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REGISTERED NUMBER: 06436944 (England and Wales)










DAMSON NEW BUILD LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024





Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB








DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944)






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


DAMSON NEW BUILD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr P Tanna
Mr R A Sketchley





REGISTERED OFFICE: Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB





REGISTERED NUMBER: 06436944 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB
1
DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 274,771 296,726
Investments 5 85,000 85,000
359,771 381,726

CURRENT ASSETS
Stocks 34,451 320,875
Debtors 6 1,053,050 1,062,552
Cash at bank and in hand 57,244 34,775
1,144,745 1,418,202
CREDITORS
Amounts falling due within one year 7 (447,696 ) (982,435 )
NET CURRENT ASSETS 697,049 435,767
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,056,820
817,493

CREDITORS
Amounts falling due after more than one
year
8
(815,245
)
(537,851
)

PROVISIONS FOR LIABILITIES 10 (18,426 ) (18,412 )
NET ASSETS 223,149 261,230

CAPITAL AND RESERVES
Called up share capital 11 104 104
Retained earnings 223,045 261,126
SHAREHOLDERS' FUNDS 223,149 261,230

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.

The notes form part of these financial statements

2
DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944)

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 Income Statement 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:





Mr P Tanna - Director


The notes form part of these financial statements

3
DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944)

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

1. STATUTORY INFORMATION

Damson New Build Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Damson New Build Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


4
DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 232,530 172,167 14,458
Additions - - -
Disposals - - -
At 30 September 2024 232,530 172,167 14,458
DEPRECIATION
At 1 October 2023 51,161 67,758 9,906
Charge for year 4,651 15,662 683
At 30 September 2024 55,812 83,420 10,589
NET BOOK VALUE
At 30 September 2024 176,718 88,747 3,869
At 30 September 2023 181,369 104,409 4,552

5
DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 - 26,155 445,310
Additions 13,440 - 13,440
Disposals (13,440 ) - (13,440 )
At 30 September 2024 - 26,155 445,310
DEPRECIATION
At 1 October 2023 - 19,759 148,584
Charge for year - 959 21,955
At 30 September 2024 - 20,718 170,539
NET BOOK VALUE
At 30 September 2024 - 5,437 274,771
At 30 September 2023 - 6,396 296,726

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 October 2023
and 30 September 2024 155,845
DEPRECIATION
At 1 October 2023 56,615
Charge for year 14,885
At 30 September 2024 71,500
NET BOOK VALUE
At 30 September 2024 84,345
At 30 September 2023 99,230

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2023
and 30 September 2024 85,000
NET BOOK VALUE
At 30 September 2024 85,000
At 30 September 2023 85,000

6
DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 705,865 91,900
Other debtors 347,185 970,652
1,053,050 1,062,552

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 32,150 205,693
Hire purchase contracts 17,169 17,169
Trade creditors 322,126 582,170
Taxation and social security 14,180 49,646
Other creditors 62,071 127,757
447,696 982,435

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 809,893 515,000
Hire purchase contracts 5,352 22,851
815,245 537,851

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Private loan 520,500 515,000

Repayable by instalments
Bank loans more 5 yr by instal 289,393 -

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 842,043 720,693
Hire purchase contracts 22,521 40,020
864,564 760,713

Fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, uncalled capital, buildings, fixtures, fixed plant & machinery.

The obligations under hire purchase contracts are secured on related assets and are all repayable within five years.

7
DAMSON NEW BUILD LIMITED (REGISTERED NUMBER: 06436944)

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

10. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 18,426 18,412

Deferred
tax
£   
Balance at 1 October 2023 18,412
Increase in provision 14
Balance at 30 September 2024 18,426

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100
2 Ordinary A Shares £1 2 2
2 Ordinary B Shares £1 2 2
104 104

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within the other creditors, the amount owed to the directors is £ 594 (2023 £ 777). The loans are unsecured, interest free and with no fixed date of repayment.

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £18,250 (2023 - £9,750) were paid to the directors .

Loans have been given to and received from companies under common control of the directors, the balance of these loans due to the company included in other debtors at the year end was £301,058.

14. CONTROLLING PARTY

There is no one controlling party.

8