Dutton Engineering (Woodside) Limited - Accounts to registrar (filleted) - small 18.2
Dutton Engineering (Woodside) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 30 September 2021 |
| for |
| Dutton Engineering (Woodside) Limited |
| Dutton Engineering (Woodside) Limited (Registered number: 01732907) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2021 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| Dutton Engineering (Woodside) Limited |
| Company Information |
| for the Year Ended 30 September 2021 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Certified Accountants |
| and Registered Auditor |
| 40 Kimbolton Road |
| Bedford |
| Bedfordshire |
| MK40 2NR |
| Dutton Engineering (Woodside) Limited (Registered number: 01732907) |
| Statement of Financial Position |
| 30 September 2021 |
| 30.9.21 | 30.9.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Revaluation reserve | 11 |
| Capital redemption reserve |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Dutton Engineering (Woodside) Limited (Registered number: 01732907) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2021 |
| 1. | STATUTORY INFORMATION |
| Dutton Engineering (Woodside) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Revenue recognition |
| Turnover in respect of long-term contracts is recognised by reference to the stage of completion. |
| Turnover shown in the profit and loss account represents the value of work done in the year, including estimates of amounts not invoiced. |
| Tangible fixed assets |
| Long leasehold | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Office equipment & furniture | - |
| Tangible fixed assets are carried at cost less depreciation except that a leasehold property is included at a revalued amount. The valuation was undertaken in June 1997. This valuation has not been updated in respect of these financial statements. |
| Stocks |
| 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 items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| Dutton Engineering (Woodside) Limited (Registered number: 01732907) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2021 |
| 3. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| 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 end 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis 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. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements |
| Long | to | Plant and |
| leasehold | property | machinery |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 October 2020 |
| Additions |
| At 30 September 2021 |
| DEPRECIATION |
| At 1 October 2020 |
| Charge for year |
| At 30 September 2021 |
| NET BOOK VALUE |
| At 30 September 2021 |
| At 30 September 2020 |
| Dutton Engineering (Woodside) Limited (Registered number: 01732907) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2021 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Office |
| Motor | equipment |
| vehicles | & furniture | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 October 2020 |
| Additions |
| At 30 September 2021 |
| DEPRECIATION |
| At 1 October 2020 |
| Charge for year |
| At 30 September 2021 |
| NET BOOK VALUE |
| At 30 September 2021 |
| At 30 September 2020 |
| Cost or valuation at 30 September 2021 is represented by: |
| Improvements |
| Long | to | Plant and |
| leasehold | property | machinery |
| £ | £ | £ |
| Valuation in 1997 | 26,588 | - | - |
| Cost | 345,896 | 60,090 | 2,608,133 |
| 372,484 | 60,090 | 2,608,133 |
| Office |
| Motor | equipment |
| vehicles | & furniture | Totals |
| £ | £ | £ |
| Valuation in 1997 | - | - | 26,588 |
| Cost | 101,168 | 201,110 | 3,316,397 |
| 101,168 | 201,110 | 3,342,985 |
| If leasehold property had not been revalued it would have been included at the following historical cost: |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Cost | 345,896 | 345,896 |
| Aggregate depreciation | 102,711 | 98,441 |
| Dutton Engineering (Woodside) Limited (Registered number: 01732907) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2021 |
| 6. | STOCKS |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Stocks |
| Work-in-progress |
| 7. | DEBTORS |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Directors' current accounts | 11,279 | 11,279 |
| Tax |
| Prepayments & accrued income |
| Amounts falling due after more than one year: |
| Tax |
| Aggregate amounts |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 56,006 | 45,201 |
| Other creditors |
| Directors' current accounts | - | 993 |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Bank loans - 1-2 years |
| Hire purchase contracts |
| Dutton Engineering (Woodside) Limited (Registered number: 01732907) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2021 |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Bank loans |
| Hire purchase contracts | 435,580 | 557,172 |
| The bank overdraft and flexible business loan are secured by a first legal charge over the leasehold property at Middlefield Industrial Estate, Sandy, Bedfordshire dated 30 September 1991. |
| The company's bankers also hold a legal charge, dated 21 October 2010, over the company's leasehold property known as Unit 1A Tyne Road, Sandy in respect of all monies due to the bank. |
| Amounts due under hire purchase contracts are secured over the assets to which they relate. |
| 11. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 October 2020 |
| Realisation of revaluation |
| reserve | (329 | ) |
| At 30 September 2021 |
| 12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 13. | OTHER FINANCIAL COMMITMENTS |
| The company's leasehold premises are held under a long-term lease which is due to expire on 25 March 2079. The ground rent is subject to 10 yearly reviews and is currently payable at £42,800 per annum. |
| Dutton Engineering (Woodside) Limited (Registered number: 01732907) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2021 |
| 14. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 September 2021 and 30 September 2020: |
| 30.9.21 | 30.9.20 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| The loan is interest free and there are no fixed terms for repayment. |