Registration number: 02262468

D.L.P. Associates (Buildings) Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 6

D.L.P. Associates (Buildings) Limited

(Registration number: 02262468)
Statement of Financial Position as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	47,801	65,226
Current assets
Stocks	5	800	1,050
Debtors	6	2,137	30,847
Cash at bank and in hand		488	481
		3,425	32,378
Creditors: Amounts falling due within one year	7	(124,673)	(99,155)
Net current liabilities		(121,248)	(66,777)
Total assets less current liabilities		(73,447)	(1,551)
Creditors: Amounts falling due after more than one year	7	(29,411)	(50,863)
Net liabilities		(102,858)	(52,414)
Capital and reserves
Called up share capital		85	85
Profit and loss account		(102,943)	(52,499)
Shareholders' deficit		(102,858)	(52,414)

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 19 September 2025 and signed on its behalf by:
 

.........................................

Mr A P Gawn
Director

D.L.P. Associates (Buildings) Limited

Notes to the Unaudited 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: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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 provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

D.L.P. Associates (Buildings) Limited

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

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
Fixtures and fittings	15% reducing balance
Plant and machinery	20% reducing balance
Office equipment	25% reducing balance
Motor vehicles	25% reducing balance

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 debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

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 income statement 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 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 statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

D.L.P. Associates (Buildings) Limited

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

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.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	4,778	11,742	7,706	125,772	149,998
Disposals	-	-	-	(39,799)	(39,799)
At 31 March 2025	4,778	11,742	7,706	85,973	110,199
Depreciation
At 1 April 2024	3,903	10,631	7,043	63,195	84,772
Charge for the year	131	223	166	15,224	15,744
Eliminated on disposal	-	-	-	(38,118)	(38,118)
At 31 March 2025	4,034	10,854	7,209	40,301	62,398
Carrying amount
At 31 March 2025	744	888	497	45,672	47,801
At 31 March 2024	875	1,111	663	62,577	65,226

D.L.P. Associates (Buildings) Limited

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

5

Stocks

	2025 £	2024 £
Raw materials and consumables	800	1,050

6

Debtors

	2025 £	2024 £
Trade debtors	436	26,882
Other debtors	-	2,137
Prepayments	1,701	1,828
	2,137	30,847

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Bank loans and overdrafts	8	39,963	51,272
Trade creditors		1,460	1,698
Taxation and social security		3,676	3,762
Accruals and deferred income		2,250	2,250
Other creditors		77,324	40,173
		124,673	99,155

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Loans and borrowings	8	29,411	50,863

D.L.P. Associates (Buildings) Limited

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

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,693	13,128
Hire purchase contracts	23,718	37,735
	29,411	50,863

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	7,434	7,261
Bank overdrafts	18,512	31,125
Hire purchase contracts	14,017	12,886
	39,963	51,272

9	Going concern

The financial statements have been prepared on a going concern basis due to the continuing support of the directors.