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REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

DESMAN ENGINEERING LIMITED

DESMAN ENGINEERING LIMITED (REGISTERED NUMBER: 02382868)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2024




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 4


DESMAN ENGINEERING LIMITED

COMPANY INFORMATION
for the year ended 31 May 2024







DIRECTORS: Mr I J Guilor
Mr D B Guilor
Mrs B A Guilor





SECRETARY: Mr I J Guilor





REGISTERED OFFICE: Burma Road
Blidworth Industrial Estate
Blidworth
Nottinghamshire
NG21 0RT





REGISTERED NUMBER: 02382868 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

DESMAN ENGINEERING LIMITED (REGISTERED NUMBER: 02382868)

REPORT OF THE DIRECTORS
for the year ended 31 May 2024

The directors present their report with the financial statements of the company for the year ended 31 May 2024.

PRINCIPAL ACTIVITIES
The principal activities of the company in the year under review were those of the provision of contract engineering and design services.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 June 2023 to the date of this report.

Mr I J Guilor
Mr D B Guilor
Mrs B A Guilor

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs B A Guilor - Director


15 October 2024

DESMAN ENGINEERING LIMITED (REGISTERED NUMBER: 02382868)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 619,764 581,607

CURRENT ASSETS
Stocks 599,323 582,502
Debtors 5 1,449,492 1,119,801
Cash at bank and in hand 746,207 774,012
2,795,022 2,476,315
CREDITORS
Amounts falling due within one year 6 785,900 476,412
NET CURRENT ASSETS 2,009,122 1,999,903
TOTAL ASSETS LESS CURRENT LIABILITIES 2,628,886 2,581,510

PROVISIONS FOR LIABILITIES 52,782 35,841
NET ASSETS 2,576,104 2,545,669

CAPITAL AND RESERVES
Called up share capital 90,000 90,000
Retained earnings 2,486,104 2,455,669
SHAREHOLDERS' FUNDS 2,576,104 2,545,669

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

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

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 Comprehensive Income 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:





Mr I J Guilor - Director


DESMAN ENGINEERING LIMITED (REGISTERED NUMBER: 02382868)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Desman 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods
Turnover from the sale of goods is recognised when;
- the significant risks and rewards of ownership of the goods has transferred to the buyer
- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold
- the amount of turnover can be measured reliably
- it is probable that the economic benefits associated with the transaction will flow to the company
- the costs incurred or to be incurred in respect of the transaction can be measured reliably

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on reducing balance, 25% on reducing balance, 20% on cost and Straight line over 20 years

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


DESMAN ENGINEERING LIMITED (REGISTERED NUMBER: 02382868)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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 30 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2023 527,626 2,202,147 2,729,773
Additions - 110,305 110,305
At 31 May 2024 527,626 2,312,452 2,840,078
DEPRECIATION
At 1 June 2023 221,199 1,926,967 2,148,166
Charge for year 10,548 61,600 72,148
At 31 May 2024 231,747 1,988,567 2,220,314
NET BOOK VALUE
At 31 May 2024 295,879 323,885 619,764
At 31 May 2023 306,427 275,180 581,607

5. DEBTORS
31.5.24 31.5.23
£    £   
Amounts falling due within one year:
Trade debtors 1,417,754 1,044,601
Other debtors 29,428 75,200
1,447,182 1,119,801

Amounts falling due after more than one year:
Other debtors 2,310 -

Aggregate amounts 1,449,492 1,119,801

DESMAN ENGINEERING LIMITED (REGISTERED NUMBER: 02382868)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 427,373 209,128
Amounts owed to group undertakings 149,149 152,179
Taxation and social security 121,401 73,864
Other creditors 87,977 41,241
785,900 476,412

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr I J Guilor.