Company Registration No. 06943125 (England and Wales)
D & D Plant Service & Repair Limited
Unaudited accounts
for the year ended 30 June 2023
D & D Plant Service & Repair Limited
Unaudited accounts
Contents
D & D Plant Service & Repair Limited
Company Information
for the year ended 30 June 2023
Directors
Dale John Simmonds
David Albert Vincent
Company Number
06943125 (England and Wales)
Registered Office
42 Bideford Road
Newport
NP20 3BJ
Accountants
Evans Entwistle
Venta House
Maes-glas
Newport
NP20 2NS
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
D & D Plant Service & Repair Limited
for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of D & D Plant Service & Repair Limited for the year ended 30 June 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Evans Entwistle
Member in Practice
Venta House
Maes-glas
Newport
NP20 2NS
31 August 2023
D & D Plant Service & Repair Limited
Statement of financial position
as at 30 June 2023
Tangible assets
324,997
242,523
Cash at bank and in hand
59,335
71,997
Creditors: amounts falling due within one year
(74,157)
(71,766)
Net current assets
13,087
37,816
Total assets less current liabilities
338,084
280,339
Creditors: amounts falling due after more than one year
(118,808)
(112,339)
Provisions for liabilities
Deferred tax
(60,316)
(60,631)
Net assets
158,960
107,369
Called up share capital
2
2
Profit and loss account
158,958
107,367
Shareholders' funds
158,960
107,369
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2023 and were signed on its behalf by
Dale John Simmonds
Director
Company Registration No. 06943125
D & D Plant Service & Repair Limited
Notes to the Accounts
for the year ended 30 June 2023
D & D Plant Service & Repair Limited is a private company, limited by shares, registered in England and Wales, registration number 06943125. The registered office is 42 Bideford Road, Newport, NP20 3BJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10 years straight line
Motor vehicles
4 years straight line
Computer equipment
3 years straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
D & D Plant Service & Repair Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 July 2022
261,434
16,682
-
2,373
280,489
Additions
123,189
-
1,120
1,248
125,557
Disposals
(3,950)
-
-
-
(3,950)
At 30 June 2023
380,673
16,682
1,120
3,621
402,096
At 1 July 2022
27,427
10,078
-
461
37,966
Charge for the year
33,810
4,170
224
929
39,133
At 30 June 2023
61,237
14,248
224
1,390
77,099
At 30 June 2023
319,436
2,434
896
2,231
324,997
At 30 June 2022
234,007
6,604
-
1,912
242,523
Amounts falling due within one year
Trade debtors
27,909
37,585
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,178
5,520
Obligations under finance leases and hire purchase contracts
57,131
51,093
Taxes and social security
10,848
15,054
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
75,046
59,466
Loans from directors
34,167
38,400
D & D Plant Service & Repair Limited
Notes to the Accounts
for the year ended 30 June 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
60,316
60,631
Provision at start of year
60,631
16,917
(Credited)/charged to the profit and loss account
(315)
43,714
Provision at end of year
60,316
60,631
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
10
Average number of employees
During the year the average number of employees was 3 (2022: 3).