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REGISTERED NUMBER: 09844045 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

DGP ENGINEERING LIMITED

DGP ENGINEERING LIMITED (REGISTERED NUMBER: 09844045)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DGP ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: D Purser





SECRETARY: Mrs S Purser





REGISTERED OFFICE: Kelley & Lowe Limited
Gwynfa House
677 Princes Road
Dartford
Kent
DA2 6EF





REGISTERED NUMBER: 09844045 (England and Wales)





ACCOUNTANTS: Kelley & Lowe Limited
Gwynfa House
677 Princes Road
Dartford
Kent
DA2 6EF

DGP ENGINEERING LIMITED (REGISTERED NUMBER: 09844045)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 18,418 4,734

CURRENT ASSETS
Stocks 6,122 7,250
Debtors 5 137,802 142,819
Cash at bank 47,928 34
191,852 150,103
CREDITORS
Amounts falling due within one year 6 236,099 208,127
NET CURRENT LIABILITIES (44,247 ) (58,024 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,829

)

(53,290

)

CREDITORS
Amounts falling due after more than one
year

7

(30,905

)

(32,931

)

PROVISIONS FOR LIABILITIES (3,500 ) (900 )
NET LIABILITIES (60,234 ) (87,121 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (60,334 ) (87,221 )
SHAREHOLDERS' FUNDS (60,234 ) (87,121 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

DGP ENGINEERING LIMITED (REGISTERED NUMBER: 09844045)

BALANCE SHEET - continued
28 FEBRUARY 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 20 November 2023 and were signed by:





D Purser - Director


DGP ENGINEERING LIMITED (REGISTERED NUMBER: 09844045)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

DGP Engineering 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis, notwithstanding the deficiency of net assets, on the grounds that the director has confirmed the necessary funds will be made available to enable the company to meet its obligations as they fall due.

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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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 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.

Hire purchase and leasing commitments
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.

DGP ENGINEERING LIMITED (REGISTERED NUMBER: 09844045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 March 2022 19,155
Additions 20,824
At 28 February 2023 39,979
DEPRECIATION
At 1 March 2022 14,421
Charge for year 7,140
At 28 February 2023 21,561
NET BOOK VALUE
At 28 February 2023 18,418
At 28 February 2022 4,734

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 123,952 125,414
Other debtors 13,850 17,405
137,802 142,819

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 11,885 34,610
Hire purchase contracts 5,558 -
Trade creditors 124,709 73,098
Taxation and social security 9,406 4,649
Other creditors 84,541 95,770
236,099 208,127

DGP ENGINEERING LIMITED (REGISTERED NUMBER: 09844045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Bank loans 23,080 32,931
Hire purchase contracts 7,825 -
30,905 32,931