Company Registration No. 04009716 (England and Wales)
THE DUCTWORK MANUFACTURING COMPANY LIMITED
Unaudited accounts
for the year ended 30 June 2021
THE DUCTWORK MANUFACTURING COMPANY LIMITED
Unaudited accounts
Contents
THE DUCTWORK MANUFACTURING COMPANY LIMITED
Company Information
for the year ended 30 June 2021
Directors
Mr B Mark
Mr I Mark
Company Number
04009716 (England and Wales)
Registered Office
3 GREYSTONES ROAD
BEARSTED
MAIDSTONE
KENT
ME15 8PD
ENGLAND
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
THE DUCTWORK MANUFACTURING COMPANY LIMITED
Statement of financial position
as at 30 June 2021
Tangible assets
1,102
1,386
Cash at bank and in hand
-
12,449
Creditors: amounts falling due within one year
(46,496)
(43,885)
Net current liabilities
(32,213)
(16,114)
Total assets less current liabilities
(31,111)
(14,728)
Creditors: amounts falling due after more than one year
(10,183)
(12,783)
Net liabilities
(41,294)
(27,511)
Called up share capital
100
100
Profit and loss account
(41,394)
(27,611)
Shareholders' funds
(41,294)
(27,511)
For the year ending 30 June 2021 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2022 and were signed on its behalf by
Mr B Mark
Director
Company Registration No. 04009716
THE DUCTWORK MANUFACTURING COMPANY LIMITED
Notes to the Accounts
for the year ended 30 June 2021
THE DUCTWORK MANUFACTURING COMPANY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04009716. The registered office is 3 GREYSTONES ROAD, BEARSTED, MAIDSTONE, KENT, ME15 8PD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance basis
Computer equipment
20% reducing balance basis
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
THE DUCTWORK MANUFACTURING COMPANY LIMITED
Notes to the Accounts
for the year ended 30 June 2021
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2020
265
2,572
2,837
At 30 June 2021
265
2,572
2,837
At 1 July 2020
129
1,322
1,451
Charge for the year
34
250
284
At 30 June 2021
163
1,572
1,735
At 30 June 2021
102
1,000
1,102
At 30 June 2020
136
1,250
1,386
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
2,812
-
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
9,365
217
Taxes and social security
2,699
12,966
Other creditors
11,100
11,102
Loans from directors
14,356
17,750
7
Creditors: amounts falling due after more than one year
2021
2020
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).