Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-31 2023-03-31 true true 2022-04-01 false 2 2 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10702612 2022-04-01 2023-03-31 10702612 2021-04-01 2022-03-31 10702612 2023-03-31 10702612 2022-03-31 10702612 2021-04-01 10702612 c:Director1 2022-04-01 2023-03-31 10702612 d:PlantMachinery 2022-04-01 2023-03-31 10702612 d:FurnitureFittings 2022-04-01 2023-03-31 10702612 d:OfficeEquipment 2022-04-01 2023-03-31 10702612 d:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 10702612 d:OtherPropertyPlantEquipment 2023-03-31 10702612 d:OtherPropertyPlantEquipment 2022-03-31 10702612 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 10702612 d:CurrentFinancialInstruments 2023-03-31 10702612 d:CurrentFinancialInstruments 2022-03-31 10702612 d:Non-currentFinancialInstruments 2023-03-31 10702612 d:Non-currentFinancialInstruments 2022-03-31 10702612 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10702612 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 10702612 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 10702612 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 10702612 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 10702612 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-03-31 10702612 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 10702612 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-03-31 10702612 d:ShareCapital 2023-03-31 10702612 d:ShareCapital 2022-03-31 10702612 d:RetainedEarningsAccumulatedLosses 2023-03-31 10702612 d:RetainedEarningsAccumulatedLosses 2022-03-31 10702612 c:OrdinaryShareClass1 2022-04-01 2023-03-31 10702612 c:OrdinaryShareClass1 2023-03-31 10702612 c:OrdinaryShareClass1 2022-03-31 10702612 c:OrdinaryShareClass2 2022-04-01 2023-03-31 10702612 c:OrdinaryShareClass2 2023-03-31 10702612 c:OrdinaryShareClass2 2022-03-31 10702612 c:OrdinaryShareClass3 2022-04-01 2023-03-31 10702612 c:OrdinaryShareClass3 2023-03-31 10702612 c:OrdinaryShareClass3 2022-03-31 10702612 c:FRS102 2022-04-01 2023-03-31 10702612 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 10702612 c:FullAccounts 2022-04-01 2023-03-31 10702612 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10702612 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 10702612 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10702612 DS MEDALS AND TROPHIES LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 MARCH 2023
DS MEDALS AND TROPHIES LIMITED REGISTERED NUMBER: 10702612 BALANCE SHEET AS AT 31 MARCH 2023
|  | 2023 |  | 2022
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 8,717 |  | 12,454
Current assets |  |  |  |  |
Stocks |  | 1,984 |  | 2,455 |
Debtors: amounts falling due within one year | 5 | 7,298 |  | 1,351 |
Cash at bank and in hand |  | 51,155 |  | 54,504 |
Current liabilities |  | 60,437 |  | 58,310 |
Creditors: amounts falling due within one year | 6 | (21,954) |  | (16,000) |
Net current assets |  |  | 38,483 |  | 42,310
Total assets less current liabilities |  |  | 47,200 |  | 54,764
Creditors: amounts falling due after more than one year | 7 |  | (21,333) |  | (29,333)
Provisions for liabilities |  |  |  |  |
Deferred tax | 9 |  | (2,136) |  | (2,067)
Net assets |  |  | 23,731 |  | 23,364
Capital and reserves |  |  |  |  |
Called up share capital | 10 |  | 102 |  | 102
Profit and loss account |  |  | 23,629 |  | 23,262
|  |  | 23,731 |  | 23,364
Page 1
DS MEDALS AND TROPHIES LIMITED REGISTERED NUMBER: 10702612 BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Mrs D Howling
Director
Date: 3 October 2023
The notes on pages 3 to 9 form part of these financial statements. Page 2
DS MEDALS AND TROPHIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. | GENERAL INFORMATION
DS Medals and Trophies Limited is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is 2 Abbey Farm, The Street, Marham, King's Lynn, PE33 9HP. The Company is not part of a group. 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | REVENUE
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.3 | GOVERNMENT GRANTS
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.
| 2.4 | FINANCE COSTS
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. Page 3
DS MEDALS AND TROPHIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 2.ACCOUNTING POLICIES (CONTINUED)
| 2.5 | BORROWING COSTS
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.6 | CURRENT AND DEFERRED TAXATION
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 4
DS MEDALS AND TROPHIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 2.ACCOUNTING POLICIES (CONTINUED)
| 2.7 | TANGIBLE FIXED ASSETS
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 25% | reducing balance
|  |  |  | Fixtures and fittings | - | 25% | reducing balance
|  |  |  | Office equipment | - | 33% | straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | STOCKS
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.9 | DEBTORS
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.10 | CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | CREDITORS
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
DS MEDALS AND TROPHIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 2.ACCOUNTING POLICIES (CONTINUED)
| 2.12 | PROVISIONS FOR LIABILITIES
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Balance Sheet.
| 2.13 | FINANCIAL INSTRUMENTS
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.
| 2.14 | DIVIDENDS
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | EMPLOYEES
| The average monthly number of employees, including directors, during the year was 2 (2022 - 2).
Page 6
DS MEDALS AND TROPHIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
4. | TANGIBLE FIXED ASSETS
|  | Other fixed assets
|  | £
| Cost |
| At 1 April 2022 | 27,012
| Additions | 665
| Disposals | (5,155)
| At 31 March 2023 | 22,522
| Depreciation |
| At 1 April 2022 | 14,558
| Charge for the year on owned assets | 3,063
| Disposals | (3,816)
| At 31 March 2023 | 13,805
| Net book value |
| At 31 March 2023 | 8,717
| At 31 March 2022 | 12,454
5. | DEBTORS
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Trade debtors | 6,974 | 1,048
| Prepayments | 324 | 303
|  | 7,298 | 1,351
Page 7
DS MEDALS AND TROPHIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
6. | CREDITORS: Amounts falling due within one year
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Bank loans | 8,000 | 8,000
| Trade creditors | 1,128 | 1,378
| Corporation tax | 5,855 | 1,856
| Other taxation and social security | 3,898 | 2,183
| Other creditors | 1,753 | 1,384
| Accruals | 1,320 | 1,199
|  | 21,954 | 16,000
7. | CREDITORS: Amounts falling due after more than one year
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Bank loans | 21,333 | 29,333
8. | LOANS
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 8,000 | 8,000
| Amounts falling due 1-2 years |  |
| Bank loans | 8,000 | 8,000
| Amounts falling due 2-5 years |  |
| Bank loans | 13,333 | 21,333
|  | 29,333 | 37,333
Page 8
DS MEDALS AND TROPHIES LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
9. | DEFERRED TAXATION
|  | 2023 | 2022
|  | £ | £
| At beginning of year | (2,067) | (2,796)
| Charged to profit or loss | (69) | 729
| At end of year | (2,136) | (2,067)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
| Accelerated capital allowances | (2,136) | (2,067)
10. | SHARE CAPITAL
|  |  |  |  | 2023 | 2022
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2022 - 100) Ordinary shares of £1.00 each | 100 | 100
|  | 1 (2022 - 1) Ordinary A share of £1.00 | 1 | 1
|  | 1 (2022 - 1) Ordinary B share of £1.00 | 1 | 1
|  |  | 102 | 102
Page 9