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REGISTERED NUMBER: 07870920 (England and Wales)















D & R Cutting & Dismantling Ltd

Unaudited Financial Statements for the Year Ended 31st December 2023






D & R Cutting & Dismantling Ltd (Registered number: 07870920)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & R Cutting & Dismantling Ltd

Company Information
for the Year Ended 31st December 2023







DIRECTORS: G Robinson
M A Robinson
Miss J Booker
V Robinson





REGISTERED OFFICE: Deepdale
Skinningrove
Saltburn by the Sea
CLEVELAND
TS13 4AP





REGISTERED NUMBER: 07870920 (England and Wales)





ACCOUNTANTS: DRAYCOTT & KIRK LLP
Cleveland House
92 Westgate
Guisborough
CLEVELAND
TS14 6AP

D & R Cutting & Dismantling Ltd (Registered number: 07870920)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,366 12,210

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 305,996 276,871
Cash in hand 590 590
311,586 282,461
CREDITORS
Amounts falling due within one year 6 227,321 171,313
NET CURRENT ASSETS 84,265 111,148
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,631

123,358

CREDITORS
Amounts falling due after more than one year 7 21,364 -
NET ASSETS 94,267 123,358

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 94,265 123,356
SHAREHOLDERS' FUNDS 94,267 123,358

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

D & R Cutting & Dismantling Ltd (Registered number: 07870920)

Balance Sheet - continued
31st 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 Board of Directors and authorised for issue on 9th October 2024 and were signed on its behalf by:





G Robinson - Director


D & R Cutting & Dismantling Ltd (Registered number: 07870920)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

D & R Cutting & Dismantling Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 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 balance sheet date.

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.

D & R Cutting & Dismantling Ltd (Registered number: 07870920)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 20 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 117,719
Additions 26,000
At 31st December 2023 143,719
DEPRECIATION
At 1st January 2023 105,509
Charge for year 6,844
At 31st December 2023 112,353
NET BOOK VALUE
At 31st December 2023 31,366
At 31st December 2022 12,210

D & R Cutting & Dismantling Ltd (Registered number: 07870920)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st January 2023 70,838
Additions 26,000
Transfer to ownership (70,838 )
At 31st December 2023 26,000
DEPRECIATION
At 1st January 2023 61,555
Charge for year 3,792
Transfer to ownership (61,555 )
At 31st December 2023 3,792
NET BOOK VALUE
At 31st December 2023 22,208
At 31st December 2022 9,283

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 37,018 54,647
Other debtors 261,614 222,224
298,632 276,871

Amounts falling due after more than one year:
Other debtors 7,364 -

Aggregate amounts 305,996 276,871

D & R Cutting & Dismantling Ltd (Registered number: 07870920)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 13,368 1,608
Trade creditors 59,932 36,131
Taxation and social security 24,721 31,454
Other creditors 129,300 102,120
227,321 171,313

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 21,364 -

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G & V Robinson..