8 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 3069124 2023-07-01 2024-06-30 3069124 2024-06-30 3069124 2023-06-30 3069124 2022-07-01 2023-06-30 3069124 2023-06-30 3069124 2022-06-30 3069124 core:LandBuildings core:LongLeaseholdAssets 2023-07-01 2024-06-30 3069124 core:PlantMachinery 2023-07-01 2024-06-30 3069124 core:FurnitureFittings 2023-07-01 2024-06-30 3069124 core:MotorVehicles 2023-07-01 2024-06-30 3069124 bus:Director1 2023-07-01 2024-06-30 3069124 bus:Director2 2023-07-01 2024-06-30 3069124 core:LandBuildings 2023-06-30 3069124 core:PlantMachinery 2023-06-30 3069124 core:FurnitureFittings 2023-06-30 3069124 core:MotorVehicles 2023-06-30 3069124 core:LandBuildings 2024-06-30 3069124 core:PlantMachinery 2024-06-30 3069124 core:FurnitureFittings 2024-06-30 3069124 core:MotorVehicles 2024-06-30 3069124 core:WithinOneYear 2024-06-30 3069124 core:WithinOneYear 2023-06-30 3069124 core:AfterOneYear 2024-06-30 3069124 core:AfterOneYear 2023-06-30 3069124 core:ShareCapital 2024-06-30 3069124 core:ShareCapital 2023-06-30 3069124 core:RetainedEarningsAccumulatedLosses 2024-06-30 3069124 core:RetainedEarningsAccumulatedLosses 2023-06-30 3069124 core:LandBuildings 2023-07-01 2024-06-30 3069124 core:LandBuildings 2023-06-30 3069124 core:PlantMachinery 2023-06-30 3069124 core:FurnitureFittings 2023-06-30 3069124 core:MotorVehicles 2023-06-30 3069124 bus:SmallEntities 2023-07-01 2024-06-30 3069124 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 3069124 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 3069124 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 3069124 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 3069124
D & A FABRICATIONS LTD.
Filleted Unaudited Financial Statements
30 June 2024
D & A FABRICATIONS LTD.
Financial Statements
Year ended 30 June 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
D & A FABRICATIONS LTD.
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
22,777
28,512
Current assets
Stocks
51,625
40,175
Debtors
6
126,833
23,050
Cash at bank and in hand
624,560
510,268
---------
---------
803,018
573,493
Creditors: amounts falling due within one year
7
377,186
298,450
---------
---------
Net current assets
425,832
275,043
---------
---------
Total assets less current liabilities
448,609
303,555
Creditors: amounts falling due after more than one year
8
9,640
19,062
Provisions
Taxation including deferred tax
5,689
7,121
---------
---------
Net assets
433,280
277,372
---------
---------
Capital and reserves
Called up share capital
2
2
Profit and loss account
433,278
277,370
---------
---------
Shareholders funds
433,280
277,372
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
D & A FABRICATIONS LTD.
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 7 March 2025 , and are signed on behalf of the board by:
D Woodman
C Woodman
Director
Director
Company registration number: 3069124
D & A FABRICATIONS LTD.
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bank House, 266/268 Chapel Street, Salford, Manchester, M3 5JZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Property improvements
-
25% reducing balance
Plant and machinery
-
15% reducing balance
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 8 ).
5. Tangible assets
Property improvements
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 July 2023 and 30 June 2024
8,244
190,728
10,594
99,993
309,559
-------
---------
--------
--------
---------
Depreciation
At 1 July 2023
8,216
176,797
9,081
86,953
281,047
Charge for the year
7
2,089
379
3,260
5,735
-------
---------
--------
--------
---------
At 30 June 2024
8,223
178,886
9,460
90,213
286,782
-------
---------
--------
--------
---------
Carrying amount
At 30 June 2024
21
11,842
1,134
9,780
22,777
-------
---------
--------
--------
---------
At 30 June 2023
28
13,931
1,513
13,040
28,512
-------
---------
--------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
121,681
20,172
Other debtors
5,152
2,878
---------
--------
126,833
23,050
---------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,268
10,824
Trade creditors
101,302
166,410
Social security and other taxes
159,901
56,474
Other creditors
105,715
64,742
---------
---------
377,186
298,450
---------
---------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
9,640
19,062
-------
--------
9. Directors' advances, credits and guarantees
2024 2023
£ £
Directors loan account 89,126 49,957
-------- --------
No interest has been charged to the company in respect of the loan which is repayable on demand and is classified within creditors.
10. Related party transactions
The company was under the control of Mr D Woodman throughout the current and previous year.