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REGISTERED NUMBER: 04331490 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2023

for

DJN Limited

DJN Limited (Registered number: 04331490)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DJN Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: S Clinton
R Clinton
G Eden





SECRETARY: A J Dean





REGISTERED OFFICE: 9 Sedling Road
Wear Industrial Estate
Washington
Tyne and Wear
NE38 9BZ





REGISTERED NUMBER: 04331490 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
Kepier House
Belmont Business Park
Durham
DH1 1TW

DJN Limited (Registered number: 04331490)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 173,190 217,030
173,190 217,030

CURRENT ASSETS
Stocks 21,000 9,000
Debtors 6 762,457 689,166
Cash at bank and in hand 326,915 362,266
1,110,372 1,060,432
CREDITORS
Amounts falling due within one year 7 395,035 391,917
NET CURRENT ASSETS 715,337 668,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

888,527

885,545

CREDITORS
Amounts falling due after more than one
year

8

(26,319

)

(43,956

)

PROVISIONS FOR LIABILITIES 10 (36,485 ) (39,702 )
NET ASSETS 825,723 801,887

CAPITAL AND RESERVES
Called up share capital 11 22 22
Retained earnings 825,701 801,865
SHAREHOLDERS' FUNDS 825,723 801,887

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

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

DJN Limited (Registered number: 04331490)

Balance Sheet - continued
31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2023 and were signed on its behalf by:





R Clinton - Director


DJN Limited (Registered number: 04331490)

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

1. STATUTORY INFORMATION

DJN 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Revenue is recognised as work is done and any unbilled income is included as work in progress.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of four 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

Tangible fixed assets are measured at cost less any depreciation and impairment.

Government grants
Revenue based grants are credited to the profit and loss in the period to which they relate.

Stocks
Work in progress represents unbilled income.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit and loss.


DJN Limited (Registered number: 04331490)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 24 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 15,595
AMORTISATION
At 1 June 2022
and 31 May 2023 15,595
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

DJN Limited (Registered number: 04331490)

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

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 June 2022 - 885,965 280,904 1,166,869
Additions 15,234 3,538 44,405 63,177
Disposals - (83 ) - (83 )
At 31 May 2023 15,234 889,420 325,309 1,229,963
DEPRECIATION
At 1 June 2022 - 804,684 145,155 949,839
Charge for year 762 64,280 41,915 106,957
Eliminated on disposal - (23 ) - (23 )
At 31 May 2023 762 868,941 187,070 1,056,773
NET BOOK VALUE
At 31 May 2023 14,472 20,479 138,239 173,190
At 31 May 2022 - 81,281 135,749 217,030

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 256,744 233,135
Amounts owed by group undertakings 488,412 441,029
Other debtors 12,331 5,289
Directors' current accounts - 1,573
Prepayments and accrued income 4,970 8,140
762,457 689,166

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 7,583 7,583
Trade creditors 281,993 353,799
Taxation and social security 67,769 (1,194 )
Other creditors 13,743 8,040
Accruals and deferred income 13,947 13,689
395,035 391,917

DJN Limited (Registered number: 04331490)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 10,000 20,055
Hire purchase contracts 6,319 13,901
26,319 43,956

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 13,902 21,484

Hire purchase contracts are secured on the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 36,485 39,702

Deferred
tax
£   
Balance at 1 June 2022 39,702
Accelerated capital allowances (3,217 )
Balance at 31 May 2023 36,485

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
22 Ordinary £1 22 22

DJN Limited (Registered number: 04331490)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
S Clinton
Balance outstanding at start of year 1,243 1,243
Amounts advanced 207 -
Amounts repaid (1,450 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,243

R Clinton
Balance outstanding at start of year 330 330
Amounts advanced 228 -
Amounts repaid (558 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 330

13. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group or those at a market rate.

There were no related party transactions other than those concluded under normal market condition, except for those shown below:

2023 2022
£ £
Amounts due from directors - 1,573
No interest has been charged.

14. ULTIMATE CONTROLLING PARTY

The parent company is DJN Group Limited. Their registered office address is 9 Sedling Road, Wear Industrial Estate, Washington, NE38 9BZ.