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REGISTERED NUMBER: SC524625 (Scotland)















DESIGN ENGINEERING WORKSHOP LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024






DESIGN ENGINEERING WORKSHOP LIMITED (REGISTERED NUMBER: SC524625)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DESIGN ENGINEERING WORKSHOP LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTORS: A Fraser
M Sinclair





REGISTERED OFFICE: 5/3 The Connal Building
34 West George Street
Glasgow
G2 1DA





REGISTERED NUMBER: SC524625 (Scotland)





ACCOUNTANTS: Benham Conway & Co
16 Royal Crescent
Glasgow
G3 7SL

DESIGN ENGINEERING WORKSHOP LIMITED (REGISTERED NUMBER: SC524625)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 149,643 149,029

CURRENT ASSETS
Debtors 5 113,728 172,344
Cash at bank 21,234 54,966
134,962 227,310
CREDITORS
Amounts falling due within one year 6 82,664 109,600
NET CURRENT ASSETS 52,298 117,710
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,941

266,739

CREDITORS
Amounts falling due after more than one
year

7

15,000

79,458
NET ASSETS 186,941 187,281

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 186,841 187,181
SHAREHOLDERS' FUNDS 186,941 187,281

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

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

DESIGN ENGINEERING WORKSHOP LIMITED (REGISTERED NUMBER: SC524625)

BALANCE SHEET - continued
30 April 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 27 November 2024 and were signed on its behalf by:




A Fraser - Director



M Sinclair - Director


DESIGN ENGINEERING WORKSHOP LIMITED (REGISTERED NUMBER: SC524625)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Design Engineering Workshop Limited is a private company, limited by shares , registered in Scotland. 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 comprises services provided during the year, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost and 25% on cost

Financial instruments
Basic financial instruments, including trade and other payables, bank loans and other loans that are classified as debt, are initially recognised at transaction price and are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for employees and makes pension contributions to the personal pension schemes of the company's directors. Contributions payable to these pension schemes are charged to profit or loss in the period to which they relate.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

DESIGN ENGINEERING WORKSHOP LIMITED (REGISTERED NUMBER: SC524625)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 138,232 37,234 175,466
Additions 800 15,117 15,917
Disposals - (2,385 ) (2,385 )
At 30 April 2024 139,032 49,966 188,998
DEPRECIATION
At 1 May 2023 2,765 23,672 26,437
Charge for year 2,781 11,960 14,741
Eliminated on disposal - (1,823 ) (1,823 )
At 30 April 2024 5,546 33,809 39,355
NET BOOK VALUE
At 30 April 2024 133,486 16,157 149,643
At 30 April 2023 135,467 13,562 149,029

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 102,543 163,531
Other debtors 11,185 8,813
113,728 172,344

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 14,053
Taxation and social security 68,892 92,494
Other creditors 3,772 3,053
82,664 109,600

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 15,000 79,458

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 33,659

DESIGN ENGINEERING WORKSHOP LIMITED (REGISTERED NUMBER: SC524625)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans - 61,478

One of the company's loan providers held a fixed charge over the company's property and a bond and floating charge over the company's assets for all sums due. The company's directors had provided personal guarantees to one of the company's loan providers. The secured loan was repaid and the charges were satisfied during the year.

9. OTHER FINANCIAL COMMITMENTS

At 30 April 2024 the company was committed to making total payments under non-cancellable operating leases of £35,210 (2023, £54,587).