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REGISTERED NUMBER: 07165707 (England and Wales)















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

DAG Construction Limited

DAG Construction Limited (Registered number: 07165707)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAG Construction Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: Mr S M Jones





REGISTERED OFFICE: 4 Ger Y Coed
Clydach
Swansea
SA6 5EZ





REGISTERED NUMBER: 07165707 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

DAG Construction Limited (Registered number: 07165707)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,350 3,649

CURRENT ASSETS
Stocks 5 23,186 19,422
Debtors 6 - 4,092
Cash at bank 75,796 8,978
98,982 32,492
CREDITORS
Amounts falling due within one year 7 38,675 6,737
NET CURRENT ASSETS 60,307 25,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,657

29,404

CREDITORS
Amounts falling due after more than one
year

8

29,167

34,722
NET ASSETS/(LIABILITIES) 38,490 (5,318 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 38,489 (5,319 )
SHAREHOLDERS' FUNDS 38,490 (5,318 )

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 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.

DAG Construction Limited (Registered number: 07165707)

Balance Sheet - continued
29 February 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 26 November 2024 and were signed by:





Mr S M Jones - Director


DAG Construction Limited (Registered number: 07165707)

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

1. STATUTORY INFORMATION

DAG 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
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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

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

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.

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.

Going concern
The company continues to trade with the support of the director who does not envisage any going concern issues.

DAG Construction Limited (Registered number: 07165707)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 49,519 15,400 - 64,919
Additions 7,668 - 1,813 9,481
Disposals (49,519 ) (15,400 ) - (64,919 )
At 29 February 2024 7,668 - 1,813 9,481
DEPRECIATION
At 1 March 2023 45,870 15,400 - 61,270
Charge for year 2,263 - 598 2,861
Eliminated on disposal (46,600 ) (15,400 ) - (62,000 )
At 29 February 2024 1,533 - 598 2,131
NET BOOK VALUE
At 29 February 2024 6,135 - 1,215 7,350
At 28 February 2023 3,649 - - 3,649

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks 8,186 5,822
Work-in-progress 15,000 13,600
23,186 19,422

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Directors' current accounts - 4,092

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 2,774 -
Corporation tax 8,726 -
VAT 7,371 -
Company credit card 6,841 221
Directors' current accounts 5,007 -
Accrued expenses 2,400 960
38,675 6,737

DAG Construction Limited (Registered number: 07165707)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans 1-5 years 22,222 22,222
Bank loans >5 years 6,945 12,500
29,167 34,722

Amounts falling due in more than five years:

Repayable by instalments
Bank loans >5 years 6,945 12,500

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 March 2023 (5,319 )
Profit for the year 43,808
At 29 February 2024 38,489

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
Mr S M Jones
Balance outstanding at start of year 4,092 -
Amounts advanced - 4,092
Amounts repaid (9,099 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (5,007 ) 4,092

No interest has been charged on the overdrawn amounts. The balance on his account at 29 February 2024 was £5,007 in credit.

12. ULTIMATE CONTROLLING PARTY

Mr S M Jones is the ultimate controlling party by virtue of his holding all of the company's issued share capital.