REGISTERED NUMBER: |
DESIGN ENGINEERING WORKSHOP LIMITED |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023 |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
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 |
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 |
Additions |
Disposals | ( |
) | ( |
) |
At 30 April 2023 |
DEPRECIATION |
At 1 May 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
At 30 April 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.23 | 30.4.22 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.23 | 30.4.22 |
£ | £ |
Bank loans and overdrafts |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
30.4.23 | 30.4.22 |
£ | £ |
Bank loans |
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). |