IRIS Accounts Production v23.3.1.45 06060923 Board of Directors Board of Directors 1.3.22 28.2.23 28.2.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure060609232022-02-28060609232023-02-28060609232022-03-012023-02-28060609232021-02-28060609232021-03-012022-02-28060609232022-02-2806060923ns16:EnglandWales2022-03-012023-02-2806060923ns15:PoundSterling2022-03-012023-02-2806060923ns11:Director12022-03-012023-02-2806060923ns11:Director22022-03-012023-02-2806060923ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2806060923ns11:SmallEntities2022-03-012023-02-2806060923ns11:AuditExemptWithAccountantsReport2022-03-012023-02-2806060923ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2806060923ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2806060923ns11:FullAccounts2022-03-012023-02-2806060923ns11:Director32022-03-012023-02-2806060923ns11:Director42022-03-012023-02-2806060923ns11:CompanySecretary12022-03-012023-02-2806060923ns11:RegisteredOffice2022-03-012023-02-2806060923ns6:CurrentFinancialInstruments2023-02-2806060923ns6:CurrentFinancialInstruments2022-02-2806060923ns6:Non-currentFinancialInstruments2023-02-2806060923ns6:Non-currentFinancialInstruments2022-02-2806060923ns6:ShareCapital2023-02-2806060923ns6:ShareCapital2022-02-2806060923ns6:RetainedEarningsAccumulatedLosses2023-02-2806060923ns6:RetainedEarningsAccumulatedLosses2022-02-2806060923ns6:ShortLeaseholdAssetsns6:LandBuildings2022-03-012023-02-2806060923ns6:PlantMachinery2022-03-012023-02-2806060923ns6:MotorVehicles2022-03-012023-02-2806060923ns6:ShortLeaseholdAssetsns6:LandBuildings2022-02-2806060923ns6:PlantMachinery2022-02-2806060923ns6:MotorVehicles2022-02-2806060923ns6:ShortLeaseholdAssetsns6:LandBuildings2023-02-2806060923ns6:PlantMachinery2023-02-2806060923ns6:MotorVehicles2023-02-2806060923ns6:ShortLeaseholdAssetsns6:LandBuildings2022-02-2806060923ns6:PlantMachinery2022-02-2806060923ns6:MotorVehicles2022-02-2806060923ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-02-2806060923ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-02-2806060923ns6:LeasedAssetsHeldAsLessee2022-02-2806060923ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-03-012023-02-2806060923ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-03-012023-02-2806060923ns6:LeasedAssetsHeldAsLessee2022-03-012023-02-2806060923ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2023-02-2806060923ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2023-02-2806060923ns6:LeasedAssetsHeldAsLessee2023-02-2806060923ns6:PlantMachineryns6:LeasedAssetsHeldAsLessee2022-02-2806060923ns6:MotorVehiclesns6:LeasedAssetsHeldAsLessee2022-02-2806060923ns6:LeasedAssetsHeldAsLessee2022-02-2806060923ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2806060923ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-2806060923ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2023-02-2806060923ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2022-02-2806060923ns6:Secured2023-02-2806060923ns6:Secured2022-02-28
REGISTERED NUMBER: 06060923 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

D G DITCHFIELD LIMITED

D G DITCHFIELD LIMITED (REGISTERED NUMBER: 06060923)






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

Report of the Accountants 9

D G DITCHFIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: D G Ditchfield
Mrs D Ditchfield
L Ditchfield
B Ditchfield





SECRETARY: Mrs D Ditchfield





REGISTERED OFFICE: 2 Cabin Knoll
Calwich
Ashbourne
Derbyshire
DE6 2HE





REGISTERED NUMBER: 06060923 (England and Wales)





ACCOUNTANTS: Bradley Accounting Plus Ltd
41 St John Street
Ashbourne
Derbyshire
DE6 1GP

D G DITCHFIELD LIMITED (REGISTERED NUMBER: 06060923)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,960 71,075
Herd Account 5 15,500 20,320
104,460 91,395

CURRENT ASSETS
Stocks 38,628 8,000
Debtors 6 77,958 69,270
Cash at bank 6 2
116,592 77,272
CREDITORS
Amounts falling due within one year 7 125,590 114,465
NET CURRENT LIABILITIES (8,998 ) (37,193 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,462

54,202

CREDITORS
Amounts falling due after more than one
year

8

(72,478

)

(64,115

)

PROVISIONS FOR LIABILITIES (16,379 ) (12,405 )
NET ASSETS/(LIABILITIES) 6,605 (22,318 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,505 (22,418 )
SHAREHOLDERS' FUNDS 6,605 (22,318 )

D G DITCHFIELD LIMITED (REGISTERED NUMBER: 06060923)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 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.

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 7 November 2023 and were signed on its behalf by:




Mrs D Ditchfield - Director



D G Ditchfield - Director


D G DITCHFIELD LIMITED (REGISTERED NUMBER: 06060923)

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

1. STATUTORY INFORMATION

D G Ditchfield 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 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.
Buildings - 10% on cost
Plant and machinery - at varying rates on cost
Motor vehicles - 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 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 G DITCHFIELD LIMITED (REGISTERED NUMBER: 06060923)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
Buildings machinery vehicles Totals
£    £    £    £   
COST
At 1 March 2022 13,804 138,630 5,500 157,934
Additions - - 40,000 40,000
At 28 February 2023 13,804 138,630 45,500 197,934
DEPRECIATION
At 1 March 2022 9,671 74,438 2,750 86,859
Charge for year 1,382 19,358 1,375 22,115
At 28 February 2023 11,053 93,796 4,125 108,974
NET BOOK VALUE
At 28 February 2023 2,751 44,834 41,375 88,960
At 28 February 2022 4,133 64,192 2,750 71,075

D G DITCHFIELD LIMITED (REGISTERED NUMBER: 06060923)

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

4. 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 March 2022 114,175 - 114,175
Additions - 40,000 40,000
Transfer to ownership 14,000 - 14,000
At 28 February 2023 128,175 40,000 168,175
DEPRECIATION
At 1 March 2022 65,637 - 65,637
Charge for year 19,076 - 19,076
At 28 February 2023 84,713 - 84,713
NET BOOK VALUE
At 28 February 2023 43,462 40,000 83,462
At 28 February 2022 48,538 - 48,538

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Herd Account 15,500 20,320

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,540 8,746
Prepayments 13,368 3,706
Directors' current accounts 48,629 43,756
Recoverable contractors tax 5,329 13,062
VAT 9,092 -
77,958 69,270

D G DITCHFIELD LIMITED (REGISTERED NUMBER: 06060923)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,587 12,208
Hire purchase contracts 59,908 43,347
Trade creditors 27,188 25,770
Tax 16,387 18,938
Social security and other taxes - 101
VAT - 1,845
Nest Pension - 6
Directors' current accounts 4,783 3,968
Accruals and deferred income 8,737 8,282
125,590 114,465

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 35,081 42,313
Hire purchase contracts 37,397 21,802
72,478 64,115

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 35,081 42,313

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 35,081 42,313
Hire purchase contracts 97,305 65,149
132,386 107,462

10. OTHER FINANCIAL COMMITMENTS

The company has total commitments at the balance sheet date of £14,381

D G DITCHFIELD LIMITED (REGISTERED NUMBER: 06060923)

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

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in debtors due with one year is an amount owed from the directors at the year end of £48,629 (2022 £43,756). Loans from the directors are unsecured and interest free.

D G Ditchfield, a director, has given personal guarantees in respect of plant and machinery rental agreements. At the balance sheet date, there was £14,381 (2022 -£23,641) outstanding on those agreements.

In October 2012, the company provided a guarantee for a loan given to the directors for a total of £97,000, such guarantee being supported by a debenture over the company's assets.













D G DITCHFIELD LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
D G DITCHFIELD LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Bradley Accounting Plus Ltd
41 St John Street
Ashbourne
Derbyshire
DE6 1GP


7 November 2023