Direct Engineering & Site Services Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04983141

Direct Engineering & Site Services Ltd

Filleted Unaudited Abridged Financial Statements

31 January 2025

Direct Engineering & Site Services Ltd

Abridged Financial Statements

Year Ended 31 January 2025

Contents	Page

Abridged statement of financial position	1

Notes to the abridged financial statements	3

Direct Engineering & Site Services Ltd

Abridged Statement of Financial Position

31 January 2025

	2025		2024
Note	£	£	£

Fixed Assets

Tangible assets	6		954,720	986,888

Current Assets

Stocks	107,050	103,750
Debtors	1,093,599	1,097,194
Cash at bank and in hand	868,106	1,763,972
	------------	------------
	2,068,755	2,964,916

Creditors: amounts falling due within one year	895,679		1,003,704
	------------		------------
Net Current Assets		1,173,076	1,961,212
		------------	------------
Total Assets Less Current Liabilities		2,127,796	2,948,100

Creditors: amounts falling due after more than one year		6,077	76,680

Provisions	200,140	202,690
	------------	------------
Net Assets	1,921,579	2,668,730
	------------	------------

Capital and Reserves

Called up share capital	7	100	100
Profit and loss account		1,921,479	2,668,630
		------------	------------
Shareholders Funds		1,921,579	2,668,730
		------------	------------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 January 2025 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 abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

Direct Engineering & Site Services Ltd

Abridged Statement of Financial Position (continued)

31 January 2025

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 January 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 29 August 2025 , and are signed on behalf of the board by:

Mrs L Clifford

Director

Company registration number: 04983141

Direct Engineering & Site Services Ltd

Notes to the Abridged Financial Statements

Year Ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Units 1-4 Highlands Place, Foxwood Road, Sheepbridge, Chesterfield, S41 9RN.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is recognised in the profit and loss account when, and to the extent that, the company obtains a right to consideration in exchange for its performance. A right to consideration is obtained when some, but not all, of its contractual obligations have been fulfilled. Where the company has partially performed its contractual obligations, it recognises revenue to the extent that it has obtained the right to consideration through its performance. Recoverable on Contracts The value of work in progress comprises the costs incurred on contracts plus an appropriate proportion of overheads and attributable profit. Fees invoiced on account are deducted from the value of work in progress and the balance is separately disclosed in trade and other receivables as amounts recoverable on contracts, unless such fees exceed the value of work in progress on any contract when the excess is separately disclosed in trade and other payables as fees invoiced in advance. Profit is recognised on a percentage completion basis when the outcome of a contract or project can be reasonable foreseen. Provision is made in full for estimated losses. Where the outcome of a contract cannot be reasonably foreseen, profit is taken on completion.

Income 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 in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold improvements	-	50 years straight line
Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	25% reducing balance

	Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Government grants

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 38 (2024: 37 ).

5. Intangible assets

	£
Cost
At 1 February 2024 and 31 January 2025	120,000
	---------
Amortisation
At 1 February 2024 and 31 January 2025	120,000
	---------
Carrying amount
At 31 January 2025	–
	---------
At 31 January 2024	–
	---------

6. Tangible assets

	£
Cost
At 1 February 2024	2,224,873
Additions	211,155
Disposals	( 85,642)
	------------
At 31 January 2025	2,350,386
	------------
Depreciation
At 1 February 2024	1,237,985
Charge for the year	194,969
Disposals	( 37,288)
	------------
At 31 January 2025	1,395,666
	------------
Carrying amount
At 31 January 2025	954,720
	------------
At 31 January 2024	986,888
	------------

7. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	17,283	13,107
Later than 1 year and not later than 5 years	66,949	26,795
Later than 5 years	5,579	6,562
	--------	--------
	89,811	46,464
	--------	--------

9. Controlling party

The company is under the control of Direct Engineering Holdings Ltd , a company incorporated in England and Wales under company number 16018891. The registered office address is Highland Place, Foxwood Industrial Park, Chesterfield, England S41 9RN.