Davlan Construction Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01601864 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

DAVLAN CONSTRUCTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K C Cook

N M Jenkins

SECRETARY:

K C Cook

REGISTERED OFFICE:

Dewstow Street

Newport

NP19 0FP

REGISTERED NUMBER:

01601864 (England and Wales)

ACCOUNTANTS:

Graham Paul Limited

Court House

Court Road

Bridgend

CF31 1BE

FIXED ASSETS

Tangible assets

4

92,601

117,801

CURRENT ASSETS

Stocks

33,500

33,500

Debtors

5

384,073

107,660

Cash at bank

362,021

609,333

779,594

750,493

CREDITORS

Amounts falling due within one year

6

317,011

318,582

NET CURRENT ASSETS

462,583

431,911

TOTAL ASSETS LESS CURRENT LIABILITIES

555,184

549,712

CREDITORS

Amounts falling due after more than one year

7

(9,769

)

(16,070

)

PROVISIONS FOR LIABILITIES

(20,233

)

(26,875

)

NET ASSETS

525,182

506,767

CAPITAL AND RESERVES

Called up share capital

8,100

8,100

Capital redemption reserve

1,900

1,900

Retained earnings

515,182

496,767

SHAREHOLDERS' FUNDS

525,182

506,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 29 April 2024 and were signed on its behalf by:

K C Cook - Director

1.	STATUTORY INFORMATION

Davlan Construction Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 and income recognition

Turnover is measured at the fair value of the consideration received or receivable of services provided (net of discounts, rebates and value added tax). Income is recognised when the services have been provided and the right to consideration earned.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life, or if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures, fittings and equipment: 25% on cost (less estimated residual value)

Motor vehicles: 20% on cost (less estimated residual value)

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised on the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter. The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company pays into the director's and certain employees' personal pensions as well as the company's workplace pension scheme. Contributions are charged to the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Short

and

Motor

leasehold

equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2023

11,000

69,894

199,959

280,853

Additions

-

2,127

-

2,127

At 31 March 2024

11,000

72,021

199,959

282,980

DEPRECIATION

At 1 April 2023

11,000

63,812

88,240

163,052

Charge for year

-

2,346

24,981

27,327

At 31 March 2024

11,000

66,158

113,221

190,379

NET BOOK VALUE

At 31 March 2024

-

5,863

86,738

92,601

At 31 March 2023

-

6,082

111,719

117,801

Included in the above are assets on Hire Purchase with a Net Book Value carried forward of £35,936 (2023 - £45,669).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

29,839

-

Amounts recoverable on

contracts

349,603

103,584

Other debtors

4,631

4,076

384,073

107,660

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

6,301

14,666

Trade creditors

94,676

12,790

Taxation and social security

45,755

253,778

Other creditors

170,279

37,348

317,011

318,582

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

9,769

16,070

8.	FINANCIAL COMMITMENTS

The company had total commitments at the balance sheet date of £292 (2023 - £18,794).

9.	RELATED PARTY DISCLOSURES

During the current and previous year, the company was in receipt of an interest free loan from its directors. The amounts outstanding and due to the directors at the year end and included in other creditors was £1,840 (2023 - £1,868).