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Registered number: 06323067
Davric Construction Projects Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06323067
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 154,304 157,899
154,304 157,899
CURRENT ASSETS
Stocks 5 - 12,373
Debtors 6 67,715 20,217
Cash at bank and in hand 942,447 333,886
1,010,162 366,476
Creditors: Amounts Falling Due Within One Year 7 (943,244 ) (245,925 )
NET CURRENT ASSETS (LIABILITIES) 66,918 120,551
TOTAL ASSETS LESS CURRENT LIABILITIES 221,222 278,450
PROVISIONS FOR LIABILITIES
Deferred Taxation (38,576 ) (30,001 )
NET ASSETS 182,646 248,449
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 182,546 248,349
SHAREHOLDERS' FUNDS 182,646 248,449
Page 1
Page 2
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 28 May 2026 and were signed on its behalf by:
D R Hamer
Director
28 May 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Davric Construction Projects Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06323067 . The registered office is Fieldhead 85 Skipton Road, Silsden, Keighley, BD20 9DA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 15% on the reducing balance
Plant & Machinery 25% on the reducing balance
Motor Vehicles 33.33% on the reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 9)
8 9
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 September 2024 25,965 96,638 162,217 284,820
Additions - 6,664 37,178 43,842
As at 31 August 2025 25,965 103,302 199,395 328,662
Depreciation
As at 1 September 2024 7,206 55,587 64,128 126,921
Provided during the period 2,814 11,930 32,693 47,437
As at 31 August 2025 10,020 67,517 96,821 174,358
Net Book Value
As at 31 August 2025 15,945 35,785 102,574 154,304
As at 1 September 2024 18,759 41,051 98,089 157,899
5. Stocks
2025 2024
£ £
Work in progress - 12,373
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 65,008 20,217
Other debtors 2,707 -
67,715 20,217
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 35,993 84,290
Other creditors 806,150 107,628
Taxation and social security 101,101 54,007
943,244 245,925
Page 4
Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5