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Registered number: 04569587
D T Civils Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 04569587
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 6,118 12,482
Tangible Assets 5 701,491 818,211
707,609 830,693
CURRENT ASSETS
Stocks 258,453 241,824
Debtors 1,495,523 2,590,531
Cash at bank and in hand 1,433,222 1,494,808
3,187,198 4,327,163
Creditors: Amounts Falling Due Within One Year (1,010,686 ) (1,253,689 )
NET CURRENT ASSETS (LIABILITIES) 2,176,512 3,073,474
TOTAL ASSETS LESS CURRENT LIABILITIES 2,884,121 3,904,167
PROVISIONS FOR LIABILITIES
Provisions For Charges (721,737 ) (739,014 )
Deferred Taxation (125,889 ) (102,917 )
NET ASSETS 2,036,495 3,062,236
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account 2,035,495 3,061,236
SHAREHOLDERS' FUNDS 2,036,495 3,062,236
Page 1
Page 2
For the 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.
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Dean Sibley
Director
Mr Simon Sibley
Director
28/08/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
D T Civils Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04569587 . The registered office is Unit 37 Rassau Industrial Estate, Rassau, Ebbw Vale, NP23 5SD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are software costs. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10 years straight line
Plant & Machinery 4 years straight line
Motor Vehicles 3 years straight line
Fixtures & Fittings 5 years straight line
2.5. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 33 (2022: 33)
33 33
4. Intangible Assets
Total
£
Cost
As at 1 December 2022 31,820
As at 30 November 2023 31,820
Amortisation
As at 1 December 2022 19,338
Provided during the period 6,364
As at 30 November 2023 25,702
Net Book Value
As at 30 November 2023 6,118
As at 1 December 2022 12,482
5. Tangible Assets
Total
£
Cost
As at 1 December 2022 2,749,558
Additions 193,763
Disposals (56,828 )
As at 30 November 2023 2,886,493
...CONTINUED
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Page 5
Depreciation
As at 1 December 2022 1,931,347
Provided during the period 303,629
Disposals (49,974 )
As at 30 November 2023 2,185,002
Net Book Value
As at 30 November 2023 701,491
As at 1 December 2022 818,211
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
7. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 111,447 67,909
Later than one year and not later than five years 267,307 165,708
378,754 233,617
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2022 Amounts advanced Amounts repaid Amounts written off As at 30 November 2023
£ £ £ £ £
Mr Dean Sibley 147,820 - 147,820 - -
Mr Simon Sibley 240,684 - 240,684 - -
During the year the directors made interest free loans to the company, repayable on demand.  At the balance sheet date the amounts owed to directors total £130,319 (2022: NIL).
9. Related Party Transactions
Loans with companies under common control
During the year the company made interest free repayable on demand loans to companies under common control of £457 (2022: £579).
At the year end the aggreagte total due from these loans was £3,040 (2022: £2,585). The loans are interest free and repayable on demand.
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