DMI Steel Fabrication Ltd

DMI STEEL FABRICATION LTD - Company Information

2021-07-012022-06-302022-06-30false09027411DMI Steel Fabrication Ltd2023-03-2825110iso4217:GBPxbrli:pure090274112021-07-01090274112022-06-30090274112021-07-012022-06-30090274112020-07-01090274112021-06-30090274112020-07-012021-06-3009027411bus:SmallEntities2021-07-012022-06-3009027411bus:AuditExempt-NoAccountantsReport2021-07-012022-06-3009027411bus:AbridgedAccounts2021-07-012022-06-3009027411bus:PrivateLimitedCompanyLtd2021-07-012022-06-3009027411core:WithinOneYear2022-06-3009027411core:AfterOneYear2022-06-3009027411core:WithinOneYear2021-06-3009027411core:AfterOneYear2021-06-3009027411core:ShareCapital2022-06-3009027411core:SharePremium2022-06-3009027411core:RevaluationReserve2022-06-3009027411core:OtherReservesSubtotal2022-06-3009027411core:RetainedEarningsAccumulatedLosses2022-06-3009027411core:ShareCapital2021-06-3009027411core:SharePremium2021-06-3009027411core:RevaluationReserve2021-06-3009027411core:OtherReservesSubtotal2021-06-3009027411core:RetainedEarningsAccumulatedLosses2021-06-3009027411core:LandBuildings2022-06-3009027411core:PlantMachinery2022-06-3009027411core:Vehicles2022-06-3009027411core:FurnitureFittings2022-06-3009027411core:OfficeEquipment2022-06-3009027411core:NetGoodwill2022-06-3009027411core:IntangibleAssetsOtherThanGoodwill2022-06-3009027411core:ListedExchangeTraded2022-06-3009027411core:UnlistedNon-exchangeTraded2022-06-3009027411core:LandBuildings2021-06-3009027411core:PlantMachinery2021-06-3009027411core:Vehicles2021-06-3009027411core:FurnitureFittings2021-06-3009027411core:OfficeEquipment2021-06-3009027411core:NetGoodwill2021-06-3009027411core:IntangibleAssetsOtherThanGoodwill2021-06-3009027411core:ListedExchangeTraded2021-06-3009027411core:UnlistedNon-exchangeTraded2021-06-3009027411core:LandBuildings2021-07-012022-06-3009027411core:PlantMachinery2021-07-012022-06-3009027411core:Vehicles2021-07-012022-06-3009027411core:FurnitureFittings2021-07-012022-06-3009027411core:OfficeEquipment2021-07-012022-06-3009027411core:NetGoodwill2021-07-012022-06-3009027411core:IntangibleAssetsOtherThanGoodwill2021-07-012022-06-3009027411core:ListedExchangeTraded2021-07-012022-06-3009027411core:UnlistedNon-exchangeTraded2021-07-012022-06-3009027411core:MoreThanFiveYears2021-07-012022-06-3009027411core:Non-currentFinancialInstruments2022-06-3009027411core:Non-currentFinancialInstruments2021-06-3009027411dpl:CostSales2021-07-012022-06-3009027411dpl:DistributionCosts2021-07-012022-06-3009027411dpl:AdministrativeExpenses2021-07-012022-06-3009027411core:LandBuildings2021-07-012022-06-3009027411core:PlantMachinery2021-07-012022-06-3009027411core:Vehicles2021-07-012022-06-3009027411core:FurnitureFittings2021-07-012022-06-3009027411core:OfficeEquipment2021-07-012022-06-3009027411core:NetGoodwill2021-07-012022-06-3009027411core:IntangibleAssetsOtherThanGoodwill2021-07-012022-06-3009027411dpl:GroupUndertakings2021-07-012022-06-3009027411dpl:ParticipatingInterests2021-07-012022-06-3009027411dpl:GroupUndertakingscore:ListedExchangeTraded2021-07-012022-06-3009027411core:ListedExchangeTraded2021-07-012022-06-3009027411dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-07-012022-06-3009027411core:UnlistedNon-exchangeTraded2021-07-012022-06-3009027411dpl:CostSales2020-07-012021-06-3009027411dpl:DistributionCosts2020-07-012021-06-3009027411dpl:AdministrativeExpenses2020-07-012021-06-3009027411core:LandBuildings2020-07-012021-06-3009027411core:PlantMachinery2020-07-012021-06-3009027411core:Vehicles2020-07-012021-06-3009027411core:FurnitureFittings2020-07-012021-06-3009027411core:OfficeEquipment2020-07-012021-06-3009027411core:NetGoodwill2020-07-012021-06-3009027411core:IntangibleAssetsOtherThanGoodwill2020-07-012021-06-3009027411dpl:GroupUndertakings2020-07-012021-06-3009027411dpl:ParticipatingInterests2020-07-012021-06-3009027411dpl:GroupUndertakingscore:ListedExchangeTraded2020-07-012021-06-3009027411core:ListedExchangeTraded2020-07-012021-06-3009027411dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-07-012021-06-3009027411core:UnlistedNon-exchangeTraded2020-07-012021-06-3009027411core:NetGoodwill2022-06-3009027411core:IntangibleAssetsOtherThanGoodwill2022-06-3009027411core:LandBuildings2022-06-3009027411core:PlantMachinery2022-06-3009027411core:Vehicles2022-06-3009027411core:FurnitureFittings2022-06-3009027411core:OfficeEquipment2022-06-3009027411core:AfterOneYear2022-06-3009027411core:WithinOneYear2022-06-3009027411core:ListedExchangeTraded2022-06-3009027411core:UnlistedNon-exchangeTraded2022-06-3009027411core:ShareCapital2022-06-3009027411core:SharePremium2022-06-3009027411core:RevaluationReserve2022-06-3009027411core:OtherReservesSubtotal2022-06-3009027411core:RetainedEarningsAccumulatedLosses2022-06-3009027411core:NetGoodwill2021-06-3009027411core:IntangibleAssetsOtherThanGoodwill2021-06-3009027411core:LandBuildings2021-06-3009027411core:PlantMachinery2021-06-3009027411core:Vehicles2021-06-3009027411core:FurnitureFittings2021-06-3009027411core:OfficeEquipment2021-06-3009027411core:AfterOneYear2021-06-3009027411core:WithinOneYear2021-06-3009027411core:ListedExchangeTraded2021-06-3009027411core:UnlistedNon-exchangeTraded2021-06-3009027411core:ShareCapital2021-06-3009027411core:SharePremium2021-06-3009027411core:RevaluationReserve2021-06-3009027411core:OtherReservesSubtotal2021-06-3009027411core:RetainedEarningsAccumulatedLosses2021-06-3009027411core:NetGoodwill2020-07-0109027411core:IntangibleAssetsOtherThanGoodwill2020-07-0109027411core:LandBuildings2020-07-0109027411core:PlantMachinery2020-07-0109027411core:Vehicles2020-07-0109027411core:FurnitureFittings2020-07-0109027411core:OfficeEquipment2020-07-0109027411core:AfterOneYear2020-07-0109027411core:WithinOneYear2020-07-0109027411core:ListedExchangeTraded2020-07-0109027411core:UnlistedNon-exchangeTraded2020-07-0109027411core:ShareCapital2020-07-0109027411core:SharePremium2020-07-0109027411core:RevaluationReserve2020-07-0109027411core:OtherReservesSubtotal2020-07-0109027411core:RetainedEarningsAccumulatedLosses2020-07-0109027411core:AfterOneYear2021-07-012022-06-3009027411core:WithinOneYear2021-07-012022-06-3009027411core:Non-currentFinancialInstrumentscore:CostValuation2021-07-012022-06-3009027411core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-07-012022-06-3009027411core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-07-012022-06-3009027411core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-07-012022-06-3009027411core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-07-012022-06-3009027411core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-07-012022-06-3009027411core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-07-012022-06-3009027411core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-07-012022-06-3009027411core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-07-012022-06-3009027411core:Non-currentFinancialInstrumentscore:CostValuation2022-06-3009027411core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-06-3009027411core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-06-3009027411core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-06-3009027411core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-06-3009027411core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-06-3009027411core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-06-3009027411core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-06-3009027411core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-06-3009027411core:Non-currentFinancialInstrumentscore:CostValuation2021-06-3009027411core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2021-06-3009027411core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2021-06-3009027411core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2021-06-3009027411core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2021-06-3009027411core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2021-06-3009027411core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2021-06-3009027411core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2021-06-3009027411core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2021-06-3009027411bus:Director12021-07-012022-06-3009027411bus:Director22021-07-012022-06-3009027411bus:Director32021-07-012022-06-30

Registered Number
09027411
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2022

DMI Steel Fabrication Ltd

Company Information
for the year from 1 July 2021 to 30 June 2022


Directors	Cahill, David John
	Cahill, Ian Anthony
	Cahill, Matthew


Registered Address	Unit 5 And 6 Middlemarsh
	Sherborne
	DT9 5QW


Registered Number	09027411 (England and Wales)

DMI Steel Fabrication Ltd

Balance Sheet as at
30 June 2022

	Notes	2022		2021
		£	£	£	£
Fixed assets
Tangible assets	5		206,673		277,107
			206,673		277,107
Current assets
Stocks		135,000		40,000
Debtors		656,902		863,226
Cash at bank and on hand		3,420		37,669
		795,322		940,895
Creditors amounts falling due within one year	7	(601,184)		(630,408)
Net current assets (liabilities)			194,138		310,487
Total assets less current liabilities			400,811		587,594
Creditors amounts falling due after one year	8		(72,973)		(117,911)
Provisions for liabilities			(33,135)		(49,726)
Net assets			294,703		419,957
Capital and reserves
Called up share capital			124,636		124,636
Profit and loss account			170,067		295,321
Shareholders' funds			294,703		419,957

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 28 March 2023, and are signed on its behalf by:

Cahill, Matthew
Director
Registered Company No. 09027411

DMI Steel Fabrication Ltd

Notes to the Financial Statements
for the year ended 30 June 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Land and buildings - 10% on cost Plant and machinery etc - 10% on cost Computer equipment - 33% reducing balance

	Stocks policy
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leases policy
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information
	The following average number of employees includes a director.


		2022		2021
	Average number of employees during the year	15		13

5.	Property, plant and equipment

		Total
		£
	Cost or valuation
	At 01 July 21	402,661
	Additions	4,742
	Disposals	(38,450)
	At 30 June 22	361,993
	Depreciation and impairment
	At 01 July 21	125,554
	Charge for year	36,726
	At 30 June 22	155,321
	Net book value
	At 30 June 22	206,673
	At 30 June 21	277,107

6.	Debtors within one year

	2022	2021
	£	£
Trade debtors / trade receivables	633,963	747,652
Other debtors	15,940	107,076
Prepayments and accrued income	6,999	8,498
Total	656,902	863,226


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	Creditors within one year

	2022	2021
	£	£
Trade creditors / trade payables	339,427	407,384
Bank borrowings and overdrafts	18,182	114,692
Taxation and social security	59,499	34,943
Finance lease and HP contracts	14,472	25,123
Other creditors	168,526	46,673
Accrued liabilities and deferred income	1,078	1,593
Total	601,184	630,408


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Creditors after one year

	2022	2021
	£	£
Bank borrowings and overdrafts	51,515	69,697
Other creditors	21,458	48,214
Total	72,973	117,911

9.	Finance lease and HP contracts after one year

		2022		2021
		£		£
	Finance lease and HP contracts	21,458		48,214