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Registration number: 13316749

DNT BUILDERS LIMITED

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

DNT BUILDERS LIMITED

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Balance Sheet

5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 10

 

DNT BUILDERS LIMITED

Company Information

Director

Mr Darius Siurkus

Registered office

1 Bath Hill
Great Yarmouth
England
NR30 2LQ

Bankers

Barclays Bank plc
Gorleston-on-Sea
Great Yarmouth
Norfolk
NR31

Accountants

M P Watson & Co
Accountants & Taxation Consultants
1 Bath Hill
Great Yarmouth
Norfolk
NR30 2LQ

 

DNT BUILDERS LIMITED

Director's Report for the Year Ended 31 March 2023

The director presents his report and the financial statements for the year ended 31 March 2023.

Director of the company

The director who held office during the year was as follows:

Mr Darius Siurkus

Principal activity

The principal activity of the company is Construction of domestic buildings.

Employment of disabled persons

Going concern

The Company is a going concern

Small companies provision statement

This report has 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.

Approved and authorised by the director on 31 March 2023
 

.........................................
Mr Darius Siurkus
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
DNT BUILDERS LIMITED
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DNT BUILDERS LIMITED for the year ended 31 March 2023 as set out on pages 4 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of DNT BUILDERS LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of DNT BUILDERS LIMITED and state those matters that we have agreed to state to the Board of Directors of DNT BUILDERS LIMITED, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DNT BUILDERS LIMITED and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that DNT BUILDERS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of DNT BUILDERS LIMITED. You consider that DNT BUILDERS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of DNT BUILDERS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

M P Watson & Co
Accountants & Taxation Consultants
1 Bath Hill
Great Yarmouth
Norfolk
NR30 2LQ

31 March 2023

 

DNT BUILDERS LIMITED

Profit and Loss Account for the Year Ended 31 March 2023

Note

2023
£

2022
£

Turnover

 

298,700

348,453

Cost of sales

 

(239,666)

(178,935)

Gross profit

 

59,034

169,518

Administrative expenses

 

(26,945)

(15,454)

Operating profit

 

32,089

154,064

Profit before tax

4

32,089

154,064

Tax on profit

 

(5,484)

(29,272)

Profit for the financial year

 

26,605

124,792

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

DNT BUILDERS LIMITED

(Registration number: 13316749)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

3,225

-

Current assets

 

Debtors

6

12,059

57,192

Cash at bank and in hand

 

249,690

127,298

 

261,749

184,490

Creditors: Amounts falling due within one year

7

(112,577)

(58,698)

Net current assets

 

149,172

125,792

Net assets

 

152,397

125,792

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

151,397

124,792

Shareholders' funds

 

152,397

125,792

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

Director's 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 director acknowledges his 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.

Approved and authorised by the director on 31 March 2023
 

.........................................
Mr Darius Siurkus
Director

 

DNT BUILDERS LIMITED

Statement of Changes in Equity for the Year Ended 31 March 2023

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

1,000

124,792

125,792

Profit for the year

-

26,605

26,605

At 31 March 2023

1,000

151,397

152,397

Share capital
£

Retained earnings
£

Total
£

Profit for the year

-

124,792

124,792

New share capital subscribed

1,000

-

1,000

At 31 March 2022

1,000

124,792

125,792

 

DNT BUILDERS LIMITED

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

1

General information

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

The address of its registered office is:
1 Bath Hill
Great Yarmouth
England
NR30 2LQ

These financial statements were authorised for issue by the director on 31 March 2023.

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).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

DNT BUILDERS LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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

Motor Vehicle

25% RBM

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. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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 profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Profit before tax

Arrived at after charging/(crediting)

 

DNT BUILDERS LIMITED

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

2023
£

2022
£

Depreciation expense

1,075

-

 

DNT BUILDERS LIMITED

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

5

Tangible assets

Motor vehicles
 £

Total
£

Cost or valuation

Additions

4,300

4,300

At 31 March 2023

4,300

4,300

Depreciation

Charge for the year

1,075

1,075

At 31 March 2023

1,075

1,075

Carrying amount

At 31 March 2023

3,225

3,225

6

Debtors

Current

2023
£

2022
£

Trade debtors

-

37,939

Other debtors

12,059

19,253

 

12,059

57,192

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

34,756

29,272

Director's current account

77,821

29,426

112,577

58,698

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Shares of £1 each

1,000

1,000

1,000

1,000