Registered number
12388657
DKB Construction Ltd
Report and Accounts
31 January 2024
DKB Construction Ltd
Report to the director on the preparation of the unaudited statutory accounts of DKB Construction Ltd for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DKB Construction Ltd for the year ended 31 January 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Ltd
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
28 October 2024
DKB Construction Ltd
Registered number: 12388657
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 27,970 32,473
Current assets
Stocks 11,126 -
Debtors 4 36,097 70,942
Cash at bank and in hand 1,155 117
48,378 71,059
Creditors: amounts falling due within one year 5 (24,109) (52,051)
Net current assets 24,269 19,008
Total assets less current liabilities 52,239 51,481
Creditors: amounts falling due after more than one year 6 (13,413) (20,412)
Net assets 38,826 31,069
Capital and reserves
Called up share capital 2 2
Profit and loss account 38,824 31,067
Shareholders' funds 38,826 31,069
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Wilson
Director
Approved by the board on 28 October 2024
DKB Construction Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 February 2023 1,453 35,160 36,613
Additions 3,649 - 3,649
At 31 January 2024 5,102 35,160 40,262
Depreciation
At 1 February 2023 624 3,516 4,140
Charge for the year 1,120 7,032 8,152
At 31 January 2024 1,744 10,548 12,292
Net book value
At 31 January 2024 3,358 24,612 27,970
At 31 January 2023 829 31,644 32,473
4 Debtors 2024 2023
£ £
Trade debtors 14,204 30,079
Other debtors 21,893 40,863
36,097 70,942
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 6,998 6,998
Corporation tax 11,188 20,334
Other taxes and social security costs 4,176 8,030
Other creditors 1,747 16,689
24,109 52,051
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 13,413 20,411
7 Other information
DKB Construction Ltd is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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