DB Projects Kent Limited 10381971 false 2023-09-30 2024-09-29 2024-09-29 The principal activity of the company is that of construction services. Digita Accounts Production Advanced 6.30.9574.0 true true 10381971 2023-09-30 2024-09-29 10381971 2024-09-29 10381971 core:RetainedEarningsAccumulatedLosses 2024-09-29 10381971 core:ShareCapital 2024-09-29 10381971 core:CurrentFinancialInstruments 2024-09-29 10381971 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-29 10381971 core:Non-currentFinancialInstruments 2024-09-29 10381971 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-29 10381971 core:FurnitureFittingsToolsEquipment 2024-09-29 10381971 core:MotorVehicles 2024-09-29 10381971 bus:SmallEntities 2023-09-30 2024-09-29 10381971 bus:AuditExemptWithAccountantsReport 2023-09-30 2024-09-29 10381971 bus:FilletedAccounts 2023-09-30 2024-09-29 10381971 bus:SmallCompaniesRegimeForAccounts 2023-09-30 2024-09-29 10381971 bus:RegisteredOffice 2023-09-30 2024-09-29 10381971 bus:Director2 2023-09-30 2024-09-29 10381971 bus:PrivateLimitedCompanyLtd 2023-09-30 2024-09-29 10381971 core:FurnitureFittingsToolsEquipment 2023-09-30 2024-09-29 10381971 core:MotorVehicles 2023-09-30 2024-09-29 10381971 countries:EnglandWales 2023-09-30 2024-09-29 10381971 2023-09-29 10381971 core:FurnitureFittingsToolsEquipment 2023-09-29 10381971 core:MotorVehicles 2023-09-29 10381971 2022-09-30 2023-09-29 10381971 2023-09-29 10381971 core:RetainedEarningsAccumulatedLosses 2023-09-29 10381971 core:ShareCapital 2023-09-29 10381971 core:CurrentFinancialInstruments 2023-09-29 10381971 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-29 10381971 core:Non-currentFinancialInstruments 2023-09-29 10381971 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-29 10381971 core:FurnitureFittingsToolsEquipment 2023-09-29 10381971 core:MotorVehicles 2023-09-29 iso4217:GBP xbrli:pure

Registration number: 10381971

DB Projects Kent Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 September 2024

 

DB Projects Kent Limited

(Registration number: 10381971)
Balance Sheet as at 29 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,199

314

Current assets

 

Debtors

5

57,554

95,212

Cash at bank and in hand

 

109,473

116,112

 

167,027

211,324

Creditors: Amounts falling due within one year

6

(76,416)

(70,767)

Net current assets

 

90,611

140,557

Total assets less current liabilities

 

97,810

140,871

Creditors: Amounts falling due after more than one year

6

(10,000)

(20,000)

Provisions for liabilities

(1,800)

(79)

Net assets

 

86,010

120,792

Capital and reserves

 

Called up share capital

2

2

Retained earnings

86,008

120,790

Shareholders' funds

 

86,010

120,792

For the financial year ending 29 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

DB Projects Kent Limited

(Registration number: 10381971)
Balance Sheet as at 29 September 2024

Approved and authorised by the Board on 27 May 2025 and signed on its behalf by:
 

.........................................
Mr D P Bentley
Director

 

DB Projects Kent Limited

Notes to the Financial Statements for the Year Ended 29 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Corner House
2 High Street
Aylesford
Kent
ME20 7BG
England

The principal place of business is:
411 London Road
Ditton
Aylesford
Kent
ME20 6DB

These financial statements were authorised for issue by the Board on 27 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The company may be required to make estimates and assumptions concerning the future. These estimates and judgements are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The resulting accounting estimates will, by definition, seldom equal the related actual results. The principal areas where judgement was exercised are as follows:

i) Tangible fixed assets: the directors annually assess both the residual value of these assets and the expected useful life of such assets based on experience.

 

DB Projects Kent Limited

Notes to the Financial Statements for the Year Ended 29 September 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

DB Projects Kent Limited

Notes to the Financial Statements for the Year Ended 29 September 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Amended Accounts
These accounts replace the original accounts and are now the statutory accounts, and are prepared as they were at the date of the original accounts.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 6).

 

DB Projects Kent Limited

Notes to the Financial Statements for the Year Ended 29 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 30 September 2023

1,041

-

1,041

Additions

-

8,704

8,704

At 29 September 2024

1,041

8,704

9,745

Depreciation

At 30 September 2023

727

-

727

Charge for the year

78

1,741

1,819

At 29 September 2024

805

1,741

2,546

Carrying amount

At 29 September 2024

236

6,963

7,199

At 29 September 2023

314

-

314

 

DB Projects Kent Limited

Notes to the Financial Statements for the Year Ended 29 September 2024

5

Debtors

2024
£

2023
£

Trade debtors

802

440

Other debtors

15,551

53,482

Prepayments

201

290

Accrued income

41,000

41,000

57,554

95,212

6

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

10,000

10,000

Taxation and social security

 

58,793

50,041

Accruals and deferred income

 

1,870

1,700

Other creditors

 

5,753

9,026

 

76,416

70,767

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

20,000

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000