IRIS Accounts Production v22.1.0.628 05304063 director 1.1.21 31.12.21 31.12.21 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure053040632020-12-31053040632021-12-31053040632021-01-012021-12-31053040632019-12-31053040632020-01-012020-12-31053040632020-12-3105304063ns16:EnglandWales2021-01-012021-12-3105304063ns15:PoundSterling2021-01-012021-12-3105304063ns11:Director12021-01-012021-12-3105304063ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3105304063ns11:SmallEntities2021-01-012021-12-3105304063ns11:AuditExempt-NoAccountantsReport2021-01-012021-12-3105304063ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3105304063ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3105304063ns11:FullAccounts2021-01-012021-12-310530406312021-01-012021-12-3105304063ns11:OrdinaryShareClass12021-01-012021-12-3105304063ns11:CompanySecretary12021-01-012021-12-3105304063ns11:RegisteredOffice2021-01-012021-12-3105304063ns6:CurrentFinancialInstruments2021-12-3105304063ns6:CurrentFinancialInstruments2020-12-3105304063ns6:ShareCapital2021-12-3105304063ns6:ShareCapital2020-12-3105304063ns6:SharePremium2021-12-3105304063ns6:SharePremium2020-12-3105304063ns6:RetainedEarningsAccumulatedLosses2021-12-3105304063ns6:RetainedEarningsAccumulatedLosses2020-12-3105304063ns6:NetGoodwill2021-01-012021-12-3105304063ns6:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3105304063ns6:PlantMachinery2021-01-012021-12-3105304063ns6:NetGoodwill2020-12-3105304063ns6:NetGoodwill2021-12-3105304063ns6:NetGoodwill2020-12-3105304063ns6:PlantMachinery2020-12-3105304063ns6:PlantMachinery2021-12-3105304063ns6:PlantMachinery2020-12-3105304063ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3105304063ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3105304063ns6:CurrentFinancialInstruments2021-01-012021-12-3105304063ns11:OrdinaryShareClass12021-12-31
REGISTERED NUMBER: 05304063 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

DEE PLANT LIMITED

DEE PLANT LIMITED (REGISTERED NUMBER: 05304063)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEE PLANT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: Mr C Dee





SECRETARY: Mrs C Davies





REGISTERED OFFICE: 14 Gelliwasted Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW





REGISTERED NUMBER: 05304063 (England and Wales)





ACCOUNTANTS: Sullivans Chartered Accountants
13-14 Gelliwastad Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

DEE PLANT LIMITED (REGISTERED NUMBER: 05304063)

BALANCE SHEET
31 DECEMBER 2021

31/12/21 31/12/20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 7,200 9,600
Property, plant and equipment 5 462,815 556,012
470,015 565,612

CURRENT ASSETS
Inventories 3,122 2,053
Debtors 6 59,484 36,488
Cash at bank and in hand 122,813 196,361
185,419 234,902
CREDITORS
Amounts falling due within one year 7 206,272 262,333
NET CURRENT LIABILITIES (20,853 ) (27,431 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

449,162

538,181

PROVISIONS FOR LIABILITIES 79,480 97,187
NET ASSETS 369,682 440,994

CAPITAL AND RESERVES
Called up share capital 10 2 2
Share premium 16,000 16,000
Retained earnings 353,680 424,992
SHAREHOLDERS' FUNDS 369,682 440,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DEE PLANT LIMITED (REGISTERED NUMBER: 05304063)

BALANCE SHEET - continued
31 DECEMBER 2021


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 director and authorised for issue on 24 August 2022 and were signed by:





Mr C Dee - Director


DEE PLANT LIMITED (REGISTERED NUMBER: 05304063)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Dee Plant 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.

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.

Despite the Covid-19 pandemic, there are no reasons, provided by the Director to raise doubt over the company's ability to continue as a going concern.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
The directors have considered the useful life of the goodwill and have adjusted the policy from 20 years to a finite period of 10 years. The annual adjustment to the amortisation charge due to the policy change is £2400. The directors do not consider an impairment review to be necessary.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Government grants
During the year, the company income statement disclosed £1,331 of Other Operating Income, of which £1,095 relates to Government Grants.
The grants have been recognised as income over the period necessary to match them with related costs for which they are intended to compensate. The grants received and accrued reflect the compensation for the increased level of operating costs being incurred in a bid to combat the impact of the Covid-19 pandemic.

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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.


DEE PLANT LIMITED (REGISTERED NUMBER: 05304063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

2. ACCOUNTING POLICIES - continued
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
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 operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2020 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 48,000
AMORTISATION
At 1 January 2021 38,400
Charge for year 2,400
At 31 December 2021 40,800
NET BOOK VALUE
At 31 December 2021 7,200
At 31 December 2020 9,600

DEE PLANT LIMITED (REGISTERED NUMBER: 05304063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2021 1,045,247
Additions 42,292
Disposals (78,800 )
At 31 December 2021 1,008,739
DEPRECIATION
At 1 January 2021 489,235
Charge for year 77,830
Eliminated on disposal (21,141 )
At 31 December 2021 545,924
NET BOOK VALUE
At 31 December 2021 462,815
At 31 December 2020 556,012

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Trade debtors 8,674 10,171
Amounts recoverable on contract 17,323 12,055
Other debtors 33,487 14,262
59,484 36,488

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/21 31/12/20
£    £   
Trade creditors 11,630 77,398
Taxation and social security 21,190 14,545
Other creditors 173,452 170,390
206,272 262,333

Included within 'Other creditors' is amounts payable on demand to the company director.

8. SECURED DEBTS

The following secured debts are included within creditors:

31/12/21 31/12/20
£    £   

HSBC Bank PLC hold a mortgage debenture over the fixed and floating assets of the business.

DEE PLANT LIMITED (REGISTERED NUMBER: 05304063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

9. FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/21 31/12/20
value: £    £   
2 Ordinary £1 2 2