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REGISTERED NUMBER: 07360246 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

D.A.PLATING JIGS LIMITED

D.A.PLATING JIGS LIMITED (REGISTERED NUMBER: 07360246)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


D.A.PLATING JIGS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: David Michael Abraham





REGISTERED OFFICE: Unit 6 Wharfside Business Park
Ardath Road
Birmingham
West Midlands
B38 9PN





REGISTERED NUMBER: 07360246 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

D.A.PLATING JIGS LIMITED (REGISTERED NUMBER: 07360246)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 121,583 131,583
Tangible assets 5 16,890 20,352
138,473 151,935

CURRENT ASSETS
Stocks 6 10,000 8,000
Debtors 7 198,201 164,024
Cash at bank and in hand 276,566 211,774
484,767 383,798
CREDITORS
Amounts falling due within one year 8 246,774 237,332
NET CURRENT ASSETS 237,993 146,466
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,466

298,401

CREDITORS
Amounts falling due after more than one year 9 - (8,148 )

PROVISIONS FOR LIABILITIES 11 (4,223 ) (7,101 )
NET ASSETS 372,243 283,152

CAPITAL AND RESERVES
Called up share capital 12 5 5
Retained earnings 13 372,238 283,147
SHAREHOLDERS' FUNDS 372,243 283,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.A.PLATING JIGS LIMITED (REGISTERED NUMBER: 07360246)

Statement of Financial Position - continued
31 March 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





David Michael Abraham - Director


D.A.PLATING JIGS LIMITED (REGISTERED NUMBER: 07360246)

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

1. STATUTORY INFORMATION

D.A.Plating Jigs 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.A.PLATING JIGS LIMITED (REGISTERED NUMBER: 07360246)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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 10 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 200,000
AMORTISATION
At 1 April 2023 68,417
Amortisation for year 10,000
At 31 March 2024 78,417
NET BOOK VALUE
At 31 March 2024 121,583
At 31 March 2023 131,583

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 45,254 20,211 20,540 86,005
Additions - 1,119 - 1,119
At 31 March 2024 45,254 21,330 20,540 87,124
DEPRECIATION
At 1 April 2023 38,418 13,465 13,770 65,653
Charge for year 1,709 1,180 1,692 4,581
At 31 March 2024 40,127 14,645 15,462 70,234
NET BOOK VALUE
At 31 March 2024 5,127 6,685 5,078 16,890
At 31 March 2023 6,836 6,746 6,770 20,352

D.A.PLATING JIGS LIMITED (REGISTERED NUMBER: 07360246)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. STOCKS
2024 2023
£    £   
Stocks 10,000 8,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 158,351 121,086
Other debtors 7,500 7,500
Prepayments 32,350 35,438
198,201 164,024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 8,148 15,556
Trade creditors 72,936 48,992
Corporation Tax 34,412 31,311
Social security and other taxes 4,337 3,314
VAT 11,528 14,133
Other Creditors 920 646
Directors' current accounts 111,422 123,380
Accrued expenses 3,071 -
246,774 237,332

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 10) - 8,148

10. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 8,148 15,556

Amounts falling due between one and two years:
Bank loans - 1-2 years - 8,148

D.A.PLATING JIGS LIMITED (REGISTERED NUMBER: 07360246)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,223 3,867
Bad Debt Provision - 3,234
4,223 7,101

Deferred
tax
£   
Balance at 1 April 2023 3,867
Provided during year 356
Balance at 31 March 2024 4,223

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
5 5

13. RESERVES
Retained
earnings
£   

At 1 April 2023 283,147
Profit for the year 140,891
Dividends (51,800 )
At 31 March 2024 372,238