REGISTERED NUMBER: 04869855 (England and Wales)

Financial Statements for the Year Ended 28th February 2025

for

DAC Contracting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr C Peterson BSc

Mr K Lord BSc

Mr L B Polding

Mr G E Randell

SECRETARY:

Mr C Peterson BSc

REGISTERED OFFICE:

Ground Floor

Southway House

29 Southway

Colchester

Essex

CO2 7BA

REGISTERED NUMBER:

04869855 (England and Wales)

FIXED ASSETS

Tangible assets

4

812,210

719,695

CURRENT ASSETS

Debtors

5

2,208,736

1,518,367

Cash at bank

1,623,354

1,843,113

3,832,090

3,361,480

CREDITORS

Amounts falling due within one year

6

2,464,796

2,145,409

NET CURRENT ASSETS

1,367,294

1,216,071

TOTAL ASSETS LESS CURRENT LIABILITIES

2,179,504

1,935,766

CREDITORS

Amounts falling due after more than one year

7

(122,497

)

(79,869

)

PROVISIONS FOR LIABILITIES

(197,301

)

(171,054

)

NET ASSETS

1,859,706

1,684,843

CAPITAL AND RESERVES

Called up share capital

9

100

100

Share premium

43,952

43,952

Retained earnings

1,815,654

1,640,791

SHAREHOLDERS' FUNDS

1,859,706

1,684,843

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 18th November 2025 and were signed on its behalf by:

Mr C Peterson BSc - Director

Mr K Lord BSc - Director

1.	STATUTORY INFORMATION

DAC Contracting Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest whole £1, except where otherwise indicated.

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.

Turnover

Turnover consists of income derived from short term contracts. Income is recognised at the time of the delivery of the service, by reference to the value of measured work at agreed cubic metre rates and other associated costs. Invoices raised are net of discounts and value added tax.

Tangible fixed assets

Assets are recorded at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance

Office equipment - 25% on reducing balance

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legal enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Amounts recoverable on contracts

Amounts recoverable on contracts are valued on the sales value of uncertified work as at the balance sheet date.

Retentions

Retentions are recognised as turnover and a provision is made for those that do not have a reasonable expectation of being recovered (without incurring further costs).

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2024 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

machinery

equipment

Totals

£

£

£

COST

At 1st March 2024

1,378,198

-

1,378,198

Additions

348,926

540

349,466

Disposals

(92,999

)

-

(92,999

)

At 28th February 2025

1,634,125

540

1,634,665

DEPRECIATION

At 1st March 2024

658,503

-

658,503

Charge for year

233,066

56

233,122

Eliminated on disposal

(69,170

)

-

(69,170

)

At 28th February 2025

822,399

56

822,455

NET BOOK VALUE

At 28th February 2025

811,726

484

812,210

At 29th February 2024

719,695

-

719,695

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1st March 2024

555,784

Additions

323,496

Transfer to ownership

(161,484

)

At 28th February 2025

717,796

DEPRECIATION

At 1st March 2024

233,837

Charge for year

137,566

Transfer to ownership

(122,229

)

At 28th February 2025

249,174

NET BOOK VALUE

At 28th February 2025

468,622

At 29th February 2024

321,947

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,903,601

1,343,325

Other debtors

305,135

175,042

2,208,736

1,518,367

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

148,592

139,529

Trade creditors

1,170,651

1,066,584

Amounts owed to group undertakings

730,437

593,362

Taxation and social security

312,437

292,306

Other creditors

102,679

53,628

2,464,796

2,145,409

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

122,497

79,869

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

271,089

219,398

Secured on fixed assets concerned.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

26

Ordinary A

£1

26

26

26

Ordinary B

£1

26

26

24

Ordinary C

£1

24

24

24

Ordinary D

£1

24

24

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Jacqueline Frost ACA (Senior Statutory Auditor)

for and on behalf of TC Group

11.	FINANCIAL GUARANTEES

The company has provided a guarantee as security for the parent company's bank borrowings. The guarantee is limited to £373,458.

12.	RELATED PARTY DISCLOSURES

13.	ULTIMATE CONTROLLING PARTY