Caseware UK (AP4) 2023.0.135 2023.0.135 2021-03-312021-03-31falsefalse72020-04-01falseThe principal activity of Tecton-DHC Ltd ("the Company") is that of construction.7trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09015202 2020-04-01 2021-03-31 09015202 2019-04-01 2020-03-31 09015202 2021-03-31 09015202 2020-03-31 09015202 c:Director1 2020-04-01 2021-03-31 09015202 d:OfficeEquipment 2020-04-01 2021-03-31 09015202 d:OfficeEquipment 2021-03-31 09015202 d:OfficeEquipment 2020-03-31 09015202 d:OfficeEquipment d:OwnedOrFreeholdAssets 2020-04-01 2021-03-31 09015202 d:CurrentFinancialInstruments 2021-03-31 09015202 d:CurrentFinancialInstruments 2020-03-31 09015202 d:CurrentFinancialInstruments d:WithinOneYear 2021-03-31 09015202 d:CurrentFinancialInstruments d:WithinOneYear 2020-03-31 09015202 d:ShareCapital 2021-03-31 09015202 d:ShareCapital 2020-03-31 09015202 d:RetainedEarningsAccumulatedLosses 2021-03-31 09015202 d:RetainedEarningsAccumulatedLosses 2020-03-31 09015202 c:FRS102 2020-04-01 2021-03-31 09015202 c:AuditExempt-NoAccountantsReport 2020-04-01 2021-03-31 09015202 c:FullAccounts 2020-04-01 2021-03-31 09015202 c:PrivateLimitedCompanyLtd 2020-04-01 2021-03-31 09015202 6 2020-04-01 2021-03-31 09015202 e:PoundSterling 2020-04-01 2021-03-31 iso4217:GBP xbrli:pure

Registered number: 09015202









TECTON-DHC LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2021

 
TECTON-DHC LIMITED
REGISTERED NUMBER: 09015202

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
538
716

  
538
716

Current assets
  

Debtors: amounts falling due within one year
 5 
949,983
773,775

Cash at bank and in hand
  
89,699
19,653

  
1,039,682
793,428

Creditors: amounts falling due within one year
 6 
(948,512)
(696,681)

Net current assets
  
 
 
91,170
 
 
96,747

Total assets less current liabilities
  
91,708
97,463

  

Net assets
  
91,708
97,463


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
91,608
97,363

  
91,708
97,463


Page 1

 
TECTON-DHC LIMITED
REGISTERED NUMBER: 09015202
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2021

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C Drug
Director

Date: 12 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
TECTON-DHC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

1.


General information

The principal activity of Tecton-DHC Ltd ("the Company") is that of construction.
The Company is a private company limited by shares and is incorporated in England and Wales.
The Registered Office address is 35 Ballards Lane, London N3 1XW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
TECTON-DHC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
TECTON-DHC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans to and from related parties.
(i) Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 5

 
TECTON-DHC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

2.Accounting policies (continued)

 
2.7

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2020 - 7).


4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 April 2020
2,714



At 31 March 2021

2,714



Depreciation


At 1 April 2020
1,998


Charge for the year on owned assets
178



At 31 March 2021

2,176



Net book value



At 31 March 2021
538



At 31 March 2020
716

Page 6

 
TECTON-DHC LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

5.


Debtors

2021
2020
£
£


Other debtors
949,883
773,675

Called up share capital not paid
100
100

949,983
773,775



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Trade creditors
324,863
263,835

Amounts owed to group undertakings
151,772
88,107

Corporation tax
88,547
88,547

Other taxation and social security
202,616
72,219

Other creditors
175,388
178,648

Accruals and deferred income
5,326
5,325

948,512
696,681


 
Page 7