Dam Creative Carpentry& Construction Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 12052396 (England and Wales)

Unaudited Financial Statements For The Year Ended 30 June 2024

for

Dam Creative Carpentry &Construction Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D M Catt

A D Madden

REGISTERED OFFICE:

33 Baird Road

Farnborough

Hampshire

GU14 8BP

REGISTERED NUMBER:

12052396 (England and Wales)

ACCOUNTANTS:

Fuller Spurling

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

FIXED ASSETS

Intangible assets

4

10,000

12,000

Tangible assets

5

2,600

5,200

12,600

17,200

CURRENT ASSETS

Debtors

6

-

2,502

Cash at bank

1

6,183

1

8,685

CREDITORS

Amounts falling due within one year

7

21,923

16,751

NET CURRENT LIABILITIES

(21,922

)

(8,066

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,322

)

9,134

CREDITORS

Amounts falling due after more than one
year

8

4,992

8,574

NET (LIABILITIES)/ASSETS

(14,314

)

560

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

(14,316

)

558

SHAREHOLDERS' FUNDS

(14,314

)

560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

A D Madden - Director

D M Catt - Director

1.	STATUTORY INFORMATION

Dam Creative Carpentry &Construction Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a Going Concern basis, for which reliance is placed on the continuing support of the directors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised

evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

20% on cost

Taxation

Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2023

and 30 June 2024

20,000

AMORTISATION

At 1 July 2023

8,000

Charge for year

2,000

At 30 June 2024

10,000

NET BOOK VALUE

At 30 June 2024

10,000

At 30 June 2023

12,000

5.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 July 2023

and 30 June 2024

13,000

DEPRECIATION

At 1 July 2023

7,800

Charge for year

2,600

At 30 June 2024

10,400

NET BOOK VALUE

At 30 June 2024

2,600

At 30 June 2023

5,200

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

Directors' current accounts

-

2,502

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

Bank loans and overdrafts

4,560

Corporation tax

-

3,030

Social security and other taxes

2,338

1,564

VAT

7,683

6,661

Other creditors

190

936

Directors' current accounts

7,152

-

21,923

16,751

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.6.24

30.6.23

£

Bank loans - 2-5 years

4,992

8,574

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24

30.6.23

£

A D Madden and D M Catt

Balance outstanding at start of year

2,502

-

Amounts advanced

-

2,502

Amounts repaid

(2,502

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

2,502