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REGISTERED NUMBER: SC772620 (Scotland)

















Unaudited Financial Statements

for the Period

14 June 2023 to 30 June 2024

for

D & F Engineering Services Limited

D & F Engineering Services Limited (Registered number: SC772620)






Contents of the Financial Statements
for the Period 14 June 2023 to 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


D & F Engineering Services Limited

Company Information
for the Period 14 June 2023 to 30 June 2024







DIRECTOR: G A Morris





REGISTERED OFFICE: 14 Rutland Square
Edinburgh
EH1 2BD





REGISTERED NUMBER: SC772620 (Scotland)





ACCOUNTANTS: Gibson McKerrell Burrows Limited
28 Rutland Square
Edinburgh
EH1 2BW

D & F Engineering Services Limited (Registered number: SC772620)

Statement of Financial Position
30 June 2024

Notes £    £   
FIXED ASSETS
Investments 4 35

CURRENT ASSETS
Debtors 5 209,164
Cash at bank and in hand 60,151
269,315
CREDITORS
Amounts falling due within one year 6 142,166
NET CURRENT ASSETS 127,149
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,184

CAPITAL AND RESERVES
Called up share capital 70
Retained earnings 127,114
SHAREHOLDERS' FUNDS 127,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2025 and were signed by:





G A Morris - Director


D & F Engineering Services Limited (Registered number: SC772620)

Notes to the Financial Statements
for the Period 14 June 2023 to 30 June 2024

1. STATUTORY INFORMATION

D & F Engineering Services Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about D & F Engineering Services Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is attributable to the company's principal activity of engineering consultancy services.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and payables, loans from banks and other third parties.

At the end of each reporting period, financial assets that are measured at cost are assessed for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in the Income Statement.

Financial assets are derecognised when (a) the contractual rights to the cash flows arising from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party, or (c) control of the asset has been transferred to another party.

Financial liabilities are measured at amortised cost less any accumulated impairment losses. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the period 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.


D & F Engineering Services Limited (Registered number: SC772620)

Notes to the Financial Statements - continued
for the Period 14 June 2023 to 30 June 2024

2. ACCOUNTING POLICIES - continued
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 period 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.

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 period was 5 .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 35
At 30 June 2024 35
NET BOOK VALUE
At 30 June 2024 35

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 95,767
Other debtors 3,282
LG Fine Jewellery Ltd 110,115
209,164

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 2,017
Corporation tax 108,704
VAT 26,098
Directors' current accounts 966
Accruals and deferred income 4,381
142,166

D & F Engineering Services Limited (Registered number: SC772620)

Notes to the Financial Statements - continued
for the Period 14 June 2023 to 30 June 2024

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 June 2024:

£   
G A Morris
Balance outstanding at start of period -
Amounts advanced 207,969
Amounts repaid (208,935 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (966 )

8. RELATED PARTY DISCLOSURES

During the period, total dividends of £199,000 were paid to the director .

Included in Debtors is a loan of £110,397 to LG Fine Jewellery Ltd, a 50% subsidiary with the remaining 50% held by a director.