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REGISTERED NUMBER: 02176940










Unaudited Financial Statements for the Year Ended 31 October 2024

for

D.a.c.steels Limited

D.a.c.steels Limited (Registered number: 02176940)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D.a.c.steels Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: D Clarke





SECRETARY:





REGISTERED OFFICE: Canal Street Works
34-38 Sussex Street
Sheffield
South Yorkshire
S4 7YY





REGISTERED NUMBER: 02176940





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

D.a.c.steels Limited (Registered number: 02176940)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 613,995 646,094
Investments 5 7,203 7,203
Investment property 6 720,340 662,388
1,341,538 1,315,685

CURRENT ASSETS
Stocks 175,420 350,102
Debtors 7 2,272,459 1,539,864
Cash at bank and in hand 786,187 911,942
3,234,066 2,801,908
CREDITORS
Amounts falling due within one year 8 452,420 381,027
NET CURRENT ASSETS 2,781,646 2,420,881
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,123,184

3,736,566

PROVISIONS FOR LIABILITIES 73,835 68,330
NET ASSETS 4,049,349 3,668,236

CAPITAL AND RESERVES
Called up share capital 1,300 1,300
Fair value reserve 9 18,968 18,968
Retained earnings 4,029,081 3,647,968
4,049,349 3,668,236

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

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

D.a.c.steels Limited (Registered number: 02176940)

Balance Sheet - continued
31 October 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 5 February 2025 and were signed by:





D Clarke - Director


D.a.c.steels Limited (Registered number: 02176940)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

D.a.c.steels Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Freehold property - 2% on cost
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

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.

D.a.c.steels Limited (Registered number: 02176940)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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 13 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 November 2023 395,703 42,187 930,702
Additions - - 10,800
At 31 October 2024 395,703 42,187 941,502
DEPRECIATION
At 1 November 2023 60,076 42,185 737,341
Charge for year 7,914 - 38,853
At 31 October 2024 67,990 42,185 776,194
NET BOOK VALUE
At 31 October 2024 327,713 2 165,308
At 31 October 2023 335,627 2 193,361

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 November 2023 35,541 555,244 1,959,377
Additions 1,786 34,390 46,976
At 31 October 2024 37,327 589,634 2,006,353
DEPRECIATION
At 1 November 2023 21,041 452,640 1,313,283
Charge for year 2,358 29,950 79,075
At 31 October 2024 23,399 482,590 1,392,358
NET BOOK VALUE
At 31 October 2024 13,928 107,044 613,995
At 31 October 2023 14,500 102,604 646,094

D.a.c.steels Limited (Registered number: 02176940)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Other 7,203 7,203

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 662,388
Additions 57,952
At 31 October 2024 720,340
NET BOOK VALUE
At 31 October 2024 720,340
At 31 October 2023 662,388

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 320,571 543,716
Other debtors 1,951,888 996,148
2,272,459 1,539,864

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 98,269 86,691
Taxation and social security 217,309 234,615
Other creditors 136,842 59,721
452,420 381,027

9. RESERVES
Fair
value
reserve
£   
At 1 November 2023
and 31 October 2024 18,968