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REGISTERED NUMBER: 08667959 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

DORSET FORGE & FABRICATION LTD

DORSET FORGE & FABRICATION LTD (REGISTERED NUMBER: 08667959)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Balance sheet 1

Notes to the financial statements 2


DORSET FORGE & FABRICATION LTD (REGISTERED NUMBER: 08667959)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 5,632 6,378

Current assets
Stocks 1,000 1,000
Debtors 5 2,113 21,286
Cash at bank 17,261 7,491
20,374 29,777
Creditors
Amounts falling due within one year 6 24,432 34,595
Net current liabilities (4,058 ) (4,818 )
Total assets less current liabilities 1,574 1,560

Provisions for liabilities 7 1,070 1,212
Net assets 504 348

Capital and reserves
Called up share capital 8 100 100
Retained earnings 404 248
Shareholders' funds 504 348

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

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

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





Mr C Hannam - Director


DORSET FORGE & FABRICATION LTD (REGISTERED NUMBER: 08667959)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. Statutory information

Dorset Forge & Fabrication Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 08667959. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Morven, Sackmore Lane, Marnhull, Sturminster Newton, Dorset, DT10 1PJ.

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 represents income receivable from forge and fabrication of steel, net of VAT and trade discounts.

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
Computer equipment - 25% on reducing balance

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

DORSET FORGE & FABRICATION LTD (REGISTERED NUMBER: 08667959)

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


4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 September 2023 12,155 4,950 3,609 20,714
Additions - - 1,131 1,131
At 31 August 2024 12,155 4,950 4,740 21,845
Depreciation
At 1 September 2023 8,264 3,384 2,688 14,336
Charge for year 973 391 513 1,877
At 31 August 2024 9,237 3,775 3,201 16,213
Net book value
At 31 August 2024 2,918 1,175 1,539 5,632
At 31 August 2023 3,891 1,566 921 6,378

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 41 20,925
VAT 2,072 -
Prepayments - 361
2,113 21,286

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Tax 5,573 6,499
VAT - 3,381
Directors' current accounts 16,509 22,565
Accruals and deferred income 2,350 2,150
24,432 34,595

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax 1,070 1,212

Deferred
tax
£   
Balance at 1 September 2023 1,212
Credit to Income statement during year (142 )
Balance at 31 August 2024 1,070

DORSET FORGE & FABRICATION LTD (REGISTERED NUMBER: 08667959)

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


8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
75 Ordinary A £1 75 75
25 Ordinary B £1 25 25
100 100

9. Ultimate controlling party

The company is controlled by the director, Mr C Hannam, by virtue of his 75% ownership of the issued voting share capital.