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Registration number: 04523576

DNH Construction Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

DNH Construction Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

DNH Construction Limited

Company Information

Directors

Mrs D Holmes

Mr S M Holmes

Mr D N Holmes

Company secretary

Mrs D Holmes

Registered office

6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

Accountants

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
DNH Construction Limited
for the Year Ended 30 November 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DNH Construction Limited for the year ended 30 November 2023 as set out on pages 3 to 8 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 DNH Construction 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 DNH Construction Limited and state those matters that we have agreed to state to the Board of Directors of DNH Construction 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 DNH Construction Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that DNH Construction 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 DNH Construction Limited. You consider that DNH Construction 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 DNH Construction 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.

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

Houndiscombe Consultants Limited
T/A Condy Mathias Chartered Accountants
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH

30 July 2024

 

DNH Construction Limited

(Registration number: 04523576)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

6

45,018

24,147

Current assets

 

Stocks

7

352,500

273,000

Debtors

8

1,000,639

689,920

Cash at bank and in hand

 

1,015,905

592,251

 

2,369,044

1,555,171

Creditors: Amounts falling due within one year

9

(906,248)

(619,640)

Net current assets

 

1,462,796

935,531

Total assets less current liabilities

 

1,507,814

959,678

Provisions for liabilities

(11,255)

(6,037)

Net assets

 

1,496,559

953,641

Capital and reserves

 

Called up share capital

300

300

Share premium reserve

30,286

30,286

Retained earnings

1,465,973

923,055

Shareholders' funds

 

1,496,559

953,641

 

DNH Construction Limited

(Registration number: 04523576)
Balance Sheet as at 30 November 2023

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit ans Loss Account has been taken.

Approved and authorised by the Board on 30 July 2024 and signed on its behalf by:
 

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

Mr S M Holmes

Director

 

DNH Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Houndiscombe Road
Plymouth
Devon
PL4 6HH
United Kingdom

The principal place of business is:
1A Devonshire Meadows
Broadley Park Road
Plymouth
Devon
PL6 7EZ

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).

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.

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

Fixtures, fittings and equipment

25% reducing balance

Motor vehicles

25% reducing balance

Office equipment

33% straight line

 

DNH Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 38 (2022 - 35).

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

17,923

10,463

 

DNH Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

5

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 December 2022

57,000

57,000

At 30 November 2023

57,000

57,000

Amortisation

At 1 December 2022

57,000

57,000

At 30 November 2023

57,000

57,000

Carrying amount

At 30 November 2023

-

-

At 30 November 2022

-

-

6

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

83,731

56,388

140,119

Additions

5,439

33,355

38,794

Disposals

(22,416)

-

(22,416)

At 30 November 2023

66,754

89,743

156,497

Depreciation

At 1 December 2022

74,693

41,279

115,972

Charge for the year

5,805

12,118

17,923

Eliminated on disposal

(22,416)

-

(22,416)

At 30 November 2023

58,082

53,397

111,479

Carrying amount

At 30 November 2023

8,672

36,346

45,018

At 30 November 2022

9,038

15,109

24,147

 

DNH Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Stocks

2023
£

2022
£

Work in progress

350,000

271,000

Stock

2,500

2,000

352,500

273,000

8

Debtors

2023
£

2022
£

Trade debtors

947,955

630,069

Prepayments

29,831

36,516

Other debtors

22,853

23,335

1,000,639

689,920

9

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

83,649

17,900

Trade creditors

 

236,930

222,696

Taxation and social security

 

515,828

319,473

Accruals and deferred income

 

62,879

52,609

Other creditors

 

6,962

6,962

 

906,248

619,640

10

Related party transactions

During the year the company made cash advances of £85,992 to Mr and Mrs D Holmes directors in the company, £88,101 of this amount was repaid during the year. The amount outstanding at the year end and included in debtors due within one year is £8,061 (2022: £9,954 creditor). Interest is charged on a monthly basis at HMRC's official rate and the total interest charged during the year was £215 (2022: £103).

During the year the company made cash advances of £132,992 to Mr S Holmes a director in the company, £135,100 of this amount was repaid during the year. The amount outstanding at the year end and included in debtors due within one year is £11,092 (2022: £12,882). Interest is charged on a monthly basis at HMRC's official rate and the total interest charged during the year was £319 (2022: £431).