IRIS Accounts Production v24.2.0.383 00657200 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh006572002023-03-31006572002024-03-31006572002023-04-012024-03-31006572002022-03-31006572002022-04-012023-03-31006572002023-03-3100657200ns15:EnglandWales2023-04-012024-03-3100657200ns14:PoundSterling2023-04-012024-03-3100657200ns10:Director12023-04-012024-03-3100657200ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3100657200ns10:SmallEntities2023-04-012024-03-3100657200ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3100657200ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3100657200ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3100657200ns10:FullAccounts2023-04-012024-03-3100657200ns10:OrdinaryShareClass12023-04-012024-03-3100657200ns10:Director22023-04-012024-03-3100657200ns10:CompanySecretary12023-04-012024-03-3100657200ns10:RegisteredOffice2023-04-012024-03-3100657200ns5:CurrentFinancialInstruments2024-03-3100657200ns5:CurrentFinancialInstruments2023-03-3100657200ns5:ShareCapital2024-03-3100657200ns5:ShareCapital2023-03-3100657200ns5:RetainedEarningsAccumulatedLosses2024-03-3100657200ns5:RetainedEarningsAccumulatedLosses2023-03-3100657200ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-3100657200ns5:FurnitureFittings2023-04-012024-03-3100657200ns5:MotorVehicles2023-04-012024-03-3100657200ns5:LandBuildings2023-03-3100657200ns5:FurnitureFittings2023-03-3100657200ns5:MotorVehicles2023-03-3100657200ns5:LandBuildings2023-04-012024-03-3100657200ns5:LandBuildings2024-03-3100657200ns5:FurnitureFittings2024-03-3100657200ns5:MotorVehicles2024-03-3100657200ns5:LandBuildings2023-03-3100657200ns5:FurnitureFittings2023-03-3100657200ns5:MotorVehicles2023-03-3100657200ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3100657200ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3100657200ns5:AcceleratedTaxDepreciationDeferredTax2024-03-3100657200ns5:AcceleratedTaxDepreciationDeferredTax2023-03-3100657200ns5:DeferredTaxation2023-04-012024-03-3100657200ns5:DeferredTaxation2024-03-3100657200ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 00657200 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DINAS BUILDING COMPANY LIMITED

DINAS BUILDING COMPANY LIMITED (REGISTERED NUMBER: 00657200)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DINAS BUILDING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J C Morton
R C Morton





SECRETARY: J A Morton





REGISTERED OFFICE: High Street
Pentwynmawr
Newbridge
Newport
NP11 4HN





REGISTERED NUMBER: 00657200 (England and Wales)





ACCOUNTANTS: Graham Paul Limited
Court House
Court Road
Bridgend
CF31 1BE

DINAS BUILDING COMPANY LIMITED (REGISTERED NUMBER: 00657200)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,875 33,264

CURRENT ASSETS
Stocks 1,500 2,700
Debtors 5 229,089 122,248
Cash and cash equivalents 602,070 502,047
832,659 626,995
CREDITORS
Amounts falling due within one year 6 168,321 102,540
NET CURRENT ASSETS 664,338 524,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

700,213

557,719

PROVISIONS FOR LIABILITIES 7 4,594 -
NET ASSETS 695,619 557,719

CAPITAL AND RESERVES
Called up share capital 8 1,500 1,500
Retained earnings 694,119 556,219
SHAREHOLDERS' FUNDS 695,619 557,719

DINAS BUILDING COMPANY LIMITED (REGISTERED NUMBER: 00657200)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 3 September 2024 and were signed on its behalf by:





J C Morton - Director


DINAS BUILDING COMPANY LIMITED (REGISTERED NUMBER: 00657200)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Dinas Building Company 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 March 2024 are the first that are prepared in accordance with FRS 102 Section 1A. The previous financial statements were prepared in accordance with FRS 105, the date of transition to FRS 102 Section 1A is 1 April 2022.

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

Income is recognised when the services have been provided and the right to consideration earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold land and buildings - are not depreciated
Fixtures and equipment - 15% on reducing balance
Motor vehicles - 33% on reducing balance

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

Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.

Net realisable value comprises the actual or estimated selling price less all further costs to completion or to be incurred in marketing and selling.

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 statement of financial position date.


DINAS BUILDING COMPANY LIMITED (REGISTERED NUMBER: 00657200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates an auto-enrolment 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 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and and Motor
buildings equipment vehicles Totals
£    £    £    £   
COST
At 1 April 2023 17,500 15,249 33,690 66,439
Additions - - 10,995 10,995
Disposals - - (15,300 ) (15,300 )
At 31 March 2024 17,500 15,249 29,385 62,134
DEPRECIATION
At 1 April 2023 - 14,523 18,652 33,175
Charge for year - 109 5,672 5,781
Eliminated on disposal - - (12,697 ) (12,697 )
At 31 March 2024 - 14,632 11,627 26,259
NET BOOK VALUE
At 31 March 2024 17,500 617 17,758 35,875
At 31 March 2023 17,500 726 15,038 33,264

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 228,115 121,026
Prepayments 974 1,222
229,089 122,248

DINAS BUILDING COMPANY LIMITED (REGISTERED NUMBER: 00657200)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 79,819 56,046
Corporation tax 45,280 21,251
PAYE and CIS due 4,142 2,601
Pension 317 279
VAT liability 25,266 8,937
Directors' loan accounts 9,599 9,469
Accruals 3,898 3,957
168,321 102,540

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 4,594 -

Deferred
tax
£   
Provided during year 4,594
Balance at 31 March 2024 4,594

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,500 Ordinary £1 1,500 1,500

9. RELATED PARTY DISCLOSURES

The directors operate a loan account with the company which is included within Creditors due within 1 year. Amounts to/from related parties are interest free.

10. FIRST YEAR ADOPTION
1.4.22 31.3.2 3
£    £   
Equity as reported under FRS 105 460,451 557,719
Equity as restated under FRS 102 460,451 557,719