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REGISTERED NUMBER: 12135692 (England and Wales)











Day Cost Management Limited

Unaudited Financial Statements

For The Year Ended 28 February 2022






Day Cost Management Limited (Registered number: 12135692)






Contents of the Financial Statements
For The Year Ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Day Cost Management Limited

Company Information
For The Year Ended 28 February 2022







DIRECTORS: G Lynas
D Ogden
A Catherall
M Henshaw
P J Adamson





REGISTERED OFFICE: c/o DJH Mitten Clarke
2nd Floor, St George's House
56 Peter Street
Manchester
M2 3NQ





REGISTERED NUMBER: 12135692 (England and Wales)





ACCOUNTANTS: DJH Mitten Clarke Manchester Limited
Chartered Accountants
St George's House
56 Peter Street
Manchester
M2 3NQ

Day Cost Management Limited (Registered number: 12135692)

Balance Sheet
28 February 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,570 2,466

CURRENT ASSETS
Debtors 5 148,406 153,342
Cash at bank 135,748 122,040
284,154 275,382
CREDITORS
Amounts falling due within one year 6 111,474 160,219
NET CURRENT ASSETS 172,680 115,163
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,250

117,629

PROVISIONS FOR LIABILITIES 488 469
NET ASSETS 174,762 117,160

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 174,662 117,060
174,762 117,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 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 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 19 August 2022 and were signed on its behalf by:





P J Adamson - Director


Day Cost Management Limited (Registered number: 12135692)

Notes to the Financial Statements
For The Year Ended 28 February 2022

1. STATUTORY INFORMATION

Day Cost Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of services excluding VAT, except in respect of contracts where turnover is recognised when the company obtains the right to consideration. In such cases the income is included as accrued income in the balance sheet rather than work in progress.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments - Trade debtors, trade creditors and directors loan accounts. They are all measured at the undiscounted amount of cash and other consideration expected to be paid or received.

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.

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 6 (2021 - 2 ) .

Day Cost Management Limited (Registered number: 12135692)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2021 3,200
Additions 960
At 28 February 2022 4,160
DEPRECIATION
At 1 March 2021 734
Charge for year 856
At 28 February 2022 1,590
NET BOOK VALUE
At 28 February 2022 2,570
At 28 February 2021 2,466

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 82,218 94,841
Other debtors 66,188 58,501
148,406 153,342

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 4,167 5,073
Taxation and social security 99,001 149,668
Other creditors 8,306 5,478
111,474 160,219

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2022 and 28 February 2021:

2022 2021
£    £   
P J Adamson
Balance outstanding at start of year 20 20
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20 20

Day Cost Management Limited (Registered number: 12135692)

Notes to the Financial Statements - continued
For The Year Ended 28 February 2022

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A Catherall
Balance outstanding at start of year 20 20
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20 20

D Ogden
Balance outstanding at start of year 20 20
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20 20

G Lynas
Balance outstanding at start of year 20 20
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20 20

M Henshaw
Balance outstanding at start of year 20 20
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20 20