Company Registration No. 10301000 (England and Wales)
DDI FABRICATIONS LTD
Unaudited accounts
for the year ended 30 September 2023
DDI FABRICATIONS LTD
Unaudited accounts
Contents
DDI FABRICATIONS LTD
Company Information
for the year ended 30 September 2023
Directors
David Hughes
Ian Ward
Company Number
10301000 (England and Wales)
Registered Office
UNIT 65 ENFIELD INDUSTRIAL ESTATE
REDDITCH
WORCESTERSHIRE
B97 6DE
UNITED KINGDOM
Accountants
AC Counts & Services Ltd
Office 42
Imex Business Centre, Oxleasow Road
Redditch
Worcestershire
B98 0RE
DDI FABRICATIONS LTD
Statement of financial position
as at 30 September 2023
Intangible assets
12,000
-
Tangible assets
22,772
15,758
Cash at bank and in hand
15,021
11,672
Creditors: amounts falling due within one year
(28,313)
(30,076)
Net current assets
3,150
32,726
Total assets less current liabilities
37,922
48,484
Creditors: amounts falling due after more than one year
(14,851)
(12,763)
Provisions for liabilities
Other provisions
-
(8,861)
Called up share capital
99
99
Profit and loss account
22,972
26,761
Shareholders' funds
23,071
26,860
For the year ending 30 September 2023 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 17 October 2023 and were signed on its behalf by
David Hughes
Director
Company Registration No. 10301000
DDI FABRICATIONS LTD
Notes to the Accounts
for the year ended 30 September 2023
DDI FABRICATIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 10301000. The registered office is UNIT 65 ENFIELD INDUSTRIAL ESTATE, REDDITCH, WORCESTERSHIRE, B97 6DE, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
15% Reducing Balance Method
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The directors have indicated their support will continue for the foreseeable future.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
DDI FABRICATIONS LTD
Notes to the Accounts
for the year ended 30 September 2023
4
Intangible fixed assets
Goodwill
At 30 September 2023
16,000
At 30 September 2023
4,000
At 30 September 2023
12,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
13,434
7,195
4,983
25,612
Additions
10,883
-
931
11,814
At 30 September 2023
24,317
7,195
5,914
37,426
At 1 October 2022
4,269
3,639
1,946
9,854
Charge for the year
3,007
609
1,184
4,800
At 30 September 2023
7,276
4,248
3,130
14,654
At 30 September 2023
17,041
2,947
2,784
22,772
At 30 September 2022
9,165
3,556
3,037
15,758
Amounts falling due within one year
Trade debtors
12,660
30,586
Accrued income and prepayments
-
8,000
Amounts falling due after more than one year
Accrued income and prepayments
-
3,250
DDI FABRICATIONS LTD
Notes to the Accounts
for the year ended 30 September 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,755
8,059
Taxes and social security
8,951
6,878
Loans from directors
9,048
5,637
8
Creditors: amounts falling due after more than one year
2023
2022
9
Transactions with related parties
At the year end, there was a balance of £9037 (2021 - £5649) owing to Mr Ian Ward (Director) .
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).