Company Registration No. 05082323 (England and Wales)
Dean Engineering Consultants Limited
Unaudited accounts
for the year ended 31 March 2021
Dean Engineering Consultants Limited
Unaudited accounts
Contents
Dean Engineering Consultants Limited
Company Information
for the year ended 31 March 2021
Company Number
05082323 (England and Wales)
Registered Office
51 Wilmslow Road
Cheadle
Stockport
Cheshire
SK8 1HG
England
Accountants
SJM Accounting Services
51 Wilmslow Road
Cheadle
Stockport
Cheshire
SK8 1HG
Dean Engineering Consultants Limited
Statement of financial position
as at 31 March 2021
Investments
153,075
142,499
Cash at bank and in hand
114,496
106,740
Creditors: amounts falling due within one year
(64,014)
(79,439)
Net current assets
208,123
173,549
Total assets less current liabilities
208,208
173,662
Provisions for liabilities
Net assets
208,192
173,641
Called up share capital
2
2
Profit and loss account
208,190
173,639
Shareholders' funds
208,192
173,641
For the year ending 31 March 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 director acknowledges his 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 and authorised for issue on 20 June 2021 and were signed on its behalf by
SP Dean
Director
Company Registration No. 05082323
Dean Engineering Consultants Limited
Notes to the Accounts
for the year ended 31 March 2021
Dean Engineering Consultants Limited is a private company, limited by shares, registered in England and Wales, registration number 05082323. The registered office is 51 Wilmslow Road, Cheadle, Stockport, Cheshire, SK8 1HG, England. The principal place of business is 90 Somerville Road, Leicester, LE3 2EU, 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 which is the functional currency of the company.
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
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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.
Investments in listed shares are included at cost.
Loans made via peer to peer lending are included at the latest valuations, including interest received less costs and write offs in respect of defaulters.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Dean Engineering Consultants Limited
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
488
297
2,598
3,383
At 31 March 2021
488
297
2,598
3,383
At 1 April 2020
428
244
2,598
3,270
Charge for the year
15
13
-
28
At 31 March 2021
443
257
2,598
3,298
At 31 March 2021
45
40
-
85
At 31 March 2020
60
53
-
113
Work in progress
1,200
800
6
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
582
549
7
Investments held as current assets
2021
2020
Listed investments
79,997
49,997
Unlisted investments
73,078
92,502
Current asset investments comprise of:
Portfolio of quoted shares £79,997 (2020: £49,997) at cost
Peer to peer lending £73,078 (2020: £92,502) at latest valuation
Dean Engineering Consultants Limited
Notes to the Accounts
for the year ended 31 March 2021
8
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
280
-
Taxes and social security
13,711
8,042
Loans from directors
40,815
67,027
9
Deferred taxation
2021
2020
Accelerated capital allowances
16
21
Provision at start of year
21
29
Credited to the profit and loss account
(5)
(8)
Provision at end of year
16
21
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
11
Transactions with related parties
SP Dean (director and shareholder)
Dividends paid in the year £23,500 (2020: £46,613)
Loan account owed to SP Dean £40,815 (2020: £67,027)
12
Average number of employees
During the year the average number of employees was 2 (2020: 2).
