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REGISTERED NUMBER: 06312978 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

D C N GROUNDWORKS LIMITED

D C N GROUNDWORKS LIMITED (REGISTERED NUMBER: 06312978)

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










Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5


D C N GROUNDWORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr D. C. Noton



REGISTERED OFFICE: 7 Brigsley Road
Waltham
GRIMSBY
DN37 0JX



REGISTERED NUMBER: 06312978 (England and Wales)



ACCOUNTANTS: Smethurst & Co LLP
12 Abbey Road
GRIMSBY
DN32 0HL



BANKERS: Barclays Bank plc
35 Victoria Street
GRIMSBY
DN31 1DE

D C N GROUNDWORKS LIMITED (REGISTERED NUMBER: 06312978)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 31 MARCH 2024


The director presents his report with the financial statements of the company for the year ended 31 March 2024.

DIRECTOR
Mr D. C. Noton held office during the whole of the period from 1 April 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr D. C. Noton - Director


7 October 2024

D C N GROUNDWORKS LIMITED (REGISTERED NUMBER: 06312978)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 131,122 167,937
131,122 167,937

CURRENT ASSETS
Stocks 6 35,125 36,000
Debtors 7 481,854 219,356
Cash at bank 117,742 134,951
634,721 390,307
CREDITORS
Amounts falling due within one year 8 196,813 88,225
NET CURRENT ASSETS 437,908 302,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

569,030

470,019

CREDITORS
Amounts falling due after more than one
year

9

(2,695

)

(6,587

)

PROVISIONS FOR LIABILITIES (32,780 ) (41,984 )
NET ASSETS 533,555 421,448

CAPITAL AND RESERVES
Allotted, called up and
fully paid share capital 100 100
Profit and loss account 533,455 421,348
533,555 421,448

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 director acknowledges his 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.

D C N GROUNDWORKS LIMITED (REGISTERED NUMBER: 06312978)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 October 2024 and were signed by:





Mr D. C. Noton - Director


D C N GROUNDWORKS LIMITED (REGISTERED NUMBER: 06312978)

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


1. STATUTORY INFORMATION

D C N Groundworks 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% Straight Line
Motor vehicles - 25% Straight Line
Computer equipment - 33% Straight Line

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 Statement of Income and Retained Earnings, 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
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.

D C N GROUNDWORKS LIMITED (REGISTERED NUMBER: 06312978)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 8,500
AMORTISATION
At 1 April 2023
and 31 March 2024 8,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 172,053 67,745 390 240,188
Additions 24,386 25,000 - 49,386
Disposals - (25,000 ) - (25,000 )
At 31 March 2024 196,439 67,745 390 264,574
DEPRECIATION
At 1 April 2023 44,472 27,389 390 72,251
Charge for year 44,265 16,936 - 61,201
At 31 March 2024 88,737 44,325 390 133,452
NET BOOK VALUE
At 31 March 2024 107,702 23,420 - 131,122
At 31 March 2023 127,581 40,356 - 167,937

D C N GROUNDWORKS LIMITED (REGISTERED NUMBER: 06312978)

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


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 41,345
Transfer to ownership (14,850 )
At 31 March 2024 26,495
DEPRECIATION
At 1 April 2023 19,216
Charge for year 6,624
Transfer to ownership (9,978 )
At 31 March 2024 15,862
NET BOOK VALUE
At 31 March 2024 10,633
At 31 March 2023 22,129

6. STOCKS
31.3.24 31.3.23
£    £   
Work-in-progress 35,125 36,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 131,000 (3,000 )
Other debtors 350,854 222,356
481,854 219,356

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 3,891 4,934
Trade creditors 73,783 25,429
Taxation and social security 115,001 53,719
Other creditors 4,138 4,143
196,813 88,225

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 2,695 6,587

D C N GROUNDWORKS LIMITED (REGISTERED NUMBER: 06312978)

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


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr D. C. Noton
Balance outstanding at start of year 124,344 62,454
Amounts advanced 69,678 61,890
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 194,022 124,344