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REGISTERED NUMBER: 06837439 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

DC ENGINEERING (EAST ANGLIA) LIMITED

DC ENGINEERING (EAST ANGLIA) LIMITED (REGISTERED NUMBER: 06837439)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DC ENGINEERING (EAST ANGLIA) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mr D E G Clark
Mrs M L Clark
Mr M E Clark
Miss G G Clark





REGISTERED OFFICE: 21 Market Place
Dereham
Norfolk
NR19 2AX





REGISTERED NUMBER: 06837439 (England and Wales)





ACCOUNTANTS: Farnell Clarke (Dereham) Limited
21 Market Place
Dereham
Norfolk
NR19 2AX

DC ENGINEERING (EAST ANGLIA) LIMITED (REGISTERED NUMBER: 06837439)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 130,399 109,088
Tangible assets 5 114,950 141,222
245,349 250,310

CURRENT ASSETS
Stocks 504,195 454,775
Debtors 6 115,018 250,471
Cash at bank and in hand 26,463 88,381
645,676 793,627
CREDITORS
Amounts falling due within one year 7 597,881 527,089
NET CURRENT ASSETS 47,795 266,538
TOTAL ASSETS LESS CURRENT LIABILITIES 293,144 516,848

CREDITORS
Amounts falling due after more than one
year

8

(214,058

)

(283,318

)

PROVISIONS FOR LIABILITIES (16,393 ) (16,393 )
NET ASSETS 62,693 217,137

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 62,593 217,037
SHAREHOLDERS' FUNDS 62,693 217,137

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

DC ENGINEERING (EAST ANGLIA) LIMITED (REGISTERED NUMBER: 06837439)

BALANCE SHEET - continued
31 MARCH 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 Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:




Mr D E G Clark - Director



Mrs M L Clark - Director


DC ENGINEERING (EAST ANGLIA) LIMITED (REGISTERED NUMBER: 06837439)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

DC Engineering (East Anglia) 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
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software costs are being amortised evenly over their estimated useful life of three years.

Computer software is being amortised evenly over its estimated useful life of nil years.

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.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost and 10% on reducing balance
Office equipment & fixtures - 20% on cost
Motor vehicles - 25% on cost
Display equipment - 20% 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 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.


DC ENGINEERING (EAST ANGLIA) LIMITED (REGISTERED NUMBER: 06837439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued
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
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 NIL (2022 - 14 ).

4. INTANGIBLE FIXED ASSETS
Software Computer
Goodwill costs software Totals
£    £    £    £   
COST
At 1 April 2022 126,000 46,575 91,335 263,910
Additions - - 30,600 30,600
At 31 March 2023 126,000 46,575 121,935 294,510
AMORTISATION
At 1 April 2022 114,950 39,872 - 154,822
Amortisation for year 2,600 6,689 - 9,289
At 31 March 2023 117,550 46,561 - 164,111
NET BOOK VALUE
At 31 March 2023 8,450 14 121,935 130,399
At 31 March 2022 11,050 6,703 91,335 109,088

DC ENGINEERING (EAST ANGLIA) LIMITED (REGISTERED NUMBER: 06837439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS
Improvements Office
to Plant and equipment
property machinery & fixtures
£    £    £   
COST
At 1 April 2022 161,393 420,678 45,045
Additions - 4,786 3,158
At 31 March 2023 161,393 425,464 48,203
DEPRECIATION
At 1 April 2022 147,321 322,397 41,284
Charge for year 4,295 12,909 1,160
At 31 March 2023 151,616 335,306 42,444
NET BOOK VALUE
At 31 March 2023 9,777 90,158 5,759
At 31 March 2022 14,072 98,281 3,761

Motor Display
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 116,565 12,865 756,546
Additions - - 7,944
At 31 March 2023 116,565 12,865 764,490
DEPRECIATION
At 1 April 2022 91,461 12,861 615,324
Charge for year 15,852 - 34,216
At 31 March 2023 107,313 12,861 649,540
NET BOOK VALUE
At 31 March 2023 9,252 4 114,950
At 31 March 2022 25,104 4 141,222

DC ENGINEERING (EAST ANGLIA) LIMITED (REGISTERED NUMBER: 06837439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 196,120 63,410 259,530
DEPRECIATION
At 1 April 2022 109,380 38,310 147,690
Charge for year 8,674 15,852 24,526
At 31 March 2023 118,054 54,162 172,216
NET BOOK VALUE
At 31 March 2023 78,066 9,248 87,314
At 31 March 2022 86,740 25,100 111,840

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 110,949 245,098
Other debtors 4,069 5,373
115,018 250,471

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 61,777 40,413
Hire purchase contracts 19,334 43,888
Payments on account 260,929 249,212
Trade creditors 219,205 133,039
Taxation and social security 31,390 52,294
Other creditors 5,246 8,243
597,881 527,089

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 54,171 91,554
Hire purchase contracts 1,199 16,476
Other creditors 158,688 175,288
214,058 283,318

DC ENGINEERING (EAST ANGLIA) LIMITED (REGISTERED NUMBER: 06837439)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. RELATED PARTY DISCLOSURES

At the balance sheet date there was an amount due to the directors of £158,688 (2022: £175,288). The directors have subjugated this loan in preference to any other creditors. No interest has been accrued on this loan.

10. ULTIMATE CONTROLLING PARTY

DEG & ML Clark are the ultimate controlling party by virtue of their 100% shareholding in the company.