Company Registration No. 10521748 (England and Wales)
DG Construction Group Ltd
Unaudited accounts
for the year ended 31 December 2024
DG Construction Group Ltd
Unaudited accounts
Contents
DG Construction Group Ltd
Company Information
for the year ended 31 December 2024
Company Number
10521748 (England and Wales)
Registered Office
Ground Floor Unit S
Roentgen Road
Basingstoke
RG24 8NG
Accountants
Woods Russell Limited
First Floor Unit S
Loddon Business Centre
Roentgen Road
Basingstoke
RG24 8NG
DG Construction Group Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
239,720
217,693
Cash at bank and in hand
445,138
384,900
Creditors: amounts falling due within one year
(274,393)
(118,929)
Net current assets
371,465
375,848
Total assets less current liabilities
611,285
593,641
Creditors: amounts falling due after more than one year
(52,692)
(41,666)
Provisions for liabilities
Deferred tax
(59,928)
(52,573)
Net assets
498,665
499,402
Called up share capital
100
100
Profit and loss account
498,565
499,302
Shareholders' funds
498,665
499,402
For the year ending 31 December 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 September 2025 and were signed on its behalf by
Mr Dean Grimes
Director
Company Registration No. 10521748
DG Construction Group Ltd
Notes to the Accounts
for the year ended 31 December 2024
DG Construction Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 10521748. The registered office is Ground Floor Unit S, Roentgen Road, Basingstoke, RG24 8NG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance method
Motor vehicles
20% Reducing balance method
Computer equipment
20% Reducing balance method
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
DG Construction Group Ltd
Notes to the Accounts
for the year ended 31 December 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Short term debtors are measured at the transaction price less any impairment.
Short term creditors are measured at transaction price.
Investments in shares in subsidiaries are recognised at cost and are included at fair value with movements in fair value recognised in profit or loss.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
163,175
190,492
9,015
362,682
Additions
6,725
77,677
-
84,402
Disposals
-
(7,500)
-
(7,500)
At 31 December 2024
169,900
260,669
9,015
439,584
At 1 January 2024
66,102
73,460
5,427
144,989
Charge for the year
20,750
38,450
717
59,917
On disposals
-
(5,042)
-
(5,042)
At 31 December 2024
86,852
106,868
6,144
199,864
At 31 December 2024
83,048
153,801
2,871
239,720
At 31 December 2023
97,073
117,032
3,588
217,693
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
111,694
62,453
5
Investments
Subsidiary undertakings
Valuation at 1 January 2024
100
Valuation at 31 December 2024
100
DG Construction Group Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
146,197
38,703
Accrued income and prepayments
8,523
10,106
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,760
6,597
Obligations under finance leases and hire purchase contracts
27,492
23,675
Trade creditors
109,748
44,437
Amounts owed to group undertakings and other participating interests
100
100
Taxes and social security
122,390
24,805
Other creditors
1,432
11,764
Loans from directors
256
2,336
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
29,348
9,805
Finance lease and Hire Purchase contracts are secured over the assets to which they relate.
Other bank loans are secure over the assets of the company and charged at commercial interest rates.
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Deferred taxation
2024
2023
Accelerated capital allowances
59,928
52,573
Provision at start of year
52,573
24,095
Charged to the profit and loss account
7,355
28,478
Provision at end of year
59,928
52,573
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).