Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalsetrue2023-06-01Engineering1111 01172411 2023-06-01 2024-05-31 01172411 2022-06-01 2023-05-31 01172411 2024-05-31 01172411 2023-05-31 01172411 c:Director3 2023-06-01 2024-05-31 01172411 d:Buildings 2023-06-01 2024-05-31 01172411 d:Buildings 2024-05-31 01172411 d:Buildings 2023-05-31 01172411 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01172411 d:Buildings d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01172411 d:Buildings d:LongLeaseholdAssets 2023-06-01 2024-05-31 01172411 d:PlantMachinery 2023-06-01 2024-05-31 01172411 d:PlantMachinery 2024-05-31 01172411 d:PlantMachinery 2023-05-31 01172411 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01172411 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01172411 d:MotorVehicles 2023-06-01 2024-05-31 01172411 d:MotorVehicles 2024-05-31 01172411 d:MotorVehicles 2023-05-31 01172411 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01172411 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01172411 d:FurnitureFittings 2023-06-01 2024-05-31 01172411 d:OfficeEquipment 2023-06-01 2024-05-31 01172411 d:OfficeEquipment 2024-05-31 01172411 d:OfficeEquipment 2023-05-31 01172411 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01172411 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01172411 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 01172411 d:LeasedAssetsHeldAsLessee 2023-06-01 2024-05-31 01172411 d:CurrentFinancialInstruments 2024-05-31 01172411 d:CurrentFinancialInstruments 2023-05-31 01172411 d:Non-currentFinancialInstruments 2024-05-31 01172411 d:Non-currentFinancialInstruments 2023-05-31 01172411 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 01172411 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 01172411 d:Non-currentFinancialInstruments d:AfterOneYear 2024-05-31 01172411 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 01172411 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-05-31 01172411 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-05-31 01172411 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-05-31 01172411 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-05-31 01172411 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-05-31 01172411 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-05-31 01172411 d:ShareCapital 2024-05-31 01172411 d:ShareCapital 2023-05-31 01172411 d:RetainedEarningsAccumulatedLosses 2024-05-31 01172411 d:RetainedEarningsAccumulatedLosses 2023-05-31 01172411 d:AcceleratedTaxDepreciationDeferredTax 2024-05-31 01172411 d:AcceleratedTaxDepreciationDeferredTax 2023-05-31 01172411 d:TaxLossesCarry-forwardsDeferredTax 2024-05-31 01172411 d:TaxLossesCarry-forwardsDeferredTax 2023-05-31 01172411 c:OrdinaryShareClass1 2023-06-01 2024-05-31 01172411 c:OrdinaryShareClass1 2024-05-31 01172411 c:OrdinaryShareClass1 2023-05-31 01172411 c:FRS102 2023-06-01 2024-05-31 01172411 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 01172411 c:FullAccounts 2023-06-01 2024-05-31 01172411 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 01172411 2 2023-06-01 2024-05-31 01172411 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-05-31 01172411 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-05-31 01172411 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-05-31 01172411 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-05-31 01172411 d:LeasedAssetsHeldAsLessee 2024-05-31 01172411 d:LeasedAssetsHeldAsLessee 2023-05-31 01172411 e:PoundSterling 2023-06-01 2024-05-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 01172411









DAWSON STRUCTURAL ENGINEERING COMPANY LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
DAWSON STRUCTURAL ENGINEERING COMPANY LIMITED
REGISTERED NUMBER: 01172411

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
677,667
468,001

  
677,667
468,001

Current assets
  

Stocks
  
5,000
25,725

Debtors: amounts falling due within one year
 5 
232,022
885,136

Cash at bank and in hand
 6 
174,614
231

  
411,636
911,092

Creditors: amounts falling due within one year
 7 
(336,443)
(744,106)

Net current assets
  
 
 
75,193
 
 
166,986

Total assets less current liabilities
  
752,860
634,987

Creditors: amounts falling due after more than one year
 8 
(203,057)
(252,654)

Provisions for liabilities
  

Deferred tax
 10 
(60,430)
(39,843)

  
 
 
(60,430)
 
 
(39,843)

Net assets
  
489,373
342,490


Capital and reserves
  

Called up share capital 
 11 
16
16

Profit and loss account
  
489,357
342,474

  
489,373
342,490


Page 1

 
DAWSON STRUCTURAL ENGINEERING COMPANY LIMITED
REGISTERED NUMBER: 01172411
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Mrs S K Roscoe
Director

Date: 26 February 2025

The notes on pages 3 to 12 form part of these financial statements.

Page 2

 
DAWSON STRUCTURAL ENGINEERING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Dawson Structural Engineering Company Limited is a private Limited company, limited by shares, incorporated in England and Wales, company number 01172411, with its registered office and principal place of business at Lynchford Works, Four Crosses, Llanymynych, Powys, SY22 6ST.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
DAWSON STRUCTURAL ENGINEERING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4

 
DAWSON STRUCTURAL ENGINEERING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following bases.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Long-term leasehold property
-
10%
straight line
Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
DAWSON STRUCTURAL ENGINEERING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 11).

Page 6

 
DAWSON STRUCTURAL ENGINEERING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 June 2023
286,687
266,266
290,060
16,341
859,354


Additions
149,261
108,000
35,295
1,227
293,783


Disposals
-
(32,500)
(12,500)
-
(45,000)



At 31 May 2024

435,948
341,766
312,855
17,568
1,108,137



Depreciation


At 1 June 2023
-
169,190
206,487
15,676
391,353


Charge for the year on owned assets
-
19,907
15,545
713
36,165


Charge for the year on financed assets
-
7,332
13,184
-
20,516


Disposals
-
(9,019)
(8,545)
-
(17,564)



At 31 May 2024

-
187,410
226,671
16,389
430,470



Net book value



At 31 May 2024
435,948
154,356
86,184
1,179
677,667



At 31 May 2023
286,687
97,076
83,573
665
468,001

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
41,550
45,364

Motor vehicles
39,551
52,734

81,101
98,098

Page 7

 
DAWSON STRUCTURAL ENGINEERING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Debtors

2024
2023
£
£


Trade debtors
168,177
510,981

Other debtors
29,385
145,475

Prepayments and accrued income
34,460
228,680

232,022
885,136



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
174,614
231

Less: bank overdrafts
(1,530)
(46,699)

173,084
(46,468)


Page 8

 
DAWSON STRUCTURAL ENGINEERING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1,530
46,699

Bank loans
15,009
13,107

Trade creditors
135,014
541,243

Corporation tax
35,981
70

Other taxation and social security
506
6,808

Obligations under finance lease and hire purchase contracts
55,859
46,860

Other creditors
64,703
63,223

Accruals and deferred income
27,841
26,096

336,443
744,106


An amount of £10,000 (2023: £10,000) in respect of bank loans included in creditors is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

The following liabilities were secured:

2024
2023
£
£



Bank loans
5,009
3,107

5,009
3,107

Details of security provided:

Creditors above include a mortgage secured over the property of the company.

Page 9

 
DAWSON STRUCTURAL ENGINEERING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
165,434
183,924

Net obligations under finance leases and hire purchase contracts
37,623
68,730

203,057
252,654


An amount of £14,167 (2023: £24,167) in respect of bank loans included in creditors is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of, and with the financial backing of, the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

The following liabilities were secured:

2024
2023
£
£



Bank loans
151,267
159,757

151,267
159,757

Details of security provided:

Creditors above include a mortgage secured over the property of the company.

Page 10

 
DAWSON STRUCTURAL ENGINEERING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
15,009
13,107


15,009
13,107

Amounts falling due 1-2 years

Bank loans
15,609
13,700


15,609
13,700

Amounts falling due 2-5 years

Bank loans
22,794
28,828


22,794
28,828

Amounts falling due after more than 5 years

Bank loans
127,031
141,395

127,031
141,395

180,443
197,030


Page 11

 
DAWSON STRUCTURAL ENGINEERING COMPANY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

10.


Deferred taxation




2024


£






At beginning of year
(39,843)


Charged to profit or loss
(20,587)



At end of year
(60,430)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(60,430)
(45,329)

Tax losses carried forward
-
5,486

(60,430)
(39,843)


11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



16 (2023 - 16) £1 ordinary shares shares of £1.00 each
16
16



12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £6,903 (2023 - £6,496). Contributions totalling £NIL (2023 - £599) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 12