D P O BUILDING CONTRACTORS LIMITED

D P O BUILDING CONTRACTORS LIMITED

D P O BUILDING CONTRACTORS LIMITED - Company Information

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D P O BUILDING CONTRACTORS LIMITED

Company Registration Number:
06554301 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2021

Period of accounts

Start date: 01 June 2020

End date: 31 May 2021

D P O BUILDING CONTRACTORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2021

Balance sheet
Notes

D P O BUILDING CONTRACTORS LIMITED

Balance sheet

As at 31 May 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 27,439 11,170
Total fixed assets: 27,439 11,170
Current assets
Debtors:   261,829 220,305
Cash at bank and in hand: 139,187 134,662
Total current assets: 401,016 354,967
Creditors: amounts falling due within one year:   (136,302) (83,695)
Net current assets (liabilities): 264,714 271,272
Total assets less current liabilities: 292,153 282,442
Creditors: amounts falling due after more than one year:   (38,740) (50,000)
Provision for liabilities: (5,213) (2,122)
Total net assets (liabilities): 248,200 230,320
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 248,100 230,220
Shareholders funds: 248,200 230,320

The notes form part of these financial statements

D P O BUILDING CONTRACTORS LIMITED

Balance sheet statements

For the year ending 31 May 2021 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 28 February 2022
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 2021

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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 off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:Plant & Machinery 25 percent Written down value Motor Vehicles 25 percent Written down value

Other accounting policies

TaxationIncome tax expense represents the sum of the tax currently payable and deferred tax.The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

D P O BUILDING CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2021

2. Employees

2021 2020
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 2021

3. Tangible Assets

Total
Cost £
At 01 June 2020 36,656
Additions 35,400
Disposals (30,934)
At 31 May 2021 41,122
Depreciation
At 01 June 2020 25,486
Charge for year 9,146
On disposals (20,949)
At 31 May 2021 13,683
Net book value
At 31 May 2021 27,439
At 31 May 2020 11,170

D P O BUILDING CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2021

4. Related party transactions

Name of the related party: D P O Developments Ltd
Relationship:
Company under common control of directors
Description of the Transaction: Current debtors includes an interest free loan, repayable on demand, to D P O Developments Ltd, a company under the common control of the directors.
£
Balance at 01 June 2020 217,601
Balance at 31 May 2021 217,601