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REGISTERED NUMBER: SC508044 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

D E Mechanical Ltd

D E Mechanical Ltd (Registered number: SC508044)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


D E Mechanical Ltd (Registered number: SC508044)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 80,275 94,965

CURRENT ASSETS
Stocks 9,500 10,000
Debtors 5 176,420 181,908
Cash at bank 153,045 13,193
338,965 205,101
CREDITORS
Amounts falling due within one year 6 (217,696 ) (177,523 )
NET CURRENT ASSETS 121,269 27,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,544

122,543

CREDITORS
Amounts falling due after more than one year 7 (90,189 ) (131,020 )

PROVISIONS FOR LIABILITIES (20,069 ) (6,304 )
NET ASSETS/(LIABILITIES) 91,286 (14,781 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 91,086 (14,981 )
91,286 (14,781 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

D E Mechanical Ltd (Registered number: SC508044)

Balance Sheet - continued
30 June 2024


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 30 August 2024 and were signed on its behalf by:





Mr M L Dale - Director


D E Mechanical Ltd (Registered number: SC508044)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

D E Mechanical Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC508044. The registered office is Unit 2 Fruix Farm, Fruix, Kinross, Scotland, KY13 0LA.

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 comprises the value of the construction services supplied by the company in the year, exclusive of Value Added Tax. Turnover on construction contracts is recognised at the appropriate stage of completion and is assessed on a contract by contract basis.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 5% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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.

D E Mechanical Ltd (Registered number: SC508044)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Construction contracts
The company classifies as construction contracts those contracts where the contract activity extends over more than one accounting period.

Profit is recognised on construction contracts, if the final outcome can be assessed with reasonable certainty, by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated as total costs to date plus expected gross markup for that contract.

Where the amount recognised as turnover exceeds the payments on account received and receivable in respect of that contract, the balance is included in debtors as amounts recoverable on contracts. Retentions and payments on account receivable are included in trade debtors. Payments on account received in excess of the value of work done are included in creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 9 ) .

D E Mechanical Ltd (Registered number: SC508044)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 123,372
Additions 21,728
Disposals (39,743 )
At 30 June 2024 105,357
DEPRECIATION
At 1 July 2023 28,407
Charge for year 6,305
Eliminated on disposal (9,630 )
At 30 June 2024 25,082
NET BOOK VALUE
At 30 June 2024 80,275
At 30 June 2023 94,965

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 114,639
Additions 21,728
Disposals (39,743 )
Transfer to ownership (12,698 )
At 30 June 2024 83,926
DEPRECIATION
At 1 July 2023 22,153
Charge for year 5,570
Eliminated on disposal (9,630 )
Transfer to ownership (6,346 )
At 30 June 2024 11,747
NET BOOK VALUE
At 30 June 2024 72,179
At 30 June 2023 92,486

D E Mechanical Ltd (Registered number: SC508044)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 159,836 129,598
Amounts recoverable on contract 6,073 49,885
Other debtors 10,511 2,425
176,420 181,908

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 9,982 27,002
Hire purchase contracts 16,850 15,080
Trade creditors 166,584 99,926
Taxation and social security 19,897 7,628
Other creditors 4,383 27,887
217,696 177,523

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 9,187 37,571
Hire purchase contracts 16,002 18,449
Other creditors 65,000 75,000
90,189 131,020

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Hire purchase contracts 32,852 33,529

Hire purchase contracts are secured over the assets to which they relate.