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REGISTERED NUMBER: 02986901 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

DFL MATERIALS HANDLING LIMITED

DFL MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 02986901)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 6

DFL MATERIALS HANDLING LIMITED

Company Information
for the Year Ended 30 November 2023







Directors: P M Atkinson
M Caddick
D Render





Secretary: P M Atkinson





Registered office: Units 6 and 7
St Nicholas Industrial Estate
Dodsworth Street
Darlington
Co. Durham
DL1 2NL





Registered number: 02986901 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

DFL MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 02986901)

Abridged Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 30,905 34,747

Current assets
Stocks 165,306 166,306
Debtors 59,093 67,704
Cash at bank and in hand 89,063 62,461
313,462 296,471
Creditors
Amounts falling due within one year 87,468 69,611
Net current assets 225,994 226,860
Total assets less current liabilities 256,899 261,607

Creditors
Amounts falling due after more than one
year

(20,833

)

(30,887

)

Provisions for liabilities (8,190 ) (6,602 )
Net assets 227,876 224,118

Capital and reserves
Called up share capital 100 100
Retained earnings 227,776 224,018
Shareholders' funds 227,876 224,118

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.

DFL MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 02986901)

Abridged 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 August 2024 and were signed on its behalf by:





P M Atkinson - Director


DFL MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 02986901)

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

1. STATUTORY INFORMATION

DFL Materials Handling 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.

The financial statements have been prepared under the going concern basis of accounting.

Turnover
Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

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 - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

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.

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.

DFL MATERIALS HANDLING LIMITED (REGISTERED NUMBER: 02986901)

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 140,285
Additions 1,366
At 30 November 2023 141,651
DEPRECIATION
At 1 December 2022 105,538
Charge for year 5,208
At 30 November 2023 110,746
NET BOOK VALUE
At 30 November 2023 30,905
At 30 November 2022 34,747

5. SECURED DEBTS

Bank facilities are secured by a debenture dated 16th October 1996.

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30/11/23 30/11/22
£    £   
D Render and P M Atkinson
Balance outstanding at start of year - -
Amounts advanced 14,696 9,887
Amounts repaid (14,633 ) (9,887 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63 -

The loan is interest free and repayable on demand.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
DFL Materials Handling 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 Abridged 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 DFL Materials Handling Limited for the year ended 30 November 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of DFL Materials Handling Limited, as a body, in accordance with the terms of our engagement letter dated 22 August 2022. Our work has been undertaken solely to prepare for your approval the financial statements of DFL Materials Handling Limited and state those matters that we have agreed to state to the Board of Directors of DFL Materials Handling Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that DFL Materials Handling 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 DFL Materials Handling Limited. You consider that DFL Materials Handling 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 DFL Materials Handling 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.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


30 August 2024