Silverfin false 31/03/2023 01/04/2022 31/03/2023 David Lyus 12/11/2014 Malcom Lyus 12/11/2014 Stephen Lyus 12/11/2014 31 August 2023 The principal activity of the Company during the financial year was manufacturing metal structures. 09308194 2023-03-31 09308194 bus:Director1 2023-03-31 09308194 bus:Director2 2023-03-31 09308194 bus:Director3 2023-03-31 09308194 2022-03-31 09308194 core:CurrentFinancialInstruments 2023-03-31 09308194 core:CurrentFinancialInstruments 2022-03-31 09308194 core:ShareCapital 2023-03-31 09308194 core:ShareCapital 2022-03-31 09308194 core:RetainedEarningsAccumulatedLosses 2023-03-31 09308194 core:RetainedEarningsAccumulatedLosses 2022-03-31 09308194 core:PlantMachinery 2022-03-31 09308194 core:PlantMachinery 2023-03-31 09308194 2022-04-01 2023-03-31 09308194 bus:FullAccounts 2022-04-01 2023-03-31 09308194 bus:SmallEntities 2022-04-01 2023-03-31 09308194 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09308194 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09308194 bus:Director1 2022-04-01 2023-03-31 09308194 bus:Director2 2022-04-01 2023-03-31 09308194 bus:Director3 2022-04-01 2023-03-31 09308194 core:PlantMachinery core:TopRangeValue 2022-04-01 2023-03-31 09308194 2021-04-01 2022-03-31 09308194 core:PlantMachinery 2022-04-01 2023-03-31 09308194 1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 09308194 (England and Wales)

D L ALUMINIUM WORKPLACE SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

D L ALUMINIUM WORKPLACE SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

D L ALUMINIUM WORKPLACE SOLUTIONS LIMITED

BALANCE SHEET

As at 31 March 2023
D L ALUMINIUM WORKPLACE SOLUTIONS LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 3,320 5,351
3,320 5,351
Current assets
Stocks 4 4,000 4,000
Debtors 5 38,758 23,917
Cash at bank and in hand 24,389 45,538
67,147 73,455
Creditors: amounts falling due within one year 6 ( 26,302) ( 29,064)
Net current assets 40,845 44,391
Total assets less current liabilities 44,165 49,742
Provision for liabilities 7 ( 813) ( 1,338)
Net assets 43,352 48,404
Capital and reserves
Called-up share capital 3 3
Profit and loss account 43,349 48,401
Total shareholder's funds 43,352 48,404

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of D L Aluminium Workplace Solutions Limited (registered number: 09308194) were approved and authorised for issue by the Director on 31 August 2023. They were signed on its behalf by:

Stephen Lyus
Director
D L ALUMINIUM WORKPLACE SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
D L ALUMINIUM WORKPLACE SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

D L Aluminium Workplace Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is D L Group Building, George Smith Way, Yeovil, BA22 8QR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 April 2022 8,125 8,125
At 31 March 2023 8,125 8,125
Accumulated depreciation
At 01 April 2022 2,774 2,774
Charge for the financial year 2,031 2,031
At 31 March 2023 4,805 4,805
Net book value
At 31 March 2023 3,320 3,320
At 31 March 2022 5,351 5,351

4. Stocks

2023 2022
£ £
Stocks 4,000 4,000

5. Debtors

2023 2022
£ £
Trade debtors 5,780 21,998
Amounts owed by Group undertakings 31,128 669
Other debtors 1,850 1,250
38,758 23,917

Amounts owed by Group undertakings are repayable on demand and do not bear interest.

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 15,025 24,728
Amounts owed to Group undertakings 0 383
Other taxation and social security 4,755 2,108
Other creditors 6,522 1,845
26,302 29,064

7. Provision for liabilities

2023 2022
£ £
Deferred tax 813 1,338

8. Related party transactions

Transactions with owners holding a participating interest in the entity

The company has taken advantage of the exemptions provided from disclosing transactions with its parent and other wholly owned group companies on the grounds that it is a wholly owned subsidiary.

9. Ultimate controlling party

The company's immediate parent is Lybrook Holdings Limited, incorporated in England and Wales. Its registered office address is D L Group Building, George Smith Way, Yeovil, Somerset, BA22 8QR.

These financial statements are available upon request from Companies House, Cardiff.