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Registered number: 03203844
De Havilland Fabrication & Welding Limited
Unaudited Financial Statements
For The Year Ended 31 May 2026
Reed Arthur Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03203844
31 May 2026 31 May 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 439,387 472,410
439,387 472,410
CURRENT ASSETS
Stocks 6 30,000 30,000
Debtors 7 1,200,880 994,757
Cash at bank and in hand 483,430 442,178
1,714,310 1,466,935
Creditors: Amounts Falling Due Within One Year 8 (858,758 ) (784,116 )
NET CURRENT ASSETS (LIABILITIES) 855,552 682,819
TOTAL ASSETS LESS CURRENT LIABILITIES 1,294,939 1,155,229
PROVISIONS FOR LIABILITIES
Deferred Taxation (108,682 ) (119,066 )
NET ASSETS 1,186,257 1,036,163
CAPITAL AND RESERVES
Called up share capital 9 100 100
Capital redemption reserve 100 100
Profit and Loss Account 1,186,057 1,035,963
SHAREHOLDERS' FUNDS 1,186,257 1,036,163
Page 1
Page 2
For the year ending 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr W Ryan
Director
10/09/2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
De Havilland Fabrication & Welding Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03203844 . The registered office is Lawrence Land Quarhouse Lane, Brimscombe, Stoud, Gloucestershire, GL5 2RR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% straight line
Plant & Machinery 10% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 34 (2025: 32)
34 32
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2025 1,995
As at 31 May 2026 1,995
Amortisation
As at 1 June 2025 1,995
As at 31 May 2026 1,995
Net Book Value
As at 31 May 2026 -
As at 1 June 2025 -
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Page 5
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 June 2025 10,945 777,089 58,011 30,116 876,161
Additions - 25,924 - 3,756 29,680
As at 31 May 2026 10,945 803,013 58,011 33,872 905,841
Depreciation
As at 1 June 2025 10,945 357,051 14,643 21,112 403,751
Provided during the period - 49,604 10,841 2,258 62,703
As at 31 May 2026 10,945 406,655 25,484 23,370 466,454
Net Book Value
As at 31 May 2026 - 396,358 32,527 10,502 439,387
As at 1 June 2025 - 420,038 43,368 9,004 472,410
6. Stocks
31 May 2026 31 May 2025
£ £
Stock 15,000 15,000
Work in progress 15,000 15,000
30,000 30,000
7. Debtors
31 May 2026 31 May 2025
£ £
Due within one year
Trade debtors 1,155,568 994,757
Other debtors 45,312 -
1,200,880 994,757
8. Creditors: Amounts Falling Due Within One Year
31 May 2026 31 May 2025
£ £
Trade creditors 170,122 178,856
Amounts owed to participating interests 23,576 73,296
Other creditors 444,418 344,174
Taxation and social security 220,642 187,790
858,758 784,116
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9. Share Capital
31 May 2026 31 May 2025
£ £
Allotted, Called up and fully paid 100 100
10. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
31 May 2026 31 May 2025
£ £
Not later than one year 75,678 82,090
Later than one year and not later than five years 76,706 152,384
152,384 234,474
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