IRIS Accounts Production v23.3.0.418 10169106 Board of Directors 1.6.22 31.5.23 31.5.23 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh101691062022-05-31101691062023-05-31101691062022-06-012023-05-31101691062021-05-31101691062021-06-012022-05-31101691062022-05-3110169106ns10:Originalns15:EnglandWales2022-06-012023-05-3110169106ns14:PoundSterlingns10:Original2022-06-012023-05-3110169106ns10:Originalns10:Director12022-06-012023-05-3110169106ns10:Original2022-06-012023-05-3110169106ns10:Original2023-05-3110169106ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3110169106ns10:Originalns10:SmallEntities2022-06-012023-05-3110169106ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3110169106ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3110169106ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3110169106ns10:Originalns10:AbridgedAccounts2022-06-012023-05-3110169106ns10:Original2021-06-012022-05-3110169106ns10:Originalns10:Director22022-06-012023-05-3110169106ns10:Originalns10:Director32022-06-012023-05-3110169106ns10:Originalns10:RegisteredOffice2022-06-012023-05-3110169106ns10:Original2022-05-3110169106ns10:Originalns5:CurrentFinancialInstruments2023-05-3110169106ns10:Originalns5:CurrentFinancialInstruments2022-05-3110169106ns10:Originalns5:Non-currentFinancialInstruments2023-05-3110169106ns10:Originalns5:Non-currentFinancialInstruments2022-05-3110169106ns5:ShareCapitalns10:Original2023-05-3110169106ns5:ShareCapitalns10:Original2022-05-3110169106ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3110169106ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-31
REGISTERED NUMBER: 10169106 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

DAMSON LANE CONSTRUCTION LIMITED

DAMSON LANE CONSTRUCTION LIMITED (REGISTERED NUMBER: 10169106)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DAMSON LANE CONSTRUCTION LIMITED

COMPANY INFORMATION
for the year ended 31 May 2023







DIRECTORS: A L Jones
M Jones
A R Jones





REGISTERED OFFICE: Watford Fields House
Church Street
Watford Village
Northamptonshire
NN6 7UR





REGISTERED NUMBER: 10169106 (England and Wales)






DAMSON LANE CONSTRUCTION LIMITED (REGISTERED NUMBER: 10169106)

ABRIDGED BALANCE SHEET
31 May 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 2,020,355 1,172,571
Debtors 135,723 5,701
Cash at bank 71,570 125,713
2,227,648 1,303,985
CREDITORS
Amounts falling due within one year 1,079,326 966,014
NET CURRENT ASSETS 1,148,322 337,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,148,322

337,971

CREDITORS
Amounts falling due after more than one
year

3

1,209,828

430,731
NET LIABILITIES (61,506 ) (92,760 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (61,507 ) (92,761 )
(61,506 ) (92,760 )

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

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

DAMSON LANE CONSTRUCTION LIMITED (REGISTERED NUMBER: 10169106)

ABRIDGED BALANCE SHEET - continued
31 May 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 December 2023 and were signed on its behalf by:





A R Jones - Director


DAMSON LANE CONSTRUCTION LIMITED (REGISTERED NUMBER: 10169106)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2023

1. 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

2. EMPLOYEES AND DIRECTORS

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

3. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans - more than 5 years 1,209,828 430,731

DAMSON LANE CONSTRUCTION LIMITED (REGISTERED NUMBER: 10169106)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

4. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.