Registration number:
Dorplan Contracts Limited
for the Year Ended 31 December 2025
Dorplan Contracts Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Statement of comprehensive income |
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Statement of financial position |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Dorplan Contracts Limited
Company Information
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Directors |
Mr R Evershed Mr M Evershed Mr A Evershed |
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Registered office |
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Auditors |
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Dorplan Contracts Limited
Strategic Report for the Year Ended 31 December 2025
The directors present their strategic report for the year ended 31 December 2025.
Principal activity
The principal activity of the company is timber doorsets and architectural ironmongery.
Fair review of the business
The business activities are focused on the manufacture of timber doorsets with ironmongery, supplying both new build construction and refurbishment projects in a variety of sectors such as residential, commercial, healthcare, education and student accommodation.
The company is family owned and a 3rd generation business with a commitment to delivering on its founding principals of Trust, Integrity and Innovation in dealing with all its stakeholders. The directors are proud of the longstanding relationships that have been built up with customers, suppliers and employees based on these key core values.
The company’s key financial performance indicators during the previous three years are as follows:
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2025 |
2024 |
2023 |
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£000s |
£000s |
£000s |
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Turnover |
11,691 |
14,458 |
11,957 |
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Gross Profit |
3,117 |
4,376 |
3,576 |
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Profit before Tax |
306 |
2,236 |
1,283 |
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Current Assets |
6,452 |
8,230 |
8,611 |
|
Current Liabilities |
(1,254) |
(2,334) |
(2,277) |
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Turnover Growth |
(19)% |
20.9% |
(7.5)% |
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Gross profit margin |
26.66% |
30.3% |
29.9% |
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Profit before tax margin |
2.6% |
15.5% |
10.7% |
Turnover decreased by 19% in 2025, with a total sales value of £11.7m. This contraction in turnover reflects the slowdown within the wider construction industry and a number of larger clients not placing orders that had been forecasted during the year. The impact of BSR slowing down larger projects being progressed through the construction gateway process has had a very wide impact on the construction industry slowdown. Whilst progress is now being made with projects being released, this will take some time for momentum to reach those involved in later stages of projects, such as Dorplan.
Gross profit margin decreased to 26.66%, reflecting the increase in inflation that was seen during the year and pressures of increased prices through the supply chain. Despite these price pressures improved procurement during the year helped to limit the reduction within the Gross Profit Margin %.
Profits before tax fell to £306k, as the business invested heavily in new strategic hires during the year to strengthen the business for the medium to long term. Further investment was also made in a new finance system within the year.The marketing and sales team returned to the Fire Safety Event at the NEC in April 2025, generating qualified leads and increasing brand visibility for SignetFire and Dorplan. The event now forms a key part of Dorplan’s marketing calendar and complements its investment in digital content, case studies, positive testimonials, and social proof campaigns throughout the year.Overall Headcount remained at 82 in the year, driven by a strengthening of the back office operations. A new Head of HR and Quality Lead were also hired within the year with both starting during the start of 2026 to further enhance the wider business.
Dorplan Contracts Limited
Strategic Report for the Year Ended 31 December 2025
Principal risks and uncertainties
Dorplan maintains a risk matrix reviewed quarterly by the senior leadership team. Key business risks are categorised by likelihood and severity, with mitigation plans and a disaster recovery plan in place.
The principal risks facing the company are:
Competition - The business remains focused on continuous improvement, its values, and its point of difference: delivering a first-class customer experience, harmonising door and ironmongery packages, and using dedicated project managers as a single point of contact throughout projects, with proactive client communication.
Business Interruption – the key risks have been considered and mitigating actions taken in the following areas: -
Production risks are mitigated through robust maintenance regimes, standby machinery, and flexible shift planning. IT infrastructure is a cloud-based, backed up off-site, and overseen by a dedicated IT lead. Cyber awareness is now a routine part of ongoing training, with regular staff updates issued when threats arise.
Reputational damage – The company operates within multiple third-party certifications schemes and maintains full traceability for compliant product delivery. In 2024, Dorplan successfully renewed its BM Trada, Certifire, SBD, FSC, and ISO certifications. Quality control continues to be a priority, supported by ongoing system and process improvements.
Engagement with suppliers, customers and other relationships
Dorplan’s founding principles – One Team, Trust, Innovation, and Integrity – underpin its approach to stakeholder engagement. Staff turnover remains low, and relationships with customers and suppliers are long-standing.
The business has built on the newsletter introduced in the previous year with a monthly all staff meeting, with HOD’s providing updates on their departments which has helped to ensure strong internal communication is maintained whilst also ensuring staff are kept informed and updated on business development, helping foster a positive working environment.
Dorplan remains committed to external compliance and uses the services of qualified HR, health & safety, and legal advisers to stay current with legislative obligations and best practice.
Approved by the
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Dorplan Contracts Limited
Directors' Report for the Year Ended 31 December 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
Dividends
The total distribution of dividends for the year ended 31st December 2025 will be £995,000 (2024: £2,641,614)
Directors of the company
The directors who held office during the year were as follows:
Information included in the Strategic Report
The fair review of the business is shown within the strategic report.
Financial instruments
Objectives and policies
The management of economic risk in the business continues to be a priority. The company maintains a cautious risk appetite, with a structured account opening process and credit control policies in place to manage customer exposure, including proactive processes to work with customers to ensure they remain within their insured credit limit.
Long-standing customer and supplier accounts are subject to periodic credit reviews, and financial performance checks are carried out using external sources. The directors consider their risk management framework to be robust, supported by quarterly review and the input of professional advisers where appropriate.
Therefore, the risk management which is reviewed quarterly is robust. We use the services of external accountants and tax advisers to ensure we remain compliant and apply due diligence on all strategic decisions both high and moderate impact.
Price risk, credit risk, liquidity risk and cash flow risk
Price Risk; The company continues to focus on product excellence and customer service, while monitoring competitor pricing. Inflationary pressures remain an ongoing risk, mitigated through strategic procurement and negotiated supplier agreements. Professional procurement resources support the business in maintaining price discipline.
Credit Risk; Credit reviews are carried out for all customers during the sales process. Credit insurance is maintained on most debtor balances through Allianz, providing security against default.
Liquidity risk; The company has a strong cash position and no external borrowings other than equipment finance leases. Working capital is closely managed to ensure that all obligations can be met as they fall due.
Cashflow risk; Cash flow management remains a key focus due to the nature of the construction industry, where delays in client payments are common. The company mitigates this risk through strict credit control, phased project delivery, and ongoing monitoring of debtor exposure.
Dorplan Contracts Limited
Directors' Report for the Year Ended 31 December 2025
Environmental matters
The company maintains a live environmental policy, reviewed annually. Dorplan continues to retain its ISO 9001 accreditation and obtained ISO 14001 certification, reinforcing its commitment to sustainable business practices.
Solar panels on the factory roof contribute to reducing carbon emissions, and all wood waste and sawdust are recycled into animal bedding. Dorplan remains a member of the FSC and PEFC timber schemes and undergoes regular independent audits.
Future developments
Dorplan continues to work to its strategic plan, which is regularly reviewed and extended. It has clear medium-term goals around revenue growth, product innovation, and operational efficiency.
The company has continued its policy of investment into the business, investing in a new cloud-based accountancy system to automated AP system to help strengthen its reporting. Furthermore a new Edge Bander has been purchased to increase the production of its in house manufacturing facility an expansion of the existing spray shop is being kept under constant review to help meet increasing demand.
The company is actively looking to utilise technological advancements to assist in system development, automation, and training.
Product development and research and development remain ongoing priorities to ensure Dorplan maintains its position as a market leader in design and innovation, with the agility to respond to industry modernisation and legislative changes.
Key KPIs continue to be monitored and adapted to ensure best practice and continuous improvement.
The Directors do not anticipate any future changes in the principal activities of the Company.
Going concern
In preparing the financial statements, the Directors are required to assess the Company’s ability to continue to trade as a going concern for the foreseeable future.
The directors have assessed the company’s financial position, performance, and forecasts, and are satisfied that the business remains a going concern for the foreseeable future.
The company continues to benefit from a strong order book, a healthy balance sheet, and no reliance on external borrowing.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Reappointment of auditors
The auditors Hayhow & Co. are deemed to be reappointed under section 487(2) of the Companies Act 2006.
Dorplan Contracts Limited
Directors' Report for the Year Ended 31 December 2025
Approved by the
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Dorplan Contracts Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report 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:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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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.
Dorplan Contracts Limited
Independent Auditor's Report to the Members of Dorplan Contracts Limited
Qualified opinion
We have audited the financial statements of Dorplan Contracts Limited (the 'company') for the year ended 31 December 2025, which comprise the Statement of comprehensive income, Statement of financial position, Statement of Changes in Equity, Statement of Cash Flows, 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, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 December 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 qualified opinion on financial statements
Due to a breakdown in the continuous stock records and physical stocktake we were unable to satisfy ourselves as to the physical inventories and the valuation at the year end. We were unable to satisfy ourselves by an alternative means concerning the inventory quantities and valuation held at 31 December 2025, which are included in the Balance Sheet at £1,017,092, by using other audit procedures. Consequently, we were unable to determine whether any adjustment to this amount was necessary.
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 auditor 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 qualified opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's 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 original financial statements were 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 included in the annual report, other than the financial statements and our auditor’s report 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.
Dorplan Contracts Limited
Independent Auditor's Report to the Members of Dorplan Contracts Limited
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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
Opinion on other matter prescribed by the Companies Act 2006
Except for the possible effects of the matter described in the basis for qualified opinion section of our report, in our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
Except for the matter described in the basis for qualified opinion section of our report, in the light of our 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 and the Directors' Report.
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. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 7], 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 is 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.
Auditor 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 an auditor’s report 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:
Dorplan Contracts Limited
Independent Auditor's Report to the Members of Dorplan Contracts Limited
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud.
As part of designing our audit, we determined materiality and assessed the risks of material misstatement in the financial statements, including how fraud may occur by enquiring of management of its own consideration of fraud. In particular, we looked at where management made subjective judgements, for example in respect of significant accounting estimates that involved making assumptions and considering future events that are inherently uncertain. We also considered potential financial or other pressures, opportunity, and motivations for fraud. As part of this discussion, we identified the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations and how management monitor these processes. Appropriate procedures included the review and testing of manual journals and key estimates and judgements made by management.
We gained an understanding of the legal and regulatory framework applicable to the Company and the industry in which it operates, drawing on our broad sector experience, and considered the risk of acts by the Company that were contrary to these laws and regulations, including fraud.
We focused on laws and regulations that could give rise to a material misstatement in the financial statements.
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
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 an auditor’s report 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.
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For and on behalf of
King's Lynn
Norfolk
PE30 5DD
Dorplan Contracts Limited
Statement of comprehensive income for the Year Ended 31 December 2025
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Note |
2025 |
2024 |
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|
Turnover |
|
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|
|
Cost of sales |
( |
( |
|
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Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
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Other operating income |
|
|
|
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Operating profit |
|
|
|
|
Other interest receivable and similar income |
|
|
|
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Interest payable and similar expenses |
( |
( |
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89,031 |
128,706 |
||
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Profit before tax |
|
|
|
|
Tax on profit |
( |
( |
|
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Dorplan Contracts Limited
(Registration number: 01338059)
Statement of financial position as at 31 December 2025
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Note |
2025 |
2024 |
|
|
Fixed assets |
|||
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Tangible assets |
|
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|
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Current assets |
|||
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Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
119 |
119 |
|
|
Retained earnings |
5,724,821 |
6,472,903 |
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Shareholders' funds |
5,724,940 |
6,473,022 |
Approved and authorised by the
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Dorplan Contracts Limited
Statement of Changes in Equity for the Year Ended 31 December 2025
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Share capital |
Retained earnings |
Total |
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At 1 January 2025 |
|
|
|
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Profit for the year |
- |
|
|
|
Dividends |
- |
( |
( |
|
At 31 December 2025 |
|
|
|
|
Share capital |
Revaluation reserve |
Retained earnings |
Total |
|
|
At 1 January 2024 |
|
|
|
|
|
Profit for the year |
- |
- |
|
|
|
Other comprehensive income |
- |
( |
- |
( |
|
Total comprehensive income |
- |
( |
|
|
|
Dividends |
- |
- |
( |
( |
|
At 31 December 2024 |
119 |
- |
6,472,903 |
6,473,022 |
Dorplan Contracts Limited
Statement of Cash Flows for the Year Ended 31 December 2025
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Note |
2025 |
2024 |
|
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Cash flows from operating activities |
|||
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Profit for the year |
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|
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Adjustments to cash flows from non-cash items |
|||
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Depreciation and amortisation |
|
|
|
|
Profit on disposal of tangible assets |
( |
( |
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|
Finance income |
( |
( |
|
|
Finance costs |
|
|
|
|
Income tax expense |
|
|
|
|
|
|
||
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Working capital adjustments |
|||
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Decrease in stocks |
|
|
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Decrease in trade debtors |
|
|
|
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Decrease in trade creditors |
( |
( |
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|
Cash generated from operations |
( |
|
|
|
Income taxes paid |
( |
( |
|
|
Net cash flow from operating activities |
( |
|
|
|
Cash flows from investing activities |
|||
|
Interest received |
|
|
|
|
Acquisitions of tangible assets |
( |
( |
|
|
Proceeds from sale of tangible assets |
|
|
|
|
Net cash flows from investing activities |
( |
|
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
( |
|
|
Payments to finance lease creditors |
- |
( |
|
|
Dividends paid |
( |
( |
|
|
Net cash flows from financing activities |
( |
( |
|
|
Net (decrease)/increase in cash and cash equivalents |
( |
|
|
|
Cash and cash equivalents at 1 January |
|
|
|
|
Cash and cash equivalents at 31 December |
1,812,975 |
3,382,256 |
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Dorplan Contracts Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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General information |
The company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Judgements in applying accounting policies and key sources of estimation uncertainty
Preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include: |
Stock is provided for on the basis of the age and condition of the goods in line with the valuation of completed goods. |
Revenue recognition
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 sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Dorplan Contracts Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is a reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
The freehold property is not being depreciated, as when depreciated this does not show a true reflection of the property value. This was shown when the property was revalued to which an adjustment has been made when the valuation was completed.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Freehold Property - Temporary Building |
4% reducing balance |
Dorplan Contracts Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
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Plant and Machinery |
20% reducing balance |
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Fixtures, fittings and equipment |
20% reducing balance |
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Motor Vehicles |
30% reducing balance |
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Computer Equipment |
30% straight line |
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Software |
20% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
The cost of finished goods and 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.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Dorplan Contracts Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.
Lease payments are apportioned between finance costs in the statement of comprehensive income and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
|
Turnover |
The analysis of the company's turnover for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Sale of goods |
|
|
The analysis of the company's turnover for the year by market is as follows:
|
2025 |
2024 |
|
|
UK |
|
|
Dorplan Contracts Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Other operating income |
The analysis of the company's other operating income for the year is as follows:
|
2025 |
2024 |
|
|
Sub lease rental income |
|
|
|
Miscellaneous other operating income |
|
|
|
|
|
|
Other gains and losses |
The analysis of the company's other gains and losses for the year is as follows:
|
2025 |
2024 |
|
|
Gain on disposal of tangible assets |
|
|
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Research and development cost |
|
|
|
Operating lease expense - plant and machinery |
|
|
|
Operating lease expense - other |
|
|
|
Profit on disposal of property, plant and equipment |
( |
( |
The total research and development cost is the figure above, along with additional costs posted within wages and salaries.
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
|
Other finance income |
|
|
|
|
|
Dorplan Contracts Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on obligations under finance leases and hire purchase contracts |
- |
|
|
Interest expense on other finance liabilities |
|
|
|
|
|
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Other short-term employee benefits |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
Other employee expense |
|
|
|
|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Production |
|
|
|
Administration and support |
|
|
|
Sales, marketing and distribution |
|
|
|
|
|
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
Benefits in kind relate to a company car.
|
Auditors' remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
Dorplan Contracts Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Taxation |
Tax charged/(credited) in the statement of comprehensive income
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
( |
|
|
Tax expense in the income statement |
|
|
Deferred tax
Deferred tax is calculated at a rate of 25%
|
Tangible assets |
|
Freehold Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Total |
|
|
Cost or valuation |
||||
|
At 1 January 2025 |
|
|
|
|
|
Additions |
- |
|
|
|
|
Disposals |
- |
( |
( |
( |
|
At 31 December 2025 |
|
|
|
|
|
Depreciation |
||||
|
At 1 January 2025 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
Eliminated on disposal |
- |
( |
( |
( |
|
At 31 December 2025 |
|
|
|
|
|
Carrying amount |
||||
|
At 31 December 2025 |
|
|
|
|
|
At 31 December 2024 |
|
|
|
|
Included within the net book value of land and buildings above is £61,573 (2024 - £64,139) in respect of freehold land and buildings and £Nil (2024 - £Nil) in respect of long leasehold land and buildings. The current value of £64,139 relates to a temporary building only.
Dorplan Contracts Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Stocks |
|
2025 |
2024 |
|
|
Work in progress |
- |
|
|
Finished goods and goods for resale |
|
|
|
|
|
|
Debtors |
|
Current |
Note |
2025 |
2024 |
|
Trade debtors |
|
|
|
|
Amounts owed by related parties |
|
|
|
|
Other debtors |
|
|
|
|
Prepayments |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash on hand |
|
|
|
Cash at bank |
|
|
|
Short-term deposits |
|
|
|
Other cash and cash equivalents |
|
|
|
|
|
Dorplan Contracts Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Creditors |
|
Note |
2025 |
2024 |
|
|
Due within one year |
|||
|
Trade creditors |
|
|
|
|
Amounts due to related parties |
- |
|
|
|
Social security and other taxes |
|
|
|
|
Other payables |
- |
|
|
|
Accruals |
|
|
|
|
Tax liability |
89,574 |
446,685 |
|
|
Payments on account |
|
|
|
|
|
|
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 January 2025 |
|
|
|
Increase (decrease) in existing provisions |
( |
( |
|
At 31 December 2025 |
|
|
|
|
||
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £54,651 (2024 - £40,008).
Contributions totalling £Nil (2024 - £Nil) were payable to the scheme at the end of the year and are included in creditors.
Dorplan Contracts Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
3 |
|
3 |
|
|
|
3 |
|
3 |
|
|
|
30 |
|
30 |
|
|
|
30 |
|
30 |
|
|
|
15 |
|
15 |
|
|
|
15 |
|
15 |
|
|
|
4 |
|
4 |
|
|
|
5 |
|
5 |
|
|
|
5 |
|
5 |
|
|
|
3 |
|
3 |
|
|
|
3 |
|
3 |
|
|
|
3 |
|
3 |
|
|
|
|
|
|
Dorplan Contracts Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
|
Later than one year and not later than five years |
|
|
|
Later than five years |
|
|
|
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
Operating leases - lessor
The total of future minimum lease payments is as follows:
|
2025 |
2024 |
|
|
Not later than one year |
|
|
Total contingent rents recognised as income in the period are £
Dorplan Contracts Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
|
Dividends |
|
2025 |
2024 |
|||
|
£ |
£ |
|||
|
Final dividend of £ |
995,000 |
2,641,614 |
||
|
Related party transactions |
Summary of transactions with other related parties
Loans to related parties
|
2025 |
Key management |
Total |
|
Advanced |
|
|
|
At end of period |
|
|
|
|
||
Terms of loans to related parties
Loans from related parties
|
2025 |
Key management |
Total |
|
At start of period |
|
|
|
Advanced |
|
|
|
Repaid |
( |
( |
|
At end of period |
|
|
|
|
||
|
2024 |
Key management |
Total |
|
At start of period |
|
|
|
Advanced |
|
|
|
At end of period |
|
|
|
|
||
Terms of loans from related parties
Dorplan Contracts Limited
Notes to the Financial Statements for the Year Ended 31 December 2025