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REGISTERED NUMBER: SC394991 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

DMF ENGINEERING FABRICATION LTD

DMF ENGINEERING FABRICATION LTD (REGISTERED NUMBER: SC394991)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DMF ENGINEERING FABRICATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: S Delph





REGISTERED OFFICE: Mains of Cairnorrie
Methlick
Ellon
Aberdeenshire
AB41 7DA





REGISTERED NUMBER: SC394991 (Scotland)





ACCOUNTANTS: Goldwells Ltd
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

DMF ENGINEERING FABRICATION LTD (REGISTERED NUMBER: SC394991)

STATEMENT OF FINANCIAL POSITION
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 430,004 503,192

CURRENT ASSETS
Stocks 15,062 41,374
Debtors 5 57,293 101,079
Cash at bank 99,404 270,405
171,759 412,858
CREDITORS
Amounts falling due within one year 6 162,389 265,677
NET CURRENT ASSETS 9,370 147,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

439,374

650,373

CREDITORS
Amounts falling due after more than one year 7 74,015 163,519
NET ASSETS 365,359 486,854

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 365,259 486,754
SHAREHOLDERS' FUNDS 365,359 486,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DMF ENGINEERING FABRICATION LTD (REGISTERED NUMBER: SC394991)

STATEMENT OF FINANCIAL POSITION - continued
31ST MARCH 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 director and authorised for issue on 9th December 2024 and were signed by:





S Delph - Director


DMF ENGINEERING FABRICATION LTD (REGISTERED NUMBER: SC394991)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

DMF Engineering Fabrication Ltd 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 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 9 (2023 - 6 ) .

DMF ENGINEERING FABRICATION LTD (REGISTERED NUMBER: SC394991)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and Office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1st April 2023 72,587 703,683 8,686 50,250 835,206
Additions - 1,800 2,570 - 4,370
At 31st March 2024 72,587 705,483 11,256 50,250 839,576
DEPRECIATION
At 1st April 2023 7,259 285,484 6,854 32,417 332,014
Charge for year 1,451 70,549 1,100 4,458 77,558
At 31st March 2024 8,710 356,033 7,954 36,875 409,572
NET BOOK VALUE
At 31st March 2024 63,877 349,450 3,302 13,375 430,004
At 31st March 2023 65,328 418,199 1,832 17,833 503,192

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 19,192 59,942
Directors' current accounts 4,760 -
VAT 21,517 -
Inter company Delmac Ltd 11,824 41,137
57,293 101,079

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 90,910 95,890
Trade creditors 40,760 27,974
Tax 5,453 4,488
VAT - 25,533
Other creditors 25,266 22,177
Directors' current accounts - 89,615
162,389 265,677

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 74,015 163,519