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D R Formwork Limited
Unaudited Financial Statements
For The Year Ended 30 November 2024
D & K Accountancy Services
Solar House
915 High Road
London
N12 8QJ
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 07443929
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 703,215 694,613
703,215 694,613
CURRENT ASSETS
Debtors 5 1,011,261 916,080
Cash at bank and in hand 548,892 252,042
1,560,153 1,168,122
Creditors: Amounts Falling Due Within One Year 6 (68,126 ) (4,077 )
NET CURRENT ASSETS (LIABILITIES) 1,492,027 1,164,045
TOTAL ASSETS LESS CURRENT LIABILITIES 2,195,242 1,858,658
NET ASSETS 2,195,242 1,858,658
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 2,195,142 1,858,558
SHAREHOLDERS' FUNDS 2,195,242 1,858,658
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Edward Ryan
Director
Mr Darren Kelly
Director
31/08/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
D R Formwork Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07443929 . The registered office is Solar House, 915 High Road, London, N12 8QJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
2 2
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 December 2023 687,019 151,353 4,950 843,322
Additions - - 14,000 14,000
As at 30 November 2024 687,019 151,353 18,950 857,322
Depreciation
As at 1 December 2023 - 145,847 2,862 148,709
Provided during the period - 1,376 4,022 5,398
As at 30 November 2024 - 147,223 6,884 154,107
Net Book Value
As at 30 November 2024 687,019 4,130 12,066 703,215
As at 1 December 2023 687,019 5,506 2,088 694,613
Page 2
Page 3
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 751,523 751,523
Corporation tax on directors loan 34,867 34,867
VAT Control A/c 64,748 19,669
Paye Control Account 134,109 65,507
Directors' loan accounts 26,014 44,514
1,011,261 916,080
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 39,089 (26,011 )
Corporation tax 1 1
Net wages - 1,051
Other creditors (2) 3,686 3,686
Accruals 25,350 25,350
68,126 4,077
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 December 2023 Amounts advanced Amounts repaid Amounts written off As at 30 November 2024
£ £ £ £ £
Mr Edward Ryan 22,257 - - - -
Mr Darren Kelly 22,257 - - - -
The above directors loan is unsecured, interest free and was repaid within 9 months of the year end.
Page 3