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REGISTERED NUMBER: 05304063 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DEE PLANT LIMITED

DEE PLANT LIMITED (REGISTERED NUMBER: 05304063)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


DEE PLANT LIMITED (REGISTERED NUMBER: 05304063)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,400 4,800
Property, plant and equipment 5 416,647 491,791
419,047 496,591

CURRENT ASSETS
Inventories 2,621 2,950
Debtors 6 39,072 81,126
Cash at bank and in hand 325,345 276,809
367,038 360,885
CREDITORS
Amounts falling due within one year 7 210,934 252,855
NET CURRENT ASSETS 156,104 108,030
TOTAL ASSETS LESS CURRENT
LIABILITIES

575,151

604,621

PROVISIONS FOR LIABILITIES 70,708 79,480
NET ASSETS 504,443 525,141

CAPITAL AND RESERVES
Called up share capital 10 2 2
Share premium 16,000 16,000
Retained earnings 488,441 509,139
SHAREHOLDERS' FUNDS 504,443 525,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

DEE PLANT LIMITED (REGISTERED NUMBER: 05304063)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 19 July 2024 and were signed by:





Mrs N Dee - Director


DEE PLANT LIMITED (REGISTERED NUMBER: 05304063)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Dee Plant Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05304063

Registered office: 14 Gelliwasted Road
Pontypridd
Rhondda Cynon Taf
CF37 2BW

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

Goodwill
The directors have considered the useful life of the goodwill and have adjusted the policy from 20 years to a finite period of 10 years. The annual adjustment to the amortisation charge due to the policy change is £2400. The directors do not consider an impairment review to be necessary.

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.
Plant and machinery etc - 20% on reducing balance and 15% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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.


DEE PLANT LIMITED (REGISTERED NUMBER: 05304063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 48,000
AMORTISATION
At 1 January 2023 43,200
Charge for year 2,400
At 31 December 2023 45,600
NET BOOK VALUE
At 31 December 2023 2,400
At 31 December 2022 4,800

DEE PLANT LIMITED (REGISTERED NUMBER: 05304063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 January 2023 1,114,568
Additions 10,711
Disposals (34,350 )
At 31 December 2023 1,090,929
DEPRECIATION
At 1 January 2023 622,777
Charge for year 76,363
Eliminated on disposal (24,858 )
At 31 December 2023 674,282
NET BOOK VALUE
At 31 December 2023 416,647
At 31 December 2022 491,791

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 15,999 7,997
Amounts recoverable on contract 12,372 64,259
Other debtors 10,701 8,870
39,072 81,126

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 7,323 7,638
Taxation and social security 46,006 99,541
Other creditors 157,605 145,676
210,934 252,855

Included within 'Other creditors' is amounts payable on demand to the company director.

8. SECURED DEBTS

The following secured debts are included within creditors:

31/12/23 31/12/22
£    £   

HSBC Bank PLC hold a mortgage debenture over the fixed and floating assets of the business.

DEE PLANT LIMITED (REGISTERED NUMBER: 05304063)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. FINANCIAL INSTRUMENTS

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
2 Ordinary £1 2 2