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REGISTERED NUMBER: 02678134 (England and Wales)















Financial Statements for the Year Ended 31 July 2023

for

Dorton Demolition and Excavation Limited

Dorton Demolition and Excavation Limited (Registered number: 02678134)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dorton Demolition and Excavation Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: K D Harvey
T Quarmby
J S Ashley





REGISTERED OFFICE: Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN





REGISTERED NUMBER: 02678134 (England and Wales)





ACCOUNTANTS: Style and Silver
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN

Dorton Demolition and Excavation Limited (Registered number: 02678134)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,608,492 1,956,504
Investments 5 1 1
1,608,493 1,956,505

CURRENT ASSETS
Stocks 239,450 140,416
Debtors 6 168,294 285,767
Cash at bank and in hand 2,412,125 2,466,894
2,819,869 2,893,077
CREDITORS
Amounts falling due within one year 7 613,741 571,258
NET CURRENT ASSETS 2,206,128 2,321,819
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,814,621

4,278,324

CREDITORS
Amounts falling due after more than one
year

8

(45,945

)

(195,343

)

PROVISIONS FOR LIABILITIES (305,026 ) (308,994 )
NET ASSETS 3,463,650 3,773,987

Dorton Demolition and Excavation Limited (Registered number: 02678134)

Balance Sheet - continued
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,463,550 3,773,887
SHAREHOLDERS' FUNDS 3,463,650 3,773,987

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

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

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

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 15 February 2024 and were signed on its behalf by:





K D Harvey - Director


Dorton Demolition and Excavation Limited (Registered number: 02678134)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Dorton Demolition and Excavation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Dorton Demolition and Excavation Limited (Registered number: 02678134)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

Dorton Demolition and Excavation Limited (Registered number: 02678134)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2022 2,846,357 57,728 1,058,685 3,962,770
Additions 1,450 3,387 119,500 124,337
Disposals (875 ) - (244,895 ) (245,770 )
At 31 July 2023 2,846,932 61,115 933,290 3,841,337
DEPRECIATION
At 1 August 2022 1,460,737 47,731 497,798 2,006,266
Charge for year 207,900 4,408 117,644 329,952
Eliminated on disposal (557 ) - (102,816 ) (103,373 )
At 31 July 2023 1,668,080 52,139 512,626 2,232,845
NET BOOK VALUE
At 31 July 2023 1,178,852 8,976 420,664 1,608,492
At 31 July 2022 1,385,620 9,997 560,887 1,956,504

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022 521,400 161,000 682,400
Disposals - (161,000 ) (161,000 )
Transfer to ownership (180,000 ) - (180,000 )
At 31 July 2023 341,400 - 341,400
DEPRECIATION
At 1 August 2022 89,221 12,075 101,296
Charge for year 64,827 13,031 77,858
Eliminated on disposal - (25,106 ) (25,106 )
Transfer to ownership (72,221 ) - (72,221 )
At 31 July 2023 81,827 - 81,827
NET BOOK VALUE
At 31 July 2023 259,573 - 259,573
At 31 July 2022 432,179 148,925 581,104

Dorton Demolition and Excavation Limited (Registered number: 02678134)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2022
and 31 July 2023 1
NET BOOK VALUE
At 31 July 2023 1
At 31 July 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 35,093 130,452
Amounts owed by group undertakings 110,429 106,494
Other debtors 22,772 48,821
168,294 285,767

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 79,868 180,133
Trade creditors 439,307 272,208
Amounts owed to group undertakings - 945
Taxation and social security 70,356 91,401
Other creditors 24,210 26,571
613,741 571,258

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 45,945 195,343