D P O BUILDING CONTRACTORS LIMITED

D P O BUILDING CONTRACTORS LIMITED

D P O BUILDING CONTRACTORS LIMITED - Company Information

Print Friendly Version

D P O BUILDING CONTRACTORS LIMITED

Company Registration Number:
06554301 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2020

Period of accounts

Start date: 01 June 2019

End date: 31 May 2020

D P O BUILDING CONTRACTORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2020

Balance sheet
Notes

D P O BUILDING CONTRACTORS LIMITED

Balance sheet

As at 31 May 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 11,170 14,890
Total fixed assets: 11,170 14,890
Current assets
Debtors:   220,305 219,319
Cash at bank and in hand: 134,662 170,554
Total current assets: 354,967 389,873
Creditors: amounts falling due within one year:   (83,695) (128,463)
Net current assets (liabilities): 271,272 261,410
Total assets less current liabilities: 282,442 276,300
Creditors: amounts falling due after more than one year:   (50,000)
Provision for liabilities: (2,122) (2,829)
Total net assets (liabilities): 230,320 273,471
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 230,220 273,371
Shareholders funds: 230,320 273,471

The notes form part of these financial statements

D P O BUILDING CONTRACTORS LIMITED

Balance sheet statements

For the year ending 31 May 2020 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 May 2021
and signed on behalf of the board by:

Name: Mr Patrick O'Neill
Status: Director

The notes form part of these financial statements

D P O BUILDING CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover is recognised by reference to the stage of completion of the contract.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write of the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following basis:Plant and Machinery 25% written down valueMotor vehicles 25% written down value

Other accounting policies

Leasing and Hire Purchase ContractsAssets obtains under hire purchase contracts and finance leases are capitalised as tangible fixed assts. Assets acquired under finance leases are depreciated over the shorter of the lease and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives.TaxationIncome tax expense represents the sum of the tax currently payable and deferred tax. 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.PensionsThe company operates a defined pension contribution scheme. Contributions are charged to the profit and loss accounts as they become payable in accordance with the rules of the scheme.

D P O BUILDING CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

2. Employees

2020 2019
Average number of employees during the period 3 3

D P O BUILDING CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

3. Tangible Assets

Total
Cost £
At 01 June 2019 36,656
At 31 May 2020 36,656
Depreciation
At 01 June 2019 21,766
Charge for year 3,720
At 31 May 2020 25,486
Net book value
At 31 May 2020 11,170
At 31 May 2019 14,890

D P O BUILDING CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

4. Related party transactions

Name of the related party: DPO Developments Ltd
Relationship:
Associated company
Description of the Transaction: Current debtors includes an interest free loan, repayable on demand, to DPO Developments Ltd, a company under the common control of te directors.
£
Balance at 01 June 2019 217,601
Balance at 31 May 2020 217,601