Company Registration No. 08517590 (England and Wales)
DCH BUILDERS (DERBY) LTD
Unaudited accounts
for the year ended 31 March 2022
DCH BUILDERS (DERBY) LTD
Unaudited accounts
Contents
DCH BUILDERS (DERBY) LTD
Company Information
for the year ended 31 March 2022
Directors
James Challener
Nicholas Challener
Company Number
08517590 (England and Wales)
Registered Office
UNIT 9 ALBION GATEWAY
MILAN ROAD
BURTON ON TRENT
DE13 0FY
UNITED KINGDOM
DCH BUILDERS (DERBY) LTD
Statement of financial position
as at 31 March 2022
Tangible assets
69,691
93,791
Cash at bank and in hand
801,509
75,940
Creditors: amounts falling due within one year
(493,590)
(541,597)
Net current assets
387,699
599,456
Total assets less current liabilities
457,390
693,247
Creditors: amounts falling due after more than one year
(188,790)
(250,056)
Net assets
268,600
443,191
Called up share capital
2
2
Profit and loss account
268,598
443,189
Shareholders' funds
268,600
443,191
For the year ending 31 March 2022 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.
The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2023 and were signed on its behalf by
Nicholas Challener
Director
Company Registration No. 08517590
DCH BUILDERS (DERBY) LTD
Notes to the Accounts
for the year ended 31 March 2022
DCH BUILDERS (DERBY) LTD is a private company, limited by shares, registered in England and Wales, registration number 08517590. The registered office is UNIT 9 ALBION GATEWAY, MILAN ROAD, BURTON ON TRENT, DE13 0FY, UNITED KINGDOM.
2
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.
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 % reducing balance
Motor vehicles
25 % reducing balance
Computer equipment
25 % reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
97,300
100,978
3,556
201,834
Additions
-
32,990
-
32,990
Disposals
(50,300)
-
-
(50,300)
At 31 March 2022
47,000
133,968
3,556
184,524
At 1 April 2021
52,054
55,369
620
108,043
Charge for the year
3,772
19,650
734
24,156
On disposals
(17,366)
-
-
(17,366)
At 31 March 2022
38,460
75,019
1,354
114,833
At 31 March 2022
8,540
58,949
2,202
69,691
At 31 March 2021
45,246
45,609
2,936
93,791
DCH BUILDERS (DERBY) LTD
Notes to the Accounts
for the year ended 31 March 2022
Amounts falling due within one year
Trade debtors
57,674
14,898
Amounts falling due after more than one year
Accrued income and prepayments
14,256
-
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
57,292
57,292
Trade creditors
311,536
238,005
Taxes and social security
39,071
55,417
Other creditors
130,361
229,801
Loans from directors
(59,727)
(38,918)
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
188,790
242,708
Included in bank loans are 2 unsecured government bounce bank loans, both repayable within 5 years which was interest and payment free for the 1st 12 months , after which is charged at 2,5%
8
Transactions with related parties
Included in other creditors is a loan from Midland's Performance Cars Limited of £130,361 (2021- a debtor of £861,271) , a company connected to the directors.
Included in the other debtors is a loan to Heritage Homes Limited of £7,850 (2021- nil) , a company connected to the directors
9
Average number of employees
During the year the average number of employees was 4 (2021: 4).