1 false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 450,010 100,000 550,010 550,010 450,010 xbrli:pure xbrli:shares iso4217:GBP 04983125 2022-01-01 2022-12-31 04983125 2022-12-31 04983125 2021-12-31 04983125 2021-01-01 2021-12-31 04983125 2021-12-31 04983125 core:MotorVehicles 2022-01-01 2022-12-31 04983125 bus:RegisteredOffice 2022-01-01 2022-12-31 04983125 bus:LeadAgentIfApplicable 2022-01-01 2022-12-31 04983125 bus:Director1 2022-01-01 2022-12-31 04983125 bus:Director2 2022-01-01 2022-12-31 04983125 core:MotorVehicles 2021-12-31 04983125 core:MotorVehicles 2022-12-31 04983125 core:AfterOneYear 2022-12-31 04983125 core:WithinOneYear 2022-12-31 04983125 core:WithinOneYear 2021-12-31 04983125 core:UKTax 2022-01-01 2022-12-31 04983125 core:UKTax 2021-01-01 2021-12-31 04983125 core:ShareCapital 2022-12-31 04983125 core:ShareCapital 2021-12-31 04983125 core:RetainedEarningsAccumulatedLosses 2022-12-31 04983125 core:RetainedEarningsAccumulatedLosses 2021-12-31 04983125 core:CostValuation core:Non-currentFinancialInstruments 2021-12-31 04983125 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2022-12-31 04983125 core:CostValuation core:Non-currentFinancialInstruments 2022-12-31 04983125 core:Non-currentFinancialInstruments 2022-12-31 04983125 core:Non-currentFinancialInstruments 2021-12-31 04983125 core:MotorVehicles 2021-12-31 04983125 bus:SmallEntities 2022-01-01 2022-12-31 04983125 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 04983125 bus:FullAccounts 2022-01-01 2022-12-31 04983125 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 04983125 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 04983125 core:OfficeEquipment 2022-01-01 2022-12-31 04983125 core:OfficeEquipment 2021-12-31 04983125 core:OfficeEquipment 2022-12-31
COMPANY REGISTRATION NUMBER: 04983125
DCI Partitions Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2022
DCI Partitions Limited
Financial Statements
Year ended 31 December 2022
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
DCI Partitions Limited
Officers and Professional Advisers
THE BOARD OF DIRECTORS
Mr D Colquhoun
Mrs D Colquhoun
REGISTERED OFFICE
Basepoint Business & Innovation Centre
110 Butterfield
Luton
Bedfordshire
England
LU2 8DL
ACCOUNTANTS
Streets
Chartered accountants
Basepoint Business & Innocation Centre
110 Butterfield
Great Marlings
Luton
Beds
LU2 8DL
DCI Partitions Limited
Statement of Financial Position
31 December 2022
2022
2021
Note
£
£
Fixed assets
Tangible assets
6
22,060
7,273
Investments
7
550,010
450,010
---------
---------
572,070
457,283
Current assets
Stocks
6,917
10,276
Debtors
8
36,860
92,473
Cash at bank and in hand
1,085,286
813,478
------------
---------
1,129,063
916,227
Creditors: amounts falling due within one year
9
68,031
42,294
------------
---------
Net current assets
1,061,032
873,933
------------
------------
Total assets less current liabilities
1,633,102
1,331,216
Creditors: amounts falling due after more than one year
10
50,000
Provisions
4,192
1,382
------------
------------
Net assets
1,578,910
1,329,834
------------
------------
Capital and reserves
Called up share capital
5
5
Profit and loss account
1,578,905
1,329,829
------------
------------
Shareholders funds
1,578,910
1,329,834
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DCI Partitions Limited
Statement of Financial Position (continued)
31 December 2022
These financial statements were approved by the board of directors and authorised for issue on 15 September 2023 , and are signed on behalf of the board by:
Mr D Colquhoun
Director
Company registration number: 04983125
DCI Partitions Limited
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Basepoint Business & Innovation Centre, 110 Butterfield, Luton, Bedfordshire, LU2 8DL, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Investments in joint ventures
Investments in joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2021: 1 ).
5. Tax on profit
Major components of tax expense
2022
2021
£
£
Current tax:
UK current tax expense
65,658
34,982
Deferred tax:
Origination and reversal of timing differences
2,810
( 460)
--------
--------
Tax on profit
68,468
34,522
--------
--------
6. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 January 2022
19,141
1,500
20,641
Additions
26,368
26,368
Disposals
( 19,141)
( 19,141)
--------
-------
--------
At 31 December 2022
26,368
1,500
27,868
--------
-------
--------
Depreciation
At 1 January 2022
12,716
652
13,368
Charge for the year
5,346
212
5,558
Disposals
( 13,118)
( 13,118)
--------
-------
--------
At 31 December 2022
4,944
864
5,808
--------
-------
--------
Carrying amount
At 31 December 2022
21,424
636
22,060
--------
-------
--------
At 31 December 2021
6,425
848
7,273
--------
-------
--------
7. Investments
Shares in participating interests
£
Cost
At 1 January 2022
450,010
Additions
100,000
---------
At 31 December 2022
550,010
---------
Impairment
At 1 January 2022 and 31 December 2022
---------
Carrying amount
At 31 December 2022
550,010
---------
At 31 December 2021
450,010
---------
8. Debtors
2022
2021
£
£
Trade debtors
35,297
40,439
Other debtors
1,563
52,034
--------
--------
36,860
92,473
--------
--------
9. Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
259
2,806
Corporation tax
65,658
34,982
Other creditors
2,114
4,506
--------
--------
68,031
42,294
--------
--------
10. Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
50,000
--------
----
11. Directors' advances, credits and guarantees
The directors maintain a loan account with the company. At the beginning of the year the director owed the company £49,629. During the year there were advances to the director of £Nil and repayments of £50,027. At the year-end date the company owed the director £146. Interest of £252 was charged during the year and no amounts were written off.