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 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

D P O BUILDING CONTRACTORS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

D P O BUILDING CONTRACTORS LIMITED

Balance sheet

As at 31 May 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 15,435 20,580
Total fixed assets: 15,435 20,580
Current assets
Debtors:   218,958 243,879
Cash at bank and in hand: 151,402 167,583
Total current assets: 370,360 411,462
Creditors: amounts falling due within one year:   (96,807) (133,928)
Net current assets (liabilities): 273,553 277,534
Total assets less current liabilities: 288,988 298,114
Provision for liabilities: (2,932) (3,910)
Total net assets (liabilities): 286,056 294,204
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 285,956 294,104
Shareholders funds: 286,056 294,204

The notes form part of these financial statements

D P O BUILDING CONTRACTORS LIMITED

Balance sheet statements

For the year ending 31 May 2023 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 29 February 2024
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 2023

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.Rendering of services 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 basesPlant & Machinery 25% Written down value Motor Vehicles 25% 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 2023

2. Employees

2023 2022
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 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 41,122
At 31 May 2023 41,122
Depreciation
At 01 June 2022 20,542
Charge for year 5,145
At 31 May 2023 25,687
Net book value
At 31 May 2023 15,435
At 31 May 2022 20,580

D P O BUILDING CONTRACTORS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

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 2022 217,601
Balance at 31 May 2023 217,601
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 2022 217,601
Balance at 31 May 2023 217,601