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Registration number: 03558772

Dm Habens (The Builder) Limited

Annual Report and Financial Statements

for the Year Ended 31 March 2025

 

Dm Habens (The Builder) Limited

Contents

Company Information

1

Strategic Report

2 to 4

Directors' Report

5 to 6

Statement of Directors' Responsibilities

7

Independent Auditor's Report

8 to 11

Profit and Loss Account and Statement of Retained Earnings

12

Balance Sheet

13

Statement of Cash Flows

14

Notes to the Financial Statements

15 to 23

 

Dm Habens (The Builder) Limited

Company Information

Directors

Mr B Way

Mr LR Way

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Auditors

MMO Audit Services Limited
Chartered Accountants and Statutory Auditors
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

Dm Habens (The Builder) Limited

Strategic Report for the Year Ended 31 March 2025

The directors present their strategic report for the year ended 31 March 2025.

Principal activity

The principal activity of the company is builders.

Fair review of the business

The 2024/25 financial year was a successful period for the company, with turnover reaching £20.4 million, representing a 37% increase on the previous year. This growth reflects strong client relationships, successful project delivery, and expansion into new sectors, including the Ministry of Defence (MOD).

The company's key financial and other performance indicators during the year were as follows:

Financial KPIs

Unit

2025

2024

Turnover

£

20,395,486

14,916,531

Turnover movement

%

37

(15)

Gross profit margin

%

13

17

 

Dm Habens (The Builder) Limited

Strategic Report for the Year Ended 31 March 2025

Principal risks and uncertainties

Market Conditions
Rising inflation continues to create economic uncertainty. However, our primary clients remain in the public sector, which has proven more resilient to market fluctuations. Public sector investment remains stable and forms the foundation of our forward strategy.

Staff Retention
Attracting and retaining skilled staff is critical. Investments in our offices, vehicle fleet, and staff training demonstrate our commitment to employees. We continue to support the next generation through apprenticeships and work experience programmes, maintaining low staff turnover.

Health & Safety & Quality & Environmental
Health & Safety is paramount, supported by ISO 45001 certification and a robust management system.
Our ISO 9001 quality standards ensure effective risk mitigation as we scale.

Environmental sustainability is driven by ISO 14001 procedures, supporting Government targets and continuous improvement in risk reduction.


Cash Flow
The Directors remain committed to increasing retained profits to support healthy cash flow, ongoing investment, and the ability to meet client and framework obligations

Sub Contractors
Our rigorous vetting and approval process is now complemented by regular KPI checks to reduce risk and drive continuous improvement among our subcontractors, whilst where possible engaging local business to support local communities.

Future Developments

We are finalising planning permission to extend our city-based head office, adding a DDA-compliant third floor with enhanced restrooms, training suites, external spaces, and open-plan offices for a modern, accessible working environment.

Geographic expansion now includes Berkshire, West Sussex, and surrounding areas.

Investment in staff training supports our ambitions in Passive Haus construction.
We have expressed interest in new local council frameworks for repairs and maintenance, and are seeking renewal of existing county council design and build frameworks.

Engagement with stakeholders
We track progress against strategic objectives using key performance indicators (KPIs), comparing current and previous periods to monitor trends in:
• Health & Safety Compliance
• Customer Satisfaction
• Quality of Workmanship
• Time Management
• Collaborative Working
• Financial Management

 

Dm Habens (The Builder) Limited

Strategic Report for the Year Ended 31 March 2025

Section 172(1) statement

The Board of Directors believe that they have acted in the way they consider to be both in good faith and would most likely to promote the sucess of the Company for the benefit of its members as a whole (having regard to the stakeholders and matters set out in s172(1)(a-f) of the act) in the decisions taken during the year end 31 March 2024: and in so having regard, amongst ther matters to:
(a) the likely consequences of any decisions in the long term
(b) the interests of the Company's employees
(c) the need to foster the Company's business relationships with suppliers, customers and others
(d) the impact of the Company's operations on the community and the environment
(e) the desirability fo the Company maintaining a reputation for high standards of business conduct, and
(f) the need to act fairly as between members of the Company.

The Board understands the importance of engaging with all its stakeholders and regularly discusses issues concerning employees, clients, suppliers, community and environment, regulators and shareholders which inform its decision making processes.

Inherently, this is an inter-dependency on the sucess of the company and the sucess of the stakeholders.

Approved and authorised by the Board on 22 July 2025 and signed on its behalf by:
 

.........................................
Mr B Way
Director

 

Dm Habens (The Builder) Limited

Directors' Report for the Year Ended 31 March 2025

The directors present their report and the financial statements for the year ended 31 March 2025.

Directors of the company

The directors who held office during the year were as follows:

Mr B Way

Mr LR Way

Financial instruments

Objectives and policies

Our key objectives are to:
• Strengthen relationships with existing clients and expand support across additional frameworks
• Build relationships with new clients via successful framework appointments
• Further develop and promote our Joinery facilities and Q Mark Door Manufacturing
• Continuously enhance social value by:
o Developing our premises to reduce carbon footprint
o Updating our vehicle fleet
o Investing in staff training and recruitment
o Encouraging local purchasing
o Ensuring prompt payment to suppliers and subcontractors
o Supporting community projects

Price risk, credit risk, liquidity risk and cash flow risk

The construction sector faces ongoing cost pressures, including rising energy, labour, and material costs, as well as increased National Insurance contributions. Our dedicated procurement and finance teams work closely with local suppliers and subcontractors, supporting both social value and strong business relationships to protect profit margins.
Our robust balance sheet reduces credit risk, and a predominantly public sector client base lessens the risk of late or non-payment. Healthy retained profits allow us to fund projects internally without external credit.
The Directors are confident that continued prudent management and strategic planning have positioned the company for ongoing, steady financial growth.

 

Dm Habens (The Builder) Limited

Directors' Report for the Year Ended 31 March 2025

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Approved and authorised by the Board on 22 July 2025 and signed on its behalf by:
 

.........................................
Mr B Way
Director

 

Dm Habens (The Builder) Limited

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Dm Habens (The Builder) Limited

Independent Auditor's Report to the Members of Dm Habens (The Builder) Limited

Opinion

We have audited the financial statements of Dm Habens (The Builder) Limited (the 'company') for the year ended 31 March 2025, which comprise the Profit and Loss Account and Statement of Retained Earnings, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

 

Dm Habens (The Builder) Limited

Independent Auditor's Report to the Members of Dm Habens (The Builder) Limited

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors' remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 7], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

 

Dm Habens (The Builder) Limited

Independent Auditor's Report to the Members of Dm Habens (The Builder) Limited

Extent to which the audit was considered of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

• Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud;
• Reviewing minutes of meetings of those charged with governance;
• Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection;
• Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
• Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

 

Dm Habens (The Builder) Limited

Independent Auditor's Report to the Members of Dm Habens (The Builder) Limited

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Gillian McIntosh (Senior Statutory Auditor)
For and on behalf of MMO Audit Services Limited, Statutory Auditor

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

22 July 2025

 

Dm Habens (The Builder) Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 March 2025

Note

2025
£

2024
£

Turnover

3

20,395,846

14,916,531

Cost of sales

 

(17,787,727)

(12,328,268)

Gross profit

 

2,608,119

2,588,263

Administrative expenses

 

(2,068,588)

(1,544,317)

Operating profit

5

539,531

1,043,946

Other interest receivable and similar income

6

85,707

65,298

Interest payable and similar charges

7

(428)

(959)

 

85,279

64,339

Profit before tax

 

624,810

1,108,285

Taxation

10

(157,012)

(305,308)

Profit for the financial year

 

467,798

802,977

Retained earnings brought forward

 

3,249,833

2,581,856

Dividends paid

 

(50,000)

(135,000)

Retained earnings carried forward

 

3,667,631

3,249,833

 

Dm Habens (The Builder) Limited

(Registration number: 03558772)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

11

439,810

470,176

Current assets

 

Stocks

12

988,745

922,885

Debtors

13

2,884,036

1,745,633

Cash at bank and in hand

 

3,085,159

2,835,420

 

6,957,940

5,503,938

Creditors: Amounts falling due within one year

15

(3,614,166)

(2,600,737)

Net current assets

 

3,343,774

2,903,201

Total assets less current liabilities

 

3,783,584

3,373,377

Provisions for liabilities

16

(109,953)

(117,544)

Net assets

 

3,673,631

3,255,833

Capital and reserves

 

Called up share capital

6,000

6,000

Retained earnings

3,667,631

3,249,833

Shareholders' funds

 

3,673,631

3,255,833

Approved and authorised by the Board on 22 July 2025 and signed on its behalf by:
 

.........................................
Mr B Way
Director

.........................................
Mr LR Way
Director

 

Dm Habens (The Builder) Limited

Statement of Cash Flows for the Year Ended 31 March 2025

Note

2025
£

2024
£

Cash flows from operating activities

Profit for the year

 

467,798

802,977

Adjustments to cash flows from non-cash items

 

Depreciation and amortisation

5

66,725

69,907

(Profit)/loss on disposal of tangible assets

4

(3,985)

5,213

Finance income

6

(85,707)

(65,298)

Finance costs

7

428

959

Income tax expense

10

157,012

305,308

 

602,271

1,119,066

Working capital adjustments

 

(Increase)/decrease in stocks

12

(65,860)

219,927

(Increase)/decrease in trade debtors

13

(1,138,403)

957,661

Increase/(decrease) in trade creditors

15

1,133,477

(1,618,454)

Cash generated from operations

 

531,485

678,200

Income taxes paid

10

(274,132)

(174,855)

Net cash flow from operating activities

 

257,353

503,345

Cash flows from investing activities

 

Interest received

6

85,707

65,298

Acquisitions of tangible assets

(39,333)

(115,399)

Proceeds from sale of tangible assets

 

6,958

23,500

Net cash flows from investing activities

 

53,332

(26,601)

Cash flows from financing activities

 

Interest paid

7

(428)

(959)

Payments to finance lease creditors

 

(10,519)

(13,624)

Dividends paid

21

(50,000)

(135,000)

Net cash flows from financing activities

 

(60,947)

(149,583)

Net increase in cash and cash equivalents

 

249,738

327,161

Cash and cash equivalents at 1 April

 

2,835,420

2,508,259

Effect of exchange rate fluctuations on cash held

 

1

-

Cash and cash equivalents at 31 March

 

3,085,159

2,835,420

 

Dm Habens (The Builder) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

The principal place of business is:
Unit B
10 Rodney Road
Milton
Portsmouth
Hampshire
PO4 8SY

These financial statements were authorised for issue by the Board on 22 July 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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

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.

All figures are presented in British Sterling, which is the functional currency of the company, and are rounded to the nearest £1.

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.

 

Dm Habens (The Builder) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Government grants

Government grants relating to revenue expenditure are recognised in income over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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

Leasehold property

straight line over 125 years

Leasehold improvements

5% reducing balance basis

Plant and machinery

20% reducing balance basis

Office furniture

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Computer equipment

25% reducing balance basis

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.

Trade 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.

 

Dm Habens (The Builder) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

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.

Trade 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.

 

Dm Habens (The Builder) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Turnover

The analysis of the company's Turnover for the year from continuing operations is as follows:

2025
£

2024
£

Sale of goods

20,395,846

14,916,531

4

Other gains and losses

The analysis of the company's other gains and losses for the year is as follows:

2025
£

2024
£

Gain/(loss) on disposal of Tangible assets

3,985

(5,213)

5

Operating profit

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

66,725

69,907

Operating lease expense - plant and machinery

100,154

74,297

Operating lease expense - other

31,332

33,301

(Profit)/loss on disposal of property, plant and equipment

(3,985)

5,213

6

Other interest receivable and similar income

2025
£

2024
£

Interest income on bank deposits

85,483

64,718

Other finance income

224

580

85,707

65,298

7

Interest payable and similar expenses

2025
£

2024
£

Interest on obligations under finance leases and hire purchase contracts

428

959

 

Dm Habens (The Builder) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

8

Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

2025
£

2024
£

Wages and salaries

1,785,976

1,133,330

Social security costs

204,347

114,110

Pension costs, defined contribution scheme

144,665

158,484

Other employee expense

180

-

2,135,168

1,405,924

The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:

2025
No.

2024
No.

Other departments

35

29

35

29

9

Directors' remuneration

The directors' remuneration for the year was as follows:

2025
£

2024
£

Remuneration

215,000

30,000

Contributions paid to money purchase schemes

120,000

121,188

335,000

151,188

10

Taxation

Tax charged/(credited) in the profit and loss account

2025
£

2024
£

Current taxation

UK corporation tax

164,603

273,909

Deferred taxation

Arising from origination and reversal of timing differences

(7,591)

31,399

Tax expense in the income statement

157,012

305,308

 

Dm Habens (The Builder) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

11

Tangible assets

Long leasehold land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

290,521

15,683

178,610

18,528

310,768

814,110

Additions

2,370

-

12,561

5,234

19,168

39,333

Disposals

-

-

-

-

(12,530)

(12,530)

At 31 March 2025

292,891

15,683

191,171

23,762

317,406

840,913

Depreciation

At 1 April 2024

77,371

8,171

48,106

8,735

201,551

343,934

Charge for the year

5,515

1,879

28,616

3,755

26,961

66,726

Eliminated on disposal

-

-

-

-

(9,557)

(9,557)

At 31 March 2025

82,886

10,050

76,722

12,490

218,955

401,103

Carrying amount

At 31 March 2025

210,005

5,633

114,449

11,272

98,451

439,810

At 31 March 2024

213,150

7,512

130,504

9,793

109,217

470,176

Included within the net book value of land and buildings above is £210,005 (2024 - £213,150) in respect of long leasehold land and buildings.
 

 

Dm Habens (The Builder) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

12

Stocks

2025
£

2024
£

Work in progress

968,180

904,426

Other inventories

20,565

18,459

988,745

922,885

13

Debtors

Current

2025
£

2024
£

Trade debtors

2,806,875

1,666,174

Prepayments

77,161

79,459

 

2,884,036

1,745,633

14

Cash and cash equivalents

2025
£

2024
£

Cash on hand

5

581

Cash at bank

284,530

212,715

Short-term deposits

2,800,624

2,622,124

3,085,159

2,835,420

15

Creditors

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

19

-

10,519

Trade creditors

 

2,135,671

1,456,373

Social security and other taxes

 

673,193

230,940

Outstanding defined contribution pension costs

 

5,005

4,191

Accruals

 

636,497

625,385

Corporation tax liability

10

163,800

273,329

 

3,614,166

2,600,737

 

Dm Habens (The Builder) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

16

Provisions for liabilities

Deferred tax
£

Total
£

At 1 April 2024

117,544

117,544

Increase (decrease) in existing provisions

(7,591)

(7,591)

At 31 March 2025

109,953

109,953

17

Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £144,665 (2024 - £158,484).

Contributions totalling £5,005 (2024 - £4,191) were payable to the scheme at the end of the year and are included in creditors.

18

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

5,000

5,000

5,000

5,000

Ordinary A of £1 each

1,000

1,000

1,000

1,000

6,000

6,000

6,000

6,000

19

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Hire purchase contracts

-

10,519

 

Dm Habens (The Builder) Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

20

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2025
£

2024
£

Not later than one year

94,989

69,373

Later than one year and not later than five years

-

138,746

94,989

208,119

The amount of non-cancellable operating lease payments recognised as an expense during the year was £100,154 (2024 - £74,297).

21

Dividends

Interim dividends paid

2025
£

2024
£

Interim dividend of £Nil per each Ordinary

-

-

Interim dividend of £50 (2024 - £135) per each Ordinary A

50,000

135,000

50,000

135,000