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REGISTERED NUMBER: 01240273 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

DRONFIELD DEVELOPMENT AND CONSTRUCTION
COMPANY LIMITED

DRONFIELD DEVELOPMENT AND CONSTRUCTION
COMPANY LIMITED (REGISTERED NUMBER: 01240273)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRONFIELD DEVELOPMENT AND CONSTRUCTION
COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: S A Jones
H N Byrne
P F Jones





SECRETARY: H N Byrne





REGISTERED OFFICE: First Floor
Unit 4
Broadfield Court
Sheffield
South Yorkshire
S8 0XF





REGISTERED NUMBER: 01240273 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF

DRONFIELD DEVELOPMENT AND CONSTRUCTION
COMPANY LIMITED (REGISTERED NUMBER: 01240273)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,670 48,177

CURRENT ASSETS
Stocks 1,162,525 1,210,524
Debtors 5 398,463 372,299
Cash at bank 26,364 105,302
1,587,352 1,688,125
CREDITORS
Amounts falling due within one year 6 835,202 853,342
NET CURRENT ASSETS 752,150 834,783
TOTAL ASSETS LESS CURRENT
LIABILITIES

793,820

882,960

CREDITORS
Amounts falling due after more than one
year

7

(32,571

)

(37,009

)

PROVISIONS FOR LIABILITIES (3,921 ) (12,044 )
NET ASSETS 757,328 833,907

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 757,228 833,807
SHAREHOLDERS' FUNDS 757,328 833,907

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

DRONFIELD DEVELOPMENT AND CONSTRUCTION
COMPANY LIMITED (REGISTERED NUMBER: 01240273)

BALANCE SHEET - continued
31 MAY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by:





H N Byrne - Director


DRONFIELD DEVELOPMENT AND CONSTRUCTION
COMPANY LIMITED (REGISTERED NUMBER: 01240273)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Dronfield Development and Construction Company 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.

Turnover
Turnover represents amounts invoiced, excluding value added tax, in respect of the sale of property developments property dealing and related services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% straight line

Stocks
Stocks are stated at the lower of cost or net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

DRONFIELD DEVELOPMENT AND CONSTRUCTION
COMPANY LIMITED (REGISTERED NUMBER: 01240273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 979 51,026 52,005
DEPRECIATION
At 1 June 2023 131 3,697 3,828
Charge for year 169 6,338 6,507
At 31 May 2024 300 10,035 10,335
NET BOOK VALUE
At 31 May 2024 679 40,991 41,670
At 31 May 2023 848 47,329 48,177

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 398,463 372,299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,437 4,111
Corporation tax - 5,028
Social security and other taxes 100 -
Other creditors 20,525 21,223
Directors' current accounts 810,140 822,980
835,202 853,342

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 32,571 37,009

DRONFIELD DEVELOPMENT AND CONSTRUCTION
COMPANY LIMITED (REGISTERED NUMBER: 01240273)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 37,008 41,120

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
S A Jones
Balance outstanding at start of year - -
Amounts advanced - 3,346
Amounts repaid - (3,346 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. RELATED PARTY DISCLOSURES

H N Byrne has provided an interest free loan to the company. At the balance sheet date the amount owed to H N Byrne was £790,736 (2023 - £808,076).

S A Jones has provided an interest free loan to the company. At the balance sheet date the amount owed to S A Jones was £19,404 (2023 - £14,904)