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REGISTERED NUMBER: 02994462 (England and Wales)












D.& D. ENGINEERING (LINCS.) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






D.& D. ENGINEERING (LINCS.) LIMITED (REGISTERED NUMBER: 02994462)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Accountants' Report 6

D.& D. ENGINEERING (LINCS.) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: A Darby
S Darby





REGISTERED OFFICE: Block B Dowlands Business Park
Manby
Louth
Lincolnshire
LN11 8UX





REGISTERED NUMBER: 02994462 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

D.& D. ENGINEERING (LINCS.) LIMITED (REGISTERED NUMBER: 02994462)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 3 265,430 160,654

CURRENT ASSETS
Inventories 15,000 12,000
Debtors 4 416,418 253,909
Cash at bank and in hand 344,669 63,912
776,087 329,821
CREDITORS
Amounts falling due within one year 5 390,893 173,480
NET CURRENT ASSETS 385,194 156,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

650,624

316,995

CREDITORS
Amounts falling due after more than one year 6 (55,074 ) (29,381 )

PROVISIONS FOR LIABILITIES (61,765 ) (28,827 )
NET ASSETS 533,785 258,787

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 533,685 258,687
SHAREHOLDERS' FUNDS 533,785 258,787

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





A Darby - Director


D.& D. ENGINEERING (LINCS.) LIMITED (REGISTERED NUMBER: 02994462)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Inventories
Inventories 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 Statement of Income and Retained Earnings, 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.

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.

Grants received
Grants received are released to the profit and loss account on a straight line basis of 10 years.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 14 ) .

D.& D. ENGINEERING (LINCS.) LIMITED (REGISTERED NUMBER: 02994462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


3. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 8,919 144,549 4,274
Additions - 59,395 -
Disposals - (4,300 ) -
At 31 January 2024 8,919 199,644 4,274
DEPRECIATION
At 1 February 2023 870 81,649 391
Charge for year 402 13,198 582
Eliminated on disposal - (4,642 ) -
At 31 January 2024 1,272 90,205 973
NET BOOK VALUE
At 31 January 2024 7,647 109,439 3,301
At 31 January 2023 8,049 62,900 3,883

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 108,940 8,919 275,601
Additions 93,929 2,676 156,000
Disposals (22,700 ) - (27,000 )
At 31 January 2024 180,169 11,595 404,601
DEPRECIATION
At 1 February 2023 27,255 4,782 114,947
Charge for year 23,048 734 37,964
Eliminated on disposal (9,098 ) - (13,740 )
At 31 January 2024 41,205 5,516 139,171
NET BOOK VALUE
At 31 January 2024 138,964 6,079 265,430
At 31 January 2023 81,685 4,137 160,654

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 344,495 208,224
Other debtors 71,923 45,685
416,418 253,909

D.& D. ENGINEERING (LINCS.) LIMITED (REGISTERED NUMBER: 02994462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,066 23,635
Hire purchase contracts 10,317 5,698
Trade creditors 149,419 88,369
Taxation and social security 97,931 33,933
Other creditors 109,160 21,845
390,893 173,480

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 55,074 29,031
Other creditors - 350
55,074 29,381

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 65,391 34,729

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
D.& D. ENGINEERING (LINCS.) 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 Statement of Financial Position. Readers are cautioned that the 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 D.& D. Engineering (Lincs.) Limited for the year ended 31 January 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 D.& D. Engineering (Lincs.) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D.& D. Engineering (Lincs.) Limited and state those matters that we have agreed to state to the Board of Directors of D.& D. Engineering (Lincs.) 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 D.& D. Engineering (Lincs.) 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 D.& D. Engineering (Lincs.) Limited. You consider that D.& D. Engineering (Lincs.) 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 D.& D. Engineering (Lincs.) 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.






Dexter & Sharpe
Chartered Certified Accountants
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ


10 September 2024