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Registered number: 05874802
Dial 1st Construction Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Arran James Consulting Limited
4 East Hill
Wembley
Middlesex
HA9 9PT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05874802
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 320,321 323,501
Investment Properties 6 1,965,000 1,965,000
2,285,322 2,288,502
CURRENT ASSETS
Debtors 7 2,424,779 1,913,265
Investments 8 100 100
Cash at bank and in hand 78,966 398,961
2,503,845 2,312,326
Creditors: Amounts Falling Due Within One Year 9 (242,577 ) (192,699 )
NET CURRENT ASSETS (LIABILITIES) 2,261,268 2,119,627
TOTAL ASSETS LESS CURRENT LIABILITIES 4,546,590 4,408,129
Creditors: Amounts Falling Due After More Than One Year (1,338,922 ) (1,356,268 )
NET ASSETS 3,207,668 3,051,861
CAPITAL AND RESERVES
Called up share capital 12 2 2
Revaluation reserve 13 1,085,220 1,085,220
Profit and Loss Account 2,122,446 1,966,639
SHAREHOLDERS' FUNDS 3,207,668 3,051,861
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gowthaman Vivekananthan
Director
10 February 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Dial 1st Construction Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05874802 . The registered office is Unit 15 Wadsworth Business Centre, 21 Wadsworth Road, Perivale, Middlesex, UB6 7LQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.5. Investment Properties
Investment properties shall not be subject to periodic charges for depreciation except for properties held on lease, which shall be depreciated at least over the period when the unexpired term is 20 years or less.
Investment properties shall be included in the balance sheet at their market value.
2.6. Leasing and Hire Purchase Contracts
Assets obtained under 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 the 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 as incurred.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 3 3
3 3
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 6,500
As at 31 August 2024 6,500
Amortisation
As at 1 September 2023 6,499
As at 31 August 2024 6,499
Net Book Value
As at 31 August 2024 1
As at 1 September 2023 1
5. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost or Valuation
As at 1 September 2023 810,539 8,681 819,220
Additions 76,901 - 76,901
As at 31 August 2024 887,440 8,681 896,121
Depreciation
As at 1 September 2023 492,941 2,778 495,719
Provided during the period 78,900 1,181 80,081
As at 31 August 2024 571,841 3,959 575,800
Net Book Value
As at 31 August 2024 315,599 4,722 320,321
As at 1 September 2023 317,598 5,903 323,501
6. Investment Property
2024
£
Fair Value
As at 1 September 2023 and 31 August 2024 1,965,000
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7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 66,614 114,206
Prepayments and accrued income 18,574 55,762
VAT - 8,114
Amounts owed by subsidiaries 86,024 85,324
171,212 263,406
Due after more than one year
Amounts owed by subsidiaries 2,253,567 1,649,859
2,424,779 1,913,265
8. Current Asset Investments
2024 2023
£ £
Shares in subsidiaries 100 100
Dial 1st Property Management Ltd is a fully owned subsidiary of Dial 1st Construction Ltd. The parent company, Dial 1st Construction Ltd, has not prepared a consolidated accounts at the year end since the activities of both entities are differenct and will have no advantage in consolidation. The investment is in the form of 100% ordinary shares of the subsidiary is shown in the accounts at cost under investment.
9. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 78,417 16,566
Bank loans and overdrafts 9,197 21,579
Corporation tax 107,915 113,189
Other taxes and social security 24,943 14,468
VAT 8,854 -
Director's loan account 13,251 26,897
242,577 192,699
10. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured. 
The bank loan is sucured by way of a fixed charge against the investment property shown in note 4 to the financial statement and a floating charge over the company assets.
2024 2023
£ £
Bank loans and overdrafts 1,313,696 1,356,268
11. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 25,226 -
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12. Share Capital
2024 2023
Allotted, called up and fully paid £ £
2 Ordinary Shares of £ 1.000 each 2 2
13. Reserves
Revaluation Reserve
£
As at 1 September 2023 1,085,220
As at 31 August 2024 1,085,220
The Revaluation Reserve shown in the balance sheet was based on the valuation carried out by the bank for the purpose of loan security and it was done in May 2018. The value has not changed materially since last year.

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