Dappat Engineering Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01430334 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2023

for

Dappat Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S A Krebs

S Chestney

REGISTERED OFFICE:

69 Hodgson Street

Kingston Upon Hull

Hull

Yorkshire

HU8 7JB

REGISTERED NUMBER:

01430334 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,106,380

1,187,346

CURRENT ASSETS

Stocks

148,213

123,596

Debtors

5

1,917,626

1,835,250

Cash at bank and in hand

468,539

347,416

2,534,378

2,306,262

CREDITORS

Amounts falling due within one year

6

697,506

622,415

NET CURRENT ASSETS

1,836,872

1,683,847

TOTAL ASSETS LESS CURRENT LIABILITIES

2,943,252

2,871,193

CREDITORS

Amounts falling due after more than one year

7

(460,000

)

-

PROVISIONS FOR LIABILITIES

(38,778

)

(50,843

)

NET ASSETS

2,444,474

2,820,350

CAPITAL AND RESERVES

Called up share capital

4,000

4,000

Capital redemption reserve

1,200

1,200

Retained earnings

2,439,274

2,815,150

SHAREHOLDERS' FUNDS

2,444,474

2,820,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 3 January 2024 and were signed on its behalf by:

S A Krebs - Director

S Chestney - Director

1.	STATUTORY INFORMATION

Dappat Engineering Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of VAT and trade discounts. Turnover is recognised at the point of delivery or collection.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on cost and 10% on cost

Stocks

Stocks and work in progress are valued at the estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2022

1,261,309

2,100,805

3,362,114

Additions

-

3,707

3,707

At 31 July 2023

1,261,309

2,104,512

3,365,821

DEPRECIATION

At 1 August 2022

353,167

1,821,601

2,174,768

Charge for year

25,226

59,447

84,673

At 31 July 2023

378,393

1,881,048

2,259,441

NET BOOK VALUE

At 31 July 2023

882,916

223,464

1,106,380

At 31 July 2022

908,142

279,204

1,187,346

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Trade debtors

714,947

642,375

Amounts owed by group undertakings

1,164,747

1,164,662

Other debtors

37,932

28,213

1,917,626

1,835,250

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.23

31.7.22

£

£

Bank loans and overdrafts

40,000

-

Trade creditors

281,176

257,753

Taxation and social security

346,777

327,280

Other creditors

29,553

37,382

697,506

622,415

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.23

31.7.22

£

£

Bank loans

460,000

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.23

31.7.22

£

£

Bank loans

500,000

-

The bank loan is secured by way of fixed and floating charges over the assets of the company.

9.	RELATED PARTY DISCLOSURES

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.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Elajam Limited, there is no ultimate controlling party.