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REGISTERED NUMBER: 02752286 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Darglow Engineering Ltd

Darglow Engineering Ltd (Registered number: 02752286)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Darglow Engineering Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTORS: C D M Hares
R Lawrence





SECRETARY: Mrs R Lawrence





REGISTERED OFFICE: Unit 6 Justin Business Park
Sandford Lane
Wareham
Dorset
BH20 4DY





REGISTERED NUMBER: 02752286 (England and Wales)





ACCOUNTANTS: Stephen Penny and Partners Limited
Chartered Certified Accountants
and Business Advisors
898-902 Wimborne Road
Bournemouth
Dorset
BH9 2DW

Darglow Engineering Ltd (Registered number: 02752286)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 50,412 44,515

CURRENT ASSETS
Stocks 304,323 213,701
Debtors 5 13,898 34,279
Cash at bank and in hand 86,691 154,848
404,912 402,828
CREDITORS
Amounts falling due within one year 6 199,168 181,300
NET CURRENT ASSETS 205,744 221,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,156

266,043

CREDITORS
Amounts falling due after more than
one year

7

(13,218

)

(20,545

)

PROVISIONS FOR LIABILITIES (10,119 ) (8,458 )
NET ASSETS 232,819 237,040

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 232,669 236,890
232,819 237,040

Darglow Engineering Ltd (Registered number: 02752286)

Balance Sheet - continued
31 October 2023


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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:





R Lawrence - Director


Darglow Engineering Ltd (Registered number: 02752286)

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

1. STATUTORY INFORMATION

Darglow Engineering Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year 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.


Darglow Engineering Ltd (Registered number: 02752286)

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

2. ACCOUNTING POLICIES - continued
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 10 (2022 - 8 ) .

Darglow Engineering Ltd (Registered number: 02752286)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 91,546
Additions 21,530
At 31 October 2023 113,076
DEPRECIATION
At 1 November 2022 47,031
Charge for year 15,633
At 31 October 2023 62,664
NET BOOK VALUE
At 31 October 2023 50,412
At 31 October 2022 44,515

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.10.23 31.10.22
£    £   
Trade debtors 9,487 20,776
Other debtors 4,411 13,503
13,898 34,279

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 8,020 8,150
Trade creditors 105,425 89,291
Taxation and social security 25,814 23,268
Other creditors 59,909 60,591
199,168 181,300

Darglow Engineering Ltd (Registered number: 02752286)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 13,218 20,545