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REGISTERED NUMBER: 02764465 (England and Wales)










David J. Powell Surveys Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






David J. Powell Surveys Limited (Registered number: 02764465)






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


David J. Powell Surveys Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs H Stephens
Mr D J Powell
Mr J Mann





SECRETARY: Mrs H Stephens





REGISTERED OFFICE: Archstone House
1 Pullman Way
Ringwood
Hampshire
BH24 1HD





REGISTERED NUMBER: 02764465 (England and Wales)

David J. Powell Surveys Limited (Registered number: 02764465)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 6,498 8,166
Investments 6 2,000 2,000
8,498 10,166

CURRENT ASSETS
Debtors 7 75,124 76,806
Cash at bank 196,671 207,470
271,795 284,276
CREDITORS
Amounts falling due within one year 8 (84,262 ) (99,742 )
NET CURRENT ASSETS 187,533 184,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,031

194,700

PROVISIONS FOR LIABILITIES (1,624 ) (2,041 )
NET ASSETS 194,407 192,659

CAPITAL AND RESERVES
Called up share capital 150 150
Capital redemption reserve 10 10
Retained earnings 194,247 192,499
194,407 192,659

David J. Powell Surveys Limited (Registered number: 02764465)

Balance Sheet - continued
31 March 2024


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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





Mr D J Powell - Director


David J. Powell Surveys Limited (Registered number: 02764465)

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

1. GENERAL INFORMATION

David J. Powell Surveys 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. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

3. ACCOUNTING POLICIES

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.

The company's functional and presentational currency is pound sterling.

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.

GOING CONCERN
The financial statements have been prepared on a going concern basis.

TANGIBLE ASSETS
Tangible assets are stated in the statement of financial position 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 classDepreciation method and rate
Fixtures and fittings25% straight line basis
Office equipment25% straight line basis
Plant and machinery25% straight line basis

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


David J. Powell Surveys Limited (Registered number: 02764465)

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

3. 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.

LEASES
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract.

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 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.

David J. Powell Surveys Limited (Registered number: 02764465)

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

3. ACCOUNTING POLICIES - continued

BORROWINGS
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

David J. Powell Surveys Limited (Registered number: 02764465)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 53,535 56,043 105,571 215,149
Additions - - 1,299 1,299
At 31 March 2024 53,535 56,043 106,870 216,448
DEPRECIATION
At 1 April 2023 53,535 56,043 97,405 206,983
Charge for year - - 2,967 2,967
At 31 March 2024 53,535 56,043 100,372 209,950
NET BOOK VALUE
At 31 March 2024 - - 6,498 6,498
At 31 March 2023 - - 8,166 8,166

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investments in subsidiaries 2,000 2,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Boundary Watch Limited
Registered office: Archstone House, 1 Pullman Way, Ringwood England, BH24 1HD
Nature of business:
%
Class of shares: holding
ORDINARY 100.00

The principal activity of Boundary Watch Limited is dormant.

The profit for the financial period of Boundary Watch Limited was £nil and the aggregate amount of capital and reserves at the end of the period was £1,222 .

David J. Powell Surveys Limited (Registered number: 02764465)

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

6. FIXED ASSET INVESTMENTS - continued

Subsidiaries £   

Cost or valuation
At 1 April 2022 2,000
Provision

Carrying amount
At 31 March 2023 2,000
At 31 March 2022 2,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,235 64,675
Amounts owed by group undertakings 199 199
Other debtors 6,425 6,425
Prepayments 6,265 5,507
75,124 76,806

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,769 18,820
Corporation tax liability 23,307 20,987
Social security and other tax 6,922 7,265
VAT control account 29,001 36,490
Other creditors 8,219 8,813
Accruals and deferred income 5,044 7,367
84,262 99,742

9. DIVIDENDS

2024 2023
£    £   
Interim dividend 75,858 91,648