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REGISTERED NUMBER: 04370381 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

D Simpson Builders Limited

D Simpson Builders Limited (Registered number: 04370381)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


D Simpson Builders Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: D P Simpson





REGISTERED OFFICE: Shadwell House
65 Lower Green Road
Rusthall
Tunbridge Wells
Kent
TN4 8TW





REGISTERED NUMBER: 04370381 (England and Wales)





ACCOUNTANTS: Peter Hodgson & Co.
Chartered Accountants
Shadwell House
65 Lower Green Road
Tunbridge Wells
Kent
TN4 8TW

D Simpson Builders Limited (Registered number: 04370381)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 4,881 6,536

CURRENT ASSETS
Inventories 10,000 10,000
Debtors 5 51,714 50,714
Cash at bank - 5,624
61,714 66,338
CREDITORS
Amounts falling due within one year 6 56,913 58,277
NET CURRENT ASSETS 4,801 8,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,682

14,597

CREDITORS
Amounts falling due after more than one
year

7

6,836

12,637
NET ASSETS 2,846 1,960

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 8 2,843 1,957
SHAREHOLDERS' FUNDS 2,846 1,960

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 Simpson Builders Limited (Registered number: 04370381)

Statement of Financial Position - 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2024 and were signed by:





D P Simpson - Director


D Simpson Builders Limited (Registered number: 04370381)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

D Simpson Builders 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.

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.

Significant judgements and estimates
There are no significant judgements or estimates pertaining to these accounts that the directors feel need to be brought to the attention of users of these accounts.

Turnover
Revenue 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Financial instruments
Basic financial instruments comprising debtors, bank and cash balances are recorded at fair value.

D Simpson Builders Limited (Registered number: 04370381)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Functional currency
The functional currency used by the company is £ Sterling.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 11,885 21,000 3,923 36,808
DEPRECIATION
At 1 April 2023 10,355 16,021 3,896 30,272
Charge for year 383 1,245 27 1,655
At 31 March 2024 10,738 17,266 3,923 31,927
NET BOOK VALUE
At 31 March 2024 1,147 3,734 - 4,881
At 31 March 2023 1,530 4,979 27 6,536

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 14,312 13,474
Directors' current accounts 37,402 37,240
51,714 50,714

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,168 -
Trade creditors 26,967 22,130
Tax 13,120 13,002
VAT 2,755 12,444
Government Loan 6,600 6,600
Social security & other tax 1,093 1,891
Accrued expenses 2,210 2,210
56,913 58,277

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Government loan 6,836 12,637

D Simpson Builders Limited (Registered number: 04370381)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. RESERVES
Retained
earnings
£   

At 1 April 2023 1,957
Profit for the year 48,886
Dividends (48,000 )
At 31 March 2024 2,843