REGISTERED NUMBER: 03535069 (England and Wales)

DP BUILDING SYSTEMS LTD

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

to

7

Directors:

T R Fitzhugh

R J White

G Bell

Registered office:

Unit 4 Tamebridge Industrial Estate

Aldridge Road

Perry Barr

Birmingham

West Midlands

B42 2TX

Registered number:

03535069 (England and Wales)

Bankers:

Lloyds Bank plc

25 Gresham Street

London

EC2V 7HN

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DP Building Systems Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of DP Building Systems Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DP Building Systems Ltd and state those matters that we have agreed to state to the Board of Directors of DP Building Systems Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DP Building Systems Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DP Building Systems Ltd. You consider that DP Building Systems Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of DP Building Systems Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cooper Parry Advisory Limited

CUBO Birmingham

4th Floor

Two Chamberlain Square

Birmingham

West Midlands

B3 3AX

19 November 2025

Fixed assets

Tangible assets

4

-

1,565

Current assets

Stocks

1,335,672

926,738

Debtors

5

783,123

1,001,666

Cash at bank and in hand

41,898

84,566

2,160,693

2,012,970

Creditors

Amounts falling due within one year

6

1,709,447

2,030,238

Net current assets/(liabilities)

451,246

(17,268

)

Total assets less current liabilities

451,246

(15,703

)

Creditors

Amounts falling due after more than one year

7

(363,569

)

(42,000

)

Provisions for liabilities

-

(391

)

Net assets/(liabilities)

87,677

(58,094

)

Capital and reserves

Called up share capital

35,560

35,560

Capital redemption reserve

34,500

34,500

Retained earnings

17,617

(128,154

)

87,677

(58,094

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2025 and were signed on its behalf by:

G Bell - Director

1.	Statutory information

DP Building Systems 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.

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 is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;

- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

- the amount of turnover can be measured reliably;

- it is probable that the company will receive the consideration due under the transaction; and

- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Plant and machinery

-

25% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

The company adds to the carrying amount of an item of fixed assets the cost of replacing part of such an item when that cost is incurred, if the replacement part is expected to provide incremental future benefits to the company. The carrying amount of the replaced part is derecognised. Repairs and maintenance are charged to the Income Statement during the period in which they are incurred.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Stocks

Stocks are valued at replacement cost.

At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.

Current and deferred taxation

Tax is recognised in the Income Statement except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

- Where they relate to timing differences in respect of interests in subsidiaries, associates, branches and joint ventures and the company can control the reversal of the timing differences and such reversal is not considered probable in the foreseeable future.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Finance costs

Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Pension costs and other post-retirement benefits

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in the Income Statement when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Invoice financing

The company has entered into an arrangement to factor some of its trade debtors. The risks and rewards of ownership remain with the company and therefore any amounts advanced by the factor are treated as a loan included within creditors due within one year.

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans with related parties and investments in ordinary shares.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

3.	Employees and directors

The average number of employees during the year was 18 (2024 - 17 ) .

4.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1 April 2024

and 31 March 2025

150,045

Depreciation

At 1 April 2024

148,480

Charge for year

1,565

At 31 March 2025

150,045

Net book value

At 31 March 2025

-

At 31 March 2024

1,565

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

674,732

825,663

Other debtors

63,097

127,393

Directors' current accounts

-

5,305

VAT

16,195

22,490

Prepayments

29,099

20,815

783,123

1,001,666

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

154,963

36,000

Trade creditors

999,063

1,506,815

Amounts owed to group undertakings

3,193

3,806

Corporation tax

9,368

-

Social security and other taxes

29,162

15,682

Other creditors

470,614

457,204

Accruals and deferred income

43,084

10,731

1,709,447

2,030,238

7.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans 1 - 2 years

124,963

42,000

Bank loans - 2-5 years

238,606

-

363,569

42,000

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Invoice financing

468,167

456,625

A fixed and floating charge covers all the property or undertakings of the company.

9.	Related party disclosures

Included in debtors is a director's loan account balance of £Nil (2024: £5,305) owed by R White.

Included in creditors is an amount owed to DPN Holdings Ltd of £3,193 (2024: £3,806).

10.	Ultimate controlling party

DPN Holdings Ltd, which is incorporated in England and Wales, is the immediate and ultimate parent undertaking of the company. The ultimate control is held equally by P White.