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REGISTERED NUMBER: SC259172 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

DEA Engineering Works Ltd

DEA Engineering Works Ltd (Registered number: SC259172)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEA Engineering Works Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: D C Gomes Sebastiao
Mrs E Gomes Sebastiao





SECRETARY: Add Accountancy Limited





REGISTERED OFFICE: 6 Market Square
OLDMELDRUM
Aberdeenshire
AB51 0AA





REGISTERED NUMBER: SC259172 (Scotland)





ACCOUNTANTS: Add Accountancy Limited
6 Market Square
Oldmeldrum
Aberdeenshire
AB51 0AA

DEA Engineering Works Ltd (Registered number: SC259172)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,157,602 948,505

CURRENT ASSETS
Stocks 11,500 11,500
Debtors 5 104,595 190,672
Cash at bank 722,912 760,197
839,007 962,369
CREDITORS
Amounts falling due within one year 6 210,407 201,889
NET CURRENT ASSETS 628,600 760,480
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,786,202

1,708,985

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,786,200 1,708,983
SHAREHOLDERS' FUNDS 1,786,202 1,708,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

DEA Engineering Works Ltd (Registered number: SC259172)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:




D C Gomes Sebastiao - Director



Mrs E Gomes Sebastiao - Director


DEA Engineering Works Ltd (Registered number: SC259172)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

DEA Engineering Works Ltd is a private company, limited by shares , registered in Scotland. 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.
Improvements to property - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

DEA Engineering Works Ltd (Registered number: SC259172)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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 5 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 December 2022 736,564 25,535 592,017
Additions 184,711 - 71,838
At 30 November 2023 921,275 25,535 663,855
DEPRECIATION
At 1 December 2022 - 18,161 426,074
Charge for year - - 59,445
At 30 November 2023 - 18,161 485,519
NET BOOK VALUE
At 30 November 2023 921,275 7,374 178,336
At 30 November 2022 736,564 7,374 165,943

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 16,713 98,316 6,112 1,475,257
Additions - 28,865 - 285,414
At 30 November 2023 16,713 127,181 6,112 1,760,671
DEPRECIATION
At 1 December 2022 12,868 64,033 5,616 526,752
Charge for year 961 15,787 124 76,317
At 30 November 2023 13,829 79,820 5,740 603,069
NET BOOK VALUE
At 30 November 2023 2,884 47,361 372 1,157,602
At 30 November 2022 3,845 34,283 496 948,505

DEA Engineering Works Ltd (Registered number: SC259172)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 104,595 190,672

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 28,025 46,567
Tax 32,295 34,872
Social security and other taxes 4,535 -
VAT 24,353 43,990
Directors' current accounts 121,199 76,460
210,407 201,889