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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
Page
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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
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Duddon Valley Engineering Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
125,563 
161,150 
Current assets
Inventories
11,200 
10,822 
Debtors
88,412 
68,503 
Cash at bank and in hand
93,260 
136,309 
192,872 
215,634 
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 
Capital and reserves
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
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Duddon Valley Engineering Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
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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 
Additions
619 
- 
619 
At 30 September 2024
190,567 
14,750 
205,317 
Depreciation
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 
Net book value
At 30 September 2024
120,897 
4,666 
125,563 
At 30 September 2023
154,928 
6,222 
161,150 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
11,192 
Trade debtors
85,649 
55,296 
Accrued income and prepayments
2,763 
2,015 
88,412 
68,503 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
21,806 
- 
Trade creditors
11,873 
93,423 
Taxes and social security
46,679 
13,986 
Loans from directors
40,562 
49,345 
Accruals
2,645 
3,392 
123,565 
160,146 
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).
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