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REGISTERED NUMBER: NI015582 (Northern Ireland)












D Engineering Limited

Unaudited Financial Statements for the Year Ended 30 September 2024






D Engineering Limited (Registered number: NI015582)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


D Engineering Limited

Company Information
for the year ended 30 September 2024







Directors: Mr O Duffin
Mr J O Duffin
Mr T Duffin
Ms S K Duffin
Mr M C Duffin
Mr M K Duffin
Mrs B T Duffin
Mr B G Duffin
Mr B J Duffin
Ms M T Gristwood
Ms A M Keane
Ms R M McMinn


Registered office: 29 Cargin Road
Toomebridge
Co. Antrim
BT41 3ND


Registered number: NI015582 (Northern Ireland)


Accountants: Exchange Accountants Limited
Chartered Certified Accountants
Oakmont House
2 Queens Road
Lisburn
BT27 4TZ


Bankers: Danske Bank
42 High Street
Randalstown
Co. Antrim
BT41 4AP

D Engineering Limited (Registered number: NI015582)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 4 - -
Tangible assets 5 881,509 912,591
881,509 912,591

Current assets
Stocks 6 18,000 18,000
Debtors 7 231,036 552,855
Cash in hand 162 162
249,198 571,017
Creditors
Amounts falling due within one year 8 (372,953 ) (415,069 )
Net current (liabilities)/assets (123,755 ) 155,948
Total assets less current liabilities 757,754 1,068,539

Creditors
Amounts falling due after more than one
year

9

(11,055

)

(30,899

)

Provisions for liabilities 12 (32,143 ) (37,951 )
Net assets 714,556 999,689

Capital and reserves
Called up share capital 13 312,000 312,000
Revaluation reserve 14 135,573 135,573
Retained earnings 14 266,983 552,116
Shareholders' funds 714,556 999,689

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

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

D Engineering Limited (Registered number: NI015582)

Balance Sheet - continued
30 September 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 31 December 2024 and were signed on its behalf by:





Mr J O Duffin - Director


D Engineering Limited (Registered number: NI015582)

Notes to the Financial Statements
for the year ended 30 September 2024

1. Statutory information

D Engineering Limited is a private company, limited by shares , registered in Northern Ireland. 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 15% reducing balance
Fixtures & Furnitures - 15% reducing balance
Motor vehicles - 25% reducing balance

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.

D Engineering Limited (Registered number: NI015582)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. Accounting policies - continued

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 11 (2023 - 14 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 October 2023
and 30 September 2024 130,000
Amortisation
At 1 October 2023
and 30 September 2024 130,000
Net book value
At 30 September 2024 -
At 30 September 2023 -

5. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost or valuation
At 1 October 2023
and 30 September 2024 710,000 929,275 34,538 47,513 1,721,326
Depreciation
At 1 October 2023 - 737,699 30,469 40,567 808,735
Charge for year - 28,736 610 1,736 31,082
At 30 September 2024 - 766,435 31,079 42,303 839,817
Net book value
At 30 September 2024 710,000 162,840 3,459 5,210 881,509
At 30 September 2023 710,000 191,576 4,069 6,946 912,591

Cost or valuation at 30 September 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2018 640,000 - - - 640,000
Valuation in 2022 70,000 929,275 34,538 47,513 1,081,326
710,000 929,275 34,538 47,513 1,721,326

D Engineering Limited (Registered number: NI015582)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. Tangible fixed assets - continued

If 22 McKinney Road had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 574,428 574,428

22 McKinney Road was valued on an open market basis on 6 April 2022 by Templeton Robinson Commercial .

6. Stocks
2024 2023
£    £   
Stocks 18,000 18,000

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 224,236 342,846
Bad debt provision - (25,120 )
Amounts owed by associates - 225,729
Other debtors 6,800 9,400
231,036 552,855

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts (see note 10) 90,150 73,106
Hire purchase contracts - 11,563
Trade creditors 116,805 175,887
Corporation tax 2,360 789
Social security and other taxes 19,325 11,848
Pension commitments 5,402 3,835
VAT 58,124 53,310
Other creditors 2,971 2,704
Directors' current accounts 73,816 75,027
Accrued expenses 4,000 7,000
372,953 415,069

9. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans (see note 10) 11,055 30,899

D Engineering Limited (Registered number: NI015582)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

10. Loans

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 69,774 54,570
Bank loans 20,376 18,536
90,150 73,106

Amounts falling due between one and two years:
Bank loans - 1-2 years 11,055 18,656

Amounts falling due between two and five years:
Bank loans - 2-5 years - 12,243

11. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 69,774 54,570
Bank loans 31,431 49,435
Hire purchase contracts - 11,563
101,205 115,568

The bank overdraft is secured by way of a charge over the company assets.

Hire purchase contracts are secured on the assets to which they relate.

12. Provisions for liabilities
2024 2023
£    £   
Deferred tax 32,143 37,951

Deferred
tax
£   
Balance at 1 October 2023 37,951
Provided during year (5,808 )
Balance at 30 September 2024 32,143

D Engineering Limited (Registered number: NI015582)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

13. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
312,000 Ordinary £1 312,000 312,000

14. Reserves
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2023 552,116 135,573 687,689
Deficit for the year (285,133 ) (285,133 )
At 30 September 2024 266,983 135,573 402,556