Triple D Construction Ltd - Limited company accounts 25.1

REGISTERED NUMBER: 11226990 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

TRIPLE D CONSTRUCTION LTD

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

8

Statement of Financial Position

9

Notes to the Financial Statements

10

DIRECTORS:

M W Davey

D J Williams

REGISTERED OFFICE:

Trethorne

Kennards House

Lauceston

Conwall

PL15 8QE

REGISTERED NUMBER:

11226990 (England and Wales)

AUDITORS:

Mitchells

Chartered Accountants and Statutory Auditors

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

The directors present their strategic report for the year ended 31 March 2025.

REVIEW OF BUSINESS

Triple D Construction Limited is a prominent provider of construction services in the South West, specialising in high-quality housing developments and bespoke construction projects. The company offers a comprehensive service, from initial project planning and site preparation to full construction and handover. This integrated approach, combining in-house expertise and exceptional client service, has been pivotal to the company's continued growth and success.

For the year ending March 2025, Triple D Construction has shown resilience and adaptability in securing significant new contracts in the residential sector, despite ongoing challenges in the wider construction industry. The company's commitment to delivering reliable, high-quality services has strengthened its reputation and supported its ability to attract and retain new clients.

Triple D Construction's focus on sustainable construction methods and innovative project delivery has allowed the company to build a diverse portfolio of successful projects, establishing itself as a trusted partner in the competitive construction market.

PRINCIPAL RISKS AND UNCERTAINTIES

The construction sector faces several risks, including economic uncertainty, inflationary pressures, and supply chain challenges. Rising material costs and delays in deliveries have impacted the sector, but Triple D Construction has proactively mitigated these risks through strong supplier relationships and the use of alternative procurement strategies, ensuring timely access to materials at competitive prices.

The company's reliance on the construction market has also been supported by robust demand for quality housing in the South West, reducing exposure to economic fluctuations in other sectors. However, inflationary pressures and fluctuating consumer confidence remain key risks. The directors continue to monitor these factors closely, implementing financial controls and cost-management strategies to safeguard the company's stability.

Health and safety remain a priority, with ongoing investments in training, equipment, and compliance initiatives to maintain a safe working environment and reduce on-site risks. These measures ensure the company meets all regulatory standards while protecting employees and contractors.

ON BEHALF OF THE BOARD:

M W Davey - Director

25 November 2025

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of building and construction.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

M W Davey

D J Williams

GOING CONCERN

The directors have prepared the financial statements on a going concern basis, supported by forecasted information covering at least 12 months from the approval date of these statements. This demonstrates the company's ability to meet its liabilities as they fall due.

The directors are confident in the company's ability to continue as a going concern, underpinned by a strong pipeline of residential contracts, solid client relationships, and a growing reputation for quality and reliability in the construction market.

PERFORMANCE INDICATORS

The board of directors uses the following key performance indicators (KPIs) to monitor the company's performance and ensure objectives are met:

- Monthly review of turnover and project margins.

- Percentage of costs to turnover.

- Project cost monitoring and control.

- Timeliness of project completions.

- Quality assurance metrics across all projects.

- Weekly trade debtor and cashflow analysis.

- Client satisfaction and referral rates.

- Employee productivity and training effectiveness.

- Safety performance, including incident reporting and compliance.

- Environmental impact and sustainability measures.

These KPIs provide the company with valuable insights into operational performance and ensure that the highest standards are consistently achieved across all areas of the business.

ENGAGEMENT WITH EMPLOYEES

The company places significant emphasis on recruiting individuals who are best suited for the roles they are appointed to and provides comprehensive support for training and professional development. Health and safety are embedded in the company's recruitment and employment practices, ensuring that all employees work in a secure environment.

Wherever possible, the company arranges retraining and redeployment opportunities for employees who acquire disabilities, enabling them to continue contributing in roles that align with their skills and aptitudes.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Mitchells, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

M W Davey - Director

25 November 2025

Opinion

We have audited the financial statements of Triple D Construction Ltd (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Directors.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Enquiry of management and those charged with governance around actual and potential litigation and claims.

- Enquiry of entity staff to identify any instances of non-compliance with laws and regulations.

- Reviewing minutes of meetings of those charged with governance.

- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

- Auditing the risk of management override of controls, including through testing journal entries and other adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the normal course of business.

Due to the inherent limitations of an audit, there is a risk that we will not detect all irregularities. It is the primary responsibility of management and those charged with governance to ensure that the entity's operations are conducted in accordance with the provisions of the laws and regulations and for the prevention and detection of fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

James R Biggs (Senior Statutory Auditor)

for and on behalf of Mitchells

Chartered Accountants and Statutory Auditors

St. John's House,

Castle Street,

Taunton

Somerset

TA1 4AY

25 November 2025

TURNOVER

9,441,017

8,714,627

Cost of sales

6,944,476

5,965,137

GROSS PROFIT

2,496,541

2,749,490

Administrative expenses

404,584

302,396

2,091,957

2,447,094

Other operating income

1,250

-

OPERATING PROFIT

4

2,093,207

2,447,094

Interest receivable and similar income

7,958

6,552

2,101,165

2,453,646

Interest payable and similar expenses

41,983

27,015

PROFIT BEFORE TAXATION

2,059,182

2,426,631

Tax on profit

5

515,542

456,650

PROFIT FOR THE FINANCIAL YEAR

1,543,640

1,969,981

FIXED ASSETS

Tangible assets

6

578,174

463,958

Investments

7

1

Investment property

8

-

522,459

578,175

986,418

CURRENT ASSETS

Stocks

2,075,996

904,903

Debtors

9

1,563,712

1,667,582

Cash at bank and in hand

2,017,330

1,699,434

5,657,038

4,271,919

CREDITORS

Amounts falling due within one year

10

3,064,282

2,253,327

NET CURRENT ASSETS

2,592,756

2,018,592

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,170,931

3,005,010

PROVISIONS FOR LIABILITIES

144,544

115,990

NET ASSETS

3,026,387

2,889,020

CAPITAL AND RESERVES

Called up share capital

1,200

Retained earnings

3,025,187

2,887,820

3,026,387

2,889,020

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 25 November 2025 and were signed on its behalf by:

M W Davey - Director

D J Williams - Director

1.	STATUTORY INFORMATION

Triple D Construction 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:

- The amount of revenue can be reliably measured;

- It is probably that future economic benefits will flow to the entity;

- And specific criteria have been met for each of the company's activities.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

12% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

12% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those

overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

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 - 6 ) .

31.3.25

31.3.24

£

Directors' remuneration

-

Directors' pension contributions to money purchase schemes

60,000

-

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.3.25

31.3.24

£

Depreciation - owned assets

72,244

56,446

5.

TAXATION

Analysis of the tax charge

The tax charge on the profit for the year was as follows:

31.3.25

31.3.24

£

Current tax:

UK corporation tax

486,988

444,356

Deferred tax

28,554

12,294

Tax on profit

515,542

456,650

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 April 2024

538,037

10,747

64,435

613,219

Additions

180,190

1,964

7,500

189,654

Disposals

-

(483

)

(3,000

)

(3,483

)

At 31 March 2025

718,227

12,228

68,935

799,390

DEPRECIATION

At 1 April 2024

134,282

4,352

10,627

149,261

Charge for year

64,287

1,235

6,722

72,244

Eliminated on disposal

-

(80

)

(209

)

(289

)

At 31 March 2025

198,569

5,507

17,140

221,216

NET BOOK VALUE

At 31 March 2025

519,658

6,721

51,795

578,174

At 31 March 2024

403,755

6,395

53,808

463,958

7.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

8.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

522,459

Additions

7,941

Reclassification/transfer

(530,400

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

522,459

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

712,421

966,552

Other debtors

851,291

701,030

1,563,712

1,667,582

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

425,360

483,280

Taxation and social security

187,815

523,685

Other creditors

2,451,107

1,246,362

3,064,282

2,253,327

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

Within one year

-

5,000

12.	RELATED PARTY DISCLOSURES

The company entered into transactions with related parties during the year. Details of these transactions and year-end balances are set out below.

Parent Undertaking

The company is controlled by Brownbrink Ltd, which holds the majority of the issued share capital. During the year, the company incurred interest of £34,224 (2024: £22,816) on an unsecured intercompany loan (shown in other creditors), with a closing balance of £2,034,816 (2024: £1,064,896). Dividends paid totalled £1,149,408 (2024: £1,324,400). Trade balances at the year end comprised trade creditors of £26,238 (2024: £14,402) and trade debtors of £(35,101) (2024: £51,527).