REGISTERED NUMBER: 01128563 (England and Wales)

R V DART & SON (BUILDERS) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C J Andrews

M Westhead

SECRETARY:

Mrs S Buckley

REGISTERED OFFICE:

Unit 14 Westlink

Belbins Business Park

Cupernham Lane

Romsey

Hampshire

SO51 7JF

REGISTERED NUMBER:

01128563 (England and Wales)

BANKERS:

National Westminster Bank plc

12 High Street

Southampton

Hampshire

SO14 2BF

FIXED ASSETS

Tangible assets

4

100,871

69,554

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

5

2,380,097

2,588,572

Cash at bank and in hand

1,190,160

1,118,328

3,571,257

3,707,900

CREDITORS

Amounts falling due within one year

6

(1,414,854

)

(1,672,367

)

NET CURRENT ASSETS

2,156,403

2,035,533

TOTAL ASSETS LESS CURRENT LIABILITIES

2,257,274

2,105,087

PROVISIONS FOR LIABILITIES

8

(38,069

)

(24,996

)

NET ASSETS

2,219,205

2,080,091

CAPITAL AND RESERVES

Called up share capital

1,200

1,200

Retained earnings

2,218,005

2,078,891

SHAREHOLDERS' FUNDS

2,219,205

2,080,091

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2026 and were signed on its behalf by:

M Westhead - Director

1.	STATUTORY INFORMATION

R V Dart & Son (Builders) Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with FRS102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;

- it is probable that the Company will receive the consideration due under the contract;

- the stage of completion of the contract at the end of the reporting period can be measured reliably; and

- the costs incurred and the costs to complete the contract can be measured reliably.

Amounts recoverable on contracts comprises work completed or measured parts thereof not yet invoiced to customers and is stated after making due allowance for irrecoverable amounts and provision for snagging costs. Profit on contracting activities is taken as work progresses, unless a more conservative approach is necessary. The percentage margin on each individual contract is the lower of the margin earned to date and that forecast to completion, taking account of agreed claims. Full provision is made for all known or expected losses on individual contracts. Amounts recoverable on contracts are included in debtors.

Where a contract has been invoiced in advance, the relevant amount has been excluded from turnover and included as deferred income in other creditors.

Tangible fixed assets

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

Plant and machinery

-

20% Reducing balance

Fixtures and fittings

-

20% Reducing balance

Motor vehicles

-

25% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

Stock

Stocks are stated at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Equity instruments

Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividend's payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Leasing commitments

Rentals applicable to operating leases where substantially all 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme, the annual contributions payable are charged to the Profit and Loss account.

Financial assets

The Company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities

Basic financial liabilities which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 November 2024

3,015

24,796

156,550

184,361

Additions

-

1,129

57,191

58,320

Disposals

-

-

(45,081

)

(45,081

)

At 31 October 2025

3,015

25,925

168,660

197,600

DEPRECIATION

At 1 November 2024

2,180

17,998

94,629

114,807

Charge for year

168

1,430

22,152

23,750

Eliminated on disposal

-

-

(41,828

)

(41,828

)

At 31 October 2025

2,348

19,428

74,953

96,729

NET BOOK VALUE

At 31 October 2025

667

6,497

93,707

100,871

At 31 October 2024

835

6,798

61,921

69,554

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

374,955

569,163

Amounts owed by group undertakings

1,814,197

1,814,197

Amounts recoverable on contracts

154,189

185,359

Other debtors

36,756

19,853

2,380,097

2,588,572

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

636,431

772,203

Taxation and social security

397,946

342,551

Other creditors

380,477

557,613

1,414,854

1,672,367

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

62,417

73,351

Between one and five years

121,247

177,170

In more than five years

-

5,250

183,664

255,771

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

18,902

12,600

Other provisions

19,167

12,396

38,069

24,996

Deferred tax

£

Balance at 1 November 2024

12,600

Accelerated capital allowances

6,302

Balance at 31 October 2025

18,902

Other provisions are in respect of a dilapidation provision the company is liable for on the lease of an industrial unit. The provision includes the cost of returning to it's original condition at the end of the lease. The amount recognised is a best estimate of the costs involved and linked to industry standards.

Cost are recognised in the P&L and expected to be utilised over next 5 years.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gary Brown FCCA (Senior Statutory Auditor)

for and on behalf of Hopper Williams & Bell Limited