REGISTERED NUMBER: 10624924 (England and Wales)

DBS-Projects Ltd

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

D B Sayer

Registered office:

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Business address:

Hillcote

Kings Loke

Hemsby

Norfolk

NR29 4HN

Registered number:

10624924 (England and Wales)

Accountants:

Fairhead Bradford

5 Queen Street

Great Yarmouth

Norfolk

NR30 2QP

Fixed assets

Tangible assets

4

49,664

59,309

Current assets

Debtors

5

37,735

130,112

Cash at bank

344,626

181,547

382,361

311,659

Creditors

Amounts falling due within one year

6

136,445

88,979

Net current assets

245,916

222,680

Total assets less current liabilities

295,580

281,989

Creditors

Amounts falling due after more than one year

7

(26,750

)

(40,072

)

Provisions for liabilities

(9,566

)

(8,989

)

Net assets

259,264

232,928

Capital and reserves

Called up share capital

100

100

Retained earnings

259,164

232,828

Shareholders' funds

259,264

232,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 22 December 2025 and were signed by:

D B Sayer - Director

1.	Statutory information

DBS-Projects Ltd 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 (£).

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 represents revenue earned under a wide variety of contracts to provide services.

Revenue is recognised as earned when, and to the extent that, the company earns the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses and disbursements but excluding value added tax.

Revenue is recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts, the amount of revenue reflects the accrual for the right to consideration by reference to the value of work performed. Revenue not billed to customers in included in trade debtors.

Sales income that is contingent on events outside the control of the company are recognised when the contingent event occurs.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

4% on cost

Tools and equipment

-

33% on reducing balance

Office equipment

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Financial instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	Employees and directors

The average number of employees during the year was 10 (2024 - 10 ) .

4.	Tangible fixed assets

Freehold

Tools and

Office

Motor

property

equipment

equipment

vehicles

Totals

£

£

£

£

£

Cost

At 1 April 2024

15,000

9,691

24,844

76,693

126,228

Additions

-

-

3,290

-

3,290

At 31 March 2025

15,000

9,691

28,134

76,693

129,518

Depreciation

At 1 April 2024

3,000

3,874

17,086

42,959

66,919

Charge for year

600

1,207

2,693

8,435

12,935

At 31 March 2025

3,600

5,081

19,779

51,394

79,854

Net book value

At 31 March 2025

11,400

4,610

8,355

25,299

49,664

At 31 March 2024

12,000

5,817

7,758

33,734

59,309

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

Motor

vehicles

£

Cost

At 1 April 2024

and 31 March 2025

23,995

Depreciation

At 1 April 2024

3,874

Charge for year

5,031

At 31 March 2025

8,905

Net book value

At 31 March 2025

15,090

At 31 March 2024

20,121

5.

Debtors: amounts falling due within one year

31/3/25

31/3/24

£

£

Trade debtors

10,911

120,980

Other debtors

26,824

9,132

37,735

130,112

6.

Creditors: amounts falling due within one year

31/3/25

31/3/24

£

£

Bank loans and overdrafts

5,556

5,556

Hire purchase contracts

5,916

6,970

Trade creditors

90,208

32,799

Taxation and social security

27,574

30,367

Other creditors

7,191

13,287

136,445

88,979

7.

Creditors: amounts falling due after more than one year

31/3/25

31/3/24

£

£

Bank loans

23,148

28,704

Hire purchase contracts

3,602

11,368

26,750

40,072

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

925

6,481

8.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31/3/25

31/3/24

£

£

D B Sayer

Balance outstanding at start of year

(4,993

)

(2,343

)

Amounts advanced

52,906

13,390

Amounts repaid

(24,951

)

(16,040

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,962

(4,993

)