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REGISTERED NUMBER: 06228103 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Dalion Engineering Limited

Dalion Engineering Limited (Registered number: 06228103)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Dalion Engineering Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D J Booton
Mrs L J Barrows





SECRETARY: Mrs L J Barrows





REGISTERED OFFICE: Unit 20 Barnfield Road
Tipton
Dudley
West Midlands
DY4 9DF





REGISTERED NUMBER: 06228103 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Dalion Engineering Limited (Registered number: 06228103)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,924,037 325,995
Investments 5 628,930 628,930
2,552,967 954,925

CURRENT ASSETS
Debtors 6 - 1,975
Cash at bank 5,580 83,888
5,580 85,863
CREDITORS
Amounts falling due within one year 7 (1,894,746 ) (261,706 )
NET CURRENT LIABILITIES (1,889,166 ) (175,843 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

663,801

779,082

CREDITORS
Amounts falling due after more than one
year

8

(599,817

)

(627,867

)

PROVISIONS FOR LIABILITIES 10 (39,855 ) (4,646 )
NET ASSETS 24,129 146,569

CAPITAL AND RESERVES
Called up share capital 11 90 90
Capital redemption reserve 10 10
Retained earnings 24,029 146,469
SHAREHOLDERS' FUNDS 24,129 146,569

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

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

Dalion Engineering Limited (Registered number: 06228103)

Balance Sheet - continued
31 December 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2024 and were signed on its behalf by:





D J Booton - Director


Dalion Engineering Limited (Registered number: 06228103)

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

1. STATUTORY INFORMATION

Dalion Engineering Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Dalion Engineering Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Freehold property - 50 years straight line

Freehold land is not depreciated.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Dalion Engineering Limited (Registered number: 06228103)

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2023 372,287
Additions 1,612,917
At 31 December 2023 1,985,204
DEPRECIATION
At 1 January 2023 46,292
Charge for year 14,875
At 31 December 2023 61,167
NET BOOK VALUE
At 31 December 2023 1,924,037
At 31 December 2022 325,995

Included in cost of land and buildings is freehold land of £ 210,000 (2022 - £ 165,000 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 628,930
NET BOOK VALUE
At 31 December 2023 628,930
At 31 December 2022 628,930

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 1,975

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans 30,088 28,673
Amounts owed to group undertakings 1,836,099 -
Taxation and social security - 11,499
Other creditors 28,559 221,534
1,894,746 261,706

Bank loans are secured see secured debts note.

Dalion Engineering Limited (Registered number: 06228103)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 599,817 627,867

Bank loans are secured see secured debts note.

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 629,905 656,540

The bank loans are secured by a first charge on the company's freehold property.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 39,855 4,646

Deferred
tax
£   
Balance at 1 January 2023 4,646
Charge to Profit and Loss Account during year 35,209
Balance at 31 December 2023 39,855

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
80 Ordinary A £1 80 80
10 Ordinary B £1 10 10
90 90

12. OTHER FINANCIAL COMMITMENTS

The company is party to a cross guarantee in respect of all current and future bank borrowings with its subsidiary undertaking, Midland Tool and Design Limited.

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

D J Booton and L J Barrows have given personal guarantees of £100,000 to Barclays Bank for a loan to the company dated 12 May 2022.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Dalion Engineering Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dalion Engineering Limited for the year ended 31 December 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dalion Engineering Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dalion Engineering Limited and state those matters that we have agreed to state to the Board of Directors of Dalion Engineering Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dalion Engineering Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dalion Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dalion Engineering Limited. You consider that Dalion Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dalion Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


9 July 2024