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REGISTERED NUMBER: 08751704 (England and Wales)



















DDG PLATING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021






DDG PLATING LIMITED (REGISTERED NUMBER: 08751704)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


DDG PLATING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mr N D Green
Mrs J Tyralova





REGISTERED OFFICE: 7 Palm Street
New Basford
NOTTINGHAM
Nottinghamshire
NG7 7HS





REGISTERED NUMBER: 08751704 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

DDG PLATING LIMITED (REGISTERED NUMBER: 08751704)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 380,911 40,032

CURRENT ASSETS
Stocks 13,079 12,075
Debtors 5 65,628 70,652
Prepayments and accrued income 6,568 6,859
Cash at bank and in hand 59,059 242,786
144,334 332,372
CREDITORS
Amounts falling due within one year 6 93,243 112,189
NET CURRENT ASSETS 51,091 220,183
TOTAL ASSETS LESS CURRENT LIABILITIES 432,002 260,215

CREDITORS
Amounts falling due after more than one year 7 (43,161 ) (63,680 )

ACCRUALS AND DEFERRED INCOME (5,471 ) (5,471 )
NET ASSETS 383,370 191,064

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 163,157 -
Retained earnings 220,212 191,063
SHAREHOLDERS' FUNDS 383,370 191,064

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 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.

DDG PLATING LIMITED (REGISTERED NUMBER: 08751704)

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 Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by:





Mr N D Green - Director


DDG PLATING LIMITED (REGISTERED NUMBER: 08751704)

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


1. STATUTORY INFORMATION

DDG Plating 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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - in accordance with the property
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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
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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 6 ) .

DDG PLATING LIMITED (REGISTERED NUMBER: 08751704)

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


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 January 2021 - 104,511 53,210
Additions 187,354 - 1,235
Revaluations 163,157 - -
At 31 December 2021 350,511 104,511 54,445
DEPRECIATION
At 1 January 2021 - 97,219 30,750
Charge for year 511 7,292 5,888
At 31 December 2021 511 104,511 36,638
NET BOOK VALUE
At 31 December 2021 350,000 - 17,807
At 31 December 2020 - 7,292 22,460

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 January 2021 3,260 18,817 4,649 184,447
Additions - 6,950 - 195,539
Revaluations - - - 163,157
At 31 December 2021 3,260 25,767 4,649 543,143
DEPRECIATION
At 1 January 2021 2,199 10,844 3,403 144,415
Charge for year 215 3,151 760 17,817
At 31 December 2021 2,414 13,995 4,163 162,232
NET BOOK VALUE
At 31 December 2021 846 11,772 486 380,911
At 31 December 2020 1,061 7,973 1,246 40,032

Cost or valuation at 31 December 2021 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2020 - 104,511 54,445
Valuation in 2021 350,511 - -
350,511 104,511 54,445

DDG PLATING LIMITED (REGISTERED NUMBER: 08751704)

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


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2020 3,260 25,767 4,649 192,632
Valuation in 2021 - - - 350,511
3,260 25,767 4,649 543,143

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 50,628 66,068
Other debtors 15,000 4,584
65,628 70,652

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 18,111 18,111
Hire purchase contracts 1,164 1,350
Trade creditors 17,184 14,286
Corporation tax 11,287 12,829
Social security and other taxes 1,941 1,843
VAT 2,903 14,372
Other creditors 40,645 49,390
Directors' current accounts 8 8
93,243 112,189

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans - 1-2 years 18,111 18,111
Bank loans - 2-5 years 24,662 43,769
Hire purchase contracts 388 1,800
43,161 63,680

8. RESERVES
Revaluation
reserve
£   
Transfer 163,157

At 31 December 2021 163,157

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr N D Green.