Registered number
05415814
Dewhurst Homes Limited
Filleted Accounts
31 December 2024
Dewhurst Homes Limited
Registered number: 05415814
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 5,000 8,000
Tangible assets 4 5,952 11,656
10,952 19,656
Current assets
Debtors 5 55,487 35,168
Cash at bank and in hand 410,196 304,602
465,683 339,770
Creditors: amounts falling due within one year 6 (153,917) (124,029)
Net current assets 311,766 215,741
Net assets 322,718 235,397
Capital and reserves
Called up share capital 100 100
Profit and loss account 322,618 235,297
Shareholders' funds 322,718 235,397
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mark William Lawrence
Director
Approved by the board on 24 March 2025
Dewhurst Homes Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% reducing balance
Fixtures, fittings, tools and equipment 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 27 30
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 50,000
At 31 December 2024 50,000
Amortisation
At 1 January 2024 42,000
Provided during the year 3,000
At 31 December 2024 45,000
Net book value
At 31 December 2024 5,000
At 31 December 2023 8,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 January 2024 44,556 22,175 66,731
At 31 December 2024 44,556 22,175 66,731
Depreciation
At 1 January 2024 40,836 14,239 55,075
Charge for the year 3,720 1,984 5,704
At 31 December 2024 44,556 16,223 60,779
Net book value
At 31 December 2024 - 5,952 5,952
At 31 December 2023 3,720 7,936 11,656
5 Debtors 2024 2023
£ £
Other debtors 55,487 35,168
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 6,000 16,269
Taxation and social security costs 135,331 103,033
Other creditors 12,586 4,727
153,917 124,029
7 Other information
Dewhurst Homes Limited is a private company limited by shares and incorporated in England. Its registered office is:
77 Watling Street Road
Fulwood
Preston
PR2 8EA
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