7 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 04990807 2023-01-01 2023-12-31 04990807 2023-12-31 04990807 2022-12-31 04990807 2022-01-01 2022-12-31 04990807 2022-12-31 04990807 2021-12-31 04990807 core:PlantMachinery 2023-01-01 2023-12-31 04990807 core:MotorVehicles 2023-01-01 2023-12-31 04990807 bus:Director1 2023-01-01 2023-12-31 04990807 core:PlantMachinery 2022-12-31 04990807 core:MotorVehicles 2022-12-31 04990807 core:PlantMachinery 2023-12-31 04990807 core:MotorVehicles 2023-12-31 04990807 core:WithinOneYear 2023-12-31 04990807 core:WithinOneYear 2022-12-31 04990807 core:AfterOneYear 2023-12-31 04990807 core:AfterOneYear 2022-12-31 04990807 core:ShareCapital 2023-12-31 04990807 core:ShareCapital 2022-12-31 04990807 core:RetainedEarningsAccumulatedLosses 2023-12-31 04990807 core:RetainedEarningsAccumulatedLosses 2022-12-31 04990807 core:BetweenOneFiveYears 2022-12-31 04990807 core:PlantMachinery 2022-12-31 04990807 core:MotorVehicles 2022-12-31 04990807 bus:SmallEntities 2023-01-01 2023-12-31 04990807 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04990807 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04990807 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04990807 bus:FullAccounts 2023-01-01 2023-12-31 04990807 core:OfficeEquipment 2023-01-01 2023-12-31 04990807 core:OfficeEquipment 2023-12-31 04990807 core:OfficeEquipment 2022-12-31
COMPANY REGISTRATION NUMBER: 04990807
D C Builders (Pontefract) Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2023
D C Builders (Pontefract) Limited
Balance Sheet
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
11,419
14,643
Current assets
Stocks
120,000
122,200
Debtors
6
48,903
30,877
Cash at bank and in hand
285,218
399,805
---------
---------
454,121
552,882
Creditors: amounts falling due within one year
7
55,985
100,192
---------
---------
Net current assets
398,136
452,690
---------
---------
Total assets less current liabilities
409,555
467,333
Creditors: amounts falling due after more than one year
8
22,500
32,500
Provisions
2,608
3,221
---------
---------
Net assets
384,447
431,612
---------
---------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
383,447
430,612
---------
---------
Shareholders funds
384,447
431,612
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
D C Builders (Pontefract) Limited
Balance Sheet (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 11 September 2024 , and are signed on behalf of the board by:
Mr D J Close
Director
Company registration number: 04990807
D C Builders (Pontefract) Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 New Park View, Pontefract, West Yorkshire, WF8 4RZ, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.
Revenue recognition
Turnover comprises the sales value net of attributable VAT of work done in the period under contracts to supply goods and services to third parties.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
15% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Defined contribution plans
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2022: 4 ).
5. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 January 2023 and 31 December 2023
17,052
22,500
2,385
41,937
--------
--------
-------
--------
Depreciation
At 1 January 2023
12,679
12,743
1,872
27,294
Charge for the year
656
2,439
129
3,224
--------
--------
-------
--------
At 31 December 2023
13,335
15,182
2,001
30,518
--------
--------
-------
--------
Carrying amount
At 31 December 2023
3,717
7,318
384
11,419
--------
--------
-------
--------
At 31 December 2022
4,373
9,757
513
14,643
--------
--------
-------
--------
6. Debtors
2023
2022
£
£
Trade debtors
25,000
Other debtors
23,903
30,877
--------
--------
48,903
30,877
--------
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,000
10,000
Corporation tax
152
23,243
Social security and other taxes
19,478
34,549
Other creditors
26,355
32,400
--------
---------
55,985
100,192
--------
---------
Included in 'Other Creditors' is an amount of £23,578 (2022: £29,578) owing to the director. The amount is unsecured, interest free and repayable on demand.
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
22,500
32,500
--------
--------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2023
2022
£
£
Not later than 1 year
2,624
Later than 1 year and not later than 5 years
6,887
-------
-------
2,624
6,887
-------
-------
10. Director's advances, credits and guarantees
There are no transactions with the director that require disclosure under section 413 of the Companies Act 2006.