Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 03968173 Mr Craig Dyson Mr John Shaw true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03968173 2023-05-31 03968173 2024-05-31 03968173 2023-06-01 2024-05-31 03968173 frs-core:CurrentFinancialInstruments 2024-05-31 03968173 frs-core:Non-currentFinancialInstruments 2024-05-31 03968173 frs-core:FurnitureFittings 2024-05-31 03968173 frs-core:FurnitureFittings 2023-06-01 2024-05-31 03968173 frs-core:FurnitureFittings 2023-05-31 03968173 frs-core:MotorVehicles 2024-05-31 03968173 frs-core:MotorVehicles 2023-06-01 2024-05-31 03968173 frs-core:MotorVehicles 2023-05-31 03968173 frs-core:PlantMachinery 2024-05-31 03968173 frs-core:PlantMachinery 2023-06-01 2024-05-31 03968173 frs-core:PlantMachinery 2023-05-31 03968173 frs-core:ShareCapital 2024-05-31 03968173 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 03968173 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 03968173 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 03968173 frs-bus:SmallEntities 2023-06-01 2024-05-31 03968173 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 03968173 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 03968173 1 2023-06-01 2024-05-31 03968173 frs-bus:Director1 2023-06-01 2024-05-31 03968173 frs-bus:Director2 2023-06-01 2024-05-31 03968173 frs-countries:EnglandWales 2023-06-01 2024-05-31 03968173 2022-05-31 03968173 2023-05-31 03968173 2022-06-01 2023-05-31 03968173 frs-core:CurrentFinancialInstruments 2023-05-31 03968173 frs-core:Non-currentFinancialInstruments 2023-05-31 03968173 frs-core:BetweenOneFiveYears 2023-05-31 03968173 frs-core:WithinOneYear 2023-05-31 03968173 frs-core:ShareCapital 2023-05-31 03968173 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 03968173
Dyson Engineering Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Unaudited Financial Statements
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 03968173
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 162,618 184,655
162,618 184,655
CURRENT ASSETS
Stocks 3,308 3,107
Debtors 5 226,105 247,051
Cash at bank and in hand 467,715 287,575
697,128 537,733
Creditors: Amounts Falling Due Within One Year 6 (226,755 ) (184,191 )
NET CURRENT ASSETS (LIABILITIES) 470,373 353,542
TOTAL ASSETS LESS CURRENT LIABILITIES 632,991 538,197
Creditors: Amounts Falling Due After More Than One Year 7 (4,376 ) (18,366 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (37,940 ) (49,668 )
NET ASSETS 590,675 470,163
CAPITAL AND RESERVES
Called up share capital 10 101 101
Income Statement 590,574 470,062
SHAREHOLDERS' FUNDS 590,675 470,163
Page 1
Page 2
For the year ending 31 May 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Craig Dyson
Director
5 December 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Dyson Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03968173 . The registered office is Unit 2 Cawder Park Snaygill Industrial Estate, Keighley Road, Skipton, BD23 2QR.
On 23 July 2024 the company's name was changed from Dyson Doors & Fabrications Ltd to Dyson Engineering Ltd.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
When preparing the financial statements, the directors have made an assessment of the company's ability to continue as a going concern. The company is considered a going concern as the directors have no intention to liquidate the company or to cease trading. In assessing whether the going concern assumption is appropriate, the directors have taken into account all available information about the future, which is at least, but is not limited to, twelve months from the date when the financial statements are authorised for issue.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 20% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
Page 3
Page 4
2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. Grants received for the purchase of fixed assets are recognised in the income statement over the useful economic life of the asset they relates to.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 12)
11 12
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 June 2023 75,425 185,974 7,576 268,975
Additions 23,727 9,825 3,902 37,454
Disposals (12,384 ) (29,124 ) (2,091 ) (43,599 )
As at 31 May 2024 86,768 166,675 9,387 262,830
Depreciation
As at 1 June 2023 17,143 61,532 5,645 84,320
Provided during the period 18,866 36,392 1,147 56,405
Disposals (9,298 ) (29,124 ) (2,091 ) (40,513 )
As at 31 May 2024 26,711 68,800 4,701 100,212
Net Book Value
As at 31 May 2024 60,057 97,875 4,686 162,618
As at 1 June 2023 58,282 124,442 1,931 184,655
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 128,354 116,752
Amounts owed by group undertakings 134 -
Other debtors 97,617 130,299
226,105 247,051
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 4,271
Trade creditors 39,891 84,099
Bank loans and overdrafts 12,915 12,596
Amounts owed to group undertakings - 40
Other creditors 28,508 11,879
Taxation and social security 145,441 71,306
226,755 184,191
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 1,068
Bank loans 4,376 17,298
4,376 18,366
8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts - 5,339
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 4,271
Later than one year and not later than five years - 1,068
- 5,339
- 5,339
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 101 101
11. Related Party Transactions
Debtors include the following amounts due from group companies:
Dyson Engineering Holdings Limited £134  (2023: £0)
Creditors include the following amounts due to associated companies:
Dyson Doors & Fabrications Limited £0 (2023 £40)
12. Ultimate Controlling Party
The company's controlling party is Dyson Engineering Holdings Limited by virtue of its ownership of 100% of the issued share capital in the company. 
Page 5