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REGISTERED NUMBER: SC524625 (Scotland)















DESIGN ENGINEERING WORKSHOP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023






DESIGN ENGINEERING WORKSHOP LIMITED (REGISTERED NUMBER: SC524625)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DESIGN ENGINEERING WORKSHOP LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2023







DIRECTORS: A Fraser
M Sinclair





REGISTERED OFFICE: 5/3 The Connal Building
34 West George Street
Glasgow
G2 1DA





REGISTERED NUMBER: SC524625 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

DESIGN ENGINEERING WORKSHOP LIMITED (REGISTERED NUMBER: SC524625)

BALANCE SHEET
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 149,029 7,923

CURRENT ASSETS
Debtors 5 172,344 87,735
Cash at bank 54,966 110,778
227,310 198,513
CREDITORS
Amounts falling due within one year 6 109,600 66,190
NET CURRENT ASSETS 117,710 132,323
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,739

140,246

CREDITORS
Amounts falling due after more than one
year

7

79,458

35,000
NET ASSETS 187,281 105,246

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 187,181 105,146
SHAREHOLDERS' FUNDS 187,281 105,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

DESIGN ENGINEERING WORKSHOP LIMITED (REGISTERED NUMBER: SC524625)

BALANCE SHEET - continued
30 April 2023


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 23 October 2023 and were signed on its behalf by:




A Fraser - Director



M Sinclair - Director


DESIGN ENGINEERING WORKSHOP LIMITED (REGISTERED NUMBER: SC524625)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2023


1. STATUTORY INFORMATION

Design Engineering Workshop Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover comprises services provided during the year, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 25% on cost

Government grants
Government grants in respect of revenue expenditure are credited to the profit and loss account in the year to which they relate.

Financial instruments
Basic financial instruments, including trade and other payables, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current 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 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.

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 5 (2022 - 4 ) .

DESIGN ENGINEERING WORKSHOP LIMITED (REGISTERED NUMBER: SC524625)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 - 27,290 27,290
Additions 138,232 14,233 152,465
Disposals - (4,289 ) (4,289 )
At 30 April 2023 138,232 37,234 175,466
DEPRECIATION
At 1 May 2022 - 19,367 19,367
Charge for year 2,765 8,512 11,277
Eliminated on disposal - (4,207 ) (4,207 )
At 30 April 2023 2,765 23,672 26,437
NET BOOK VALUE
At 30 April 2023 135,467 13,562 149,029
At 30 April 2022 - 7,923 7,923

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 163,531 80,361
Other debtors 8,813 7,374
172,344 87,735

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 14,053 10,000
Taxation and social security 92,494 53,947
Other creditors 3,053 2,243
109,600 66,190

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 79,458 35,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 33,659 -

DESIGN ENGINEERING WORKSHOP LIMITED (REGISTERED NUMBER: SC524625)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 61,478 -

One of the company's loan providers holds a fixed charge over the company's property and a bond and floating charge over the company's assets for all sums due. The company's directors have provided personal guarantees to one of the company's loan providers.

9. OTHER FINANCIAL COMMITMENTS

At 30 April 2023 the company was committed to making total payments under non-cancellable operating leases of £54,587 (2022, £10,836).