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REGISTERED NUMBER: 08503346 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2024

for

DKAN Groundworks Limited

DKAN Groundworks Limited (Registered number: 08503346)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DKAN Groundworks Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D.W.E. Dalton
Mrs K. Dalton





REGISTERED OFFICE: Lower North Hill View
Freystrop Cross
Haverfordwest
Pembrokeshire
SA62 4LD





REGISTERED NUMBER: 08503346 (England and Wales)

DKAN Groundworks Limited (Registered number: 08503346)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,496,093 979,894

CURRENT ASSETS
Stocks 43,300 292,489
Debtors 5 962,271 1,241,440
Cash at bank and in hand 225,601 636,311
1,231,172 2,170,240
CREDITORS
Amounts falling due within one year 549,866 866,843
NET CURRENT ASSETS 681,306 1,303,397
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,177,399

2,283,291

CREDITORS
Amounts falling due after more than one
year

(101,101

)

(99,476

)

PROVISIONS FOR LIABILITIES (240,793 ) (202,196 )
NET ASSETS 1,835,505 1,981,619

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,835,405 1,981,519
SHAREHOLDERS' FUNDS 1,835,505 1,981,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

DKAN Groundworks Limited (Registered number: 08503346)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 October 2024 and were signed on its behalf by:




D.W.E. Dalton - Director



Mrs K. Dalton - Director


DKAN Groundworks Limited (Registered number: 08503346)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

DKAN Groundworks 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.

These financial statements have been prepared in accordance with the Companies Act 2006 and with the applicable Accounting Standards. the directors are not aware of any material uncertainties in making their assessment of going concern. As a result they have adopted the going concern basis of accounting.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on cost and 25% on reducing balance
Computer equipment - 25% on cost

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 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.

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.

DKAN Groundworks Limited (Registered number: 08503346)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Revenue recognition
The company's turnover represents the amount derived from a building contractor. The company recognises revenue when the sales invoice has been issued to the customer.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 1,665,175
Additions 671,359
Disposals (89,000 )
At 30 April 2024 2,247,534
DEPRECIATION
At 1 May 2023 685,281
Charge for year 119,132
Eliminated on disposal (52,972 )
At 30 April 2024 751,441
NET BOOK VALUE
At 30 April 2024 1,496,093
At 30 April 2023 979,894

DKAN Groundworks Limited (Registered number: 08503346)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 May 2023 805,898
Additions 170,500
Disposals (37,000 )
Transfer to ownership (168,500 )
At 30 April 2024 770,898
DEPRECIATION
At 1 May 2023 295,501
Charge for year 54,437
Eliminated on disposal (20,583 )
Transfer to ownership (86,465 )
At 30 April 2024 242,890
NET BOOK VALUE
At 30 April 2024 528,008
At 30 April 2023 510,397

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other debtors - 117,698