IRIS Accounts Production v25.1.4.42 01128563 Board of Directors 1.11.23 31.10.24 31.10.24 15.7.2025 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh011285632023-10-31011285632024-10-31011285632023-11-012024-10-31011285632022-10-31011285632022-11-012023-10-31011285632023-10-3101128563ns15:EnglandWales2023-11-012024-10-3101128563ns14:PoundSterling2023-11-012024-10-3101128563ns10:Director12023-11-012024-10-3101128563ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3101128563ns10:SmallEntities2023-11-012024-10-3101128563ns10:Audited2023-11-012024-10-3101128563ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3101128563ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3101128563ns10:FullAccounts2023-11-012024-10-3101128563ns10:Director32023-11-012024-10-3101128563ns10:CompanySecretary12023-11-012024-10-3101128563ns10:RegisteredOffice2023-11-012024-10-3101128563ns5:CurrentFinancialInstruments2024-10-3101128563ns5:CurrentFinancialInstruments2023-10-3101128563ns5:ShareCapital2024-10-3101128563ns5:ShareCapital2023-10-3101128563ns5:RetainedEarningsAccumulatedLosses2024-10-3101128563ns5:RetainedEarningsAccumulatedLosses2023-10-3101128563ns5:PlantMachinery2023-11-012024-10-3101128563ns5:FurnitureFittings2023-11-012024-10-3101128563ns5:MotorVehicles2023-11-012024-10-3101128563ns5:PlantMachinery2023-10-3101128563ns5:FurnitureFittings2023-10-3101128563ns5:MotorVehicles2023-10-3101128563ns5:PlantMachinery2024-10-3101128563ns5:FurnitureFittings2024-10-3101128563ns5:MotorVehicles2024-10-3101128563ns5:PlantMachinery2023-10-3101128563ns5:FurnitureFittings2023-10-3101128563ns5:MotorVehicles2023-10-3101128563ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3101128563ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3101128563ns5:WithinOneYear2024-10-3101128563ns5:WithinOneYear2023-10-3101128563ns5:BetweenOneFiveYears2024-10-3101128563ns5:BetweenOneFiveYears2023-10-3101128563ns5:MoreThanFiveYears2024-10-3101128563ns5:MoreThanFiveYears2023-10-3101128563ns5:AllPeriods2024-10-3101128563ns5:AllPeriods2023-10-3101128563ns5:DeferredTaxation2023-10-3101128563ns5:DeferredTaxation2024-10-31
REGISTERED NUMBER: 01128563 (England and Wales)












R V DART & SON (BUILDERS) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






R V DART & SON (BUILDERS) LIMITED (REGISTERED NUMBER: 01128563)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


R V DART & SON (BUILDERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: M Westhead
C J Andrews


SECRETARY: Mrs S Buckley


REGISTERED OFFICE: Unit 14, Westlink
Belbins Business Park
Cupernham Lane
Romsey
Hampshire
SO51 7JF


REGISTERED NUMBER: 01128563 (England and Wales)


SENIOR STATUTORY AUDITOR: Gary Brown FCCA


AUDITORS: Hopper Williams & Bell Limited
Statutory Auditor
Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR


BANKERS: National Westminster Bank plc
12 High Street
Southampton
Hampshire
SO14 2BF

R V DART & SON (BUILDERS) LIMITED (REGISTERED NUMBER: 01128563)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 69,554 24,995

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 5 2,588,572 2,366,910
Cash at bank and in hand 1,118,328 764,098
3,707,900 3,132,008
CREDITORS
Amounts falling due within one year 6 (1,672,367 ) (1,224,660 )
NET CURRENT ASSETS 2,035,533 1,907,348
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,105,087

1,932,343

PROVISIONS FOR LIABILITIES 8 (24,996 ) (1,011 )
NET ASSETS 2,080,091 1,931,332

CAPITAL AND RESERVES
Called up share capital 1,200 1,200
Retained earnings 2,078,891 1,930,132
SHAREHOLDERS' FUNDS 2,080,091 1,931,332

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by:





M Westhead - Director


R V DART & SON (BUILDERS) LIMITED (REGISTERED NUMBER: 01128563)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

R V Dart & Son (Builders) 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Amounts recoverable on contracts comprises work completed or measured parts thereof not yet invoiced to customers and is stated after making due allowance for irrecoverable amounts and provision for snagging costs. Profit on contracting activities is taken as work progresses, unless a more conservative approach is necessary. The percentage margin on each individual contract is the lower of the margin earned to date and that forecast to completion, taking account of agreed claims. Full provision is made for all known or expected losses on individual contracts. Amounts recoverable on contracts are included in debtors.

Where a contract has been invoiced in advance, the relevant amount has been excluded from turnover and included as deferred income in other creditors.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% Reducing balance
Fixtures and fittings - 20% Reducing balance
Motor vehicles - 25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

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

R V DART & SON (BUILDERS) LIMITED (REGISTERED NUMBER: 01128563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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

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.

Leasing commitments
Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme, the annual contributions payable are charged to the Profit and Loss account.

Financial assets
The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

R V DART & SON (BUILDERS) LIMITED (REGISTERED NUMBER: 01128563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 November 2023 2,862 26,010 132,808 161,680
Additions 153 707 58,092 58,952
Disposals - (1,921 ) (34,350 ) (36,271 )
At 31 October 2024 3,015 24,796 156,550 184,361
DEPRECIATION
At 1 November 2023 1,993 18,047 116,645 136,685
Charge for year 187 1,662 8,206 10,055
Eliminated on disposal - (1,711 ) (30,222 ) (31,933 )
At 31 October 2024 2,180 17,998 94,629 114,807
NET BOOK VALUE
At 31 October 2024 835 6,798 61,921 69,554
At 31 October 2023 869 7,963 16,163 24,995

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 569,163 290,129
Amounts owed by group undertakings 1,814,197 1,715,735
Amounts recoverable on contracts 185,359 73,424
Other debtors 19,853 287,622
2,588,572 2,366,910

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 772,203 491,064
Taxation and social security 342,551 291,046
Other creditors 557,613 442,550
1,672,367 1,224,660

R V DART & SON (BUILDERS) LIMITED (REGISTERED NUMBER: 01128563)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 73,351 73,259
Between one and five years 177,170 211,411
In more than five years 5,250 42,750
255,771 327,420

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 12,600 1,011
Other provisions 12,396 -
24,996 1,011

Deferred tax
£
Balance at 1 November 2023 1,011
Accelerated capital allowances 11,589
Balance at 31 October 2024 12,600

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gary Brown FCCA (Senior Statutory Auditor)
for and on behalf of Hopper Williams & Bell Limited