DONLAND ENGINEERING LIMITED 30/06/2022 iXBRL
DONLAND ENGINEERING LIMITED 30/06/2022 iXBRL
Company registration number:
00940666
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Accountants |
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Abacus House | ||
68a North Street | ||
Romford | ||
Essex | ||
RM1 1DA | ||
Statement of financial position
30 June 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
19 August 2022
, and are signed on behalf of the board by:
Director
Company registration number:
00940666
Notes to the financial statements
Year ended 30 June 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Abacus House, 68a North Street, Romford, Essex, RM1 1DA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Computer Equipment and IT | - |
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reducing balance | |
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
22
(2021:
18
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5.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 July 2021 |
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Additions |
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At 30 June 2022 |
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Depreciation | ||||
At 1 July 2021 |
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Charge for the year |
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At 30 June 2022 |
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Carrying amount | ||||
At 30 June 2022 |
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At 30 June 2021 |
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6.
Debtors
2022 | 2021 | |||
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Trade debtors |
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Other debtors |
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7.
Creditors: amounts falling due within one year
2022 | 2021 | |||
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Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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8.
Creditors: amounts falling due after more than one year
2022 | 2021 | |||
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Bank loans and overdrafts |
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The bank loan due within one year of £62,500 and after one year of £171,875 is secured by a fixed and floating charge over the company's assets.
9.
Directors advances, credits and guarantees
The balance owing to the directors at the year end amounted to £54,218 (2021 - £43,312).
10.
Related party transactions
The related party transactions are with Stowson Limited a company in which Mr R Wistow is a director.Donland Engineering made purchases from Stowson Limited of £1,127,306 (2021 - £845,326). Donland Engineering Limited made sales to Stowson Limited of £15,742 (2021 - £12,475).The net balance payable to Stowson Limited at the year end was £218,756 (2021 - £64,395).