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REGISTERED NUMBER: 08916975 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Darmel Construction Limited

Darmel Construction Limited (Registered number: 08916975)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Darmel Construction Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr D S Parry
Mr K Trippier





REGISTERED OFFICE: 10 Spring Vale Street
Tottington
Bury
Lancashire
BL8 3LR





REGISTERED NUMBER: 08916975 (England and Wales)





ACCOUNTANTS: Versatile Accountancy Services Ltd
The Old Printworks
65 Church Street
Littleborough
Lancashire
OL15 8AB

Darmel Construction Limited (Registered number: 08916975)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,900 5,390
Property, plant and equipment 5 349,459 360,161
354,359 365,551

CURRENT ASSETS
Inventories 6 - 4,500
Debtors 7 541,062 628,538
Cash at bank and in hand 71,901 10,498
612,963 643,536
CREDITORS
Amounts falling due within one year 8 257,123 256,795
NET CURRENT ASSETS 355,840 386,741
TOTAL ASSETS LESS CURRENT
LIABILITIES

710,199

752,292

CREDITORS
Amounts falling due after more than
one year

9

(182,013

)

(254,588

)

PROVISIONS FOR LIABILITIES 10 (53,529 ) (53,633 )
NET ASSETS 474,657 444,071

Darmel Construction Limited (Registered number: 08916975)

Statement of Financial Position - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 10 10
Retained earnings 12 474,647 444,061
SHAREHOLDERS' FUNDS 474,657 444,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





Mr D S Parry - Director


Darmel Construction Limited (Registered number: 08916975)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Darmel Construction 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Darmel Construction Limited (Registered number: 08916975)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

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 7 (2023 - 10 ) .

Darmel Construction Limited (Registered number: 08916975)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 9,800
AMORTISATION
At 1 March 2023 4,410
Amortisation for year 490
At 29 February 2024 4,900
NET BOOK VALUE
At 29 February 2024 4,900
At 28 February 2023 5,390

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2023 113,163 206,582 9,524
Additions - 4,123 -
At 29 February 2024 113,163 210,705 9,524
DEPRECIATION
At 1 March 2023 - 104,496 5,187
Charge for year - 12,464 633
At 29 February 2024 - 116,960 5,820
NET BOOK VALUE
At 29 February 2024 113,163 93,745 3,704
At 28 February 2023 113,163 102,086 4,337

Darmel Construction Limited (Registered number: 08916975)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. PROPERTY, PLANT AND EQUIPMENT - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2023 220,131 11,956 561,356
Additions 19,995 560 24,678
At 29 February 2024 240,126 12,516 586,034
DEPRECIATION
At 1 March 2023 85,585 5,927 201,195
Charge for year 21,345 938 35,380
At 29 February 2024 106,930 6,865 236,575
NET BOOK VALUE
At 29 February 2024 133,196 5,651 349,459
At 28 February 2023 134,546 6,029 360,161

6. INVENTORIES
29.2.24 28.2.23
£    £   
Stocks - 4,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
29.2.24 28.2.23
£    £   
Trade debtors 434,710 505,567
Amounts owed by associates 26,701 25,437
Other debtors - 2,025
Directors' loan accounts - 56,664
VAT 79,651 38,845
541,062 628,538

Darmel Construction Limited (Registered number: 08916975)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
29.2.24 28.2.23
£    £   
Trade creditors 220,112 258,468
Tax 42,411 34,529
Social security and other taxes (17,437 ) (69,015 )
Pension Fund 457 355
Other creditors 28 -
Directors' loan accounts 139 1,543
Accrued expenses 11,413 30,915
257,123 256,795

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
29.2.24 28.2.23
£    £   
CBILS Loan 130,000 170,000
Hire purchase contracts 52,013 84,588
182,013 254,588

10. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 53,529 53,633

Deferred
tax
£   
Balance at 1 March 2023 53,633
Provided during year (104 )
Balance at 29 February 2024 53,529

Darmel Construction Limited (Registered number: 08916975)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
10 Ordinary 1.00 10 10

12. RESERVES
Retained
earnings
£   

At 1 March 2023 444,061
Profit for the year 46,256
Dividends (15,670 )
At 29 February 2024 474,647