DOMUS ENGINEERING LTD

Company Registration Number:
04493678 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

DOMUS ENGINEERING LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

DOMUS ENGINEERING LTD

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 131,639 198,990
Investments: 4 1,645,658 1,645,658
Total fixed assets: 1,777,297 1,844,648
Current assets
Stocks: 804,980 752,757
Debtors:   3,792,196 5,185,721
Cash at bank and in hand: 3,084,553 3,152,983
Total current assets: 7,681,729 9,091,461
Creditors: amounts falling due within one year: 5 (4,685,519) (6,154,546)
Net current assets (liabilities): 2,996,210 2,936,915
Total assets less current liabilities: 4,773,507 4,781,563
Provision for liabilities: (32,500) (50,000)
Total net assets (liabilities): 4,741,007 4,731,563
Capital and reserves
Called up share capital: 50,000 50,000
Profit and loss account: 4,691,007 4,681,563
Shareholders funds: 4,741,007 4,731,563

The notes form part of these financial statements

DOMUS ENGINEERING LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 May 2025
and signed on behalf of the board by:

Name: R J NEWSON
Status: Director

The notes form part of these financial statements

DOMUS ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, stated net of discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is calculated to write down the cost of all tangible fixed assets by equal annual instalments over their expected useful lives. The rates generally applicable are: Plant and equipment - 20% on cost Motor vehicles - 10% on cost

Other accounting policies

Stock Stock is valued at the lower of cost and net realisable value. Debtors Short term debtors are measured at the 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. Creditors Short term trade creditors are measured at 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. 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 and deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax 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 difference between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using the tax rates that have been enacted or substantively enacted by the reporting date. Financial instruments The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable or payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted are a market rate of interest for a similar debt instrument and subsequently at amortised cost. Pension costs and other post retirement benefits The company operates a defined contribution pension scheme. Contributions payable to the company’s scheme are charged to profit and loss in the period to which they relate.

DOMUS ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 7 6

DOMUS ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 1,036,752
At 31 May 2024 1,036,752
Depreciation
At 01 June 2023 837,762
Charge for year 67,351
At 31 May 2024 905,113
Net book value
At 31 May 2024 131,639
At 31 May 2023 198,990

DOMUS ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Fixed investments

Investments (neither listed nor unlisted) were as follows: Brands £1,645,658 £1,645,658

DOMUS ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

Trade creditors £972,680 £1,980,849 Corporation tax £163,763 £357,228 Other taxes and social security costs £169,516 £124,730 Sundry creditors £345,868 £314,623 Amounts due to group undertakings £291,097 £243,134 Directors' current account £267,117 £396,660 Accruals £2,475,478 £2,737,322

DOMUS ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Related party transactions

Balances with related parties at the year end are as follows: Amounts due to the company Aquaforce Group Limited £1,223,889 £1,841,565 Amounts due by the company Aquaforce International Limited £291,097 £243,134 Domus Assets LLP £314,499 £314,499 During the period under review management charges totalling £196,000 (2023: £105,000) were charged by Aquaforce Group Limited. Balances with related parties arise from inter company funding and are unsecured with no fixed repayment date