IRIS Accounts Production v24.3.0.553 03828297 Board of Directors 1.3.23 29.2.24 29.2.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038282972023-02-28038282972024-02-29038282972023-03-012024-02-29038282972022-02-28038282972022-03-012023-02-28038282972023-02-2803828297ns15:EnglandWales2023-03-012024-02-2903828297ns14:PoundSterling2023-03-012024-02-2903828297ns10:Director12023-03-012024-02-2903828297ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2903828297ns10:SmallEntities2023-03-012024-02-2903828297ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2903828297ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2903828297ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2903828297ns10:FullAccounts2023-03-012024-02-290382829712023-03-012024-02-2903828297ns10:Director22023-03-012024-02-2903828297ns10:CompanySecretary12023-03-012024-02-2903828297ns10:RegisteredOffice2023-03-012024-02-2903828297ns5:CurrentFinancialInstruments2024-02-2903828297ns5:CurrentFinancialInstruments2023-02-2803828297ns5:Non-currentFinancialInstruments2024-02-2903828297ns5:Non-currentFinancialInstruments2023-02-2803828297ns5:ShareCapital2024-02-2903828297ns5:ShareCapital2023-02-2803828297ns5:RetainedEarningsAccumulatedLosses2024-02-2903828297ns5:RetainedEarningsAccumulatedLosses2023-02-2803828297ns5:NetGoodwill2023-03-012024-02-2903828297ns5:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2903828297ns5:PlantMachinery2023-03-012024-02-2903828297ns5:NetGoodwill2023-02-2803828297ns5:NetGoodwill2024-02-2903828297ns5:NetGoodwill2023-02-2803828297ns5:PlantMachinery2023-02-2803828297ns5:PlantMachinery2024-02-2903828297ns5:PlantMachinery2023-02-2803828297ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-03-012024-02-2903828297ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-02-2903828297ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2903828297ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: 03828297 (England and Wales)
















































Financial Statements

for the Year Ended 29 February 2024

for

DHF Engineering Limited

DHF Engineering Limited (Registered number: 03828297)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DHF Engineering Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: D P Houghton
Mrs A C Houghton - Jones





SECRETARY: D P Houghton





REGISTERED OFFICE: Unit 4 Harrier Court
Merlin Way
Bowerhill
Melksham
Wiltshire
SN12 6TJ





REGISTERED NUMBER: 03828297 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

DHF Engineering Limited (Registered number: 03828297)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 100,501 81,897
100,501 81,897

CURRENT ASSETS
Stocks 60,125 57,750
Debtors 6 522,396 433,123
Cash at bank 259,422 146,289
841,943 637,162
CREDITORS
Amounts falling due within one year 7 266,414 204,419
NET CURRENT ASSETS 575,529 432,743
TOTAL ASSETS LESS CURRENT
LIABILITIES

676,030

514,640

CREDITORS
Amounts falling due after more than one
year

8

(19,072

)

(27,689

)

PROVISIONS FOR LIABILITIES (25,125 ) (15,560 )
NET ASSETS 631,833 471,391

CAPITAL AND RESERVES
Called up share capital 140 140
Retained earnings 631,693 471,251
SHAREHOLDERS' FUNDS 631,833 471,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

DHF Engineering Limited (Registered number: 03828297)

Balance Sheet - continued
29 February 2024


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 17 October 2024 and were signed on its behalf by:





Mrs A C Houghton - Jones - Director


DHF Engineering Limited (Registered number: 03828297)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

DHF Engineering Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1999, is being amortised evenly over its estimated useful life of five years.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 20% 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.

DHF Engineering Limited (Registered number: 03828297)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

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.

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 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 21,780
AMORTISATION
At 1 March 2023
and 29 February 2024 21,780
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

DHF Engineering Limited (Registered number: 03828297)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 293,983
Additions 47,272
At 29 February 2024 341,255
DEPRECIATION
At 1 March 2023 212,086
Charge for year 28,668
At 29 February 2024 240,754
NET BOOK VALUE
At 29 February 2024 100,501
At 28 February 2023 81,897

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

Plant and
machinery
etc
£   
COST
Additions 29,995
At 29 February 2024 29,995
DEPRECIATION
Charge for year 7,499
At 29 February 2024 7,499
NET BOOK VALUE
At 29 February 2024 22,496

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 378,892 293,241
Amounts owed by group undertakings 130,801 128,021
Other debtors 12,703 11,861
522,396 433,123

DHF Engineering Limited (Registered number: 03828297)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 62,398 61,762
Other creditors 204,016 142,657
266,414 204,419

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Other creditors 19,072 27,689