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Registration number: 00815148

Dathan Tool & Gauge Co Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Dathan Tool & Gauge Co Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 10

 

Dathan Tool & Gauge Co Limited

Balance Sheet

as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

324

4,212

Tangible assets

5

735,755

831,415

Investments

6

48,715

23,071

 

784,794

858,698

Current assets

 

Stocks

505,848

563,116

Debtors

7

1,407,238

1,609,452

Cash at bank and in hand

 

226,225

166,866

 

2,139,311

2,339,434

Creditors: Amounts falling due within one year

8

(587,578)

(583,928)

Net current assets

 

1,551,733

1,755,506

Total assets less current liabilities

 

2,336,527

2,614,204

Creditors: Amounts falling due after more than one year

8

(13,485)

(23,403)

Provisions for liabilities

(153,074)

(177,937)

Net assets

 

2,169,968

2,412,864

Capital and reserves

 

Allotted, called up and fully paid share capital

22,000

22,000

Profit and loss account

2,147,968

2,390,864

Shareholders' funds

 

2,169,968

2,412,864

Registration number: 00815148

 

Dathan Tool & Gauge Co Limited

Balance Sheet

as at 30 September 2024 (continued)

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and

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

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 June 2025 and signed on its behalf by:
 

.........................................
Mr E M Moorhouse
Company secretary and director

 

Dathan Tool & Gauge Co Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2024

1

General information

The company is a private company limited by shares incorporated in England within the United Kingdom.

The company's registration number is 00815148.

The address of its registered office is:
Mean Lane
Meltham
Holmfirth
West Yorkshire
HD9 5RU

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company's activities.Turnover is shown net of value added tax, returns, rebates and discounts.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have been transferred to the buyer.

 

Dathan Tool & Gauge Co Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to the profit and loss account over the expected useful lives of the relevant assets on a 15% reducing balance basis.

Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

A grant that becomes receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs shall be recognised in income in the period in which it becomes receivable.

Research and development

Research and development expenditure is written off as incurred.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Exchange differences are taken into account in arriving at profit before tax.

Tax

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 is recognised on temporary differences arising between the tax of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost (or deemed cost), less any accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Dathan Tool & Gauge Co Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Improvements to leasehold property

Straight line over the life of the lease

Plant and machinery

15% per annum on a reducing balance basis

Fixtures, fittings and equipment

15% per annum on a reducing balance basis and 20% per annum on a straight line basis

Motor vehicles

25% per annum on a reducing balance basis

Computer equipment

33 1/3% per annum on a straight line basis

Intangible assets

Intangible assets are stated in the balance sheet at cost (or deemed cost) less any accumulated amortisation and accumulated impairment losses.

The cost of any intangibles assets includes directly attributable incremental costs incurred in their acquisition.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Computer software

33 1/3% per annum on a straight line basis

Investments

Investments are recognised initially at cost. Subsequently, they are measured at fair value through the profit or loss if their fair value can be measured reliably.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal levels of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

 

Dathan Tool & Gauge Co Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

Leases

Rentals in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

Hire purchase agreements are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are capitalised and depreciated over their useful lives. Obligations under such agreements are included in creditors net of finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding each period.

Defined contribution pension obligation

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 42 (2023 - 40).

 

Dathan Tool & Gauge Co Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2024 (continued)

4

Intangible assets

Computer software
 £

Total
£

Cost or valuation

At 1 October 2023

11,665

11,665

At 30 September 2024

11,665

11,665

Amortisation

At 1 October 2023

7,453

7,453

Amortisation charge

3,888

3,888

At 30 September 2024

11,341

11,341

Net book value:

At 30 September 2024

324

324

At 30 September 2023

4,212

4,212

 

Dathan Tool & Gauge Co Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2024 (continued)

5

Tangible assets

Improvements to leasehold property
£

Fixtures, fittings and equipment
 £

Motor vehicles
 £

Computer equipment
£

Plant and machinery
 £

Total
£

Cost

At 1 October 2023

31,230

52,813

119,428

158,690

3,166,520

3,528,681

Additions

-

-

42,499

-

15,500

57,999

Disposals

-

-

(36,850)

-

-

(36,850)

At 30 September 2024

31,230

52,813

125,077

158,690

3,182,020

3,549,830

Depreciation

At 1 October 2023

31,230

40,633

53,115

143,078

2,429,210

2,697,266

Charge for the year

-

1,827

19,386

6,245

112,922

140,380

Eliminated on disposal

-

-

(23,571)

-

-

(23,571)

At 30 September 2024

31,230

42,460

48,930

149,323

2,542,132

2,814,075

Net book value

At 30 September 2024

-

10,353

76,147

9,367

639,888

735,755

At 30 September 2023

-

12,180

66,313

15,612

737,310

831,415

 

Dathan Tool & Gauge Co Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2024 (continued)

6

Investments

Total
£

Cost or valuation

At 1 October 2023

23,072

Additions

25,643

At 30 September 2024

48,715

Impairment

At 30 September 2024

-

Carrying amount

At 30 September 2023 and 30 September 2024

48,715

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

1,191,731

1,382,693

Amounts owed by group undertakings and undertakings in which the company has a participating interest

97,273

133,071

Prepayments and accrued income

 

26,723

27,693

Other debtors

 

91,511

65,995

   

1,407,238

1,609,452


Debtors falling due after more than one year are £52,221 (2023: £96,861).

 

Dathan Tool & Gauge Co Limited

Notes to the Unaudited Financial Statements

for the Year Ended 30 September 2024 (continued)

8

Creditors

2024
£

2023
£

Due within one year

Bank borrowings

10,648

10,648

Trade creditors

357,374

378,292

Taxation and social security

24,055

22,509

Accruals and deferred income

123,103

77,442

Corporation tax

-

7,778

Directors' loan accounts

72,398

87,259

587,578

583,928

Due after one year

Bank borrowings

13,485

23,403

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £91,499 (2023 - £156,146).