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REGISTERED NUMBER: 12212803 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

David Price Building Contractors Ltd

David Price Building Contractors Ltd (Registered number: 12212803)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


David Price Building Contractors Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Ms J A Holland
J D Price





REGISTERED OFFICE: 18 Fox Close
Abbeymead
Gloucester
Gloucestershire
GL4 5YH





REGISTERED NUMBER: 12212803 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

David Price Building Contractors Ltd (Registered number: 12212803)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,285 2,846

CURRENT ASSETS
Stocks 4,000 5,500
Debtors 5 584 3,160
Cash at bank 44,629 6,593
49,213 15,253
CREDITORS
Amounts falling due within one year 6 39,644 30,067
NET CURRENT ASSETS/(LIABILITIES) 9,569 (14,814 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,854

(11,968

)

CREDITORS
Amounts falling due after more than one
year

7

10,910

13,093
NET ASSETS/(LIABILITIES) 944 (25,061 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 844 (25,161 )
SHAREHOLDERS' FUNDS 944 (25,061 )

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

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

David Price Building Contractors Ltd (Registered number: 12212803)

Statement of Financial Position - continued
30 September 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 1 February 2025 and were signed on its behalf by:





J D Price - Director


David Price Building Contractors Ltd (Registered number: 12212803)

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


1. STATUTORY INFORMATION

David Price Building Contractors Ltd 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current 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 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 statement of financial position date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

David Price Building Contractors Ltd (Registered number: 12212803)

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


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
Cost
At 1 October 2023 6,361 526 6,887
Additions - 271 271
Disposals (96 ) - (96 )
At 30 September 2024 6,265 797 7,062
Depreciation
At 1 October 2023 3,515 526 4,041
Charge for year 701 90 791
Eliminated on disposal (55 ) - (55 )
At 30 September 2024 4,161 616 4,777
Net book value
At 30 September 2024 2,104 181 2,285
At 30 September 2023 2,846 - 2,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 344 2,901
Other debtors 240 259
584 3,160

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 2,182 2,128
Trade creditors 20,250 11,631
Taxation and social security 13,650 7,701
Other creditors 3,562 8,607
39,644 30,067

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Bank loans 10,910 13,093

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,615 4,027

David Price Building Contractors Ltd (Registered number: 12212803)

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


8. RELATED PARTY DISCLOSURES

At 30 September 2024, the company owed the directors J D Price and Ms J A Holland £2,557 (2023 - £7,607). The balance owed, included within other creditors, is made of business expenses not yet reimbursed. The unsecured loan balance is repayable to the directors on demand.