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Registered Number: 03377621
England and Wales

 

 

 

N.J. DOYNE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 August 2022

End date: 31 July 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 1,358,844    1,688,315 
1,358,844    1,688,315 
Current assets      
Debtors 1,638,125    742,932 
Cash at bank and in hand 13,980    359,474 
1,652,105    1,102,406 
Creditors: amount falling due within one year (1,170,203)   (1,188,277)
Net current assets 481,902    (85,871)
 
Total assets less current liabilities 1,840,746    1,602,444 
Creditors: amount falling due after more than one year (3,228)   (51,655)
Provisions for liabilities (211,991)   (261,500)
Net assets 1,625,527    1,289,289 
 

Capital and reserves
     
Called up share capital 500    500 
Reserves 4 942,430    942,430 
Profit and loss account 682,597    346,359 
Shareholder's funds 1,625,527    1,289,289 
 


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.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 15 April 2024 and were signed on its behalf by:


-------------------------------
N J Doyne
Director
1
General Information
N.J. Doyne Limited is a private company, limited by shares, registered in England and Wales, registration number 03377621, registration address Silver Birches Yard, Reading Road Padworth Common, Reading, Berkshire, RG7 4QL.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised at the point the service has been provided having been adjusted for accrued and deferred income.
Hire purchase and leasing agreements
Assets held under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
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.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and 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.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and Machinery            25% on reducing balance
Fixtures and fittings              25% on reducing balance
Motor vehicles                        25% on reducing balance
Computer equipment            25% reducing balance
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.


If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Investment properties
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
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 subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees

Average number of employees during the year was 7 (2022 : 8).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £   £
At 01 August 2022 1,125,000    1,999,053    392,173    5,982    484    3,522,692 
Additions 61,076    750          61,826 
Disposals   (1,508,179)   (48,960)       (1,557,139)
At 31 July 2023 1,186,076    491,624    343,213    5,982    484    2,027,379 
Depreciation
At 01 August 2022   1,554,601    273,570    5,808    398    1,834,377 
Charge for year   52,599    27,099    43    21    79,762 
On disposals   (1,206,849)   (38,755)       (1,245,604)
At 31 July 2023   400,351    261,914    5,851    419    668,535 
Net book values
Closing balance as at 31 July 2023 1,186,076    91,273    81,299    131    65    1,358,844 
Opening balance as at 01 August 2022 1,125,000    444,452    118,603    174    86    1,688,315 

The net book value of Plant and Machinery, Motor Vehicles includes £ 14,678 (2022 £302,954) in respect of assets leased under finance leases or hire purchase contracts.
valuation of land and buildings at 31.07.2023 is represented by: 2023
£
 2022
£
cost243,646 182,570 
valuation 2021942,430 942,430 
1,186,076 1,125,000 


4.

Debtors: amounts falling due within one year

.   2023
£
  2022
£
Trade Debtors 595,593  640,759 
Amount Owed by Group Undertakings 40,000 
Prepayments & Accrued Income 7,532  7,173 
Other Debtors 995,000  95,000 
1,638,125  742,932 

5.

Creditors: amounts falling due within one year

.   2023
£
  2022
£
Trade Creditors 2,958  7,769 
Amounts Owed to Group Undertakings 972,000  970,000 
Corporation Tax 161,190 
PAYE & Social Security 1,866  3,540 
Accrued Expenses 3,282  3,282 
Other Creditors 510  831 
Obligations under HP/Financial Leases 5,533  148,554 
VAT 22,864  54,301 
1,170,203  1,188,277 

6.

Creditors: amounts falling due after more than one year

.   2023
£
  2022
£
Obligations Under HP/Financial Leases 3,228  51,655 
3,228  51,655 

7.

Leasing agreements

Minimum lease payments under hire purchase contracts fall due as follows   2023
£
  2022
£
Within one year 5,533  148,555 
Between one and five years 3,228  51,655 
8,761  200,210 

8.

Secured debts

The following secured debts are included within creditors:   2023
£
  2022
£
Hire purchase contracts 8,761  200,210 

9.

Controlling party

The controlling party is Doyne Group Limited.
2