D & G Fabrications Ltd - Accounts to registrar (filleted) - small 23.2.5

D & G Fabrications Ltd - Accounts to registrar (filleted) - small 23.2.5

D & G FABRICATIONS LTD - Company Information

Print Friendly Version

IRIS Accounts Production v24.1.4.33 11569815 Board of Directors 1.10.22 30.9.23 30.9.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115698152022-09-30115698152023-09-30115698152022-10-012023-09-30115698152021-09-30115698152021-10-012022-09-30115698152022-09-3011569815ns15:EnglandWales2022-10-012023-09-3011569815ns14:PoundSterling2022-10-012023-09-3011569815ns10:Director12022-10-012023-09-3011569815ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3011569815ns10:SmallEntities2022-10-012023-09-3011569815ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3011569815ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3011569815ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3011569815ns10:FullAccounts2022-10-012023-09-301156981512022-10-012023-09-3011569815ns10:Director22022-10-012023-09-3011569815ns10:Director32022-10-012023-09-3011569815ns10:CompanySecretary12022-10-012023-09-3011569815ns10:RegisteredOffice2022-10-012023-09-3011569815ns5:CurrentFinancialInstruments2023-09-3011569815ns5:CurrentFinancialInstruments2022-09-3011569815ns5:Non-currentFinancialInstruments2023-09-3011569815ns5:Non-currentFinancialInstruments2022-09-3011569815ns5:ShareCapital2023-09-3011569815ns5:ShareCapital2022-09-3011569815ns5:RetainedEarningsAccumulatedLosses2023-09-3011569815ns5:RetainedEarningsAccumulatedLosses2022-09-3011569815ns5:NetGoodwill2022-10-012023-09-3011569815ns5:IntangibleAssetsOtherThanGoodwill2022-10-012023-09-3011569815ns5:PlantMachinery2022-10-012023-09-3011569815ns5:ComputerEquipment2022-10-012023-09-3011569815ns5:NetGoodwill2022-09-3011569815ns5:NetGoodwill2023-09-3011569815ns5:NetGoodwill2022-09-3011569815ns5:PlantMachinery2022-09-3011569815ns5:ComputerEquipment2022-09-3011569815ns5:PlantMachinery2023-09-3011569815ns5:ComputerEquipment2023-09-3011569815ns5:PlantMachinery2022-09-3011569815ns5:ComputerEquipment2022-09-3011569815ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3011569815ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-30
REGISTERED NUMBER: 11569815 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 September 2023

for

D & G Fabrications Ltd
D & G Fabrications Ltd (Registered number: 11569815)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D & G Fabrications Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr. D.M. Cullen
Mr DP Walker
Mrs DE Walker





SECRETARY: Mr. D.M. Cullen





REGISTERED OFFICE: The Shipyard Complex
Carr Street
Selby
North Yorkshire
YO8 8AP





REGISTERED NUMBER: 11569815 (England and Wales)





ACCOUNTANTS: SMH BCL Accountants Ltd
2, Pavillion Business Park
Royds Hall Road
Lower Wortley
Leeds
LS12 6AJ
Page 1
D & G Fabrications Ltd (Registered number: 11569815)

Balance Sheet
30 September 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 1 101
Tangible assets 5 181,398 66,125
181,399 66,226

CURRENT ASSETS
Stocks 40,000 45,000
Debtors 6 449,599 302,990
Cash at bank 179,781 254,429
669,380 602,419
CREDITORS
Amounts falling due within one year 7 340,556 366,708
NET CURRENT ASSETS 328,824 235,711
TOTAL ASSETS LESS CURRENT LIABILITIES 510,223 301,937

CREDITORS
Amounts falling due after more than one
year
8
(36,032
)
(27,442
)

PROVISIONS FOR LIABILITIES (37,222 ) (10,388 )
NET ASSETS 436,969 264,107

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 436,869 264,007
SHAREHOLDERS' FUNDS 436,969 264,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
D & G Fabrications Ltd (Registered number: 11569815)

Balance Sheet - continued
30 September 2023


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 18 June 2024 and were signed on its behalf by:





Mr. D.M. Cullen - Director


The notes form part of these financial statements

Page 3
D & G Fabrications Ltd (Registered number: 11569815)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

D & G Fabrications 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Computer equipment - 20% on cost

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 balance sheet date.


Page 4 continued...
D & G Fabrications Ltd (Registered number: 11569815)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
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.

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 15 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 October 2022
and 30 September 2023 500
AMORTISATION
At 1 October 2022 399
Amortisation for year 100
At 30 September 2023 499
NET BOOK VALUE
At 30 September 2023 1
At 30 September 2022 101

Page 5 continued...
D & G Fabrications Ltd (Registered number: 11569815)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£ £ £
COST
At 1 October 2022 100,963 2,706 103,669
Additions 153,959 - 153,959
Disposals (17,000 ) - (17,000 )
At 30 September 2023 237,922 2,706 240,628
DEPRECIATION
At 1 October 2022 36,280 1,264 37,544
Charge for year 21,147 539 21,686
At 30 September 2023 57,427 1,803 59,230
NET BOOK VALUE
At 30 September 2023 180,495 903 181,398
At 30 September 2022 64,683 1,442 66,125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 428,749 285,337
Other debtors 20,850 17,653
449,599 302,990

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,077 9,829
Hire purchase contracts 9,187 -
Trade creditors 206,880 227,810
Taxation and social security 103,981 97,123
Other creditors 10,431 31,946
340,556 366,708

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 17,365 27,442
Hire purchase contracts 18,667 -
36,032 27,442

Page 6