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REGISTERED NUMBER: 07213455 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

DNPS BUILDING CONTRACTORS LIMITED

DNPS BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 07213455)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DNPS BUILDING CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: D Nicolaou
Mrs O Nicolaou





REGISTERED OFFICE: 61 Station Road
Sudbury
Suffolk
CO10 2SP





REGISTERED NUMBER: 07213455 (England and Wales)





ACCOUNTANTS: Seago and Stopps
Chartered Certified Accountants
61 Station Road
Sudbury
Suffolk
CO10 2SP

DNPS BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 07213455)

BALANCE SHEET
30 JUNE 2024

30.6.23 30.6.24
£    £    Notes £    £   
FIXED ASSETS
6,300 Intangible assets 4 4,200
34,635 Tangible assets 5 27,765
- Investment property 6 395,000
40,935 426,965

CURRENT ASSETS
252,009 Stocks -
2,068 Debtors 7 10,858
5,040 Cash at bank 65,584
259,117 76,442
CREDITORS
96,671 Amounts falling due within one year 8 131,881
162,446 NET CURRENT (LIABILITIES)/ASSETS (55,439 )
203,381 TOTAL ASSETS LESS CURRENT
LIABILITIES

371,526

6,581 PROVISIONS FOR LIABILITIES 7,672
196,800 NET ASSETS 363,854

CAPITAL AND RESERVES
10 Called up share capital 10
- Fair value reserve 142,287
196,790 Retained earnings 221,557
196,800 SHAREHOLDERS' FUNDS 363,854

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

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

DNPS BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 07213455)

BALANCE SHEET - continued
30 JUNE 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 Board of Directors and authorised for issue on 20 January 2025 and were signed on its behalf by:





Mrs O Nicolaou - Director


DNPS BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 07213455)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

DNPS Building Contractors 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of work completed during the year, by reference to invoiced sales and the movement between opening and closing work in progress and trade debtor balances.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2010, is being amortised evenly over its remaining estimated useful economic life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Motor vehicles - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Investment property
During the year renovation work was completed on a property owned by the company which has subsequently been transferred from work in progress within the profit and loss account to investment property (for the sum of £252,713) within the balance sheet, as the directors have decided that the property will now be let to a third party rather than be sold.

The investment property was also revalued on 30th June 2024, with the gain being recognised within both the fair value reserve and the profit and loss account.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Financial instruments
The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase and lease contracts.


DNPS BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 07213455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 30,000
AMORTISATION
At 1 July 2023 23,700
Charge for year 2,100
At 30 June 2024 25,800
NET BOOK VALUE
At 30 June 2024 4,200
At 30 June 2023 6,300

DNPS BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 07213455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
Totals machinery fittings vehicles equipment
£    £    £    £    £   
COST
At 1 July 2023 84,675 12,408 - 61,373 10,894
Additions 2,728 - 2,728 - -
Disposals (3,673 ) (300 ) - - (3,373 )
At 30 June 2024 83,730 12,108 2,728 61,373 7,521
DEPRECIATION
At 1 July 2023 50,040 8,909 - 34,209 6,922
Charge for year 9,259 875 682 6,791 911
Eliminated on disposal (3,334 ) (293 ) - - (3,041 )
At 30 June 2024 55,965 9,491 682 41,000 4,792
NET BOOK VALUE
At 30 June 2024 27,765 2,617 2,046 20,373 2,729
At 30 June 2023 34,635 3,499 - 27,164 3,972

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 252,713
Revaluations 142,287
At 30 June 2024 395,000
NET BOOK VALUE
At 30 June 2024 395,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 142,287
Cost 252,713
395,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 10,858 2,068

DNPS BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 07213455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 11,451 -
Trade creditors 4,431 1,575
Taxation and social security 32,396 5,488
Other creditors 83,603 89,608
131,881 96,671

9. RESERVES

Included within reserves is a fair value reserve, which has arisen from revaluation of investment property.

In accordance with FRS102, the fair value reserve is a 'non-distributable' reserve and is separately disclosed in the balance sheet.