DERO FABRICATION LIMITED

Company Registration Number:
04040729 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

DERO FABRICATION LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

DERO FABRICATION LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 765,942 767,129
Total fixed assets: 765,942 767,129
Current assets
Stocks: 15,000 15,000
Debtors: 4 442,309 523,436
Cash at bank and in hand: 254,572 285,888
Total current assets: 711,881 824,324
Creditors: amounts falling due within one year: 5 (601,779) (622,947)
Net current assets (liabilities): 110,102 201,377
Total assets less current liabilities: 876,044 968,506
Creditors: amounts falling due after more than one year: 6 (352,770) (507,568)
Provision for liabilities: (118,039)
Total net assets (liabilities): 405,235 460,938
Capital and reserves
Called up share capital: 25,000 25,000
Profit and loss account: 380,235 435,938
Shareholders funds: 405,235 460,938

The notes form part of these financial statements

DERO FABRICATION LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 September 2024
and signed on behalf of the board by:

Name: JB Taylor
Status: Director

The notes form part of these financial statements

DERO FABRICATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises revenue receivable in the period excluding VAT.

Tangible fixed assets and depreciation policy

Depreciation has been calculated on a straight line basis over the estimated useful life of the fixed asset.

Valuation and information policy

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

Other accounting policies

Assets obtained under hire purchases or leases are capitalised and depreciated in line with the company's depreciation policy.

DERO FABRICATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 35 35

DERO FABRICATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 1,416,308
Additions 154,782
Disposals (14,000)
At 31 December 2023 1,557,090
Depreciation
At 01 January 2023 649,179
Charge for year 143,136
On disposals (1,167)
At 31 December 2023 791,148
Net book value
At 31 December 2023 765,942
At 31 December 2022 767,129

DERO FABRICATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

Trade debtors: £425,909 Prepayments and accrued income: £16,400 Total: £442,309

DERO FABRICATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts: £21,123 Amounts due under finance leases and hire purchase contracts: £169,467 Trade creditors: £323,102 Taxation and social security: £63,884 Accruals and deferred income: £24,203 Total: £601,779

DERO FABRICATION LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

Bank loans: £106,786 Amounts due under finance leases and hire purchase contracts: £243,511 Other creditors: £2,473 Total £352,770