1 April 2023 false No description of principal activity Taxfiler 2024.6 12945119business:PrivateLimitedCompanyLtd2023-04-012024-03-31 129451192023-03-31 129451192023-04-012024-03-31 12945119business:AuditExemptWithAccountantsReport2023-04-012024-03-31 12945119business:FilletedAccounts2023-04-012024-03-31 129451192024-03-31 12945119business:Director22023-04-012024-03-31 12945119business:RegisteredOffice2023-04-012024-03-31 129451192023-03-31 12945119core:WithinOneYear2024-03-31 12945119core:WithinOneYear2023-03-31 12945119core:AfterOneYear2024-03-31 12945119core:AfterOneYear2023-03-31 12945119core:SharePremiumcore:PreviouslyStatedAmount2024-03-31 12945119core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 12945119core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 12945119core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 12945119core:PreviouslyStatedAmount2024-03-31 12945119core:PreviouslyStatedAmount2023-03-31 12945119business:SmallEntities2023-04-012024-03-31 12945119countries:EnglandWales2023-04-012024-03-31 12945119core:PlantMachinery2023-04-012024-03-31 12945119core:MotorVehicles2023-04-012024-03-31 12945119core:ComputerEquipment2023-04-012024-03-31 12945119core:MotorVehicles2023-03-31 12945119core:ComputerEquipment2023-03-31 12945119core:MotorVehicles2024-03-31 12945119core:ComputerEquipment2024-03-31 129451192022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 12945119 (England and Wales)
Daku Construction Ltd Unaudited accounts for the year ended 31 March 2024
Daku Construction Ltd Unaudited accounts Contents
Page
- 2 -
Daku Construction Ltd Company Information for the year ended 31 March 2024
Director
M Daku
Company Number
12945119 (England and Wales)
Registered Office
7 Bell Yard London London WC2A 2JR England
Accountants
Valuemaven Business Services (UK) Limited 7 Lita Mews Romford London RM1 3FG
- 3 -
Daku Construction Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
20,180 
14,154 
Current assets
Debtors
168,945 
63,495 
Cash at bank and in hand
54,972 
28,932 
223,917 
92,427 
Creditors: amounts falling due within one year
(169,788)
(46,210)
Net current assets
54,129 
46,217 
Total assets less current liabilities
74,309 
60,371 
Creditors: amounts falling due after more than one year
(2,582)
(4,414)
Net assets
71,727 
55,957 
Capital and reserves
Share premium
10 
10 
Profit and loss account
71,717 
55,947 
Shareholders' funds
71,727 
55,957 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 January 2025 and were signed on its behalf by
M Daku Director Company Registration No. 12945119
- 4 -
Daku Construction Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Daku Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 12945119. The registered office is 7 Bell Yard, London, London, WC2A 2JR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Computer equipment
25% Straight Line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 5 -
Daku Construction Ltd Notes to the Accounts for the year ended 31 March 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
17,589 
4,811 
22,400 
Additions
15,500 
- 
15,500 
At 31 March 2024
33,089 
4,811 
37,900 
Depreciation
At 1 April 2023
7,044 
1,202 
8,246 
Charge for the year
8,272 
1,202 
9,474 
At 31 March 2024
15,316 
2,404 
17,720 
Net book value
At 31 March 2024
17,773 
2,407 
20,180 
At 31 March 2023
10,545 
3,609 
14,154 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,781 
- 
Trade debtors
167,164 
25,805 
Other debtors
- 
37,690 
168,945 
63,495 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
2,456 
2,456 
Trade creditors
100,491 
23,009 
Taxes and social security
40,137 
17,889 
Other creditors
- 
1,356 
Loans from directors
24,954 
- 
Accruals
1,750 
1,500 
169,788 
46,210 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
2,582 
4,414 
- 6 -
Daku Construction Ltd Notes to the Accounts for the year ended 31 March 2024
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 7 -