Don Valley Materials Handling Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12500721 (England and Wales)

Don Valley Materials Handling Limited

Financial Statements For The Period 5 March 2020 to 31 July 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Priestley

I A Atkinson

I Trotter

R Baker

S Doleman

L Ashurst

REGISTERED OFFICE:

Sandall Stones Road

Kirk Sandall

Doncaster

DN3 1QR

REGISTERED NUMBER:

12500721 (England and Wales)

SENIOR STATUTORY AUDITOR:

Steven Pepper FCA

AUDITORS:

Allotts Business Services Ltd, Statutory Auditor

Chartered Accountants

Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

BANKERS:

Barclays Bank plc

14 Commercial Street

Sheffield

South Yorkshire

S1 2AT

CURRENT ASSETS

Debtors

4

174,607

Cash at bank

16,005

190,612

CREDITORS

Amounts falling due within one year

5

227,184

NET CURRENT LIABILITIES

(36,572

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(36,572

)

CAPITAL AND RESERVES

Called up share capital

6

10,000

Retained earnings

(46,572

)

SHAREHOLDERS' FUNDS

(36,572

)

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 17 January 2022 and were signed on its behalf by:

A Priestley - Director

1.	STATUTORY INFORMATION

Don Valley Materials Handling 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.

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.

Notwithstanding the deficiency in net assets of £36,572 at the year end and the loss for the period of £46,572, the accounts have been prepared on the going concern basis. The directors consider this basis to be appropriate as the parent undertaking has provided an undertaking to support the company for a period of at least one year from the date of approval of these financial statements and they anticipate the deficiency will be eliminated by the generation of profits in the foreseeable future. The amount owed to group undertakings at the year end was £134,016.

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. Maintenance works and manufactured goods are recognised upon completion and delivery as appropriate.

Taxation

Taxation for the period 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 period 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 period was 1 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

15,670

Amounts recoverable on contracts

158,598

Prepayments and accrued income

339

174,607

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

63,984

Amounts owed to group undertakings

134,016

Directors' current accounts

22,500

Accruals and deferred income

6,684

227,184

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

10,000

Ordinary

£1

10,000

10,000 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Pepper FCA (Senior Statutory Auditor)

for and on behalf of Allotts Business Services Ltd, Statutory Auditor

8.	CONTINGENT LIABILITIES

There is in place a cross guarantee and debenture between the company and the parent undertaking, Don Valley Engineering Group Limited and four other subsidiaries of the parent undertaking, Don Valley Engineering Company Limited, Don Valley Engineering Construction Limited, Don Valley Engineering Holdings Limited and Cleeve Materials Handling Limited dated 27 March 2019. At the balance sheet date there was there was a total indebtedness to the group's bankers of £1,194,165 (2020:£1,220,475). Against this debt, at the balance sheet date the group had total cash deposits with the group's bankers of £2,103,244 (2020:£1,520,938).

9.	RELATED PARTY DISCLOSURES

10.	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.