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REGISTERED NUMBER: 00565907 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Doity Engineering Limited

Doity Engineering Limited (Registered number: 00565907)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Doity Engineering Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A C Kershaw
R A Kershaw
D Clift





REGISTERED OFFICE: Po Box 25
Rugby Road Industrial Estate
Rugby Road,
OL12 0EP





REGISTERED NUMBER: 00565907 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Doity Engineering Limited (Registered number: 00565907)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 423,262 412,369

CURRENT ASSETS
Stocks 151,282 126,956
Debtors 6 95,707 34,481
Cash at bank and in hand 60,607 69,716
307,596 231,153
CREDITORS
Amounts falling due within one year 7 (209,902 ) (146,885 )
NET CURRENT ASSETS 97,694 84,268
TOTAL ASSETS LESS CURRENT
LIABILITIES

520,956

496,637

CREDITORS
Amounts falling due after more than one
year

8

(18,152

)

(28,218

)

PROVISIONS FOR LIABILITIES (18,736 ) (15,270 )
NET ASSETS 484,068 453,149

CAPITAL AND RESERVES
Called up share capital 11,482 11,482
Revaluation reserve 9 55,072 55,072
Capital redemption reserve 11,518 11,518
Retained earnings 405,996 375,077
SHAREHOLDERS' FUNDS 484,068 453,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Doity Engineering Limited (Registered number: 00565907)

Balance Sheet - continued
30 June 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 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 15 October 2024 and were signed on its behalf by:





R A Kershaw - Director


Doity Engineering Limited (Registered number: 00565907)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Doity 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

REVENUE RECOGNITION
Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax, trade discounts and royalties. Turnover is attributable to one continuing activity.

DEPRECIATION
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

STOCKS
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

TAXATION
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

DEFINED CONTRIBUTION PLANS
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

Doity Engineering Limited (Registered number: 00565907)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

TANGIBLE ASSETS
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

IMPAIRMENT OF FIXED ASSETS
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

PROVISIONS
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

Doity Engineering Limited (Registered number: 00565907)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 400,000 85,644 32,325 - 517,969
Additions - - 11,325 5,277 16,602
At 30 June 2024 400,000 85,644 43,650 5,277 534,571
DEPRECIATION
At 1 July 2023 - 82,709 22,891 - 105,600
Charge for year - 440 4,246 1,023 5,709
At 30 June 2024 - 83,149 27,137 1,023 111,309
NET BOOK VALUE
At 30 June 2024 400,000 2,495 16,513 4,254 423,262
At 30 June 2023 400,000 2,935 9,434 - 412,369

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 84,459 23,936
Other debtors 11,248 10,545
95,707 34,481

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,981 9,811
Trade creditors 26,371 30,434
Taxation and social security 48,979 10,264
Other creditors 118,571 96,376
209,902 146,885

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 18,152 28,218

9. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 55,072

Doity Engineering Limited (Registered number: 00565907)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors entered into the following advances and credits with the company:

2024

Balance brought
forward

Amounts repaid
Balance carried
forward
£££
A. C. Kershaw(423)(15,935)(16,358)
R. A. Kershaw(27,432)3,720(23,712)
(27,855)(12,215)(40,070)
2023

Balance brought
forward

Amounts repaid
Balance carried
forward
£££
A. C. Kershaw(11,423)11,000(423)
R. A. Kershaw(50,982)23,550(27,432)
(62,405)34,550(27,855)