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Registration number: 06550586

Denton Contractors Groundworks Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Denton Contractors Groundworks Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Denton Contractors Groundworks Limited

Company Information

Directors

Mr P Adair

Mr M Adair

Company secretary

Mr M Adair

Registered office

Unit 5, Jupiter House
Calleva Park
Aldermaston
Reading
Berkshire
RG7 8NN

Accountants

Matthews Hanton Limited
Chartered Certified Accountants
93 Aldwick Road
Bognor Regis
West Sussex
PO21 2NW

 

Denton Contractors Groundworks Limited

(Registration number: 06550586)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

565,075

466,830

Current assets

 

Debtors

5

1,093,455

802,329

Cash at bank and in hand

 

1,670,307

1,320,488

 

2,763,762

2,122,817

Creditors: Amounts falling due within one year

6

(200,322)

(281,530)

Net current assets

 

2,563,440

1,841,287

Net assets

 

3,128,515

2,308,117

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

3,128,513

2,308,115

Shareholders' funds

 

3,128,515

2,308,117

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 October 2024 and signed on its behalf by:
 

.........................................
Mr P Adair
Director

 

Denton Contractors Groundworks Limited

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

1

General information

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

The address of its registered office is:
Unit 5, Jupiter House
Calleva Park
Aldermaston
Reading
Berkshire
RG7 8NN
England

These financial statements were authorised for issue by the Board on 18 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.

 

Denton Contractors Groundworks Limited

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

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.

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, machinery and vehicles
Land and buildings

25% reducing balance
Nil

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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

 

Denton Contractors Groundworks Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 18 (2023 - 19).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Cost or valuation

At 1 June 2023

162,840

10,627

258,570

318,727

Additions

-

2,490

167,261

66,879

Disposals

-

-

-

(29,166)

At 31 May 2024

162,840

13,117

425,831

356,440

Depreciation

At 1 June 2023

-

7,903

70,649

205,382

Charge for the year

-

1,304

88,796

43,986

Eliminated on disposal

-

-

-

(24,867)

At 31 May 2024

-

9,207

159,445

224,501

Carrying amount

At 31 May 2024

162,840

3,910

266,386

131,939

At 31 May 2023

162,840

2,724

187,921

113,345

 

Denton Contractors Groundworks Limited

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

Total
£

Cost or valuation

At 1 June 2023

750,764

Additions

236,630

Disposals

(29,166)

At 31 May 2024

958,228

Depreciation

At 1 June 2023

283,934

Charge for the year

134,086

Eliminated on disposal

(24,867)

At 31 May 2024

393,153

Carrying amount

At 31 May 2024

565,075

At 31 May 2023

466,830

Included within the net book value of land and buildings above is £162,840 (2023 - £162,840) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

698,734

440,583

Other debtors

394,721

361,746

 

1,093,455

802,329

 

Denton Contractors Groundworks Limited

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

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

82,978

61,378

Taxation and social security

112,497

215,351

Accruals and deferred income

1,200

1,000

Other creditors

3,647

3,801

200,322

281,530

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

8

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £57,352.00 (2023 - £59,684.00) per each Ordinary

114,704

119,368

 

 
 

Denton Contractors Groundworks Limited

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

9

Related party transactions

Included within debtors are amounts totalling £325,001 for loans made to Denton Property Services Limited during the year. This company is a company that is also owned by the Director and shareholder of the company.

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

24,083

17,764

Loans to related parties

2024

Associates
£

Total
£

At start of period

325,001

325,001

Repaid

9,600

9,600

At end of period

334,601

334,601

2023

Associates
£

Total
£

Advanced

325,001

325,001

At end of period

325,001

325,001