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Company No: 14169835 (England and Wales)

D&D THATCHING LIMITED

Unaudited Financial Statements
For the financial period from 01 July 2023 to 31 December 2024
Pages for filing with the registrar

D&D THATCHING LIMITED

Unaudited Financial Statements

For the financial period from 01 July 2023 to 31 December 2024

Contents

D&D THATCHING LIMITED

BALANCE SHEET

As at 31 December 2024
D&D THATCHING LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 30.06.2023
£ £
Fixed assets
Tangible assets 3 0 5,478
0 5,478
Current assets
Debtors 4 16,811 19,565
Cash at bank and in hand ( 7,539) 1
9,272 19,566
Creditors: amounts falling due within one year 5 ( 42,443) ( 17,085)
Net current (liabilities)/assets (33,171) 2,481
Total assets less current liabilities (33,171) 7,959
Creditors: amounts falling due after more than one year 6 ( 5,500) ( 7,000)
Net (liabilities)/assets ( 38,671) 959
Capital and reserves
Called-up share capital 7 2 1
Profit and loss account ( 38,673 ) 958
Total shareholders' (deficit)/funds ( 38,671) 959

For the financial period ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of D&D Thatching Limited (registered number: 14169835) were approved and authorised for issue by the Board of Directors on 28 March 2025. They were signed on its behalf by:

Mr R Jamieson
Director
D&D THATCHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2023 to 31 December 2024
D&D THATCHING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 July 2023 to 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

D&D Thatching Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom. The principal place of business is 36 Tresillian Street, Plymouth, Devon, PL4 0QW.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery 5 years straight line
Vehicles 5 years straight line
Office equipment 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Period from
01.07.2023 to
31.12.2024
Year ended
30.06.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 July 2023 2,301 4,000 120 6,421
Additions 1,196 2,895 0 4,091
Disposals ( 3,497) ( 6,895) ( 120) ( 10,512)
At 31 December 2024 0 0 0 0
Accumulated depreciation
At 01 July 2023 190 733 20 943
Charge for the financial period 1,022 1,511 36 2,569
Disposals ( 1,212) ( 2,244) ( 56) ( 3,512)
At 31 December 2024 0 0 0 0
Net book value
At 31 December 2024 0 0 0 0
At 30 June 2023 2,111 3,267 100 5,478

4. Debtors

31.12.2024 30.06.2023
£ £
Trade debtors 0 2,250
Corporation tax 362 0
Other debtors 16,449 17,315
16,811 19,565

5. Creditors: amounts falling due within one year

31.12.2024 30.06.2023
£ £
Bank loans and overdrafts 7,316 1,197
Trade creditors 8,788 9,526
Taxation and social security 19,137 1,452
Other creditors 7,202 4,910
42,443 17,085

6. Creditors: amounts falling due after more than one year

31.12.2024 30.06.2023
£ £
Other creditors 5,500 7,000

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

31.12.2024 30.06.2023
£ £
Allotted, called-up and fully-paid
1 Ordinary A share of £ 1.00 (30.06.2023: nil shares) 1 0
1 Ordinary B share of £ 1.00 (30.06.2023: nil shares) 1 0
Nil Ordinary share (30.06.2023: 1 share of £ 1.00 ) 0 1
2 1

8. Related party transactions

Transactions with the entity's directors

31.12.2024 30.06.2023
£ £
At 1 July 14,117 0
Advances to director (including interest charged) 18,728 27,737
Repayments by director (16,396) (13,620)
At 30 June 16,449 14,117

Interest is charged at the HMRC official rate and is repayable on demand.