DQD Engineering Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09298478 (England and Wales)

Financial Statements

for the Year Ended 31 January 2021

for

DQD Engineering Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

R Dixon

REGISTERED OFFICE:

Unit 12 Sandown Centre

White Horse Business Park

Trowbridge

Wiltshire

BA14 OXD

REGISTERED NUMBER:

09298478 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

4

34,143

31,661

CURRENT ASSETS

Debtors

5

208,296

291,698

Cash at bank

493,854

50,024

702,150

341,722

CREDITORS

Amounts falling due within one year

6

337,122

195,064

NET CURRENT ASSETS

365,028

146,658

TOTAL ASSETS LESS CURRENT LIABILITIES

399,171

178,319

CREDITORS

Amounts falling due after more than one year

7

(105,129

)

(19,548

)

PROVISIONS FOR LIABILITIES

(5,149

)

(4,592

)

NET ASSETS

288,893

154,179

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

288,783

154,069

SHAREHOLDERS' FUNDS

288,893

154,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2021 and were signed by:

R Dixon - Director

1.	STATUTORY INFORMATION

DQD Engineering Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 20% on reducing balance

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2020

75,414

Additions

12,636

Disposals

(2,303

)

At 31 January 2021

85,747

DEPRECIATION

At 1 February 2020

43,753

Charge for year

10,154

Eliminated on disposal

(2,303

)

At 31 January 2021

51,604

NET BOOK VALUE

At 31 January 2021

34,143

At 31 January 2020

31,661

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Trade debtors

184,077

267,315

Other debtors

24,219

24,383

208,296

291,698

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.21

31.1.20

£

£

Trade creditors

154,204

90,716

Other creditors

182,918

104,348

337,122

195,064

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.21

31.1.20

£

£

Other creditors

105,129

19,548