General Information
Derwentdale Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 01999307, registration address Unit 26 Stella Gill Industrial Estate, Chester-le-Street, Co Durham, DH2 2RG.
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(1A) 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 going concern and 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.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
15% Reducing Balance
|
| Motor Vehicles |
25% Reducing Balance
|
| Fixtures and Fittings |
15% Reducing Balance
|
| Computer Equipment |
3 years Straight Line
|
| Leasehold property improvement |
15% Reducing Balance |
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Average number of employees
Average number of employees during the year was 17 (2024 : 17).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Leasehold property improvement |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 January 2025 |
1,015,947 |
|
59,202 |
|
16,784 |
|
14,157 |
|
10,383 |
|
1,116,473 |
| Additions |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| At 31 December 2025 |
1,015,947 |
|
59,202 |
|
16,784 |
|
14,157 |
|
10,383 |
|
1,116,473 |
| Depreciation |
| At 01 January 2025 |
866,161 |
|
51,410 |
|
12,197 |
|
11,628 |
|
9,769 |
|
951,165 |
| Charge for year |
22,468 |
|
1,948 |
|
689 |
|
2,284 |
|
92 |
|
27,481 |
| On disposals |
- |
|
- |
|
- |
|
- |
|
- |
|
- |
| At 31 December 2025 |
888,629 |
|
53,358 |
|
12,886 |
|
13,912 |
|
9,861 |
|
978,646 |
| Net book values |
| Closing balance as at 31 December 2025 |
127,318 |
|
5,844 |
|
3,898 |
|
245 |
|
522 |
|
137,827 |
| Opening balance as at 01 January 2025 |
149,786 |
|
7,792 |
|
4,587 |
|
2,529 |
|
615 |
|
165,309 |
|
| 4. |
Stocks
|
2025
£ |
|
2024
£ |
| Work in Progress |
111,189 |
|
104,352 |
| Stocks |
10,680 |
|
8,812 |
|
121,869 |
|
113,164 |
|
| 5. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
101,432 |
|
122,513 |
| Prepayments & Accrued Income |
4,291 |
|
10,449 |
| Other Debtors |
1,508 |
|
11 |
| Corporation Tax |
0 |
|
35 |
|
107,231 |
|
133,008 |
|
| 6. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
48,354 |
|
12,992 |
| PAYE & Social Security |
16,189 |
|
9,595 |
| Accrued Expenses |
3,100 |
|
5,682 |
| Deferred Grants |
87 |
|
103 |
| Obligations under HP/Financial Leases |
2,333 |
|
28,000 |
| Directors' Current Accounts |
30,000 |
|
0 |
| VAT |
28,601 |
|
31,979 |
|
128,664 |
|
88,351 |
|
| 7. |
Creditors: amount falling due after more than one year
|
2025
£ |
|
2024
£ |
| Deferred Grants |
495 |
|
582 |
| Obligations Under HP/Financial Leases |
0 |
|
2,333 |
|
495 |
|
2,915 |
|
| 8. |
Provisions for liabilities
|
2025
£ |
|
2024
£ |
| Deferred Tax |
24,288 |
|
35,577 |
| Charged to Profit & Loss |
0 |
|
(5,373) |
|
24,288 |
|
30,204 |
|
| 9. |
Directors advances, credits and guarantees
Included in creditors: amounts due within one year, are amounts owed to the Directors of £30,000 (2024 - £NIL)
|
2
|