Company Registration No. 12945119 (England and Wales)
Daku Construction Ltd
Unaudited accounts
for the year ended 31 March 2025
Daku Construction Ltd
Unaudited accounts
Contents
Daku Construction Ltd
Company Information
for the year ended 31 March 2025
Company Number
12945119 (England and Wales)
Registered Office
7 Bell Yard
London
London
WC2A 2JR
England
Accountants
Valuemaven Business Services (UK) Limited
7 Lita Mews
Romford
London
RM1 3FG
Daku Construction Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
33,277
20,180
Cash at bank and in hand
27,229
54,972
Creditors: amounts falling due within one year
(222,757)
(169,788)
Net current assets
39,008
54,129
Total assets less current liabilities
72,285
74,309
Creditors: amounts falling due after more than one year
-
(2,582)
Profit and loss account
72,275
71,717
Shareholders' funds
72,285
71,727
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 May 2025 and were signed on its behalf by
M Daku
Director
Company Registration No. 12945119
Daku Construction Ltd
Notes to the Accounts
for the year ended 31 March 2025
Daku Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 12945119. The registered office is 7 Bell Yard, London, London, WC2A 2JR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Computer equipment
25% Straight Line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Daku Construction Ltd
Notes to the Accounts
for the year ended 31 March 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
33,089
4,811
37,900
Additions
27,800
2,295
30,095
At 31 March 2025
60,889
7,106
67,995
At 1 April 2024
15,316
2,404
17,720
Charge for the year
15,222
1,776
16,998
At 31 March 2025
30,538
4,180
34,718
At 31 March 2025
30,351
2,926
33,277
At 31 March 2024
17,773
2,407
20,180
Amounts falling due within one year
Trade debtors
197,372
167,164
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
6,000
-
Obligations under finance leases and hire purchase contracts
2,583
2,456
Trade creditors
92,747
100,491
Taxes and social security
106,898
40,137
Loans from directors
13,029
24,954
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
-
2,582
Daku Construction Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).