Dexson Contracts Ltd.


FINANCIAL STATEMENTS


for the year ended 30th September 2024



Dexson Contracts Ltd.

CONTENTS

for the year ended 30th September 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Dexson Contracts Ltd.

Company No. 10952764

STATEMENT OF FINANCIAL POSITION

as at 30th September 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment4160636117210
160636117210
CURRENT ASSETS
Stocks520105-
Debtors637438587847
Cash at bank and in hand107715170623
1471641158470
CURRENT LIABILITIES
Creditors: amounts falling due
within one year71369426138729
NET CURRENT ASSETS10221519741
TOTAL ASSETS LESS CURRENT LIABILITIES262851136951
 
Creditors: amounts falling due
after more than one year813200078000
 
NET ASSETS13085158951
 
CAPITAL AND RESERVES
Called up share capital11
Retained earnings13085058950
SHAREHOLDERS FUNDS13085158951

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th September 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 25 April 2025


Ms J Canning

Director

Company Number 10952764 (England)

Dexson Contracts Ltd.

NOTES TO THE ACCOUNTS

for the year ended 30th September 2024


1   Statutory information

Dexson Contracts Ltd. is a private company limited by shares and registered under company number 10952764 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent, England, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, 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:

Plant, machinery and vehicles20% reducing balance

Stocks

Stocks are valued at the lower of cost and expected selling price less any costs to sell.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 5 (2023 - 1).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st October 2023 591201062019879175200
Additions-6176991362682
At 30th September 20245912016797010792237882
 
Depreciation
At 1st October 2023 369548970532557990
Charge for year98568307109319256
At 30th September 20241355157277641877246
 
Net Book Value
At 30th September 2024455691106934374160636
At 30th September 202355425572314554117210

5   Stocks20242023
££
 
Work in progress20105-
20105-

The difference between purchase price or production cost of stocks and their replacement cost is not material.


6   Debtors20242023
££
 
Trade Debtors37438561647
Prepayments and accrued income-26200
37438587847

7   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts146398805
Trade Creditors116251587918
Corporation tax195564443
Taxes and social security costs716301840
Other creditors10108617628
Accruals and deferred income-18095
1369426138729

8   Creditors: amounts falling due after one year20242023
££
 
Loans and Overdrafts13200078000
13200078000

9   Loans20242023
££
Analysis of maturity of debt:
 
Within one year73758805
Between one and five years13200078000
13937586805

10   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20242023
££
 
Ms J Canning166746224
166746224

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