Registered number
09975012
D & S Contracts (NE) Ltd
Filleted Accounts
31 October 2023
D & S Contracts (NE) Ltd
Registered number: 09975012
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 24,518 32,147
Current assets
Debtors 4 62,276 68,252
Cash at bank and in hand 35,850 122,782
98,126 191,034
Creditors: amounts falling due within one year 5 (114,928) (169,248)
Net current (liabilities)/assets (16,802) 21,786
Total assets less current liabilities 7,716 53,933
Provisions for liabilities (4,658) (6,108)
Net assets 3,058 47,825
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,958 47,725
Shareholders' funds 3,058 47,825
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.
Sean Dunn
Director
Approved by the board on 31 October 2024
D & S Contracts (NE) Ltd
Notes to the Accounts
for the year ended 31 October 2023
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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any forseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
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 November 2022 9,213 96,803 106,016
Additions 219 - 219
At 31 October 2023 9,432 96,803 106,235
Depreciation
At 1 November 2022 4,575 69,294 73,869
Charge for the year 971 6,877 7,848
At 31 October 2023 5,546 76,171 81,717
Net book value
At 31 October 2023 3,886 20,632 24,518
At 31 October 2022 4,638 27,509 32,147
4 Debtors 2023 2022
£ £
Trade debtors 13,825 19,801
Other debtors including inter company 48,451 48,451
62,276 68,252
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 25,535 46,979
Other taxes and social security costs 58,644 91,676
Other creditors including director's loan account 30,749 30,593
114,928 169,248
6 Other information
D & S Contracts (NE) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
31 Kirkstone Avenue
Fulwell
Sunderland
Tyne and Wear
SR5 1NH
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