1 April 2023 false No description of principal activity Taxfiler 2024.4 04706568business:PrivateLimitedCompanyLtd2023-04-012024-03-31 047065682023-03-31 047065682023-04-012024-03-31 04706568business:AuditExemptWithAccountantsReport2023-04-012024-03-31 04706568business:FilletedAccounts2023-04-012024-03-31 047065682024-03-31 047065682023-03-31 04706568core:WithinOneYear2024-03-31 04706568core:WithinOneYear2023-03-31 04706568core:AfterOneYear2024-03-31 04706568core:AfterOneYear2023-03-31 04706568core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 04706568core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 04706568core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 04706568core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 04706568core:PreviouslyStatedAmount2024-03-31 04706568core:PreviouslyStatedAmount2023-03-31 04706568business:SmallEntities2023-04-012024-03-31 04706568business:Director12023-04-012024-03-31 04706568countries:EnglandWales2023-04-012024-03-31 04706568business:RegisteredOffice2023-04-012024-03-31 04706568core:PlantMachinery2023-04-012024-03-31 04706568core:MotorVehicles2023-04-012024-03-31 04706568core:ComputerEquipment2023-04-012024-03-31 04706568core:Goodwill2023-03-31 04706568core:Goodwill2024-03-31 04706568core:PlantMachinery2023-03-31 04706568core:MotorVehicles2023-03-31 04706568core:FurnitureFittings2023-03-31 04706568core:ComputerEquipment2023-03-31 04706568core:FurnitureFittings2023-04-012024-03-31 04706568core:PlantMachinery2024-03-31 04706568core:MotorVehicles2024-03-31 04706568core:FurnitureFittings2024-03-31 04706568core:ComputerEquipment2024-03-31 04706568core:WithinOneYear2023-04-012024-03-31 04706568core:AfterOneYear2023-04-012024-03-31 047065682022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 04706568 (England and Wales)
Durston Construction Ltd Unaudited accounts for the year ended 31 March 2024
Durston Construction Ltd Unaudited accounts Contents
Page
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Durston Construction Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
325,317 
312,173 
Current assets
Inventories
46,410 
108,912 
Debtors
89,257 
47,853 
Cash at bank and in hand
262,989 
282,420 
398,656 
439,185 
Creditors: amounts falling due within one year
(193,206)
(201,851)
Net current assets
205,450 
237,334 
Total assets less current liabilities
530,767 
549,507 
Creditors: amounts falling due after more than one year
(13,900)
(24,063)
Provisions for liabilities
Deferred tax
(82,296)
(78,043)
Net assets
434,571 
447,401 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
434,469 
447,299 
Shareholders' funds
434,571 
447,401 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2024 and were signed on its behalf by
M J Durston Director Company Registration No. 04706568
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Durston Construction Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Durston Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 04706568. The registered office is Springleaze, Downhead, Shepton Mallet, Somerset, BA4 4LQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Durston Construction Ltd Notes to the Accounts for the year ended 31 March 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
26,844 
At 31 March 2024
26,844 
Amortisation
At 1 April 2023
26,844 
At 31 March 2024
26,844 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
407,482 
159,687 
13,332 
10,118 
590,619 
Additions
5,407 
57,227 
4,000 
1,063 
67,697 
Disposals
- 
- 
(11,432)
(2,546)
(13,978)
At 31 March 2024
412,889 
216,914 
5,900 
8,635 
644,338 
Depreciation
At 1 April 2023
182,866 
85,358 
2,476 
7,746 
278,446 
Charge for the year
28,644 
14,652 
1,590 
1,664 
46,550 
On disposals
- 
- 
(3,429)
(2,546)
(5,975)
At 31 March 2024
211,510 
100,010 
637 
6,864 
319,021 
Net book value
At 31 March 2024
201,379 
116,904 
5,263 
1,771 
325,317 
At 31 March 2023
224,616 
74,329 
10,856 
2,372 
312,173 
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Durston Construction Ltd Notes to the Accounts for the year ended 31 March 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
68,876 
31,034 
Accrued income and prepayments
17,631 
11,319 
Other debtors
2,750 
5,500 
89,257 
47,853 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
9,912 
VAT
27,704 
6,414 
Trade creditors
34,463 
32,990 
Taxes and social security
17,056 
24,454 
Other creditors
23,196 
19,119 
Loans from directors
74,053 
69,789 
Accruals
16,734 
39,173 
193,206 
201,851 
The bank loan is secured against the company's assets.
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,900 
24,063 
The bank loan is secured against the company's assets.
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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