DCD Plastering Limited


Directors	Dale C S Doughty
	Harry J Bird


Company Secretary	Harry J Bird


Registered Address	Unit 16 Spring Road Industrial Estate
	Lanesfield Drive
	Wolverhampton
	WV4 6UA


Registered Number	07397919 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	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.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Deferred tax
	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.

Deferred tax

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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	20
	Fixtures and fittings	20
	Vehicles	20
	Office Equipment	20

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Government grants or assistance
	Government revenue grants are recognised in the financial statements in the period in which they are received. Any related expenditure is not offset but recognised separately within the same financial period as the income is received.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	9		11

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	60,218	92,569	4,987	7,559	165,333
Additions	9,033	18,977	-	-	28,010
Disposals	-	(4,145)	-	-	(4,145)
At 31 March 25	69,251	107,401	4,987	7,559	189,198
Depreciation and impairment
At 01 April 24	44,548	39,908	1,601	2,048	88,105
Charge for year	6,720	14,056	-	-	20,776
On disposals	-	(2,787)	-	-	(2,787)
At 31 March 25	51,268	51,177	1,601	2,048	106,094
Net book value
At 31 March 25	17,983	56,224	3,386	5,511	83,104
At 31 March 24	15,670	52,661	3,386	5,511	77,228

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	607,703	405,964
Amounts owed by associates and joint ventures / participating interests	110,147	96,462
Other debtors	36,332	1,950
Prepayments and accrued income	981,905	791,241
Total	1,736,087	1,295,617

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	669,134	469,660
Bank borrowings and overdrafts	519,426	359,889
Taxation and social security	156,882	162,240
Finance lease and HP contracts	19,268	14,808
Other creditors	135,815	44,881
Accrued liabilities and deferred income	172,228	193,580
Total	1,672,753	1,245,058


	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. Bank borrowings and overdrafts include an amount due on an invoice discounting facility, with a carrying value of £489,820 (2024: £348,884), which attracts interest at a nominal value of 3% above the greater of LIBOR or Bank of England base rate. The facility is reviewed annually and secured by a debenture over the assets of the Company together with a joint and severable personal guarantee provided by Mr D C Doughty and Mr H Bird. Bank borrowings and overdrafts includes an amount of £10,000 (2024: £10,000) repayable within one year on a Business Bounce Bank loan which attracts interest at a nominal rate of 2.5%. This is 100% guaranteed by the Government.

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.

Bank borrowings and overdrafts include an amount due on an invoice discounting facility, with a carrying value of £489,820 (2024: £348,884), which attracts interest at a nominal value of 3% above the greater of LIBOR or Bank of England base rate. The facility is reviewed annually and secured by a debenture over the assets of the Company together with a joint and severable personal guarantee provided by Mr D C Doughty and Mr H Bird.

Bank borrowings and overdrafts includes an amount of £10,000 (2024: £10,000) repayable within one year on a Business Bounce Bank loan which attracts interest at a nominal rate of 2.5%. This is 100% guaranteed by the Government.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	2,500	12,500
Other creditors	15,581	14,712
Total	18,081	27,212


	Bank borrowings and overdrafts includes an amount of £2,500 (2024: £12.500) repayable after one year on a Business Bounce Bank loan which attracts interest at a nominal rate of 2.5%. This is 100% guaranteed by the Government with the final repayment being due on 12th June 2026.

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	34,849		29,520

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	8,980	8,980
Total	8,980	8,980

9.	Other commitments
	The total amount of financial commitments not included in the balance sheet is £4,343 (2024 - £16,583).

10.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Dale C S Doughty	65,422	74,677	67,500	72,599
Harry J Bird	31,039	69,009	62,500	37,548
	96,461	143,686	130,000	110,147


	These amounts are repayable upon demand and have been advanced on an unsecured and interest free basis.

11.	Guarantees provided on behalf of directors
	The invoice discount facility is partly secured by a joint and severable personal guarantee provided by Mr D C Doughty and Mr H Bird, Directors, up to £150,000.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		83,104		77,228
			83,104		77,228
Current assets
Debtors	4	1,736,087		1,295,617
Cash at bank and on hand		185,002		74,018
		1,921,089		1,369,635
Creditors amounts falling due within one year	5	(1,672,753)		(1,245,058)
Net current assets (liabilities)			248,336		124,577
Total assets less current liabilities			331,440		201,805
Creditors amounts falling due after one year	6		(18,081)		(27,212)
Provisions for liabilities	8		(8,980)		(8,980)
Net assets			304,379		165,613
Capital and reserves
Called up share capital			300		300
Profit and loss account			304,079		165,313
Shareholders' funds			304,379		165,613