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REGISTERED NUMBER: 01977007 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Days New Homes Limited

Days New Homes Limited (Registered number: 01977007)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Days New Homes Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A J Day
N S Day





REGISTERED OFFICE: Suite SE104E
Innovation Centre
Priorslee Campus
Telford
Shropshire
TF2 9FT





REGISTERED NUMBER: 01977007 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Days New Homes Limited (Registered number: 01977007)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 178,775 203,116

CURRENT ASSETS
Stocks 2,918,975 2,210,371
Debtors 5 40,213 79,273
Cash at bank and in hand 492,440 417,708
3,451,628 2,707,352
CREDITORS
Amounts falling due within one year 6 1,363,755 508,591
NET CURRENT ASSETS 2,087,873 2,198,761
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,266,648

2,401,877

CREDITORS
Amounts falling due after more than one
year

7

(24,872

)

(45,953

)

PROVISIONS FOR LIABILITIES (428,687 ) (453,806 )
NET ASSETS 1,813,089 1,902,118

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 1,812,089 1,901,118
SHAREHOLDERS' FUNDS 1,813,089 1,902,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Days New Homes Limited (Registered number: 01977007)

Balance Sheet - continued
31 December 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





A J Day - Director


Days New Homes Limited (Registered number: 01977007)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Days New Homes 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.

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Significant judgements and estimates
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.

Turnover
The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts.
Turnover from the provision of goods and services are recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

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 and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


Days New Homes Limited (Registered number: 01977007)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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
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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

Days New Homes Limited (Registered number: 01977007)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 289,298 39,572 155,795 484,665
Additions 196 - 21,190 21,386
Disposals (3,950 ) - (16,918 ) (20,868 )
At 31 December 2023 285,544 39,572 160,067 485,183
DEPRECIATION
At 1 January 2023 170,613 30,131 80,805 281,549
Charge for year 17,396 1,416 21,085 39,897
Eliminated on disposal (1,131 ) - (13,907 ) (15,038 )
At 31 December 2023 186,878 31,547 87,983 306,408
NET BOOK VALUE
At 31 December 2023 98,666 8,025 72,084 178,775
At 31 December 2022 118,685 9,441 74,990 203,116

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 90,550 53,000 143,550
Transfer to ownership (57,400 ) - (57,400 )
At 31 December 2023 33,150 53,000 86,150
DEPRECIATION
At 1 January 2023 35,988 9,938 45,926
Charge for year 2,042 10,766 12,808
Transfer to ownership (16,447 ) - (16,447 )
At 31 December 2023 21,583 20,704 42,287
NET BOOK VALUE
At 31 December 2023 11,567 32,296 43,863
At 31 December 2022 54,562 43,062 97,624

Days New Homes Limited (Registered number: 01977007)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,386 1,927
Directors' current accounts 16,666 17,706
Tax 13,224 31,040
VAT 370 28,318
Prepayments and accrued income 8,567 282
40,213 79,273

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,252 24,460
Hire purchase contracts 10,829 27,828
Trade creditors 70,463 101,587
Amounts owed to group undertakings 1,242 660
Corporation tax - 13,224
Social security and other taxes 2,744 -
Other creditors 1,255,590 328,800
Directors' current accounts 3,659 2,619
Accruals and deferred income 9,976 9,413
1,363,755 508,591

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 24,872 35,124
Hire purchase contracts - 10,829
24,872 45,953



8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft - 15,460
Bank loans 34,124 44,124
Hire purchase contracts 10,829 38,657
44,953 98,241

Days New Homes Limited (Registered number: 01977007)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company has made a short-term loan to a director. The amount outstanding at the year end was £16,666 (2022 - £17,706). The loan is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The ultimate parent undertaking is Zillacon Holdings Ltd, a company registered in England and Wales whose registered office is Suite Se104 E Innovation Centre University Of Wolverhampton, Telford Campus, Priorslee, Telford, Shropshire, United Kingdom, TF2 9FT.

12. OTHER PROVISIONS

Other provisions relate to potential rectification costs in respect of work carried out under contracts and other development building work. The company remains liable for the costs of such rectification for a period of up to 10 years following completion of the work. However, it is anticipated that most of the expenditure would be incurred within two to five years of the balance sheet date.