Registered number
05638750
D.W.S. Construction (2005) Limited
Filleted Accounts
30 November 2023
D.W.S. Construction (2005) Limited
Registered number: 05638750
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 25,943 26,625
Current assets
Debtors 4 44,759 18,113
Cash at bank and in hand 17 9,580
44,776 27,693
Creditors: amounts falling due within one year 5 (36,594) (23,860)
Net current assets 8,182 3,833
Total assets less current liabilities 34,125 30,458
Creditors: amounts falling due after more than one year 6 (17,069) (25,069)
Net assets 17,056 5,389
Capital and reserves
Called up share capital 100 100
Profit and loss account 16,956 5,289
Shareholder's funds 17,056 5,389
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Dart
Director
Approved by the board on 19 August 2024
D.W.S. Construction (2005) Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Property improvements 10% reducing balance
Plant, machinery and office equipment 10% reducing balance
Motor vehicles 10% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2022 1,968 7,142 40,214 49,324
Additions 2,200 - - 2,200
At 30 November 2023 4,168 7,142 40,214 51,524
Depreciation
At 1 December 2022 196 5,413 17,090 22,699
Charge for the year 397 173 2,312 2,882
At 30 November 2023 593 5,586 19,402 25,581
Net book value
At 30 November 2023 3,575 1,556 20,812 25,943
At 30 November 2022 1,772 1,729 23,124 26,625
4 Debtors 2023 2022
£ £
Trade debtors 13,298 9,541
Director's loan 5,782 5,782
Other debtors 25,679 2,790
44,759 18,113
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 15,259 8,000
Trade creditors - 1
Taxation and social security costs 20,335 15,859
Other creditors 1,000 -
36,594 23,860
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 17,069 25,069
7 Controlling party
The controlling party was P Dart and J Woods Shepherd.
8 Other information
D.W.S. Construction (2005) Limited is a private company limited by shares and incorporated in England. Its registered office is:
15 Wellingborough Road
Little Harrowden
Wellingborough
Northants
NN9 5BE
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