IRIS Accounts Production v24.3.2.46 01057078 Board of Directors 1.5.23 30.4.24 30.4.24 24.1.25 true false true false false true false Auditors Opinion Ordinary 1.00000 B Ordinary 1.00000 Non-Voting Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010570782023-04-30010570782024-04-30010570782023-05-012024-04-30010570782022-04-30010570782022-05-012023-04-30010570782023-04-3001057078ns15:EnglandWales2023-05-012024-04-3001057078ns14:PoundSterling2023-05-012024-04-3001057078ns10:Director12023-05-012024-04-3001057078ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3001057078ns10:SmallEntities2023-05-012024-04-3001057078ns10:Audited2023-05-012024-04-3001057078ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3001057078ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3001057078ns10:FullAccounts2023-05-012024-04-3001057078ns10:OrdinaryShareClass12023-05-012024-04-3001057078ns10:OrdinaryShareClass22023-05-012024-04-3001057078ns10:OrdinaryShareClass32023-05-012024-04-3001057078ns10:Director22023-05-012024-04-3001057078ns10:RegisteredOffice2023-05-012024-04-3001057078ns5:CurrentFinancialInstruments2024-04-3001057078ns5:CurrentFinancialInstruments2023-04-3001057078ns5:Non-currentFinancialInstruments2024-04-3001057078ns5:Non-currentFinancialInstruments2023-04-3001057078ns5:ShareCapital2024-04-3001057078ns5:ShareCapital2023-04-3001057078ns5:SharePremium2024-04-3001057078ns5:SharePremium2023-04-3001057078ns5:RetainedEarningsAccumulatedLosses2024-04-3001057078ns5:RetainedEarningsAccumulatedLosses2023-04-3001057078ns5:LandBuildings2023-04-3001057078ns5:PlantMachinery2023-04-3001057078ns5:FurnitureFittings2023-04-3001057078ns5:LandBuildings2023-05-012024-04-3001057078ns5:PlantMachinery2023-05-012024-04-3001057078ns5:FurnitureFittings2023-05-012024-04-3001057078ns5:LandBuildings2024-04-3001057078ns5:PlantMachinery2024-04-3001057078ns5:FurnitureFittings2024-04-3001057078ns5:LandBuildings2023-04-3001057078ns5:PlantMachinery2023-04-3001057078ns5:FurnitureFittings2023-04-3001057078ns5:MotorVehicles2023-04-3001057078ns5:ComputerEquipment2023-04-3001057078ns5:MotorVehicles2023-05-012024-04-3001057078ns5:ComputerEquipment2023-05-012024-04-3001057078ns5:MotorVehicles2024-04-3001057078ns5:ComputerEquipment2024-04-3001057078ns5:MotorVehicles2023-04-3001057078ns5:ComputerEquipment2023-04-3001057078ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3001057078ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-04-3001057078ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-3001057078ns5:LeasedAssetsHeldAsLessee2023-04-3001057078ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3001057078ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3001057078ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3001057078ns5:LeasedAssetsHeldAsLessee2023-05-012024-04-3001057078ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-04-3001057078ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2024-04-3001057078ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-04-3001057078ns5:LeasedAssetsHeldAsLessee2024-04-3001057078ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-04-3001057078ns5:FurnitureFittingsns5:LeasedAssetsHeldAsLessee2023-04-3001057078ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-3001057078ns5:LeasedAssetsHeldAsLessee2023-04-3001057078ns5:CostValuation2023-04-3001057078ns5:Subsidiary12023-05-012024-04-3001057078ns5:Subsidiary112023-05-012024-04-3001057078ns5:Subsidiary22023-05-012024-04-30010570783ns5:Subsidiary22023-05-012024-04-3001057078ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3001057078ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3001057078ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-04-3001057078ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-04-3001057078ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-04-3001057078ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-04-3001057078ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3001057078ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3001057078ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-04-3001057078ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-04-3001057078ns5:HirePurchaseContracts2024-04-3001057078ns5:HirePurchaseContracts2023-04-3001057078ns5:Secured2024-04-3001057078ns5:Secured2023-04-3001057078ns5:DeferredTaxation2023-04-3001057078ns5:DeferredTaxation2023-05-012024-04-3001057078ns5:DeferredTaxation2024-04-3001057078ns10:OrdinaryShareClass12024-04-3001057078ns10:OrdinaryShareClass22024-04-3001057078ns10:OrdinaryShareClass32024-04-30
REGISTERED NUMBER: 01057078 (England and Wales)
























FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

DAWSON CONSTRUCTION PLANT LIMITED

DAWSON CONSTRUCTION PLANT LIMITED (REGISTERED NUMBER: 01057078)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DAWSON CONSTRUCTION PLANT LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTORS: D A Brown
T J Cliff





REGISTERED OFFICE: 2 Chesney Wold
Bleak Hall
Milton Keynes
Buckinghamshire
MK6 1NE





REGISTERED NUMBER: 01057078 (England and Wales)





AUDITORS: TC Group
1 Rushmills
Bedford Road
Northampton
Northamptonshire
NN4 7YB

DAWSON CONSTRUCTION PLANT LIMITED (REGISTERED NUMBER: 01057078)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,951,989 6,035,227
Investments 5 14,304 14,304
5,966,293 6,049,531

CURRENT ASSETS
Stocks 6 4,673,324 3,433,831
Debtors 7 1,950,093 2,791,405
Cash at bank and in hand 375,880 596,204
6,999,297 6,821,440
CREDITORS
Amounts falling due within one year 8 1,284,275 1,349,459
NET CURRENT ASSETS 5,715,022 5,471,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,681,315

11,521,512

CREDITORS
Amounts falling due after more than one
year

9

(2,657,273

)

(2,523,364

)

PROVISIONS FOR LIABILITIES 12 (560,378 ) (593,744 )
NET ASSETS 8,463,664 8,404,404

CAPITAL AND RESERVES
Called up share capital 13 104,660 136,819
Share premium 218,343 375,922
Retained earnings 8,140,661 7,891,663
SHAREHOLDERS' FUNDS 8,463,664 8,404,404

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:





D A Brown - Director


DAWSON CONSTRUCTION PLANT LIMITED (REGISTERED NUMBER: 01057078)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Dawson Construction Plant 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 the provisions of Section 1A "Smaller Entities" of Financial Reporting Standard FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and Companies Act 2006.

There were no material departures that standard.

Functional and presentational currency
The Company's functional and presentational currency is GBP.

Going concern
The use of the going concern policy basis of accounting is appropriate because the directors are satisfied, having prepared trading and cashflow forecasts, that there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Significant judgements and estimates
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

Fixed asset's residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. This is based on the directors knowledge of the business and industry. The effect of any change is accounted for prospectively.

The company supplies and hires equipment which is subject to changing customer demands and technological change. As a result it is necessary to consider the recoverability of the cost of stock and the associated provisioning required. Management consider the nature and condition of stock, as well as apply assumptions around expected future demand for the stock, when calculating the level stock provisioning.

Turnover
The turnover shown in the profit and loss account represents the value of services rendered during the period. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards have been transferred to the customer.

Rental income from operating leases are in profit or loss on a straight-line basis over the lease term.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated
residual value of each asset over its estimated useful life or, if held under a finance lease, over the
lease term, whichever is the shorter.

Freehold property - Straight line over 3, 5 and 50 years (Land is not depreciated)
Plant and machinery - Straight line over 2 years to 20 years
Fixtures and fittings - 10-33% on cost
Motor vehicles - 20-33% on cost
Computer equipment - 10-33% on cost

Tangible fixed assets are initially recorded at cost and subsequently carried at cost less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

DAWSON CONSTRUCTION PLANT LIMITED (REGISTERED NUMBER: 01057078)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Stocks
Stocks and work in progress are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost is calculated on an average cost basis.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 36 (2023 - 36 ) .

DAWSON CONSTRUCTION PLANT LIMITED (REGISTERED NUMBER: 01057078)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 3,631,939 6,278,413 141,324
Additions - 295,201 1,189
Disposals - (38,866 ) -
At 30 April 2024 3,631,939 6,534,748 142,513
DEPRECIATION
At 1 May 2023 101,812 4,198,263 101,574
Charge for year 48,843 244,084 16,218
Eliminated on disposal - (19,899 ) -
At 30 April 2024 150,655 4,422,448 117,792
NET BOOK VALUE
At 30 April 2024 3,481,284 2,112,300 24,721
At 30 April 2023 3,530,127 2,080,150 39,750

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 343,881 445,087 10,840,644
Additions 44,060 8,871 349,321
Disposals (23,135 ) - (62,001 )
At 30 April 2024 364,806 453,958 11,127,964
DEPRECIATION
At 1 May 2023 199,895 203,873 4,805,417
Charge for year 41,820 60,314 411,279
Eliminated on disposal (20,822 ) - (40,721 )
At 30 April 2024 220,893 264,187 5,175,975
NET BOOK VALUE
At 30 April 2024 143,913 189,771 5,951,989
At 30 April 2023 143,986 241,214 6,035,227

Included in cost of land and buildings is freehold land of £ 2,692,144 (2023 - £ 2,692,144 ) which is not depreciated.

DAWSON CONSTRUCTION PLANT LIMITED (REGISTERED NUMBER: 01057078)

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:
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 668,813 43,575 223,240 935,628
Additions 95,506 - - 95,506
At 30 April 2024 764,319 43,575 223,240 1,031,134
DEPRECIATION
At 1 May 2023 272,303 7,190 95,319 374,812
Charge for year 91,484 14,524 38,461 144,469
At 30 April 2024 363,787 21,714 133,780 519,281
NET BOOK VALUE
At 30 April 2024 400,532 21,861 89,460 511,853
At 30 April 2023 396,510 36,385 127,921 560,816

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 14,304
NET BOOK VALUE
At 30 April 2024 14,304
At 30 April 2023 14,304

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Dawson Contract Piling Limited
Registered office: 2 Chesney Wold, Bleak Hill, Milton Keynes, MK6 1NE
Nature of business: Provision of subcontract piling services
%
Class of shares: holding
Ordinary 100.00

Dawson Construction Plant Inc
Registered office: 4650 NE Birmingham Road, Kansas City, Missouri, 64117, USA
Nature of business: Sale of piling equipment
%
Class of shares: holding
Ordinary 100.00

DAWSON CONSTRUCTION PLANT LIMITED (REGISTERED NUMBER: 01057078)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


6. STOCKS
2024 2023
£    £   
Raw materials 2,655,326 1,919,831
Work-in-progress 1,248,080 799,510
Finished goods 769,918 714,490
4,673,324 3,433,831

Included within stock are items which are held under hire purchase contracts amounting to £539,823 (2023: £162,983).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,028,703 1,693,699
Amounts owed by group undertakings 696,159 790,903
Other debtors 122,480 189,959
VAT 12,042 34,525
Prepayments and accrued income 90,709 82,319
1,950,093 2,791,405

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 90,446 87,610
Hire purchase contracts (see note 10) 207,731 182,000
Trade creditors 373,786 419,970
Corporation tax 44,682 164,920
Social security and other taxes 37,072 36,920
Other creditors 144,495 61,228
Accruals and deferred income 386,063 396,811
1,284,275 1,349,459

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 392,024 379,732
Bank loans more 5 yr by instal 1,620,514 1,723,288
Hire purchase contracts (see note 10) 644,735 420,344
2,657,273 2,523,364

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,620,514 1,723,288

DAWSON CONSTRUCTION PLANT LIMITED (REGISTERED NUMBER: 01057078)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 207,731 182,000
Between one and five years 644,735 420,344
852,466 602,344

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,102,984 2,190,630
Hire purchase contracts 852,466 602,344
2,955,450 2,792,974

The bank loan is secured against the freehold property of the company.
Hire purchase contracts are secured against the assets to which they relate.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 560,378 593,744

Deferred
tax
£   
Balance at 1 May 2023 593,744
Provided during year (33,366 )
Balance at 30 April 2024 560,378

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
71,483 Ordinary 1 71,483 71,483
32,927 B Ordinary 1 32,927 65,086
250 Non-Voting Ordinary C 1 250 250
104,660 136,819

The ordinary B shares are non voting, give no rights to the company's assets on winding up, are repayable on a sale of shares by the controlling shareholder and can be bought back at any time at the discretion of the company.

During the year £32,159 (2023: £27,890) ordinary B shares were repurchased for consideration of £189,738 (2023: £164,551).

DAWSON CONSTRUCTION PLANT LIMITED (REGISTERED NUMBER: 01057078)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


14. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Benjamin Young FCA (Senior Statutory Auditor)
for and on behalf of TC Group

15. CONTINGENT LIABILITIES

A composite company unlimited multilateral guarantee has been given to HSBC by Dawson Construction Plant Limited and by Dawson Contract Piling Limited to secure all liabilities of each other.

16. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 9,990 397,497

17. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

18. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D A Brown.