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REGISTERED NUMBER: 01691785 (England and Wales)










Dunford Construction Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






Dunford Construction Limited (Registered number: 01691785)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dunford Construction Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: O G Dunford
S Read





SECRETARY: S Read





REGISTERED OFFICE: Ground Floor
745 Ampress Lane
Lymington
Hampshire
SO41 8LW





REGISTERED NUMBER: 01691785 (England and Wales)

Dunford Construction Limited (Registered number: 01691785)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 38,217 37,893

CURRENT ASSETS
Stocks 5 5,000 211,600
Debtors 6 209,625 177,127
Cash at bank and in hand 339,931 496,488
554,556 885,215
CREDITORS
Amounts falling due within one year 7 (347,818 ) (646,398 )
NET CURRENT ASSETS 206,738 238,817
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,955

276,710

CREDITORS
Amounts falling due after more than one year 8 (41,284 ) (67,276 )

ACCRUALS AND DEFERRED INCOME (105,362 ) (154,494 )
NET ASSETS 98,309 54,940

CAPITAL AND RESERVES
Called up share capital 10 4,200 4,200
Retained earnings 94,109 50,740
SHAREHOLDERS' FUNDS 98,309 54,940

Dunford Construction Limited (Registered number: 01691785)

Balance Sheet - continued
30 April 2024


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.

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 30 January 2025 and were signed on its behalf by:





S Read - Director


Dunford Construction Limited (Registered number: 01691785)

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

1. STATEMENT OF COMPLIANCE

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. These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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.

The company's functional and presentational currency is pound sterling.

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.

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 and after eliminating sales within the company.

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.

TANGIBLE FIXED ASSETS
Tangible assets are stated in the statement of financial position 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

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.


Dunford Construction Limited (Registered number: 01691785)

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

2. ACCOUNTING POLICIES - continued
TAXATION
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.

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.

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 and machinery 25% reducing balance
Fixtures and fittings 25% reducing balance
Motor vehicles 25% straight line
Computer equipment 25% straight line

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.

Dunford Construction Limited (Registered number: 01691785)

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

2. ACCOUNTING POLICIES - continued

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.

BORROWINGS
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and
similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

DIVIDENDS
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

DEFINED CONTRIBUTIONS PENSION OBLIGATION
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

Dunford Construction Limited (Registered number: 01691785)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 4,620 4,887 142,778 26,867 179,152
Additions - - 46,187 - 46,187
Disposals - - (63,603 ) - (63,603 )
At 30 April 2024 4,620 4,887 125,362 26,867 161,736
DEPRECIATION
At 1 May 2023 3,188 4,559 107,180 26,332 141,259
Charge for year 357 83 8,228 205 8,873
Eliminated on disposal - - (26,613 ) - (26,613 )
At 30 April 2024 3,545 4,642 88,795 26,537 123,519
NET BOOK VALUE
At 30 April 2024 1,075 245 36,567 330 38,217
At 30 April 2023 1,432 328 35,598 535 37,893

5. STOCKS
2024 2023
£    £   
Stock and work-in-progress 5,000 211,600

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 140,707 51,000
Amounts owed by group undertakings 40,902 67,628
Other debtors 1,426 1,426
Prepayments and accrued income 17,110 15,084
Other debtors-s455 tax - 35,637
Directors' current accounts 5,905 905
Deferred tax asset 3,575 5,447
209,625 177,127

Dunford Construction Limited (Registered number: 01691785)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 10,932 11,156
Trade creditors 165,485 314,789
Corporation tax 31,866 18,220
Social security and other tax 12,546 179,656
VAT 122,886 105,581
Other creditors 2,069 8,833
Pension liability 2,034 1,940
Directors' current accounts - 6,223
347,818 646,398

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 9) 21,667 31,667
Hire purchase contracts 19,617 35,609
41,284 67,276

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between one and two years:
Bounce back loan 21,667 31,667

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4,200 Ordinary shares 1 4,200 4,200

Dunford Construction Limited (Registered number: 01691785)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
S Read
Balance outstanding at start of year 962 98,345
Amounts advanced 5,000 79,427
Amounts repaid - (176,810 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,962 962

O G Dunford
Balance outstanding at start of year (57 ) 458
Amounts advanced - 38,810
Amounts repaid - (39,325 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (57 ) (57 )