Doel Engineering Limited - Accounts to registrar (filleted) - small 18.2
Doel Engineering Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 March 2019 to 31 August 2020 |
| for |
| DOEL ENGINEERING LIMITED |
| DOEL ENGINEERING LIMITED (REGISTERED NUMBER: 01177646) |
| Contents of the Financial Statements |
| for the period 1 March 2019 to 31 August 2020 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| DOEL ENGINEERING LIMITED |
| Company Information |
| for the period 1 March 2019 to 31 August 2020 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Coopers House |
| 65a Wingletye Lane |
| Hornchurch |
| Essex |
| RM11 3AT |
| DOEL ENGINEERING LIMITED (REGISTERED NUMBER: 01177646) |
| Statement of Financial Position |
| 31 August 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Current assets |
| Debtors | 5 |
| Partnership net current assets | 6 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current assets |
| Total assets less current liabilities |
| Provisions for liabilities | 9 |
| Net assets |
| Capital and reserves |
| Called up share capital | 10 |
| Share premium |
| Other reserves |
| Retained earnings |
| Shareholders' funds |
| The director acknowledges his 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. |
| 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 director and authorised for issue on |
| DOEL ENGINEERING LIMITED (REGISTERED NUMBER: 01177646) |
| Notes to the Financial Statements |
| for the period 1 March 2019 to 31 August 2020 |
| 1. | Statutory information |
| Doel Engineering Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
| 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 |
| Leasehold improvements | - |
| Plant and machinery | - |
| Motor vehicles | - |
| 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. |
| Current asset investments |
| Investments in subsidiary, associates and jointly controlled entities are included at fair value. The share of profit or loss from the Lustrells Close LLP, for its accounting period ending within the accounting period of the company, is included in the accounts of that period of the company as a value adjustment. |
| Long term contracts |
| Profit on long-term contracts is taken as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs incurred to date bear to total expected costs for that contract. Revenues derived from variations on contracts are recognised only when they have been accepted by the customer. Full provision is made for losses on all contracts in the year in which they are first foreseen. |
| 3. | Employees and directors |
| The average number of employees during the period was |
| DOEL ENGINEERING LIMITED (REGISTERED NUMBER: 01177646) |
| Notes to the Financial Statements - continued |
| for the period 1 March 2019 to 31 August 2020 |
| 4. | Tangible fixed assets |
| Leasehold | Plant and | Motor |
| improvements | machinery | vehicles | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 March 2019 |
| and 31 August 2020 |
| Depreciation |
| At 1 March 2019 |
| Charge for period |
| At 31 August 2020 |
| Net book value |
| At 31 August 2020 |
| At 28 February 2019 |
| 5. | Debtors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | Partnership net current assets |
| Partnership net current assets comprise the following: |
| 31.08.20 | 28.02.19 |
| £ | £ |
| Stocks | - | 51,274 |
| Debtors | - | 3,966 |
| Bank | - | 1,473 |
| - | 56,713 |
| Less: creditors | - | (507 | ) |
| Net current assets | - | 56,206 |
| The company terminated in's membership of Denton Drive LLP on 7 May 2020. |
| 7. | Creditors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| DOEL ENGINEERING LIMITED (REGISTERED NUMBER: 01177646) |
| Notes to the Financial Statements - continued |
| for the period 1 March 2019 to 31 August 2020 |
| 8. | Leasing agreements |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2020 | 2019 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 9. | Provisions for liabilities |
| 2020 | 2019 |
| £ | £ |
| Deferred tax | 4,947 | 2,616 |
| Deferred |
| tax |
| £ |
| Balance at 1 March 2019 |
| Provided during period |
| Balance at 31 August 2020 |
| 10. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 250 | 250 |
| 11. | Director's advances, credits and guarantees |
| The following advances and credits to a director subsisted during the periods ended 31 August 2020 and 28 February 2019: |
| 2020 | 2019 |
| £ | £ |
| Balance outstanding at start of period | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of period | ( |
) |
| 12. | Related party disclosures |
| The premises from which the company operates is owned by Doel Engineering Limited Discretionary Pension Scheme. An occupational lease has been granted to the company at an annual rent of £55,000. |
| Included in debtors due within one year is an amount of £51,547 (2019 - £51,032) due from Pullen Converting, a business in which the director is a partner. |
| Included within other debtors due within one year is a balance of £51,500 due from Iris Photonics Ltd, a company incorporated within the UK, in which the director has a material interest. |