General Information
N.J. Doyne Limited is a private company, limited by shares, registered in England and Wales, registration number 03377621, registration address Silver Birches Yard, Reading Road Padworth Common, Reading, Berkshire, RG7 4QL.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised at the point the service has been provided having been adjusted for accrued and deferred income.
Operating lease agreements
Rentals paid under operating leases are charged to profit or loss on a straight line casis over the period of the lease.
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.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 taxation
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 and 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.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and Machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% reducing balance
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
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 subsequently measured at amortised costs using the effective interest method.
|
| 2. |
Average number of employees
Average number of employees during the year was 7 (2024 : 6).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Land and Buildings |
|
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 April 2024 |
1,186,076 |
|
450,979 |
|
345,413 |
|
5,982 |
|
484 |
|
1,988,934 |
| Additions |
- |
|
- |
|
32,012 |
|
- |
|
- |
|
32,012 |
| Disposals |
- |
|
- |
|
(186,950) |
|
- |
|
- |
|
(186,950) |
| At 31 March 2025 |
1,186,076 |
|
450,979 |
|
190,475 |
|
5,982 |
|
484 |
|
1,833,996 |
| Depreciation |
| At 01 April 2024 |
- |
|
384,970 |
|
275,694 |
|
5,873 |
|
430 |
|
666,967 |
| Charge for year |
- |
|
16,502 |
|
17,504 |
|
27 |
|
14 |
|
34,047 |
| On disposals |
- |
|
- |
|
(159,800) |
|
- |
|
- |
|
(159,800) |
| At 31 March 2025 |
- |
|
401,472 |
|
133,398 |
|
5,900 |
|
444 |
|
541,214 |
| Net book values |
| Closing balance as at 31 March 2025 |
1,186,076 |
|
49,507 |
|
57,077 |
|
82 |
|
40 |
|
1,292,782 |
| Opening balance as at 01 April 2024 |
1,186,076 |
|
66,009 |
|
69,719 |
|
109 |
|
54 |
|
1,321,967 |
The net book value of Motor Vehicles includes £ 0 (2024 £9,173) in respect of assets leased under finance leases or hire purchase contracts.
| valuation of land and buildings at 31.03.2025 is represented by: | | 2025
£ | | 2024
£ |
|---|
| cost | | 243,646 | | 243,646 | | valuation 2021 | | 942,430 | | 942,430 | | | 1,186,076 | | 1,186,076 |
|---|
|
| 4. |
Debtors: amounts falling due within one year
| . |
|
2025
£ |
|
2024
£ |
| Trade Debtors |
|
1,912 |
|
552,148 |
| Amounts Owed by Group Undertakings |
|
530,000 |
|
700,000 |
| Prepayments & Accrued Income |
|
9,628 |
|
1,060 |
| Other Debtors |
|
245,000 |
|
295,000 |
| VAT |
|
- |
|
973 |
|
|
786,540 |
|
1,549,181 |
|
| 5. |
Creditors: amounts falling due within one year
| . |
|
2025
£ |
|
2024
£ |
| Trade Creditors |
|
13,266 |
|
10,193 |
| Amounts Owed to Group Undertakings |
|
- |
|
970,000 |
| Corporation Tax |
|
46,936 |
|
125,427 |
| PAYE & Social Security |
|
1,745 |
|
1,912 |
| Accrued Expenses |
|
3,227 |
|
2,915 |
| Other Creditors |
|
1,265 |
|
1,190 |
| Obligations under HP/Financial Leases |
|
- |
|
5,073 |
| VAT |
|
35,504 |
|
- |
|
|
101,943 |
|
1,116,710 |
|
| 6. |
Provisions for liabilities
| . |
|
2025
£ |
|
2024
£ |
| Deferred Tax |
|
197,098 |
|
203,566 |
|
|
197,098 |
|
203,566 |
|
| 7. |
Revaluation Reserves
| . |
|
2025
£ |
|
2024
£ |
| Revaluation Reserve b/fwd |
|
942,430 |
|
942,430 |
|
|
942,430 |
|
942,430 |
|
| 8. |
Leasing agreements
| Minimum lease payments under hire purchase contracts fall due as follows |
|
2025
£ |
|
2024
£ |
| Within one year |
|
- |
|
5,073 |
| Between one and five years |
|
- |
|
- |
|
|
- |
|
5,073 |
|
| 9. |
Secured debts
| The following secured debts are included within creditors: |
|
2025
£ |
|
2024
£ |
| Hire purchase contracts |
|
- |
|
5,073 |
There is also a fixed and floating charge in place over all property and assets of the company in favour of Metro Bank Plc.
|
| 10. |
Controlling party
The controlling party is Doyne Group Limited.
|
2
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