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Registration number: 01574731

D & G Builders (Stoke) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

D & G Builders (Stoke) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

D & G Builders (Stoke) Limited

Company Information

Director

Mr David Jones

Registered office

The Cottage
School Lane
Blurton
Stoke on Trent
Staffordshire
ST3 3DU

Accountants

Winton Bath Group Ltd
Chartered Accountants
6 Ferranti Court
Staffordshire Technology Park
Stafford
Staffordshire
ST18 0LQ

 

D & G Builders (Stoke) Limited

(Registration number: 01574731)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fiixed assets

 

Tangible assets

4

644,791

646,115

Current assets

 

Stocks

5

270

315

Debtors

6

278,044

172,809

Cash at bank and in hand

 

32,455

145,163

 

310,769

318,287

Creditors: Amounts falling due within one year

7

(37,089)

(54,632)

Net current assets

 

273,680

263,655

Total assets less current liabilities

 

918,471

909,770

Provisions for liabilities

(99,414)

(99,162)

Net assets

 

819,057

810,608

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

423,678

423,678

Retained earnings

395,279

386,830

Shareholders' funds

 

819,057

810,608

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 January 2025
 

 

D & G Builders (Stoke) Limited

(Registration number: 01574731)
Balance Sheet as at 31 January 2024

.........................................
Mr David Jones
Director

 

D & G Builders (Stoke) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
The Cottage
School Lane
Blurton
Stoke on Trent
Staffordshire
ST3 3DU

These financial statements were authorised for issue by the director on 24 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

D & G Builders (Stoke) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

10% reducing balance basis

Fixtures & fittings

10% reducing balance basis

Motor vehicles

25% reducing balance basis

Property fixtures & fittings

10% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

D & G Builders (Stoke) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. The share capital disclosed on the balance sheet is allotted, called up and fully paid.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

D & G Builders (Stoke) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Investment properties
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2023

640,000

10,073

18,050

3,117

671,240

Additions

-

-

-

84

84

At 31 January 2024

640,000

10,073

18,050

3,201

671,324

Depreciation

At 1 February 2023

-

9,298

12,796

3,031

25,125

Charge for the year

-

78

1,313

17

1,408

At 31 January 2024

-

9,376

14,109

3,048

26,533

Carrying amount

At 31 January 2024

640,000

697

3,941

153

644,791

At 31 January 2023

640,000

775

5,254

86

646,115

Included within the net book value of land and buildings above is £640,000 (2023 - £640,000) in respect of freehold land and buildings. The investment properties are included at directors valuation.
 

 

D & G Builders (Stoke) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Stocks

2024
£

2023
£

Other inventories

270

315

6

Debtors

Current

2024
£

2023
£

Trade debtors

354

-

Prepayments

2,804

2,965

Other debtors

274,886

169,844

 

278,044

172,809

Other debtors are funds held by a solicitor in preparation of a buy back of shares.

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

265

900

Taxation and social security

2,873

23,253

Accruals and deferred income

4,650

4,250

Other creditors

29,301

26,229

37,089

54,632

8

Reserves

Non- distributable reserves relating to the revaluation of investment properties amounted to £423,678 as at 31 January 2024(31 January 2023 £423,678)