D.G. Joinery & Building Contractors Ltd 07904677 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is that of joinery and building contractors Digita Accounts Production Advanced 6.30.9574.0 true true 07904677 2023-02-01 2024-01-31 07904677 2024-01-31 07904677 bus:OrdinaryShareClass2 2024-01-31 07904677 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-01-31 07904677 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-01-31 07904677 core:CurrentFinancialInstruments 2024-01-31 07904677 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 07904677 core:Non-currentFinancialInstruments 2024-01-31 07904677 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 07904677 core:MotorVehicles 2024-01-31 07904677 core:OfficeEquipment 2024-01-31 07904677 core:OtherPropertyPlantEquipment 2024-01-31 07904677 bus:SmallEntities 2023-02-01 2024-01-31 07904677 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07904677 bus:FilletedAccounts 2023-02-01 2024-01-31 07904677 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 07904677 bus:RegisteredOffice 2023-02-01 2024-01-31 07904677 bus:Director1 2023-02-01 2024-01-31 07904677 bus:OrdinaryShareClass2 2023-02-01 2024-01-31 07904677 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07904677 core:MotorVehicles 2023-02-01 2024-01-31 07904677 core:OfficeEquipment 2023-02-01 2024-01-31 07904677 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 07904677 core:PlantMachinery 2023-02-01 2024-01-31 07904677 countries:England 2023-02-01 2024-01-31 07904677 2023-01-31 07904677 core:MotorVehicles 2023-01-31 07904677 core:OfficeEquipment 2023-01-31 07904677 core:OtherPropertyPlantEquipment 2023-01-31 07904677 2022-02-01 2023-01-31 07904677 2023-01-31 07904677 bus:OrdinaryShareClass2 2023-01-31 07904677 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-01-31 07904677 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-01-31 07904677 core:CurrentFinancialInstruments 2023-01-31 07904677 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 07904677 core:Non-currentFinancialInstruments 2023-01-31 07904677 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 07904677 core:MotorVehicles 2023-01-31 07904677 core:OfficeEquipment 2023-01-31 07904677 core:OtherPropertyPlantEquipment 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07904677

D.G. Joinery & Building Contractors Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

D.G. Joinery & Building Contractors Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

D.G. Joinery & Building Contractors Ltd

Company Information

Director

Mr Dale Greenhalgh

Registered office

GMR Accountants,1st Floor
8 - 12 London Street
Southport
Merseyside
PR9 0UE

Accountants

GMR Accountants Ltd
1st Floor
8-12 London Street
Southport
Merseyside
PR9 0UE

 

D.G. Joinery & Building Contractors Ltd

(Registration number: 07904677)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

43,776

6,939

Current assets

 

Debtors

5

2,133,490

1,461,613

Cash at bank and in hand

 

570,042

375,373

 

2,703,532

1,836,986

Creditors: Amounts falling due within one year

6

(1,177,522)

(1,036,669)

Net current assets

 

1,526,010

800,317

Total assets less current liabilities

 

1,569,786

807,256

Creditors: Amounts falling due after more than one year

6

(68,320)

(99,377)

Net assets

 

1,501,466

707,879

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

1,501,366

707,779

Shareholders' funds

 

1,501,466

707,879

For the financial year ending 31 January 2024 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 October 2024
 

.........................................
Mr Dale Greenhalgh
Director

 

D.G. Joinery & Building Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
GMR Accountants,1st Floor
8 - 12 London Street
Southport
Merseyside
PR9 0UE
England

These financial statements were authorised for issue by the director on 15 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

D.G. Joinery & Building Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% straight line basis

Office equipment

20% straight line basis

Motor vehicles

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

D.G. Joinery & Building Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Office equipment
£

Motor vehicles
 £

Plant and machinery
 £

Total
£

Cost or valuation

At 1 February 2023

5,550

13,620

13,934

33,104

Additions

2,695

42,545

-

45,240

At 31 January 2024

8,245

56,165

13,934

78,344

Depreciation

At 1 February 2023

2,841

13,620

9,704

26,165

Charge for the year

1,081

6,382

940

8,403

At 31 January 2024

3,922

20,002

10,644

34,568

Carrying amount

At 31 January 2024

4,323

36,163

3,290

43,776

At 31 January 2023

2,709

-

4,230

6,939

5

Debtors

Current

2024
£

2023
£

Trade debtors

780,177

821,282

Other debtors

1,353,313

640,331

 

2,133,490

1,461,613

 

D.G. Joinery & Building Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

64,458

56,100

Trade creditors

 

447,462

507,809

Taxation and social security

 

641,945

470,978

Accruals and deferred income

 

1,782

1,782

Other creditors

 

21,875

-

 

1,177,522

1,036,669

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

68,320

99,377

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

41,287

99,377

Hire purchase contracts

27,033

-

68,320

99,377

Current loans and borrowings

2024
£

2023
£

Bank borrowings

56,100

56,100

Hire purchase contracts

8,358

-

64,458

56,100

 

D.G. Joinery & Building Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       
 

D.G. Joinery & Building Contractors Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

9

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

12,110

9,880

Directors' loan account

At the Year End the director owed £240,502 to the company.

Associated company

At the Year End the company was owed £1,026,641 (2023: £577,930) by RBG Properties & Lettings Ltd, a company controlled by Mr D Greenhalgh.