REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 APRIL 2023 TO 31 JANUARY 2024 |
FOR |
D & D ENGINEERING (HULL) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
1 APRIL 2023 TO 31 JANUARY 2024 |
FOR |
D & D ENGINEERING (HULL) LIMITED |
D & D ENGINEERING (HULL) LIMITED (REGISTERED NUMBER: 01857422) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1 April 2023 to 31 January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
D & D ENGINEERING (HULL) LIMITED |
COMPANY INFORMATION |
for the Period 1 April 2023 to 31 January 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Beckside Court |
Annie Reed Road |
Beverley |
East Yorkshire |
HU17 0LF |
D & D ENGINEERING (HULL) LIMITED (REGISTERED NUMBER: 01857422) |
BALANCE SHEET |
31 January 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 9 | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
D & D ENGINEERING (HULL) LIMITED (REGISTERED NUMBER: 01857422) |
BALANCE SHEET - continued |
31 January 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
The financial statements were approved by the director and authorised for issue on |
D & D ENGINEERING (HULL) LIMITED (REGISTERED NUMBER: 01857422) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 April 2023 to 31 January 2024 |
1. | STATUTORY INFORMATION |
D & D Engineering (Hull) Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Stockholm Road, Sutton Fields Industrial Estate, Hull, HU7 OXW. |
The principal activity of the company is manufacturing of specialist equipment. |
The presentational currency of the financial statements is Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the director, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. |
Turnover |
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts. |
Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer. |
Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date. |
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, was fully written off one year after the acquisition. |
Intangible assets |
Patents and licences have been amortised over their estimated useful life in previous years. They are now fully amortised. |
Tangible fixed assets |
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. |
Plant and machinery etc - 20% on cost, 10% on cost and 20% to 33% on cost |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
D & D ENGINEERING (HULL) LIMITED (REGISTERED NUMBER: 01857422) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 April 2023 to 31 January 2024 |
2. | ACCOUNTING POLICIES - continued |
Stocks |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Stock is calculated on the first in first out basis. |
In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion. |
Taxation |
Taxation for the period 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 period 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. |
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. |
Valuation of investments |
Investments held as fixed assets are stated at cost less any impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
D & D ENGINEERING (HULL) LIMITED (REGISTERED NUMBER: 01857422) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 April 2023 to 31 January 2024 |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
Goodwill | assets | Totals |
£ | £ | £ |
COST |
At 1 April 2023 |
Disposals | ( |
) | ( |
) | ( |
) |
At 31 January 2024 |
AMORTISATION |
At 1 April 2023 |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 March 2023 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 April 2023 |
Disposals | ( |
) |
At 31 January 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for period |
Eliminated on disposal | ( |
) |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 March 2023 |
D & D ENGINEERING (HULL) LIMITED (REGISTERED NUMBER: 01857422) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 April 2023 to 31 January 2024 |
6. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2023 |
Disposals | ( |
) |
At 31 January 2024 |
NET BOOK VALUE |
At 31 January 2024 |
At 31 March 2023 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
10. | RELATED PARTY DISCLOSURES |
During the year the company paid monthly management charges to its parent company, D & D Engineering (Holdings) Limited, amounting to £94,500 for the year (2023: £108,600). |
At the balance sheet date the company owed D & D Engineering (Holdings) Limited £Nil (2023: £143,508). |
D & D ENGINEERING (HULL) LIMITED (REGISTERED NUMBER: 01857422) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 April 2023 to 31 January 2024 |
11. | ULTIMATE CONTROLLING PARTY |
The companys ultimate controlling party is D & D Engineering (Holdings) Limited . |