Company Registration No. 04706568 (England and Wales)
Durston Construction Ltd
Unaudited accounts
for the year ended 31 March 2019
Durston Construction Ltd
Unaudited accounts
Contents
Durston Construction Ltd
Statement of financial position
as at 31 March 2019
Tangible assets
166,128
131,028
Cash at bank and in hand
239,629
149,260
Creditors: amounts falling due within one year
(122,639)
(135,020)
Net current assets
225,959
217,281
Total assets less current liabilities
392,087
348,309
Creditors: amounts falling due after more than one year
-
(5,584)
Net assets
392,087
342,725
Called up share capital
102
102
Profit and loss account
391,985
342,623
Shareholders' funds
392,087
342,725
For the year ending 31 March 2019 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 3 July 2019.
M J Durston
Director
Company Registration No. 04706568
Durston Construction Ltd
Notes to the Accounts
for the year ended 31 March 2019
Durston Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 04706568. The registered office is Springleaze, Downhead, Shepton Mallet, Somerset, BA4 4LQ.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% reducing balance
Computer equipment
33% straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Durston Construction Ltd
Notes to the Accounts
for the year ended 31 March 2019
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2018
158,756
101,220
9,444
269,420
Additions
39,983
38,545
-
78,528
Disposals
(21,930)
(19,770)
(2,117)
(43,817)
At 31 March 2019
176,809
119,995
7,327
304,131
At 1 April 2018
64,830
67,235
6,327
138,392
Charge for the year
21,469
9,165
2,344
32,978
On disposals
(15,180)
(16,070)
(2,117)
(33,367)
At 31 March 2019
71,119
60,330
6,554
138,003
At 31 March 2019
105,690
59,665
773
166,128
At 31 March 2018
93,926
33,985
3,117
131,028
Work in progress
4,161
118,326
Finished goods
1,000
1,000
Durston Construction Ltd
Notes to the Accounts
for the year ended 31 March 2019
Trade debtors
80,436
57,660
Accrued income and prepayments
5,872
6,055
Other debtors
17,500
20,000
Amounts due after more than one year
14,500
17,000
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Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
-
6,375
Trade creditors
25,539
41,702
Taxes and social security
18,560
30,469
Other creditors
11,213
8,498
Loans from directors
42,438
33,011
9
Creditors: amounts falling due after more than one year
2019
2018
Obligations under finance leases and hire purchase contracts
-
5,584
10
Average number of employees
During the year the average number of employees was 7 (2018: 6).
