IRIS Accounts Production v24.3.2.46 04437203 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044372032023-12-31044372032024-12-31044372032024-01-012024-12-31044372032022-12-31044372032023-01-012023-12-31044372032023-12-3104437203ns15:EnglandWales2024-01-012024-12-3104437203ns14:PoundSterling2024-01-012024-12-3104437203ns10:Director12024-01-012024-12-3104437203ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104437203ns10:SmallEntities2024-01-012024-12-3104437203ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3104437203ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104437203ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104437203ns10:FullAccounts2024-01-012024-12-3104437203ns10:Director22024-01-012024-12-3104437203ns10:CompanySecretary12024-01-012024-12-3104437203ns10:RegisteredOffice2024-01-012024-12-3104437203ns5:CurrentFinancialInstruments2024-12-3104437203ns5:CurrentFinancialInstruments2023-12-3104437203ns5:Non-currentFinancialInstruments2024-12-3104437203ns5:Non-currentFinancialInstruments2023-12-3104437203ns5:ShareCapital2024-12-3104437203ns5:ShareCapital2023-12-3104437203ns5:RetainedEarningsAccumulatedLosses2024-12-3104437203ns5:RetainedEarningsAccumulatedLosses2023-12-3104437203ns5:LandBuildings2023-12-3104437203ns5:PlantMachinery2023-12-3104437203ns5:LandBuildings2024-01-012024-12-3104437203ns5:PlantMachinery2024-01-012024-12-3104437203ns5:LandBuildings2024-12-3104437203ns5:PlantMachinery2024-12-3104437203ns5:LandBuildings2023-12-3104437203ns5:PlantMachinery2023-12-3104437203ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3104437203ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3104437203ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-3104437203ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-31
REGISTERED NUMBER: 04437203 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

DRAGON MACHINERY LIMITED

DRAGON MACHINERY LIMITED (REGISTERED NUMBER: 04437203)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DRAGON MACHINERY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs H P Roberts
S B Roberts





SECRETARY: Mrs H P Roberts





REGISTERED OFFICE: Calinda
Penygarreg Lane
Pant
Oswestry
SY10 8JS





REGISTERED NUMBER: 04437203 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG

DRAGON MACHINERY LIMITED (REGISTERED NUMBER: 04437203)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 49,501 67,165

CURRENT ASSETS
Stocks 71,004 66,211
Debtors 6 17,751 39,763
Cash at bank and in hand 147,598 134,850
236,353 240,824
CREDITORS
Amounts falling due within one year 7 52,636 46,088
NET CURRENT ASSETS 183,717 194,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,218

261,901

CREDITORS
Amounts falling due after more than one
year

8

(13,318

)

(23,475

)

PROVISIONS FOR LIABILITIES (5,883 ) (14,105 )
NET ASSETS 214,017 224,321

CAPITAL AND RESERVES
Called up share capital 29,002 29,002
Retained earnings 185,015 195,319
214,017 224,321

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DRAGON MACHINERY LIMITED (REGISTERED NUMBER: 04437203)

BALANCE SHEET - continued
31 DECEMBER 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 Board of Directors and authorised for issue on 10 April 2025 and were signed on its behalf by:





Mrs H P Roberts - Director


DRAGON MACHINERY LIMITED (REGISTERED NUMBER: 04437203)

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

1. STATUTORY INFORMATION

Dragon Machinery Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Going Concern
The financial statements have been prepared on a going concern basis as the directors are of the opinion that the Company will be able to pay its liabilities as and when they fall due.

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.

Short Leasehold 2% on straight line
Plant and machinery 25 % on reducing balance
Motor vehicles 25% on reducing balance
Computer equipment 33% on straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost.

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.


DRAGON MACHINERY LIMITED (REGISTERED NUMBER: 04437203)

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

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 - 216,496 216,496
Additions 21,927 2,166 24,093
Disposals - (46,794 ) (46,794 )
At 31 December 2024 21,927 171,868 193,795
DEPRECIATION
At 1 January 2024 - 149,331 149,331
Charge for year 439 9,330 9,769
Eliminated on disposal - (14,806 ) (14,806 )
At 31 December 2024 439 143,855 144,294
NET BOOK VALUE
At 31 December 2024 21,488 28,013 49,501
At 31 December 2023 - 67,165 67,165

DRAGON MACHINERY LIMITED (REGISTERED NUMBER: 04437203)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 8,147 36,948
VAT 5,471 -
Prepayments 3,795 2,473
Accrued interest 338 342
17,751 39,763

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 9,928 9,698
Trade creditors 17,019 11,893
Tax 21,277 13,830
Social security and other taxes 3,250 1,977
VAT - 7,286
Company credit card 1,162 1,404
52,636 46,088

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 2-5 years 13,318 23,475

9. OTHER FINANCIAL COMMITMENTS

The company had rental commitments at 31 December 2024 of £2,000 (2023: £2,000).

10. RELATED PARTY DISCLOSURES

During the year dividends of £50,000 were paid to directors of the company (2023: £86,700)