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REGISTERED NUMBER: 11517669 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

DP Fabricators Ltd

DP Fabricators Ltd (Registered number: 11517669)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DP Fabricators Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: D Holmes
P Rhodes





REGISTERED OFFICE: Unit 2 Ripley Close
Normanton Industrial Estate
Normanton
WF6 1TB





REGISTERED NUMBER: 11517669 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
3 Park Square
Leeds
LS1 2NE

DP Fabricators Ltd (Registered number: 11517669)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 258,967 219,626
Investment property 5 241,858 -
500,825 219,626

CURRENT ASSETS
Stocks 146,913 162,148
Debtors 6 917,601 865,693
Investments 7 44,300 -
Cash at bank and in hand 64,644 287,040
1,173,458 1,314,881
CREDITORS
Amounts falling due within one year 8 676,669 828,784
NET CURRENT ASSETS 496,789 486,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

997,614

705,723

CREDITORS
Amounts falling due after more than one
year

9

(105,925

)

(47,096

)

PROVISIONS FOR LIABILITIES (46,154 ) (38,028 )
NET ASSETS 845,535 620,599

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 845,533 620,597
SHAREHOLDERS' FUNDS 845,535 620,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

DP Fabricators Ltd (Registered number: 11517669)

Balance Sheet - continued
31 August 2023


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 4 January 2025 and were signed on its behalf by:




D Holmes - Director



P Rhodes - Director


DP Fabricators Ltd (Registered number: 11517669)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

DP Fabricators Ltd 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

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.

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.

DP Fabricators Ltd (Registered number: 11517669)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 14 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 273,604 13,395 416 287,415
Additions 54,235 7,277 - 61,512
At 31 August 2023 327,839 20,672 416 348,927
DEPRECIATION
At 1 September 2022 61,188 6,403 198 67,789
Charge for year 19,998 2,140 33 22,171
At 31 August 2023 81,186 8,543 231 89,960
NET BOOK VALUE
At 31 August 2023 246,653 12,129 185 258,967
At 31 August 2022 212,416 6,992 218 219,626

DP Fabricators Ltd (Registered number: 11517669)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2022 23,979 13,395 37,374
Additions 29,190 - 29,190
At 31 August 2023 53,169 13,395 66,564
DEPRECIATION
At 1 September 2022 3,597 6,403 10,000
Charge for year 6,977 1,049 8,026
At 31 August 2023 10,574 7,452 18,026
NET BOOK VALUE
At 31 August 2023 42,595 5,943 48,538
At 31 August 2022 20,382 6,992 27,374

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 241,858
At 31 August 2023 241,858
NET BOOK VALUE
At 31 August 2023 241,858

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 353,618 791,812
Tax recoverable 31,899 31,899
VAT 10,089 -
Prepayments 521,995 41,982
917,601 865,693

7. CURRENT ASSET INVESTMENTS
31.8.23 31.8.22
£    £   
Short term investment 44,300 -

DP Fabricators Ltd (Registered number: 11517669)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other loans (see note 10) 12,000 12,000
Hire purchase contracts 50,331 13,571
Trade creditors 266,752 670,230
Social security and other taxes 11,342 73,805
Amounts owed to related party undertaking 241,000 -
Accruals and deferred income 95,244 59,178
676,669 828,784

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Other loans (see note 10) 15,136 25,946
Hire purchase contracts 90,789 21,150
105,925 47,096

10. LOANS

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£    £   
Amounts falling due within one year or on demand:
Bank loan 12,000 12,000

Amounts falling due between two and five years:
Loan creditor 15,136 25,946

The bank loan represents a loan under HM Government Coronavirus Business Bounce Back Loan Scheme. The loan carries an interest rate of 2.5% per annum and it is repayable in accordance with the rules of the scheme.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
2 Ordinary £1 2 2

12. RESERVES
Retained
earnings
£   

At 1 September 2022 620,597
Profit for the year 224,936
At 31 August 2023 845,533

DP Fabricators Ltd (Registered number: 11517669)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

13. RELATED PARTY DISCLOSURES

During the year the company was charges £24,300 (2022: £Nil) by Solo Cladding Services Limited for consultancy. D Holmes is the director of Solo Cladding Services Limited.

At 31 August 2023 the company was owed £241,000 (2022: £Nil) by D&P Projects Limited. D Holmes and P Rhodes are the directors of D&P Projects Limited.

During the year the company made recharges on an arms length basis from D&P Projects Limited amounting to £450,000.

14. ULTIMATE CONTROLLING PARTY

The directors consider there to be no ultimate controlling party.