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REGISTERED NUMBER: 07577101 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

DUTTON & HADDY - RENEWABLE ENERGY
SERVICES & TECHNOLOGIES LTD

DUTTON & HADDY - RENEWABLE ENERGY
SERVICES & TECHNOLOGIES LTD (REGISTERED NUMBER: 07577101)

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


DUTTON & HADDY - RENEWABLE ENERGY
SERVICES & TECHNOLOGIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mr A P S Dutton
Mr D Farmer



REGISTERED OFFICE: Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



REGISTERED NUMBER: 07577101 (England and Wales)



ACCOUNTANTS: Marsland Nash Associates
Chartered Tax Advisers, Accountants
and Business Consultants
Vantage Point House
Silverhills Road
Decoy Industrial Estate
Newton Abbot
Devon
TQ12 5ND



BANKERS: Natwest Plc
15 Victoria Street
Paignton
Devon
TQ4 5DE

DUTTON & HADDY - RENEWABLE ENERGY
SERVICES & TECHNOLOGIES LTD (REGISTERED NUMBER: 07577101)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,453 7,458

CURRENT ASSETS
Stocks 5 11,000 10,000
Debtors 6 195,621 149,533
Cash at bank 16,109 57,522
222,730 217,055
CREDITORS
Amounts falling due within one year 7 84,195 108,340
NET CURRENT ASSETS 138,535 108,715
TOTAL ASSETS LESS CURRENT LIABILITIES 163,988 116,173

CREDITORS
Amounts falling due after more than one
year

8

(27,774

)

(33,140

)

PROVISIONS FOR LIABILITIES (4,712 ) (1,417 )
NET ASSETS 131,502 81,616

CAPITAL AND RESERVES
Called up share capital 20 20
Capital redemption reserve (126,684 ) (126,684 )
Retained earnings 258,166 208,280
SHAREHOLDERS' FUNDS 131,502 81,616

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.

DUTTON & HADDY - RENEWABLE ENERGY
SERVICES & TECHNOLOGIES LTD (REGISTERED NUMBER: 07577101)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2023 and were signed on its behalf by:





Mr A P S Dutton - Director


DUTTON & HADDY - RENEWABLE ENERGY
SERVICES & TECHNOLOGIES LTD (REGISTERED NUMBER: 07577101)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Dutton & Haddy - Renewable Energy Services & Technologies Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 Statement of Income and Retained Earnings, 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.

DUTTON & HADDY - RENEWABLE ENERGY
SERVICES & TECHNOLOGIES LTD (REGISTERED NUMBER: 07577101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 11 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2022 6,286 24,495 3,838 34,619
Additions 959 25,495 1,498 27,952
Disposals - (12,495 ) (3,838 ) (16,333 )
At 30 April 2023 7,245 37,495 1,498 46,238
DEPRECIATION
At 1 May 2022 4,292 19,031 3,838 27,161
Charge for year 591 7,323 375 8,289
Eliminated on disposal - (10,827 ) (3,838 ) (14,665 )
At 30 April 2023 4,883 15,527 375 20,785
NET BOOK VALUE
At 30 April 2023 2,362 21,968 1,123 25,453
At 30 April 2022 1,994 5,464 - 7,458

DUTTON & HADDY - RENEWABLE ENERGY
SERVICES & TECHNOLOGIES LTD (REGISTERED NUMBER: 07577101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2022 24,495
Additions 10,995
Disposals (12,495 )
Transfer to ownership (12,000 )
At 30 April 2023 10,995
DEPRECIATION
At 1 May 2022 19,031
Charge for year 2,749
Eliminated on disposal (10,827 )
Transfer to ownership (8,204 )
At 30 April 2023 2,749
NET BOOK VALUE
At 30 April 2023 8,246
At 30 April 2022 5,464

5. STOCKS
2023 2022
£    £   
Stocks 11,000 10,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 180,422 134,799
Other debtors 450 450
VAT 9,700 10,941
Prepayments 5,049 3,343
195,621 149,533

DUTTON & HADDY - RENEWABLE ENERGY
SERVICES & TECHNOLOGIES LTD (REGISTERED NUMBER: 07577101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,524 10,648
Hire purchase contracts 1,719 2,777
Trade creditors 21,551 39,973
Tax 22,650 17,137
Social security and other taxes 3,909 1,874
Other creditors 3,120 77
Directors' current accounts 17,867 33,166
Accrued expenses 2,855 2,688
84,195 108,340

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 24,298 33,140
Hire purchase contracts 3,476 -
27,774 33,140

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mr A P S Dutton
Balance outstanding at start of year (28,147 ) (14,287 )
Amounts advanced 47,052 27,518
Amounts repaid (28,913 ) (41,378 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (10,008 ) (28,147 )

Mr D Farmer
Balance outstanding at start of year (5,019 ) (1,621 )
Amounts advanced 26,073 20,980
Amounts repaid (28,913 ) (24,378 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,859 ) (5,019 )

Loans are unsecured, interest free and repayable on demand.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £57,827 (2022 - £65,756) were paid to the directors .

DUTTON & HADDY - RENEWABLE ENERGY
SERVICES & TECHNOLOGIES LTD (REGISTERED NUMBER: 07577101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


11. GOVERNMENT GUARANTEED LOAN

The bank loan of £34,167 (2022: £43,788) is a COVID-19 Bounce Back Loan, guaranteed by the government. Term runs to September 2026.