D & N MAINTENANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

6.


Debtors

28 February
30 September
2023
2022
£
£


Trade debtors
166,337
31,589

Amounts owed by joint ventures and associated undertakings
40,000
5,051

Other debtors
1,972
215

Prepayments and accrued income
9,235
12,780

217,544
49,635


Included within other debtors due within one year is a loan to David Jacobs, a director, amounting to £1,767 (2022 - £nil).




7.


Cash and cash equivalents

28 February
30 September
2023
2022
£
£

Cash at bank and in hand
219,182
43,062

219,182
43,062

Page 7

 
D & N MAINTENANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

8.


Creditors: Amounts falling due within one year

28 February
30 September
2023
2022
£
£

Bank loans
10,000
10,000

Trade creditors
94,199
39,591

Corporation tax
16,719
7,691

Other taxation and social security
73,119
37,772

Other creditors
1,265
43,396

Accruals and deferred income
239,216
12,869

434,518
151,319



9.


Creditors: Amounts falling due after more than one year

28 February
30 September
2023
2022
£
£

Bank loans
22,500
26,667

22,500
26,667



10.


Loans


Analysis of the maturity of loans is given below:


28 February
30 September
2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


Amounts falling due 2-5 years

Bank loans
22,500
26,667


32,500
36,667


Page 8

 
D & N MAINTENANCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 28 FEBRUARY 2023

11.


Financial instruments

28 February
30 September
2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
219,182
43,062




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.


12.


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 £2,446 (2022 - £5,902). Contributions totalling £1,265 (2022 - £2,757) were payable to the fund at the balance sheet date and are included in creditors.


13.


Related party transactions

David Jacobs is a director and shareholder in D & N Construction Limited and shareholder in D & N Construction (Salisbury) Limited.
During the year the Company made the following transactions:
- loan of £40,000 to (2022 - £39,000 from) D & N Construction Limited;
- loan repayments of £39,000 (2022 - £nil) to D & N Construction Limited;
- sales of £27,835 (2022 - £6,231) to  D & N Construction (Salisbury) Limited;
- purchases of £22,827 (2022 - £1,180) from  D & N Construction (Salisbury) Limited
At the end of the period £40,000 was due from (2022 - £39,000 due to) D & N Construction Limited. A balance of £3,577 (2022 - £6,231 ) due from D & N Construction (Salisbury) Limited is included in trade debtors and £4,358 (2022 - £1,180 ) due to D & N Construction (Salisbury) Limited is included in trade creditors.


14.


Controlling party

The Company is controlled by David and Victoria Jacobs, by virtue of their shareholding, as described in the directors' report.

 
Page 9