REGISTERED NUMBER: 08809354 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

DBS ENGINEERING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D R Blakey

Mr S P Byrne

Mr K B Sheppard

SECRETARY:

Mr S P Byrne

REGISTERED OFFICE:

8 Colne Way Court

Watford

WD24 7NE

REGISTERED NUMBER:

08809354 (England and Wales)

ACCOUNTANTS:

Meades Group Limited

39 The Metro Centre

Tolpits Lane

Watford

Hertfordshire

WD18 9SB

FIXED ASSETS

Tangible assets

4

3,510

49,410

CURRENT ASSETS

Debtors

5

48,186

386,783

Cash at bank

160

33,332

48,346

420,115

CREDITORS

Amounts falling due within one year

6

1,864,852

1,827,105

NET CURRENT LIABILITIES

(1,816,506

)

(1,406,990

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,812,996

)

(1,357,580

)

CREDITORS

Amounts falling due after more than one year

7

(47,501

)

(224,342

)

PROVISIONS FOR LIABILITIES

(667

)

-

NET LIABILITIES

(1,861,164

)

(1,581,922

)

CAPITAL AND RESERVES

Called up share capital

875

875

Capital redemption reserve

125

125

Retained earnings

(1,862,164

)

(1,582,922

)

(1,861,164

)

(1,581,922

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th September 2025 and were signed on its behalf by:

Mr D R Blakey - Director

1.	STATUTORY INFORMATION

DBS Engineering Ltd 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.

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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis, on the assumption that the company will continue to trade for the foreseeable future, despite it having net current liabilities of £1,816,506 (2023 - £1,406,990) as at the balance sheet date.

The directors consider the going concern basis to be appropriate as, in their opinion, the company will be able to secure sufficient funding to enable it to pay its debts as they fall due.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over 10 years

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1st January 2024

10,356

1,371

106,023

117,750

Disposals

-

-

(106,023

)

(106,023

)

At 31st December 2024

10,356

1,371

-

11,727

DEPRECIATION

At 1st January 2024

6,216

830

61,294

68,340

Charge for year

1,036

135

-

1,171

Eliminated on disposal

-

-

(61,294

)

(61,294

)

At 31st December 2024

7,252

965

-

8,217

NET BOOK VALUE

At 31st December 2024

3,104

406

-

3,510

At 31st December 2023

4,140

541

44,729

49,410

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

35,633

242,339

Other debtors

-

8,460

VAT repayable

-

19,214

PAYE/NI repayable

12,553

116,770

48,186

386,783

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

173,407

123,872

Other loans

160,590

55,335

Hire purchase contracts (see note 8)

-

31,594

Trade creditors

302,115

503,187

Corporation tax

-

200

Social security and other taxes

4,530

-

VAT

3,061

-

Other creditors

-

6,380

Net wages

-

6,482

Credit card balances

-

10,888

DBS Managed Services Limited

491,723

491,723

David Blakey Services Limited

77,904

62,789

DBS Mechanical and Electrical

Ltd

643,787

493,206

Accrued expenses

7,735

41,449

1,864,852

1,827,105

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans more than a year

47,501

117,500

Other loans more than a year

-

106,842

47,501

224,342

8.	LEASING AGREEMENTS

The company's hire purchase commitments relate to motor vehicles and finished in 2024.