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REGISTERED NUMBER: 05808682 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

D-Com Limited

D-Com Limited (Registered number: 05808682)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Balance Sheet 1

Notes to the Financial Statements 3


D-Com Limited (Registered number: 05808682)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 987 1,341

Current assets
Debtors 5 166,433 147,999
Cash at bank 10,133 14,207
176,566 162,206
Creditors: amounts falling due within
one year

6

91,095

54,193
Net current assets 85,471 108,013
Total assets less current liabilities 86,458 109,354

Creditors: amounts falling due after
more than one year

7

35,187

40,401
Net assets 51,271 68,953

Capital and reserves
Called up share capital 8 2 2
Retained earnings 51,269 68,951
Shareholders' funds 51,271 68,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

D-Com Limited (Registered number: 05808682)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2023 and were signed on its behalf by:





M R Crutchfield - Director


D-Com Limited (Registered number: 05808682)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. Statutory information

D-Com Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05808682

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of VAT and discounts.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 33.3% straight line
Fixtures and fittings - 25% reducing balance

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

D-Com Limited (Registered number: 05808682)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. Accounting policies - continued

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Government grants
Government grants are recognised in the financial period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

D-Com Limited (Registered number: 05808682)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 April 2022 2,030 25,371 27,401
Additions 249 205 454
At 31 March 2023 2,279 25,576 27,855
Depreciation
At 1 April 2022 1,416 24,644 26,060
Charge for year 584 224 808
At 31 March 2023 2,000 24,868 26,868
Net book value
At 31 March 2023 279 708 987
At 31 March 2022 614 727 1,341

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 11,250 10,080
Other debtors 155,183 137,919
166,433 147,999

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 5,214 5,085
Taxation and social security 80,883 43,433
Other creditors 4,998 5,675
91,095 54,193

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 35,187 40,401

D-Com Limited (Registered number: 05808682)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. Creditors: amounts falling due after more than one year - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 24,361 29,842

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 2

9. Directors' advances, credits and guarantees

Advances were made in the year to the directors in the sum of £174,780 (2022: £178,300) with credits made on behalf of the director of £nil (2022: £nil) and repayments being received of £157,516 (2022: £191,527) resulting in a balance owed to the company at the year end of £141,475 (2022: £124,211) and disclosed with debtors. These loans are interest free and there are no agreed repayment terms.