1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP NI010513 2023-04-01 2024-03-31 NI010513 2024-03-31 NI010513 2023-03-31 NI010513 2022-04-01 2023-03-31 NI010513 2023-03-31 NI010513 2022-03-31 NI010513 core:FurnitureFittings 2023-04-01 2024-03-31 NI010513 bus:Director2 2023-04-01 2024-03-31 NI010513 core:LandBuildings 2023-03-31 NI010513 core:FurnitureFittings 2023-03-31 NI010513 core:LandBuildings 2024-03-31 NI010513 core:FurnitureFittings 2024-03-31 NI010513 core:WithinOneYear 2024-03-31 NI010513 core:WithinOneYear 2023-03-31 NI010513 core:AfterOneYear 2023-03-31 NI010513 core:LandBuildings 2023-04-01 2024-03-31 NI010513 core:ShareCapital 2024-03-31 NI010513 core:ShareCapital 2023-03-31 NI010513 core:RevaluationReserve 2023-03-31 NI010513 core:RetainedEarningsAccumulatedLosses 2024-03-31 NI010513 core:RetainedEarningsAccumulatedLosses 2023-03-31 NI010513 core:LandBuildings 2023-03-31 NI010513 core:FurnitureFittings 2023-03-31 NI010513 bus:SmallEntities 2023-04-01 2024-03-31 NI010513 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 NI010513 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 NI010513 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 NI010513 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: NI010513
DUNDONALD TUBULAR WORKS LIMITED.
Filleted Unaudited Financial Statements
31 March 2024
DUNDONALD TUBULAR WORKS LIMITED.
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
1
176,428
Current assets
Debtors
5
25,165
Cash at bank and in hand
15,119
5,906
--------
-------
40,284
5,906
Creditors: amounts falling due within one year
6
10,163
32,581
--------
--------
Net current assets/(liabilities)
30,121
( 26,675)
--------
---------
Total assets less current liabilities
30,122
149,753
Creditors: amounts falling due after more than one year
7
8,042
--------
---------
Net assets
30,122
141,711
--------
---------
Capital and reserves
Called up share capital
29,903
29,903
Revaluation reserve
23,743
Profit and loss account
219
88,065
--------
---------
Shareholders funds
30,122
141,711
--------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DUNDONALD TUBULAR WORKS LIMITED.
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 29 June 2024 , and are signed on behalf of the board by:
Mr R Scott
Director
Company registration number: NI010513
DUNDONALD TUBULAR WORKS LIMITED.
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in N.Ireland.. The address of the registered office is 412 Newtownards Road,, Belfastt., BT4 1HH.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation & subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
10% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities .
3. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
4. Tangible assets
Land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2023
175,951
4,107
180,058
Disposals
( 175,950)
( 175,950)
---------
-------
---------
At 31 March 2024
1
4,107
4,108
---------
-------
---------
Depreciation
At 1 April 2023
3,630
3,630
Charge for the year
477
477
---------
-------
---------
At 31 March 2024
4,107
4,107
---------
-------
---------
Carrying amount
At 31 March 2024
1
1
---------
-------
---------
At 31 March 2023
175,951
477
176,428
---------
-------
---------
The investment properties have been valued by the director at market value.
5. Debtors
2024
2023
£
£
Other debtors
25,165
--------
----
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
6,431
Other creditors
3,732
32,581
--------
--------
10,163
32,581
--------
--------
7. Creditors: amounts falling due after more than one year
2024
2023
£
£
Corporation tax
8,042
----
-------
8. Director's advances, credits and guarantees
This relates to an overdrawn current account.
9. Related party transactions
The company was under the control of Mr Robert Scott ,& £19,052 WAS DUE TO THE COMPANY @31/3/2024(£15629 due to the company at 31 March 2023)