Registered number
09883434
DPL Structural Steel Limited
Unaudited Filleted Accounts
30 September 2023
DPL Structural Steel Limited
Report and accounts
Contents
Page
Company information 1
Director's report 2
Chartered Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7
DPL Structural Steel Limited
Company Information
Director
P J Legros
Accountants
Gardiner Russell Accounting Limited
1st Floor, 2 Castle Building
147-149 Telegraph Road
Heswall
Wirral
CH60 7SE
Registered office
1st Floor, 2 Castle Building
147-149 Telegraph Road
Heswall
Wirral
CH60 7SE
Registered number
09883434
DPL Structural Steel Limited
Registered number: 09883434
Director's Report
The director presents his report and accounts for the year ended 30 September 2023.
Principal activities
The company's principal activity during the year continued to be that of a holding company.
Directors
The following persons served as directors during the year:
P J Legros
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 3 July 2024 and signed on its behalf.
P J Legros
Director
DPL Structural Steel Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of DPL Structural Steel Limited for the year ended 30 September 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DPL Structural Steel Limited for the year ended 30 September 2023 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
www.icaew.com/en/members/regulations-standards-and-guidance
Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF.
Gardiner Russell Accounting Limited
Chartered Accountants
1st Floor, 2 Castle Building
147-149 Telegraph Road
Heswall
Wirral
CH60 7SE
3 July 2024
DPL Structural Steel Limited
Registered number: 09883434
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 991,411 811,975
Investments 4 200 200
991,611 812,175
Current assets
Debtors 5 147,249 52,000
Cash at bank and in hand 5,060 6,344
152,309 58,344
Creditors: amounts falling due within one year 6 (233,410) (47,520)
Net current (liabilities)/assets (81,101) 10,824
Total assets less current liabilities 910,510 822,999
Creditors: amounts falling due after more than one year 7 (564,779) (505,676)
Net assets 345,731 317,323
Capital and reserves
Called up share capital 100 100
Profit and loss account 345,631 317,223
Shareholder's funds 345,731 317,323
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P J Legros
Director
Approved by the board on 3 July 2024
DPL Structural Steel Limited
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 2% of cost
Leasehold land and buildings 25% of cost
Plant and machinery 25% of cost
Fixtures, fittings, tools and equipment 25% of cost
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 October 2022 550,000 586,081 - 1,136,081
Additions - 338,921 35,786 374,707
At 30 September 2023 550,000 925,002 35,786 1,510,788
Depreciation
At 1 October 2022 73,333 250,773 - 324,106
Charge for the year 11,000 175,324 8,947 195,271
At 30 September 2023 84,333 426,097 8,947 519,377
Net book value
At 30 September 2023 465,667 498,905 26,839 991,411
At 30 September 2022 476,667 335,308 - 811,975
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 October 2022 200
At 30 September 2023 200
5 Debtors 2023 2022
£ £
Trade debtors 6,389 11,140
Deferred tax asset 910 910
Other debtors 139,950 39,950
147,249 52,000
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 195,915 74,093
Obligations under finance lease and hire purchase contracts 40,500 40,500
Trade creditors (3,403) 1,003
Taxation and social security costs (642) 5,332
Other creditors 1,040 (73,408)
233,410 47,520
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 357,157 465,176
Obligations under finance lease and hire purchase contracts 207,622 40,500
564,779 505,676
8 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 809,081 620,269
Hire Purchase agreeements are secured on the assets to which they relate. The bank loan is secured on the property held by the company supported by a personal gurantee from the director P J Legros, limited to £62,000 and a cross-guarantee with the subsidiary company DPL Fabrications Limited.
9 Other information
DPL Structural Steel Limited is a private company limited by shares and incorporated in England. Its registered office is:
1st Floor, 2 Castle Building
147-149 Telegraph Road
Heswall
Wirral
CH60 7SE
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