Data 2 Patterns and Moulds Limited 04514513 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is design and manfacture of engineering tools,patterns and moulds. Digita Accounts Production Advanced 6.30.9574.0 true true 04514513 2023-04-01 2024-03-31 04514513 2024-03-31 04514513 bus:OrdinaryShareClass1 2024-03-31 04514513 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 04514513 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-03-31 04514513 core:CurrentFinancialInstruments 2024-03-31 04514513 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 04514513 core:Non-currentFinancialInstruments 2024-03-31 04514513 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 04514513 core:FurnitureFittings 2024-03-31 04514513 core:MotorVehicles 2024-03-31 04514513 core:OfficeEquipment 2024-03-31 04514513 core:PlantMachinery 2024-03-31 04514513 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-03-31 04514513 bus:SmallEntities 2023-04-01 2024-03-31 04514513 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 04514513 bus:FilletedAccounts 2023-04-01 2024-03-31 04514513 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 04514513 bus:RegisteredOffice 2023-04-01 2024-03-31 04514513 bus:CompanySecretary1 2023-04-01 2024-03-31 04514513 bus:Director1 2023-04-01 2024-03-31 04514513 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 04514513 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04514513 bus:Agent1 2023-04-01 2024-03-31 04514513 core:FurnitureFittings 2023-04-01 2024-03-31 04514513 core:MotorVehicles 2023-04-01 2024-03-31 04514513 core:OfficeEquipment 2023-04-01 2024-03-31 04514513 core:PlantMachinery 2023-04-01 2024-03-31 04514513 countries:England 2023-04-01 2024-03-31 04514513 2023-03-31 04514513 core:FurnitureFittings 2023-03-31 04514513 core:MotorVehicles 2023-03-31 04514513 core:OfficeEquipment 2023-03-31 04514513 core:PlantMachinery 2023-03-31 04514513 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-03-31 04514513 2022-04-01 2023-03-31 04514513 2023-03-31 04514513 bus:OrdinaryShareClass1 2023-03-31 04514513 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-03-31 04514513 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-03-31 04514513 core:CurrentFinancialInstruments 2023-03-31 04514513 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 04514513 core:Non-currentFinancialInstruments 2023-03-31 04514513 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 04514513 core:FurnitureFittings 2023-03-31 04514513 core:MotorVehicles 2023-03-31 04514513 core:OfficeEquipment 2023-03-31 04514513 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04514513

Data 2 Patterns and Moulds Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Data 2 Patterns and Moulds Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 8

 

Data 2 Patterns and Moulds Limited

Company Information

Director

Mr C Botting

Company secretary

Mrs KJ Botting

Registered office

5th Floor, Intergen House
65-67 Western Road
Hove, BN3 2JQ

Accountants

Blue Spire Limited
Chartered Accountants
Fifth Floor, Intergen House
65-67 Western Road
Hove, BN3 2JQ.

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Data 2 Patterns and Moulds Limited
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Data 2 Patterns and Moulds Limited for the year ended 31 March 2024 as set out on pages 3 to 8 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Data 2 Patterns and Moulds Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Data 2 Patterns and Moulds Limited and state those matters that we have agreed to state to the Board of Directors of Data 2 Patterns and Moulds Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Data 2 Patterns and Moulds Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Data 2 Patterns and Moulds Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Data 2 Patterns and Moulds Limited. You consider that Data 2 Patterns and Moulds 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 accounts of Data 2 Patterns and Moulds 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 accounts.

......................................

Blue Spire Limited
Chartered Accountants
Fifth Floor, Intergen House
65-67 Western Road
Hove, BN3 2JQ.

6 August 2024

 

Data 2 Patterns and Moulds Limited

(Registration number: 04514513)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

869,357

409,384

Current assets

 

Stocks

5

4,500

4,500

Debtors

6

495,525

381,006

Cash at bank and in hand

 

555,411

196,034

 

1,055,436

581,540

Creditors: Amounts falling due within one year

7

(473,594)

(258,208)

Net current assets

 

581,842

323,332

Total assets less current liabilities

 

1,451,199

732,716

Creditors: Amounts falling due after more than one year

7

(315,815)

(97,510)

Provisions for liabilities

(217,340)

(80,000)

Net assets

 

918,044

555,206

Capital and reserves

 

Called up share capital

8

1,000

1,000

Retained earnings

917,044

554,206

Shareholders' funds

 

918,044

555,206

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 6 August 2024
 

.........................................
Mr C Botting
Director

 

Data 2 Patterns and Moulds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
5th Floor, Intergen House
65-67 Western Road
Hove, BN3 2JQ

The principal place of business is:
Unit 5
Cignet Trading Estate
Faraday Close
Worthing
West Sussex
BN13 3RB
England

These financial statements were authorised for issue by the director on 6 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Data 2 Patterns and Moulds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

10% reducing balance

Furniture and fittings

15% reducing balance

Office equipment

20% reducing balance

Motor vehicles

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Data 2 Patterns and Moulds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2023 - 6).

 

Data 2 Patterns and Moulds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2023

40,766

728,847

27,741

13,000

810,354

Additions

4,007

549,262

6,497

-

559,766

At 31 March 2024

44,773

1,278,109

34,238

13,000

1,370,120

Depreciation

At 1 April 2023

25,732

347,249

17,442

10,547

400,970

Charge for the year

2,857

93,086

3,359

491

99,793

At 31 March 2024

28,589

440,335

20,801

11,038

500,763

Carrying amount

At 31 March 2024

16,184

837,774

13,437

1,962

869,357

At 31 March 2023

15,034

381,598

10,299

2,453

409,384

5

Stocks

2024
£

2023
£

Other inventories

4,500

4,500

6

Debtors

Current

2024
£

2023
£

Trade debtors

463,167

266,730

Prepayments

24,303

106,221

Other debtors

8,055

8,055

 

495,525

381,006

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

159,285

79,865

Trade creditors

 

50,519

52,289

Taxation and social security

 

229,979

119,373

Accruals and deferred income

 

15,425

3,000

Other creditors

 

18,386

3,681

 

473,594

258,208

 

Data 2 Patterns and Moulds Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

315,815

97,510

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

1,000

1,000

1,000

1,000

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

16,571

26,629

Hire purchase contracts

299,244

70,881

315,815

97,510

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,188

9,852

Hire purchase contracts

119,097

40,013

Other borrowings

30,000

30,000

159,285

79,865

10

Dividends

   

2024

 

2023

   

£

 

£

Interim dividend of £203.89 (2023 - £70.00) per ordinary share

 

203,892

 

70,000

11

Related party transactions

Loans from related parties

2024

Key management
£

Total
£

At start of period

30,000

30,000

At end of period

30,000

30,000