Registered number
04892320
D & E BUILDERS LTD
Filleted Accounts
30 September 2024
D & E BUILDERS LTD
Registered number: 04892320
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 32,450 40,562
Current assets
Debtors 4 18,830 43,909
Cash at bank and in hand 339,442 291,293
358,272 335,202
Creditors: amounts falling due within one year 5 (233,406) (199,602)
Net current assets 124,866 135,600
Total assets less current liabilities 157,316 176,162
Creditors: amounts falling due after more than one year 6 (7,400) (13,654)
Net assets 149,916 162,508
Capital and reserves
Called up share capital 100 100
Profit and loss account 149,816 162,408
Shareholders' funds 149,916 162,508
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Wayne Daw
Director
Approved by the board on 21 March 2025
D & E BUILDERS LTD
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment over 5 years
Motor vehicles over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Equip Motor vehicles Total
£ £ £
Cost
At 1 October 2023 7,305 53,700 61,005
At 30 September 2024 7,305 53,700 61,005
Depreciation
At 1 October 2023 6,744 13,699 20,443
Charge for the year 112 8,000 8,112
At 30 September 2024 6,856 21,699 28,555
Net book value
At 30 September 2024 449 32,001 32,450
At 30 September 2023 561 40,001 40,562
4 Debtors 2024 2023
£ £
Trade debtors 18,830 35,604
Other debtors - 8,305
18,830 43,909
5 Creditors: amounts falling due within one year 2024 2023
£ £
HP agreements 6,346 6,346
Trade creditors 34,922 61,133
Directors' loan accounts 167,907 126,449
Taxation and social security costs 22,331 3,774
Other creditors 1,900 1,900
233,406 199,602
6 Creditors: amounts falling due after one year 2024 2023
£ £
HP agreements 7,400 13,654
7 Other information
D & E BUILDERS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Lydmore House
St Ann's Fort
Kings Lynn
Norfolk
PE30 2EU
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