DECKRITE LIMITED


Directors	PARSONS, Matthew Allan
	PARSONS, Natalie Anna


Registered Address	Unit 5d Lampeter Enterprise Park
	Tregaron Road
	Lampeter
	SA48 8LT


Registered Number	07461959 (England and Wales)

Balance Sheet as at
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		80,335		52,500
			80,335		52,500
Current assets
Stocks	6	102,750		102,750
Debtors	7	982,957		391,243
Cash at bank and on hand		465,699		601,781
		1,551,406		1,095,774
Creditors amounts falling due within one year	8	(327,280)		(297,657)
Net current assets (liabilities)			1,224,126		798,117
Total assets less current liabilities			1,304,461		850,617
Creditors amounts falling due after one year	9		(10,897)		(3,940)
Provisions for liabilities	11		(17,890)		(10,791)
Net assets			1,275,674		835,886
Capital and reserves
Called up share capital			10		10
Profit and loss account			1,275,664		835,876
Shareholders' funds			1,275,674		835,886

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

PARSONS, Matthew Allan
Director
Registered Company No. 07461959

DECKRITE LIMITED

Notes to the Financial Statements
for the year ended 31 March 2023

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:

	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.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	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.

	Going concern
	These financial statements have been prepared on a going concern basis.

4.	Employee information


		2023		2022
	Average number of employees during the year	0		0

5.	Property, plant and equipment

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 22	89,130	115,947	4,166	209,243
Additions	272	52,500	557	53,329
Disposals	-	(36,552)	-	(36,552)
At 31 March 23	89,402	131,895	4,723	226,020
Depreciation and impairment
At 01 April 22	71,753	81,329	3,661	156,743
Charge for year	3,286	5,176	627	9,089
On disposals	-	(20,147)	-	(20,147)
At 31 March 23	75,039	66,358	4,288	145,685
Net book value
At 31 March 23	14,363	65,537	435	80,335
At 31 March 22	17,377	34,618	505	52,500

6.	Stocks

	2023	2022
	£	£
Work in progress	2,750	2,750
Other stocks	100,000	100,000
Total	102,750	102,750

7.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	981,697	283,289
Other debtors	401	107,401
Prepayments and accrued income	859	553
Total	982,957	391,243


	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.

8.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	161,796	150,958
Taxation and social security	151,549	138,498
Finance lease and HP contracts	9,312	5,003
Other creditors	788	617
Accrued liabilities and deferred income	3,835	2,581
Total	327,280	297,657


	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.

9.	Creditors after one year

	2023	2022
	£	£
Other creditors	10,897	3,940
Total	10,897	3,940

10.	Finance lease and HP contracts after one year

		2023		2022
		£		£
	Finance lease and HP contracts	10,897		3,940

11.	Provisions for liabilities

	2023	2022
	£	£
Net deferred tax liability (asset)	17,890	10,791
Total	17,890	10,791