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REGISTERED NUMBER: 04215550 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

B.D.N. Construction Limited

B.D.N. Construction Limited (Registered number: 04215550)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B.D.N. Construction Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs N Noble
Mr B D Noble





SECRETARY: Mrs N Noble





REGISTERED OFFICE: Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 04215550 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

B.D.N. Construction Limited (Registered number: 04215550)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,906 62,254

CURRENT ASSETS
Stocks 14,270 48,675
Debtors 5 90,624 79,649
Cash at bank 88,223 78,702
193,117 207,026
CREDITORS
Amounts falling due within one year 6 115,958 102,443
NET CURRENT ASSETS 77,159 104,583
TOTAL ASSETS LESS CURRENT
LIABILITIES

129,065

166,837

CREDITORS
Amounts falling due after more than one
year

7

(37,020

)

(54,780

)

PROVISIONS FOR LIABILITIES 8 (7,005 ) (8,304 )
NET ASSETS 85,040 103,753

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 84,940 103,653
SHAREHOLDERS' FUNDS 85,040 103,753

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

B.D.N. Construction Limited (Registered number: 04215550)

Balance Sheet - continued
30 November 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





Mrs N Noble - Director


B.D.N. Construction Limited (Registered number: 04215550)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

B.D.N. Construction Limited 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.

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

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 - 15% on reducing balance
Fixtures, fittings and office equipment - 15% 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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

B.D.N. Construction Limited (Registered number: 04215550)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
Short Plant and office Motor
leasehold machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022
and 30 November 2023 18,548 4,224 11,545 72,007 106,324
DEPRECIATION
At 1 December 2022 - 2,537 7,445 34,088 44,070
Charge for year - 253 615 9,480 10,348
At 30 November 2023 - 2,790 8,060 43,568 54,418
NET BOOK VALUE
At 30 November 2023 18,548 1,434 3,485 28,439 51,906
At 30 November 2022 18,548 1,687 4,100 37,919 62,254

B.D.N. Construction Limited (Registered number: 04215550)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022
and 30 November 2023 44,257
DEPRECIATION
At 1 December 2022 11,064
Charge for year 8,298
At 30 November 2023 19,362
NET BOOK VALUE
At 30 November 2023 24,895
At 30 November 2022 33,193

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 33,914 10,015
Directors' current accounts 56,162 69,148
Prepayments 548 486
90,624 79,649

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 7,759 7,160
Trade creditors 40,914 39,935
Tax 17,278 10,705
Social security and other taxes 2,073 338
VAT 15,762 7,453
Other creditors 3,122 8,205
Accruals and deferred income 19,050 18,647
115,958 102,443

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,000 15,000
Hire purchase contracts 22,020 29,780
37,020 54,780

B.D.N. Construction Limited (Registered number: 04215550)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 7,005 8,304

Deferred
tax
£   
Balance at 1 December 2022 8,304
Credit to Statement of Income and Retained Earnings during year (1,299 )
Balance at 30 November 2023 7,005

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Mrs N Noble and Mr B D Noble
Balance outstanding at start of year 69,148 13,568
Amounts advanced 82,657 75,947
Amounts repaid (95,643 ) (20,367 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 56,162 69,148

Interest was charged on the directors' advances at HM Revenue & Customs official rate of 2% per annum to 5 April 2023 and 2.25% thereafter.

The outstanding advances were repaid within nine months of the year end.