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REGISTERED NUMBER: 04332054 (England and Wales)














Financial Statements for the Year Ended 30 November 2023

for

Dacorum Contracts Limited

Dacorum Contracts Limited (Registered number: 04332054)






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


Dacorum Contracts Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs D M Wilson
Mr S J Wilson





REGISTERED OFFICE: Unit 14
Avebury Court
Mark Road
Hemel Hempstead
Hertfordshire
HP2 7TA





REGISTERED NUMBER: 04332054 (England and Wales)





ACCOUNTANTS: Farrell & Co
1C Amberside
Wood Lane
Hemel Hempstead
Hertfordshire
HP2 4TP

Dacorum Contracts Limited (Registered number: 04332054)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,269 79,234
Investments 5 110,124 110,124
183,393 189,358

CURRENT ASSETS
Stocks 45,218 174,255
Debtors 6 991,257 953,412
Cash at bank and in hand 832,093 671,490
1,868,568 1,799,157
CREDITORS
Amounts falling due within one year 7 554,586 469,499
NET CURRENT ASSETS 1,313,982 1,329,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,497,375

1,519,016

CREDITORS
Amounts falling due after more than one year 8 (4,457 ) (13,171 )

PROVISIONS FOR LIABILITIES (16,116 ) (14,890 )
NET ASSETS 1,476,802 1,490,955

CAPITAL AND RESERVES
Called up share capital 9 7 7
Retained earnings 10 1,476,795 1,490,948
SHAREHOLDERS' FUNDS 1,476,802 1,490,955

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.

Dacorum Contracts Limited (Registered number: 04332054)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





Mr S J Wilson - Director


Dacorum Contracts Limited (Registered number: 04332054)

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

1. STATUTORY INFORMATION

Dacorum Contracts 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Dacorum Contracts Limited (Registered number: 04332054)

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

2. ACCOUNTING POLICIES - continued

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 10 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 131,920 19,845 26,986 27,985 206,736
Additions - 13,037 - 5,420 18,457
At 30 November 2023 131,920 32,882 26,986 33,405 225,193
DEPRECIATION
At 1 December 2022 65,663 12,093 25,057 24,689 127,502
Charge for year 16,565 5,197 482 2,178 24,422
At 30 November 2023 82,228 17,290 25,539 26,867 151,924
NET BOOK VALUE
At 30 November 2023 49,692 15,592 1,447 6,538 73,269
At 30 November 2022 66,257 7,752 1,929 3,296 79,234

5. FIXED ASSET INVESTMENTS

Unlisted investments are stated at historical cost and reviewed annually for impairment.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 9
Other debtors 991,257 953,403
991,257 953,412

Dacorum Contracts Limited (Registered number: 04332054)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 54,751 -
Hire purchase contracts 8,715 8,326
Trade creditors 419,413 384,151
Taxation and social security 46,512 44,610
Other creditors 25,195 32,412
554,586 469,499

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 4,457 13,171

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
2 Ordinary £1 2 2
1 Ordianary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
1 Ordinary F £1 1 1
7 7

10. RESERVES
Retained
earnings
£   

At 1 December 2022 1,490,948
Profit for the year 95,347
Dividends (109,500 )
At 30 November 2023 1,476,795

11. RELATED PARTY DISCLOSURES

During the year ended 30 November 2011 the Company entered into a property investment partnership jointly with the director and shareholder of the Company. The property is the place from which the Company operates its principal trade. The net income from the partnership is wholly attributable to the Company. This amounted to £34,181 (2022: £36,177). The balance outstanding at the year end is £181,332 (2022: £147,151) and is included in other debtors on the balance sheet.