DH Engineering Automotive Specialist Ltd Filleted Accounts Cover
DH Engineering Automotive Specialist Ltd
Company No. 12733119
Information for Filing with The Registrar
31 July 2023
DH Engineering Automotive Specialist Ltd Balance Sheet Registrar
at
31 July 2023
Company No.
12733119
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
13,22817,637
13,22817,637
Current assets
Debtors
5
1,0056,704
Cash at bank and in hand
16,445835
17,4507,539
Creditors: Amount falling due within one year
6
(9,355)
(3,967)
Net current assets
8,0953,572
Total assets less current liabilities
21,32321,209
Net assets
21,32321,209
Capital and reserves
Called up share capital
100100
Share premium account
7
20,98520,985
Profit and loss account
7
238124
Total equity
21,32321,209
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 July 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 26 February 2024 and signed on its behalf by:
Danny Harrison
Director
26 February 2024
DH Engineering Automotive Specialist Ltd Notes to the Accounts Registrar
for the year ended 31 July 2023
1
General information
DH Engineering Automotive Specialist Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 12733119
Its registered office is:
Its trading address is:
30 Plover Road
Unit 1 Cowbridge Farm
Leighton Buzzard
Bridle Way
Toddington
LU7 4AW
LU5 6HS
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
25% reducing balance
Furniture, fittings and equipment
25% reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 August 2022
22,2188,25030,468
At 31 July 2023
22,2188,25030,468
Depreciation
At 1 August 2022
9,2213,61012,831
Charge for the year
3,2491,1604,409
At 31 July 2023
12,4704,77017,240
Net book values
At 31 July 2023
9,7483,48013,228
At 31 July 2022
12,997
4,640
17,637
5
Debtors
2023
2022
£
£
Trade debtors
369879
Deferred tax asset
636-
Loans to directors
-5,122
Other debtors
-703
1,0056,704
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Trade creditors
-328
Taxes and social security
7,856
1,846
Loans from directors
179-
Other creditors
351,793
Accruals and deferred income
1,285-
9,3553,967
7
Reserves
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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