Don Valley Eng. Constr. Ltd - Accounts to registrar (filleted) - small 18.2
Don Valley Eng. Constr. Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Don Valley Engineering Construction |
| Limited |
| Financial Statements For The Year Ended 31 July 2020 |
| Don Valley Engineering Construction |
| Limited (Registered number: 03856995) |
| Contents of the Financial Statements |
| For The Year Ended 31 July 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Don Valley Engineering Construction |
| Limited |
| Company Information |
| For The Year Ended 31 July 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| Sidings Court |
| Lakeside |
| Doncaster |
| South Yorkshire |
| DN4 5NU |
| BANKERS: |
| 14 Commercial Street |
| Sheffield |
| South Yorkshire |
| S1 2AT |
| Don Valley Engineering Construction |
| Limited (Registered number: 03856995) |
| Balance Sheet |
| 31 July 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 |
| Don Valley Engineering Construction |
| Limited (Registered number: 03856995) |
| Notes to the Financial Statements |
| For The Year Ended 31 July 2020 |
| 1. | STATUTORY INFORMATION |
| Don Valley Engineering Construction Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is the total value of work completed in the year together with the value of incomplete contracts for the supply and installation of goods. |
| In assessing the likely outcome of contracts, account is taken of overhead recovery and any expected costs to complete the contract and for subsequent works necessary under the contract to cover warranty and reworking. |
| Tangible fixed assets |
| Plant and machinery | - |
| Motor vehicles | - |
| Depreciation is charged following the month of acquisition. |
| 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 |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
| held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| 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 the profit and loss account in the period to which they relate. |
| Don Valley Engineering Construction |
| Limited (Registered number: 03856995) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 July 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| Grants |
| Grants received in respect of revenue expenditure are credited to the profit and loss account in the year to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 August 2019 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 July 2020 |
| DEPRECIATION |
| At 1 August 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 July 2020 |
| NET BOOK VALUE |
| At 31 July 2020 |
| At 31 July 2019 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Amounts recoverable on |
| contracts | 349,452 | 261,211 |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation |
| Social security and other taxes |
| Other creditors |
| Payments on account |
| Accrued expenses |
| Don Valley Engineering Construction |
| Limited (Registered number: 03856995) |
| Notes to the Financial Statements - continued |
| For The Year Ended 31 July 2020 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Hire purchase contracts |
| 8. | SECURED DEBTS |
| The hire purchase contracts are secured on the assets to which they relate. |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 2,000 | 2,000 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 11. | CONTINGENT LIABILITIES |
| There is in place a cross guarantee and debenture between the company and the parent undertaking, Don Valley Engineering Group Limited and three other subsidiaries of the parent undertaking, Don Valley Engineering Company Limited, Cleeve Materials Handling Limited and Don Valley Engineering Holdings Limited dated 27 March 2019. At the year end, there was no indebtedness to the bank (2019: nil) |
| 12. | 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. |
| 13. | PARENT UNDERTAKING AND ULTIMATE HOLDING COMPANY |
| The parent undertaking and ultimate holding company is Don Valley Engineering Group Limited, a private company, limited by shares, registered in England and Wales. The registered office is; Sandall Stones Road, Kirk Sandall, Doncaster, DN3 1QR. |
| 14. | COVID-19 |
| Covid-19 has not impacted currently on workforce working on sites but there could be implications if measures are implemented locally that may delay flow of work. The directors however consider the company's current financial position and orders place it in a strong position to deal with any such restrictions if implemented. |