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REGISTERED NUMBER: 02507872









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

DERLIN CONSTRUCTION LIMITED

DERLIN CONSTRUCTION LIMITED (REGISTERED NUMBER: 02507872)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DERLIN CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J J McCormack
J E McCormack
M McCormack





REGISTERED OFFICE: British Rail Goods Yard
305 Horn Lane
Acton
London
W3 9EH





REGISTERED NUMBER: 02507872





ACCOUNTANTS: AEL Markhams
Incorporating Butters Gates & Company
Chartered Accountants
Second Floor
201 Haverstock Hill
London
NW3 4QG

DERLIN CONSTRUCTION LIMITED (REGISTERED NUMBER: 02507872)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,282,348 1,949,770
2,282,348 1,949,770

CURRENT ASSETS
Stocks 284,148 165,936
Debtors 6 909,351 936,153
Cash at bank and in hand 1,264,721 941,016
2,458,220 2,043,105
CREDITORS
Amounts falling due within one year 7 497,221 303,816
NET CURRENT ASSETS 1,960,999 1,739,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,243,347

3,689,059

PROVISIONS FOR LIABILITIES 128,061 26,617
NET ASSETS 4,115,286 3,662,442

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,115,186 3,662,342
SHAREHOLDERS' FUNDS 4,115,286 3,662,442

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.

DERLIN CONSTRUCTION LIMITED (REGISTERED NUMBER: 02507872)

BALANCE SHEET - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2025 and were signed on its behalf by:





J E McCormack - Director


DERLIN CONSTRUCTION LIMITED (REGISTERED NUMBER: 02507872)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Derlin Construction Limited is a private company, limited by shares , registered in Not specified/Other. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the value of works invoiced (excluding VAT) plus retentions and amounts recoverable on contracts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of two years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - Straight line over 4 years
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

DERLIN CONSTRUCTION LIMITED (REGISTERED NUMBER: 02507872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment property
Investment properties are included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 14,000
AMORTISATION
At 1 October 2023
and 30 September 2024 14,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Investment Plant and and
properties machinery fittings
£    £    £   
COST OR VALUATION
At 1 October 2023 1,830,106 253,314 70,607
Revaluations 367,362 - -
At 30 September 2024 2,197,468 253,314 70,607
DEPRECIATION
At 1 October 2023 - 243,338 66,859
Charge for year - 7,104 750
At 30 September 2024 - 250,442 67,609
NET BOOK VALUE
At 30 September 2024 2,197,468 2,872 2,998
At 30 September 2023 1,830,106 9,976 3,748

DERLIN CONSTRUCTION LIMITED (REGISTERED NUMBER: 02507872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 258,592 1,785 2,414,404
Revaluations - - 367,362
At 30 September 2024 258,592 1,785 2,781,766
DEPRECIATION
At 1 October 2023 153,247 1,190 464,634
Charge for year 26,335 595 34,784
At 30 September 2024 179,582 1,785 499,418
NET BOOK VALUE
At 30 September 2024 79,010 - 2,282,348
At 30 September 2023 105,345 595 1,949,770

Cost or valuation at 30 September 2024 is represented by:

Fixtures
Investment Plant and and
properties machinery fittings
£    £    £   
Valuation in 2024 367,362 - -
Cost 1,830,106 253,314 70,607
2,197,468 253,314 70,607

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2024 - - 367,362
Cost 258,592 1,785 2,414,404
258,592 1,785 2,781,766

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 177,339 138,472
Other debtors 52,036 46,558
Directors' loan accounts 427,389 535,718
Tax 155,311 152,061
VAT 52,719 23,383
Prepayments 44,557 39,961
909,351 936,153

DERLIN CONSTRUCTION LIMITED (REGISTERED NUMBER: 02507872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 338,492 153,603
Tax 124,103 118,908
Social security and other taxes 22,929 15,447
Other creditors 4,397 8,558
Accrued expenses 7,300 7,300
497,221 303,816

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
M McCormack
Balance outstanding at start of year 231,162 167,748
Amounts advanced - 63,414
Amounts repaid (25,668 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 205,494 231,162

J E McCormack
Balance outstanding at start of year 304,556 304,556
Amounts repaid (82,661 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 221,895 304,556