Registered number
09679470
DFORCE Engineering Ltd
Filleted Accounts
31 July 2023
DFORCE Engineering Ltd
Registered number: 09679470
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1 8,490
Tangible assets 4 9,411 25,146
9,412 33,636
Current assets
Stocks 50,000 99,977
Debtors 5 743,628 151,151
Cash at bank and in hand 954,224 62,348
1,747,852 313,476
Creditors: amounts falling due within one year 6 (667,118) 82,781
Net current liabilities 1,080,734 396,257
Net liabilities 1,090,146 429,893
Capital and reserves
Called up share capital 4 4
Profit and loss account 1,090,142 429,889
Shareholders' funds 1,090,146 429,893
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G.Hill
Director
Approved by the board on 12 January 2024
DFORCE Engineering Ltd
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Machinery, equipment and motor vehicles over 5 years
Computer equipment over 4 years
Office fixtures and fittings over 6 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 9 10
3 Intangible fixed assets £
Computer licences
Cost
At 1 August 2022 101,877
At 31 July 2023 101,877
Depreciation
At 1 August 2022 93,387
Provided during the year 8,489
At 31 July 2023 101,876
Net book value
At 31 July 2023 1
At 31 July 2022 8,490
Computer licenses are being written off over a period of 5 years.
4 Tangible fixed assets
Computer equipment Machinery, equipment and motor vehicles Office fixtures and fittings Total
£ £ £ £
Cost
At 1 August 2022 16,577 49,757 10,580 76,914
At 31 July 2023 16,577 49,757 10,580 76,914
Depreciation
At 1 August 2022 14,706 33,532 6,830 55,068
Charge for the year 1,725 8,799 1,911 12,435
At 31 July 2023 16,431 42,331 8,741 67,503
Net book value
At 31 July 2023 146 7,426 1,839 9,411
At 31 July 2022 1,871 16,225 3,750 21,846
5 Debtors 2023 2022
£ £
Trade debtors 724,621 132,676
Amounts owed by group undertakings and undertakings in which the company has a participating interest - -
Other debtors 19,007 18,475
743,628 151,151
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 162,487 72,386
Corporation tax 176,133 (164,442)
Other taxes and social security costs 327,584 7,295
Other creditors 914 1,980
667,118 (82,781)
7 Other information
DFORCE Engineering Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Accountancy House
4 Priory Road
Kenilworth
Warwickshire
CV8 1LL
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