Registered number
03690495
Dyas Electrical Engineers Limited
Filleted Accounts
31 March 2023
Dyas Electrical Engineers Limited
Registered number: 03690495
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 78,957 44,747
Current assets
Debtors 4 561,654 715,211
Cash at bank and in hand 1,210,987 870,294
1,772,641 1,585,505
Creditors: amounts falling due within one year 5 (345,695) (275,090)
Net current assets 1,426,946 1,310,415
Total assets less current liabilities 1,505,903 1,355,162
Creditors: amounts falling due after more than one year 6 (37,436) -
Provisions for liabilities (15,002) (8,502)
Net assets 1,453,465 1,346,660
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,453,365 1,346,560
Shareholders' funds 1,453,465 1,346,660
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Dyas
Director
Approved by the board on 8 November 2023
Dyas Electrical Engineers Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised according to the date on which the services are provided.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 3 years straight line
Fixtures and equipment 20% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 18 18
3 Tangible fixed assets
Leasehold land and buildings Fixtures and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 40,458 69,327 170,219 280,004
Additions - - 60,198 60,198
Disposals - - (8,220) (8,220)
At 31 March 2023 40,458 69,327 222,197 331,982
Depreciation
At 1 April 2022 40,458 55,054 139,745 235,257
Charge for the year - 2,855 22,670 25,525
On disposals - - (7,757) (7,757)
At 31 March 2023 40,458 57,909 154,658 253,025
Net book value
At 31 March 2023 - 11,418 67,539 78,957
At 31 March 2022 - 14,273 30,474 44,747
4 Debtors 2023 2022
£ £
Trade debtors 256,228 390,807
Other debtors 305,426 324,404
561,654 715,211
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 10,357 -
Trade creditors 191,427 114,259
Taxation and social security costs 135,377 116,804
Other creditors 8,534 44,027
345,695 275,090
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 37,436 -
7 Related party transactions
During the year dividends were paid to the shareholding director of £15,000 (2022 : £20,000).

The balance owed to the director was £1,034 (2022 : £2,474) at the year end.
8 Controlling party
The company is wholly controlled by the director.
9 Other information
Dyas Electrical Engineers Limited is a private company limited by shares and incorporated in England. Its registered office and trading address is:
Unit 6, Cherry Tree Business Park
Estate Road No 5
Grimsby
North East Lincolnshire
DN31 2TG
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