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REGISTERED NUMBER: 01332614 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

D.P. Builders Limited

D.P. Builders Limited (Registered number: 01332614)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D.P. Builders Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: E D Paterson
E I Paterson
D Paterson
J C Patterson
D Curtis
S Brydon





SECRETARY: T Taylor





REGISTERED OFFICE: Coquet Enterprise Park
Amble
Northumberland
NE65 0PE





REGISTERED NUMBER: 01332614 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

D.P. Builders Limited (Registered number: 01332614)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 490,888 520,559

CURRENT ASSETS
Stocks 1,758,261 1,301,328
Debtors 5 977,584 1,924,141
Prepayments and accrued income 10,083 9,225
Cash at bank 168,908 21,453
2,914,836 3,256,147
CREDITORS
Amounts falling due within one year 6 2,302,564 2,587,854
NET CURRENT ASSETS 612,272 668,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,103,160

1,188,852

CREDITORS
Amounts falling due after more than
one year

7

(2,380

)

-

PROVISIONS FOR LIABILITIES (110,694 ) (123,247 )
NET ASSETS 990,086 1,065,605

CAPITAL AND RESERVES
Called up share capital 8 30,102 30,102
Share premium 9 9,998 9,998
Retained earnings 9 949,986 1,025,505
SHAREHOLDERS' FUNDS 990,086 1,065,605

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 directors acknowledge their 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.P. Builders Limited (Registered number: 01332614)

Balance Sheet - 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 Board of Directors and authorised for issue on 6 November 2024 and were signed on its behalf by:





E D Paterson - Director


D.P. Builders Limited (Registered number: 01332614)

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

1. STATUTORY INFORMATION

D.P. 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.

Turnover
Turnover 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.
Improvements to property - 25% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 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 stocks 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 balance sheet date.


D.P. Builders Limited (Registered number: 01332614)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 5,062 1,058,029 22,567 673,136 1,758,794
Additions - 67,323 - 109,393 176,716
Disposals - (23,246 ) - (102,384 ) (125,630 )
At 31 March 2024 5,062 1,102,106 22,567 680,145 1,809,880
DEPRECIATION
At 1 April 2023 5,062 813,496 21,885 397,792 1,238,235
Charge for year - 73,891 102 89,569 163,562
Eliminated on disposal - (6,898 ) - (75,907 ) (82,805 )
At 31 March 2024 5,062 880,489 21,987 411,454 1,318,992
NET BOOK VALUE
At 31 March 2024 - 221,617 580 268,691 490,888
At 31 March 2023 - 244,533 682 275,344 520,559

D.P. Builders Limited (Registered number: 01332614)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 977,584 1,924,141

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 64,306
Hire purchase contracts 32,666 70,031
Trade creditors 664,405 899,414
Tax 59,203 38,134
Social security and other taxes 224,648 220,126
Other creditors 90,128 70,193
Directors' current accounts 316,611 249,416
Accruals and deferred income 914,903 976,234
2,302,564 2,587,854

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 2,380 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
30,070 A Ordinary £1 30,070 30,070
10 B Ordinary £1 10 10
10 C Ordinary £1 10 10
10 D Ordinary £1 10 10
1 E Ordinary £1 1 1
1 F Ordinary £1 1 1
30,102 30,102

D.P. Builders Limited (Registered number: 01332614)

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

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 April 2023 1,025,505 9,998 1,035,503
Profit for the year 137,921 137,921
Dividends (213,440 ) (213,440 )
At 31 March 2024 949,986 9,998 959,984