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Registered number: 06436944
DAMSON NEW BUILD LIMITED
Unaudited Financial Statements
For The Year Ended 30 September 2025
Shah & Co (Accountants) Ltd
Chartered Certified Accountants
1st Floor Cashs Business Centre
228 Widdrington Road
Coventry
West Midlands
CV1 4PB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 06436944
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 266,745 274,771
Investments 5 85,000 85,000
351,745 359,771
CURRENT ASSETS
Stocks 6 918,581 34,451
Debtors 7 428,774 1,053,050
Cash at bank and in hand 158,730 57,244
1,506,085 1,144,745
Creditors: Amounts Falling Due Within One Year 8 (1,112,743 ) (447,696 )
NET CURRENT ASSETS (LIABILITIES) 393,342 697,049
TOTAL ASSETS LESS CURRENT LIABILITIES 745,087 1,056,820
Creditors: Amounts Falling Due After More Than One Year 9 (512,969 ) (815,245 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 12 (19,594 ) (18,426 )
NET ASSETS 212,524 223,149
CAPITAL AND RESERVES
Called up share capital 14 104 104
Profit and Loss Account 212,420 223,045
SHAREHOLDERS' FUNDS 212,524 223,149
Page 1
Page 2
For the year ending 30 September 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 director acknowledges his 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.
On behalf of the board
Mr Parimal Tanna
Director
02/06/2026
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
DAMSON NEW BUILD LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 06436944 . The registered office is Cash's Business Centre, 1st Floor, 228 Widdrington Road, Coventry, West Midlands, CV1 4PB.
The presentation currency of the financial statements is the Pound Sterling (£).
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:
Freehold 2% on cost
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 25% on reducing balance
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2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. 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.
2.6. 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 9)
9 9
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4. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2024 232,530 172,167 14,458 26,155 445,310
Additions - - 12,500 833 13,333
As at 30 September 2025 232,530 172,167 26,958 26,988 458,643
Depreciation
As at 1 October 2024 55,812 83,420 10,589 20,718 170,539
Provided during the period 4,651 13,312 2,455 941 21,359
As at 30 September 2025 60,463 96,732 13,044 21,659 191,898
Net Book Value
As at 30 September 2025 172,067 75,435 13,914 5,329 266,745
As at 1 October 2024 176,718 88,747 3,869 5,437 274,771
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Plant & Machinery 71,693 84,345
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 October 2024 85,000
As at 30 September 2025 85,000
Provision
As at 1 October 2024 -
As at 30 September 2025 -
Net Book Value
As at 30 September 2025 85,000
As at 1 October 2024 85,000
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6. Stocks
2025 2024
£ £
Stock 918,581 34,451
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 368,363 705,865
Other debtors 60,411 347,185
428,774 1,053,050
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,893 17,169
Trade creditors 618,450 322,126
Bank loans and overdrafts 12,999 32,150
Other creditors 401,438 62,071
Taxation and social security 73,963 14,180
1,112,743 447,696
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts - 5,352
Bank loans 222,969 289,393
Private loans 290,000 520,500
512,969 815,245
10. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 5,893 22,521
Bank loans and overdrafts 244,417 289,393
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11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 5,893 17,169
Later than one year and not later than five years - 5,352
5,893 22,521
5,893 22,521
12. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 19,594 18,426
13. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 October 2024 18,426 18,426
Additions 1,168 1,168
Balance at 30 September 2025 19,594 19,594
14. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 104 104
15. Directors Advances, Credits and Guarantees
Included within the other creditors, the amount owed to the directors is £ 258 (2024 £ 594). The loans are unsecured, interest free and with no fixed date of repayment.
16. Related Party Transactions
During the year, total dividends of £7,750 (2024 - £18,250) were paid to the directors.
Loans have been given to and received from companies under common control of the directors, the balance of these loans repayable by to the company included in other creditors at the year end was £334,088.
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