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REGISTERED NUMBER: 02721894 (England and Wales)

















DIRECTOR'S REPORT AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

D & H ENGINEERING LIMITED

D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Director's Report 2

Report of the Independent Auditors 3

Income Statement 6

Other Comprehensive Income 7

Statement of Financial Position 8

Statement of Changes in Equity 9

Notes to the Financial Statements 10


D & H ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: Mr R Koslicki





REGISTERED OFFICE: Unit 36-38 Great Central Street
Leicester
Leicestershire
LE1 4JT





REGISTERED NUMBER: 02721894 (England and Wales)





INDEPENDENT AUDITORS: Watergates Ltd (Statutory Auditor)
109 Coleman Road
Leicester
Leicestershire
LE5 4LE

D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

DIRECTOR'S REPORT
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


The director presents his report with the financial statements of the Company for the year ended 30th September 2024.

PRINCIPAL ACTIVITY
The principal activity of the Company in the year under review was that of the production of precision machined components for engineering and allied trades.

DIVIDENDS
No dividends will be distributed for the year ended 30th September 2024.

DIRECTOR
Mr R Koslicki held office during the whole of the period from 1st October 2023 to the date of this report.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the director is required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the director is aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the Company's auditors are unaware, and he has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

AUDITORS
The auditors, Watergates Ltd (Statutory Auditor), will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





Mr R Koslicki - Director


29th July 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
D & H ENGINEERING LIMITED


Opinion
We have audited the financial statements of D & H Engineering Limited (the 'Company') for the year ended 30th September 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
_
In our opinion the financial statements:
-give a true and fair view of the state of the Company's affairs as at 30th September 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information
The director is responsible for the other information. The other information comprises the information in the Director's Report, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Director's Report has been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
D & H ENGINEERING LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Director's Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of director's remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of director
As explained more fully in the Statement of Director's Responsibilities set out on page two, the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The extent to which the audit was considered capable of detecting irregularities including fraud
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of the sector, we also considered the nature of the company's industry and it's control environment;

- we focused on laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including the Companies Act 2006 and taxation legislation; as well as laws and regulations which do not have a direct effect on the financial statements but compliance with which may be fundamental to the company's ability to operate or avoid a material penalty. These included GDPR and health & safety legislation;


REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
D & H ENGINEERING LIMITED

- we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.


We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

- considering and testing of the key internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations, as well as substantive procedures.


To address the risk of fraud through management bias and override of controls, we performed analytical procedures to identify any unusual or unexpected relationships; tested journal entries to identify unusual transactions; assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and investigated the rationale behind significant or unusual transactions.


In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

- agreeing financial statement disclosures to underlying supporting documentation;

- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

- reading the minutes of meetings of those charged with governance;

- enquiring of management as to actual and potential litigation and claims; and

- reviewing correspondence with HMRC, relevant regulators and the company's legal advisors.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Nazir Malida FCCA (Senior Statutory Auditor)
for and on behalf of Watergates Ltd (Statutory Auditor)
109 Coleman Road
Leicester
Leicestershire
LE5 4LE

29th July 2025

D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

INCOME STATEMENT
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £   

TURNOVER 3,449,166 4,559,958

Cost of sales (2,967,195 ) (3,625,112 )
GROSS PROFIT 481,971 934,846

Administrative expenses (474,266 ) (474,279 )
7,705 460,567

Other operating income 11,206 1,089
OPERATING PROFIT 5 18,911 461,656

Interest receivable and similar income 6,728 -
25,639 461,656

Interest payable and similar expenses 6 - (1,616 )
PROFIT BEFORE TAXATION 25,639 460,040

Tax on profit 7 (6,427 ) (109,128 )
PROFIT FOR THE FINANCIAL YEAR 19,212 350,912

D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

OTHER COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £   

PROFIT FOR THE YEAR 19,212 350,912


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

19,212

350,912

D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £   
FIXED ASSETS
Intangible assets 8 1 222
Tangible assets 9 206,135 215,243
Investments 10 328,971 328,971
535,107 544,436

CURRENT ASSETS
Stocks 11 237,442 302,951
Debtors 12 763,392 1,118,850
Cash at bank and in hand 406,580 377,254
1,407,414 1,799,055
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

13

(545,855

)

(963,760

)
NET CURRENT ASSETS 861,559 835,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,396,666

1,379,731

PROVISIONS FOR LIABILITIES 14 (51,534 ) (53,811 )
NET ASSETS 1,345,132 1,325,920

CAPITAL AND RESERVES
Called up share capital 15 100 100
Share premium 16 16,236 16,236
Retained earnings 16 1,328,796 1,309,584
SHAREHOLDERS' FUNDS 1,345,132 1,325,920

The financial statements were approved by the director and authorised for issue on 29th July 2025 and were signed by:





Mr R Koslicki - Director


D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

Called up
share Retained Share Total
capital earnings premium equity
£    £    £    £   
Balance at 1st October 2022 100 958,672 16,236 975,008

Changes in equity
Total comprehensive income - 350,912 - 350,912
Balance at 30th September 2023 100 1,309,584 16,236 1,325,920

Changes in equity
Total comprehensive income - 19,212 - 19,212
Balance at 30th September 2024 100 1,328,796 16,236 1,345,132

D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

D & H Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The Company is exempt under Section 401 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as the Company is included in the consolidated financial statements of its parent, D & H Services SP Zoo and these financial statements may be obtained from ul. Slowackiego199A, 80-298 Gdansk, Poland.

FINANCIAL REPORTING STANDARD 102 - REDUCED DISCLOSURE EXEMPTIONS
The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d);
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and
11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23;
the requirement of paragraph 33.7.

This information is included in the consolidated financial statements of D&H Services Sp Zoo as at 30th September 2024 and these financial statements may be obtained from ul. Slowackiego 199A, 80298 Gdansk, Poland.

GOING CONCERN
The company uses liquid resources and working capital balances that arise directly from its operations. The company seeks to manage financial risk by ensuring sufficient liquidity is available to meet foreseeable needs. Liquidity is monitored regularly by reference to forecasts and available facilities.

Turnover and profitability has reduced during the year. However the entity is still profitable and its net asset position is healthy.

The director has reviewed future projections and prepared cash flow forecasts and sensitivity analysis, which he feels adequately reflects the current uncertain economic environment.The directors are satisfied that there will be sufficient cash resources generated from its operations to enable the company to continue without the requirement for any new external finance.

After considering all relevant uncertainties, the director has a reasonable expectation that the company has adequate resources to continue as a going concern for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

TURNOVER
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
- the Company has transferred the significant risks and rewards of ownership to the buyer;
- the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Software Development are being amortised evenly over their estimated useful life of five years.

TANGIBLE FIXED ASSETS
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - 5% - 25% per annum on cost
Motor vehicles - 10% - 33% per annum on cost
Office equipment - 25% - 33% per annum on cost

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. Work in progress and finished goods include labour and attributable overheads.

At each Balance Sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.

DEBTORS
Short term debtors are measured at 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 creditors are measured at the 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.

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 and 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 debtors and creditors, 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 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 at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Investments in non-convertible preference shares and in non-puttable ordinary and preference shares are measured:
- at fair value with changes recognised in the Income Statement if the shares are publicly traded or their fair value can otherwise be measured reliably;
- at cost less impairment for all other investments.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income Statement.


D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the Balance Sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

RESEARCH AND DEVELOPMENT
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from one to three years reflecting the period of use for the relevant customer project.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

FOREIGN CURRENCIES
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Income Statement except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Income Statement within 'finance income or costs'.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the lease term.

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.

3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Some of the amounts included in the financial statements involve the use of judgements and/or estimation. These judgements and estimates are based on the director's experience and using his best knowledge of the relevant facts and circumstances. Actual results may differ from the amounts included in the financial statements. Information about such judgements and estimations is contained in the accounting policies and/or notes to the financial statements.

Judgements in applying accounting policies:
The director must judge whether all of the conditions required for turnover to be recognised in profit and loss for the financial year, as set out in note 2 above, have been met.

Sources of estimation uncertainty:
Depreciation rates are based on estimates of the useful lives and residual values of the assets involved.

Determining whether stock values are recoverable requires estimations based on up to date trading information. The director uses his knowledge of the business, the trading environment and future projections to assess whether provision is necessary in these areas.

4. EMPLOYEES AND DIRECTORS
30/9/24 30/9/23
£    £   
Wages and salaries 1,092,872 1,079,482
Social security costs 107,117 103,711
Other pension costs 22,593 22,672
1,222,582 1,205,865

D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


4. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
30/9/24 30/9/23

Employees 34 35

30/9/24 30/9/23
£    £   
Director's remuneration 12,000 12,000
Director's pension contributions to money purchase schemes 360 360

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 1 1

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

30/9/24 30/9/23
£    £   
Depreciation - owned assets 87,463 85,584
Profit on disposal of fixed assets (500 ) (6,083 )
Software Development amortisation 221 1,337
Auditors' remuneration 8,819 8,725
Taxation compliance services 1,500 1,500
Foreign exchange differences 12,172 7,917

6. INTEREST PAYABLE AND SIMILAR EXPENSES
30/9/24 30/9/23
£    £   
Interest on other loans - 1,616

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30/9/24 30/9/23
£    £   
Current tax:
UK corporation tax 8,704 75,979

Deferred tax (2,277 ) 33,149
Tax on profit 6,427 109,128

D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


7. TAXATION - continued

RECONCILIATION OF TOTAL TAX CHARGE INCLUDED IN PROFIT AND LOSS
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

30/9/24 30/9/23
£    £   
Profit before tax 25,639 460,040
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 22%)

6,410

101,209

Effects of:
Expenses not deductible for tax purposes 30 -
Capital allowances in excess of depreciation - (25,230 )
Depreciation in excess of capital allowances 2,276 -
Deferred tax (2,277 ) 33,149
Less marginal relief (12 ) -
Total tax charge 6,427 109,128

8. INTANGIBLE FIXED ASSETS
Software
Development
£   
COST
At 1st October 2023
and 30th September 2024 20,383
AMORTISATION
At 1st October 2023 20,161
Amortisation for year 221
At 30th September 2024 20,382
NET BOOK VALUE
At 30th September 2024 1
At 30th September 2023 222

D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


9. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st October 2023 1,188,255 11,982 36,160 1,236,397
Additions 75,473 - 2,882 78,355
Disposals (103,760 ) - - (103,760 )
At 30th September 2024 1,159,968 11,982 39,042 1,210,992
DEPRECIATION
At 1st October 2023 980,427 11,982 28,745 1,021,154
Charge for year 84,269 - 3,194 87,463
Eliminated on disposal (103,760 ) - - (103,760 )
At 30th September 2024 960,936 11,982 31,939 1,004,857
NET BOOK VALUE
At 30th September 2024 199,032 - 7,103 206,135
At 30th September 2023 207,828 - 7,415 215,243

10. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st October 2023
and 30th September 2024 328,971
NET BOOK VALUE
At 30th September 2024 328,971
At 30th September 2023 328,971

The Company's investments at the Statement of Financial Position date in the share capital of companies include the following:

D & H Engineering (Poland) Sp Zoo
Registered office: Poland
Class of shares: Ordinary
Holding: 95.05%

D & H Manufacturing (Poland) Sp Zoo
Registered office: Poland
Class of shares: Ordinary
Holding: 95.05%

D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


11. STOCKS
30/9/24 30/9/23
£    £   
Raw materials and consumables 101,936 107,760
Work-in-progress 73,839 48,827
Finished goods 61,667 146,364
237,442 302,951

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 623,381 965,882
Amounts owed by group undertakings 126,056 131,129
Other debtors - 1,125
Prepayments and accrued income 13,955 20,714
763,392 1,118,850

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade creditors 330,936 715,252
Amounts owed to group undertakings 23,519 449
Corporation tax 8,672 75,979
Social security and other taxes 25,091 25,069
VAT 85,827 76,162
Wages control account 355 427
Other creditors 28,390 29,081
Accruals and deferred income 43,065 41,341
545,855 963,760

14. PROVISIONS FOR LIABILITIES
30/9/24 30/9/23
£    £   
Deferred tax
Accelerated capital allowances 51,534 53,811

Deferred
tax
£   
Balance at 1st October 2023 53,811
Credit to Income Statement during year (2,277 )
Balance at 30th September 2024 51,534

D & H ENGINEERING LIMITED (REGISTERED NUMBER: 02721894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/9/24 30/9/23
value: £    £   
100 Ordinary 1 100 100

There is a single class of ordinary shares. There are no restrictions on dividends and the repayment of capital.

16. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1st October 2023 1,309,584 16,236 1,325,820
Profit for the year 19,212 19,212
At 30th September 2024 1,328,796 16,236 1,345,032

17. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

18. ULTIMATE CONTROLLING PARTY

The Company's parent undertaking is D & H Services SP Zoo which is registered in Poland. The ultimate controlling party are the shareholders of the parent entity.