Company registration number 07369242 (England and Wales)
DUNN BROTHERS MACHINERY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
DUNN BROTHERS MACHINERY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
DUNN BROTHERS MACHINERY LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
27,342
46,116
Current assets
Debtors
4
802,139
786,643
Cash at bank and in hand
3,172
802,139
789,815
Creditors: amounts falling due within one year
5
(954,463)
(964,415)
Net current liabilities
(152,324)
(174,600)
Total assets less current liabilities
(124,982)
(128,484)
Creditors: amounts falling due after more than one year
6
(5,358)
(17,894)
Provisions for liabilities
(26,888)
Net liabilities
(130,340)
(173,266)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(130,440)
(173,366)
Total equity
(130,340)
(173,266)
DUNN BROTHERS MACHINERY LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024
30 September 2024
- 2 -
For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 27 June 2025 and are signed on its behalf by:
Mr K S Dunn
Director
Company registration number 07369242 (England and Wales)
DUNN BROTHERS MACHINERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
1
Accounting policies
Company information
Dunn Brothers Machinery Limited is a private company limited by shares incorporated in England and Wales. The registered office is No 4 Castle Court 2, Castlegate Way, Dudley, West Midlands, DY1 4RH.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
12.5% straight line
Fixtures, fittings & equipment
12.5% straight line
Motor vehicles
20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
DUNN BROTHERS MACHINERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023
228,469
Additions
2,370
At 30 September 2024
230,839
Depreciation and impairment
At 1 October 2023
182,353
Depreciation charged in the year
21,144
At 30 September 2024
203,497
Carrying amount
At 30 September 2024
27,342
At 30 September 2023
46,116
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,441
1,817
Other debtors
799,698
784,826
802,139
786,643
DUNN BROTHERS MACHINERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 5 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
11,637
8,400
Trade creditors
2,577
5,232
Taxation and social security
2,422
Other creditors
940,249
948,361
954,463
964,415
Other creditors includes an amount owed to the two directors. At the balance sheet date the amount owed by the company was £900,730 (2023 £901,821).
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
5,358
11,872
Other creditors
6,022
5,358
17,894
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Prior period adjustment
Reconciliation of changes in equity
1 October
30 September
2022
2023
Notes
£
£
Adjustments to prior year
Sale of container
1
-
(126,625)
Equity as previously reported
(11,299)
(46,641)
Equity as adjusted
(11,299)
(173,266)
Analysis of the effect upon equity
Profit and loss reserves
-
(126,625)
DUNN BROTHERS MACHINERY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
8
Prior period adjustment
(Continued)
- 6 -
Reconciliation of changes in loss for the previous financial period
2023
Notes
£
Adjustments to prior year
Sale of container
1
(126,625)
Loss as previously reported
(35,342)
Loss as adjusted
(161,967)
Notes to reconciliation
A container was sold in the prior year. This was treated as sales incorrectly and was the sale of a fixed asset. A prior year adjustment has been included to remove the asset.