Company Registration No. 12873438 (England and Wales)
Duddon Valley Engineering Limited
Unaudited accounts
for the year ended 30 September 2024
Duddon Valley Engineering Limited
Unaudited accounts
Contents
Duddon Valley Engineering Limited
Company Information
for the year ended 30 September 2024
Directors
Gary Foxon
Laura Foxon
Company Number
12873438 (England and Wales)
Registered Office
8 Park Avenue
ASKAM-IN-FURNESS
Cumbria
LA16 7AF
England
Accountants
EHA Accountancy Ltd
2 Lower Brook Street
Ulverston
Cumbria
LA12 7EE
Duddon Valley Engineering Limited
Statement of financial position
as at 30 September 2024
Tangible assets
125,563
161,150
Cash at bank and in hand
93,260
136,309
Creditors: amounts falling due within one year
(123,565)
(160,146)
Net current assets
69,307
55,488
Total assets less current liabilities
194,870
216,638
Creditors: amounts falling due after more than one year
-
(60,000)
Net assets
194,870
156,638
Called up share capital
100
100
Profit and loss account
194,770
156,538
Shareholders' funds
194,870
156,638
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2024 and were signed on its behalf by
Gary Foxon
Director
Company Registration No. 12873438
Duddon Valley Engineering Limited
Notes to the Accounts
for the year ended 30 September 2024
Duddon Valley Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 12873438. The registered office is 8 Park Avenue, , ASKAM-IN-FURNESS, Cumbria, LA16 7AF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Duddon Valley Engineering Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 October 2023
189,948
14,750
204,698
At 30 September 2024
190,567
14,750
205,317
At 1 October 2023
35,020
8,528
43,548
Charge for the year
34,650
1,556
36,206
At 30 September 2024
69,670
10,084
79,754
At 30 September 2024
120,897
4,666
125,563
At 30 September 2023
154,928
6,222
161,150
Amounts falling due within one year
Trade debtors
85,649
55,296
Accrued income and prepayments
2,763
2,015
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
11,873
93,423
Taxes and social security
46,679
13,986
Loans from directors
40,562
49,345
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
-
60,000
8
Transactions with related parties
At 30 September 2024 Mr & Mrs Foxon, directors of the company have advanced on an unsecured interest free basis the amount of £40,562 (2023: £109,345).
During the year the directors received dividends of £66,400 (2023: £66,400)
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).