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REGISTERED NUMBER: 08130953 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2023

for

D W Mechanical Limited

D W Mechanical Limited (Registered number: 08130953)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D W Mechanical Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: D J Williamson





REGISTERED OFFICE: Eldo House
Kempson Way
Bury St Edmunds
Suffolk
IP32 7AR





REGISTERED NUMBER: 08130953 (England and Wales)





ACCOUNTANTS: Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

D W Mechanical Limited (Registered number: 08130953)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 86,839 35,972
86,839 35,972

CURRENT ASSETS
Stocks 37,774 -
Debtors 6 120,727 250,929
Cash at bank 30,671 2,636
189,172 253,565
CREDITORS
Amounts falling due within one year 7 116,329 179,536
NET CURRENT ASSETS 72,843 74,029
TOTAL ASSETS LESS CURRENT LIABILITIES 159,682 110,001

CREDITORS
Amounts falling due after more than one
year

8

(46,177

)

(34,043

)

PROVISIONS FOR LIABILITIES 12 (16,499 ) (6,835 )
NET ASSETS 97,006 69,123

CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings 96,906 69,023
SHAREHOLDERS' FUNDS 97,006 69,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

D W Mechanical Limited (Registered number: 08130953)

Balance Sheet - continued
31 July 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 director and authorised for issue on 13 October 2023 and were signed by:





D J Williamson - Director


D W Mechanical Limited (Registered number: 08130953)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

D W Mechanical Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services, excluding value added tax. Turnover is recognised as earned when the company obtains the right to receive consideration in return for its performance under its contracts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, has been fully amortised over it's estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended.


Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:-

Plant and machinery - 25% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

D W Mechanical Limited (Registered number: 08130953)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, and loans from banks or other related parties.

Debt instruments, like loans and other accounts receivable and payable, are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payment discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred 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 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.

D W Mechanical Limited (Registered number: 08130953)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Stocks
Stock is valued at the lower of cost or net realisable value, after making due allowance for obsolete and slow moving items. Work in progress is based on the cost of materials, labour and other direct expenditure.

Impairment
At each reporting date, goodwill and other fixed assets, including tangible fixed assets and investments but excluding investment properties, are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 60,000
AMORTISATION
At 1 August 2022
and 31 July 2023 60,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

D W Mechanical Limited (Registered number: 08130953)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 100,137
Additions 71,022
Disposals (7,007 )
At 31 July 2023 164,152
DEPRECIATION
At 1 August 2022 64,165
Charge for year 18,147
Eliminated on disposal (4,999 )
At 31 July 2023 77,313
NET BOOK VALUE
At 31 July 2023 86,839
At 31 July 2022 35,972

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2022 85,043
Additions 67,746
At 31 July 2023 152,789
DEPRECIATION
At 1 August 2022 53,872
Charge for year 17,034
At 31 July 2023 70,906
NET BOOK VALUE
At 31 July 2023 81,883
At 31 July 2022 31,171

D W Mechanical Limited (Registered number: 08130953)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 71,957 234,820
Other debtors 48,770 16,109
120,727 250,929

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,000 17,213
Hire purchase contracts (see note 10) 17,176 4,776
Trade creditors 65,167 122,847
Taxation and social security 6,552 20,114
Other creditors 17,434 14,586
116,329 179,536

Included within other creditors is an amount owed to the director.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 8,997 28,333
Hire purchase contracts (see note 10) 37,180 5,710
46,177 34,043

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 7,213
Bounce back loan 10,000 10,000
10,000 17,213

Amounts falling due between one and two years:
Bounce back loan - 1-2 years 8,997 10,000

Amounts falling due between two and five years:
Bounce back loan - 2-5 years - 18,333

D W Mechanical Limited (Registered number: 08130953)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 17,176 4,776
Between one and five years 37,180 5,710
54,356 10,486

Non-cancellable operating leases
2023 2022
£    £   
Within one year 9,451 13,328
Between one and five years 14,963 16,663
24,414 29,991

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 54,356 10,486

The hire purchase contracts are secured against the assets acquired.

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 16,499 6,835

Deferred
tax
£   
Balance at 1 August 2022 6,835
Provided during year 9,664
Balance at 31 July 2023 16,499

D W Mechanical Limited (Registered number: 08130953)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100