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Registration number: 08221260

D&OConstructionPembs Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 September 2024

D & O Construction Pembs Limited

(Registration number: 08221260)
Balance Sheet as at 30 September 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 56,649 | 56,049
Current assets |  |  |
Stocks | 6 | 93,738 | 179,118
Debtors | 7 | 55,519 | 43,379
Cash at bank and in hand |  | 213,095 | 67,138
|  | 362,352 | 289,635
Creditors: Amounts falling due within one year | 8 | (193,996) | (155,975)
Net current assets |  | 168,356 | 133,660
Total assets less current liabilities |  | 225,005 | 189,709
Creditors: Amounts falling due after more than one year | 8 | (37,062) | (53,923)
Provisions for liabilities |  | (8,378) | (10,649)
Net assets |  | 179,565 | 125,137
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Profit and loss account |  | 179,563 | 125,135
Total equity |  | 179,565 | 125,137

For the financial year ending 30 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 and the option not to file the Profit and Loss Account has been taken.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

D & O Construction Pembs Limited

(Registration number: 08221260)
Balance Sheet as at 30 September 2024

Approved and authorised by the Board on 16 June 2025 and signed on its behalf by:

......................................... Mr A Davies Director |  |

D & O Construction Pembs Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

1 | General information

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

The address of its registered office is:
The Granary
Hayscastle
Haverfordwest
Pembs
SA62 5PW

These financial statements were authorised for issue by the Board on 16 June 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.

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.

Government grants

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account over that period. Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned. All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

D & O Construction Pembs Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current 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.

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
Plant and machinery | 20 - 25% reducing balance
Office equipment | 33% Reducing balance
Land and Buildings | 2% 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.

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

D & O Construction Pembs Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

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.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

D & O Construction Pembs Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

4 | Tangible assets

| Land and buildings £ | Plant and machinery £ | Office equipment £ | Total £
Cost or valuation
At 1 October 2023 | 13,614 | 98,611 | 672 | 112,897
Additions | - | 13,007 | - | 13,007
At 30 September 2024 | 13,614 | 111,618 | 672 | 125,904
Depreciation
At 1 October 2023 | 800 | 55,578 | 470 | 56,848
Charge for the year | 257 | 12,083 | 67 | 12,407
At 30 September 2024 | 1,057 | 67,661 | 537 | 69,255
Carrying amount
At 30 September 2024 | 12,557 | 43,957 | 135 | 56,649
At 30 September 2023 | 12,814 | 43,033 | 202 | 56,049

Included within the net book value of land and buildings above is £12,557 (2023 - £12,814) in respect of freehold land and buildings.

D & O Construction Pembs Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

5 | Other financial assets (current and non-current)

Non-current financial assets
Cost or valuation
Impairment
Carrying amount
At 30 September 2024

6 | Stocks

| 2024 £ | 2023 £
Work in progress | 76,738 | 162,118
Other inventories | 17,000 | 17,000
| 93,738 | 179,118

7 | Debtors

| 2024 £ | 2023 £
Trade debtors | - | 216
Prepayments | 1,453 | 873
Other debtors | 54,066 | 42,290
| 55,519 | 43,379

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Bank loans and overdrafts | 10 | 47,533 | 50,067
Trade creditors |  | 35,369 | 55,176
Taxation and social security |  | 19 | 3,944
Other related parties | 11 | 38,321 | 24,887
Gross amount due to customers for contract work |  | - | 2,335
Corporation tax liability |  | 36,522 | 11,187
Other creditors |  | 36,232 | 8,379
|  | 193,996 | 155,975

Creditors: amounts falling due after more than one year

D & O Construction Pembs Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 10 | 37,062 | 53,923

9 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary Shares of £1 each | 2 | 2 | 2 | 2

10 | Loans and borrowings

| 2024 £ | 2023 £
Non-current loans and borrowings
Bank borrowings | 29,578 | 34,980
HP and finance lease liabilities | 7,484 | 18,943
| 37,062 | 53,923

| 2024 £ | 2023 £
Current loans and borrowings
Bank borrowings | 5,333 | 5,333
Bank overdrafts | 30,741 | 31,885
HP and finance lease liabilities | 11,459 | 12,849
| 47,533 | 50,067

11 | Related party transactions

The company gave financial assistance of £90,000 to S7 Fitness Limited, a company connected to the directors. the amount due from the company at the balance sheet date is £42,290 (2023 £42,290) this has been shown under note 8.

D & O Construction Pembs Limited

Notes to the Financial Statements for the Year Ended 30 September 2024

Transactions with directors

2024 | At 1 October 2023 £ | Advances to director £ | Repayments by director £ | At 30 September 2024 £
Interest free loan and repayable on demand | (12,443) | 19,472 | (26,189) | (19,161)
Interest free loan and repayable on demand | (12,444) | 19,472 | (26,189) | (19,162)

2023 | At 1 October 2022 £ | Advances to director £ | Repayments by director £ | At 30 September 2023 £
Interest free loan and repayable on demand | (9,687) | 31,198 | (33,954) | (12,443)
Interest free loan and repayable on demand | (9,687) | 31,197 | (33,954) | (12,444)