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Company No: 14925805 (England and Wales)

D&D DRYLINING SOUTH EAST LTD

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

D&D DRYLINING SOUTH EAST LTD

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

D&D DRYLINING SOUTH EAST LTD

COMPANY INFORMATION

For the financial year ended 31 March 2025
D&D DRYLINING SOUTH EAST LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025
Directors Derek Barton
David Barton
Lee Sorenson
Registered office Barton House
Barton's Court
The Street
Bredhurst
Kent
ME7 3LQ
United Kingdom
Company number 14925805 (England and Wales)
Accountant Kreston Reeves LLP
37 St Margarets Street
Canterbury
Kent
CT1 2TU

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF D&D DRYLINING SOUTH EAST LTD

For the financial year ended 31 March 2025

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF D&D DRYLINING SOUTH EAST LTD (continued)

For the financial year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D&D Drylining South East Ltd for the financial year ended 31 March 2025 which comprise the Balance Sheet and the related notes 1 to 8 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that D&D Drylining South East Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D&D Drylining South East Ltd. You consider that D&D Drylining South East Ltd is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of D&D Drylining South East Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of D&D Drylining South East Ltd, as a body, in accordance with the terms of our engagement letter dated 17 July 2023. Our work has been undertaken solely to prepare for your approval the financial statements of D&D Drylining South East Ltd and state those matters that we have agreed to state to the Board of Directors of D&D Drylining South East Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D&D Drylining South East Ltd and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

37 St Margarets Street
Canterbury
Kent
CT1 2TU

02 July 2025

D&D DRYLINING SOUTH EAST LTD

BALANCE SHEET

As at 31 March 2025
D&D DRYLINING SOUTH EAST LTD

BALANCE SHEET (continued)

As at 31 March 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 16,668 1,875
16,668 1,875
Current assets
Debtors 4 761,793 371,243
Cash at bank and in hand 567,711 263,595
1,329,504 634,838
Creditors: amounts falling due within one year 5 ( 626,232) ( 432,299)
Net current assets 703,272 202,539
Total assets less current liabilities 719,940 204,414
Net assets 719,940 204,414
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 719,840 204,314
Total shareholders' funds 719,940 204,414

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of D&D Drylining South East Ltd (registered number: 14925805) were approved and authorised for issue by the Board of Directors on 02 July 2025. They were signed on its behalf by:

Derek Barton
Director
D&D DRYLINING SOUTH EAST LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
D&D DRYLINING SOUTH EAST LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

D&D Drylining South East Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Barton House, Barton's Court, The Street, Bredhurst, Kent, ME7 3LQ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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 credited or charged to profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors 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 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 7 3

3. Tangible assets

Plant and machinery Office equipment Total
£ £ £
Cost
At 01 April 2024 0 1,915 1,915
Additions 13,362 3,852 17,214
At 31 March 2025 13,362 5,767 19,129
Accumulated depreciation
At 01 April 2024 0 40 40
Charge for the financial year 1,435 986 2,421
At 31 March 2025 1,435 1,026 2,461
Net book value
At 31 March 2025 11,927 4,741 16,668
At 31 March 2024 0 1,875 1,875

4. Debtors

2025 2024
£ £
Trade debtors 702,577 267,452
Amounts owed by associates 14,028 0
Other debtors 45,188 103,791
761,793 371,243

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 256,573 256,809
Amounts owed to associates 0 84,131
Taxation and social security 113,306 69,282
Other creditors 256,353 22,077
626,232 432,299

6. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 0.01 each 100 100

7. Related party transactions

All payments made to the directors were made under normal market conditions.

8. Ultimate controlling party

There is no overall controlling party of the company.