Registered number
12660323
D.P. Construction & Building Ltd
Filleted Accounts
30 June 2024
D.P. Construction & Building Ltd
Registered number: 12660323
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 12,974 17,091
Current assets
Stocks 40,000 40,000
Debtors 4 2,670 578
Cash at bank and in hand 13,703 40,293
56,373 80,871
Creditors: amounts falling due within one year 5 (27,329) (73,365)
Net current assets 29,044 7,506
Total assets less current liabilities 42,018 24,597
Creditors: amounts falling due after more than one year 6 (14,367) (17,860)
Net assets 27,651 6,737
Capital and reserves
Called up share capital 1 1
Profit and loss account 27,650 6,736
Shareholder's funds 27,651 6,737
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Darren Pitts
Director
Approved by the board on 17 March 2025
D.P. Construction & Building Ltd
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and Machinery 25% Reducing Balance
Software Equipment Over 4 years
Equipment ,Tools Over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment Motor vehicles Total
£ £ £
Cost
At 1 July 2023 3,291 30,254 33,545
Additions 281 - 281
At 30 June 2024 3,572 30,254 33,826
Depreciation
At 1 July 2023 3,218 13,236 16,454
Charge for the year 143 4,255 4,398
At 30 June 2024 3,361 17,491 20,852
Net book value
At 30 June 2024 211 12,763 12,974
At 30 June 2023 73 17,018 17,091
4 Debtors 2024 2023
£ £
Trade debtors 2,252 578
Other debtors 418 -
2,670 578
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 3,493 3,493
Trade creditors 4,762 45,987
Taxation and social security costs 18,444 23,790
Other creditors 630 95
27,329 73,365
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 14,367 17,860
7 Other information
D.P. Construction & Building Ltd is a private company limited by shares and incorporated in England. Its registered office is:
32 Witton Avenue
Droitwich
WR9 8PA
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