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REGISTERED NUMBER: 06390982 (England and Wales)






















Unaudited Financial Statements

for the Period

1 April 2023 to 30 June 2024

for

DPS Facades Ltd

DPS Facades Ltd (Registered number: 06390982)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DPS Facades Ltd

Company Information
for the Period 1 April 2023 to 30 June 2024







DIRECTORS: D Stocks
D P M Teasdale
R H E Chambers





SECRETARY: Mrs L Stocks





REGISTERED OFFICE: 6 Churchill Way
J35a Business Park
Chapeltown
Sheffield
South Yorkshire
S35 2PY





REGISTERED NUMBER: 06390982 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

DPS Facades Ltd (Registered number: 06390982)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,786 3,369
Tangible assets 5 103,537 33,762
107,323 37,131

CURRENT ASSETS
Stocks 292,022 210,096
Debtors 6 2,934,927 1,472,397
Cash at bank and in hand 476 131,874
3,227,425 1,814,367
CREDITORS
Amounts falling due within one year 7 2,159,709 1,444,823
NET CURRENT ASSETS 1,067,716 369,544
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,175,039

406,675

CREDITORS
Amounts falling due after more than one
year

8

(588,777

)

(116,420

)

PROVISIONS FOR LIABILITIES (18,715 ) -
NET ASSETS 567,547 290,255

CAPITAL AND RESERVES
Called up share capital 21 18
Retained earnings 567,526 290,237
567,547 290,255

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2024 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 August 2024 and were signed on its behalf by:



D Stocks - Director


DPS Facades Ltd (Registered number: 06390982)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 June 2024

1. STATUTORY INFORMATION

DPS Facades Ltd 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.

Reporting period
In the current period the company extended its year end from 31 March 2024 to 30 June 2024. For this reason, the current period is not directly comparable to the previous 12 month period.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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.

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 period 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.

DPS Facades Ltd (Registered number: 06390982)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 33 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 5,250
Additions 4,732
Disposals (5,250 )
At 30 June 2024 4,732
AMORTISATION
At 1 April 2023 1,881
Charge for period 1,628
Eliminated on disposal (2,563 )
At 30 June 2024 946
NET BOOK VALUE
At 30 June 2024 3,786
At 31 March 2023 3,369

DPS Facades Ltd (Registered number: 06390982)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 31,847 20,747 51,357 103,951
Additions 6,000 1,936 101,949 109,885
Disposals (2,373 ) (1,132 ) (35,320 ) (38,825 )
At 30 June 2024 35,474 21,551 117,986 175,011
DEPRECIATION
At 1 April 2023 17,335 9,682 43,172 70,189
Charge for period 6,260 3,728 24,998 34,986
Eliminated on disposal (1,475 ) (830 ) (31,396 ) (33,701 )
At 30 June 2024 22,120 12,580 36,774 71,474
NET BOOK VALUE
At 30 June 2024 13,354 8,971 81,212 103,537
At 31 March 2023 14,512 11,065 8,185 33,762

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 101,949
At 30 June 2024 101,949
DEPRECIATION
Charge for period 22,611
At 30 June 2024 22,611
NET BOOK VALUE
At 30 June 2024 79,338

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 2,340,046 1,294,763
Other debtors 578,343 101,252
2,918,389 1,396,015

Amounts falling due after more than one year:
Amounts owed by group undertakings 16,538 76,382

Aggregate amounts 2,934,927 1,472,397

DPS Facades Ltd (Registered number: 06390982)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 304,666 125,766
Hire purchase contracts 13,850 -
Trade creditors 847,120 741,002
Taxation and social security 357,187 119,834
Other creditors 636,886 458,221
2,159,709 1,444,823

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 516,266 109,719
Hire purchase contracts 64,400 -
Amounts owed to group undertakings 8,111 -
Other creditors - 6,701
588,777 116,420

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 78,250 -
Bank loans and overdrafts 124,571 117,562
Factoring account 615,886 435,432
818,707 552,994

The bank loans and overdrafts are secured by a fixed and floating charge over all assets.
The factoring account is secured by a fixed and floating charge.

10. RELATED PARTY DISCLOSURES

Stocks Investments Limited is the ultimate controlling party.

11. ULTIMATE CONTROLLING PARTY

The controlling party is D Stocks.