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Registered number: 11194808

Dacre Construction Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024

Prepared By:
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Dacre Construction Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
DIRECTORS
C F G Chamberlain
G B E Chamberlain
R J Chamberlain
Miss R L Chamberlain
T Chamberlain
REGISTERED OFFICE
6 Brunswick Street
Carlisle
Cumbria
CA11PN
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11194808
BANKERS
Lloyds Bank Plc
ACCOUNTANTS
N B Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Dacre Construction Limited

ACCOUNTS
FOR THEYEARENDED28/02/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Dacre Construction Limited

BALANCE SHEET AT 28/02/2024
20242023
Notes££
CURRENT ASSETS
Stock1,984,2781,145,000
Debtors447,18233,404
Cash at bank and in hand79,762961,376
2,111,2222,139,780
CREDITORS: Amounts falling due within one year51,861,4521,864,053
NET CURRENT ASSETS249,770275,727
TOTAL ASSETS LESS CURRENT LIABILITIES249,770275,727
CAPITAL AND RESERVES
Called up share capital63230
Profit and loss account249,738275,697
SHAREHOLDERS' FUNDS249,770275,727
For the year ending 28/02/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12/09/2024 and signed on their behalf by
.............................
C F G Chamberlain
Director

Dacre Construction Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1c. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
2. EMPLOYEES
20242023
No.No.
Average number of employees--

Dacre Construction Limited

3. STOCK 20242023
££
Stock comprises:
Work in progress1,984,2781,145,000
1,984,2781,145,000
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors5,0005,000
UK corporation tax1,398-
VAT21,2239,370
Other debtors19,56119,034
47,18233,404
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax-63,116
Trade creditors41,51867,653
Accruals900750
Deferred income-13,500
Amounts due to group companies1,819,0341,719,034
1,861,4521,864,053
6. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
30 A Ordinary shares of £1 each3030
1 B Ordinary shares of £1 each1
1 C Ordinary shares of £1 each1
3230
New shares issued during period:
1 B Ordinary shares of £1 each1
1 C Ordinary shares of £1 each1
2-

Dacre Construction Limited

7. RELATED PARTY TRANSACTIONS
No remuneration was paid to the directors during the year (2023 - £Nil).
Dividends of £20,000 were paid to certain directors during the year (2023 - £Nil).