9 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 350,000 350,000 132,804 50,000 82,804 114,251 3,711 50,000 67,962 14,842 18,553 xbrli:pure xbrli:shares iso4217:GBP 03742689 2022-04-01 2023-03-31 03742689 2023-03-31 03742689 2022-03-31 03742689 2021-04-01 2022-03-31 03742689 2022-03-31 03742689 2021-03-31 03742689 core:FurnitureFittings 2022-04-01 2023-03-31 03742689 bus:Director1 2022-04-01 2023-03-31 03742689 bus:Director2 2022-04-01 2023-03-31 03742689 core:NetGoodwill 2023-03-31 03742689 core:FurnitureFittings 2022-03-31 03742689 core:FurnitureFittings 2023-03-31 03742689 core:WithinOneYear 2023-03-31 03742689 core:WithinOneYear 2022-03-31 03742689 core:AfterOneYear 2023-03-31 03742689 core:AfterOneYear 2022-03-31 03742689 core:ShareCapital 2023-03-31 03742689 core:ShareCapital 2022-03-31 03742689 core:RetainedEarningsAccumulatedLosses 2023-03-31 03742689 core:RetainedEarningsAccumulatedLosses 2022-03-31 03742689 core:FurnitureFittings 2022-03-31 03742689 bus:Director1 2022-03-31 03742689 bus:Director1 2023-03-31 03742689 bus:Director2 2022-03-31 03742689 bus:Director2 2023-03-31 03742689 bus:Director1 2021-03-31 03742689 bus:Director1 2022-03-31 03742689 bus:Director2 2021-03-31 03742689 bus:Director2 2022-03-31 03742689 bus:Director1 2021-04-01 2022-03-31 03742689 bus:Director2 2021-04-01 2022-03-31 03742689 bus:SmallEntities 2022-04-01 2023-03-31 03742689 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 03742689 bus:FullAccounts 2022-04-01 2023-03-31 03742689 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 03742689 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03742689 core:NetGoodwill 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 03742689
DHC Accounting Limited
Filleted Unaudited Financial Statements
31 March 2023
DHC Accounting Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
6
14,842
18,553
Current assets
Debtors
7
92,546
105,984
Cash at bank and in hand
23,758
10,029
------------
------------
116,304
116,013
Creditors: amounts falling due within one year
8
( 62,464)
( 78,805)
------------
------------
Net current assets
53,840
37,208
------------
------------
Total assets less current liabilities
68,682
55,761
Creditors: amounts falling due after more than one year
9
( 10,213)
( 13,110)
Provisions
Taxation including deferred tax
( 2,820)
( 3,447)
------------
------------
Net assets
55,649
39,204
------------
------------
DHC Accounting Limited
Statement of Financial Position (continued)
31 March 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss account
45,649
29,204
------------
------------
Shareholders funds
55,649
39,204
------------
------------
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 March 2023 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 .
These financial statements were approved by the board of directors and authorised for issue on 26 October 2023 , and are signed on behalf of the board by:
Mrs K A Briscoe
Mr A W Briscoe
Director
Director
Company registration number: 03742689
DHC Accounting Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 7 Lillyhall Business Centre, Jubilee Road, Workington, Cumbria, CA14 4HA, United Kingdom.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
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 measured on a discounted/an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
17.5 Years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:
Fixtures and fittings
-
20% reducing balance
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Government grants
Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2022: 9 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2022 and 31 March 2023
350,000
------------
Amortisation
At 1 April 2022 and 31 March 2023
350,000
------------
Carrying amount
At 31 March 2023
------------
At 31 March 2022
------------
6. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 April 2022
132,804
132,804
Disposals
( 50,000)
( 50,000)
------------
------------
At 31 March 2023
82,804
82,804
------------
------------
Depreciation
At 1 April 2022
114,251
114,251
Charge for the year
3,711
3,711
Disposals
( 50,000)
( 50,000)
------------
------------
At 31 March 2023
67,962
67,962
------------
------------
Carrying amount
At 31 March 2023
14,842
14,842
------------
------------
At 31 March 2022
18,553
18,553
------------
------------
7. Debtors
2023
2022
£
£
Trade debtors
55,908
72,692
Other debtors
36,638
33,292
------------
------------
92,546
105,984
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
6,769
Trade creditors
12,441
12,173
Amounts owed to group undertakings and undertakings in which the company has a participating interest
742
Corporation tax
10,880
9,243
Social security and other taxes
34,171
33,131
Other creditors
4,230
17,489
------------
------------
62,464
78,805
------------
------------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
10,213
13,110
------------
------------
10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs K A Briscoe
302
3,220
( 302)
3,220
Mr A W Briscoe
302
3,221
( 302)
3,221
------------
------------
------------
------------
604
6,441
( 604)
6,441
------------
------------
------------
------------
2022
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mrs K A Briscoe
6,646
302
( 6,646)
302
Mr A W Briscoe
6,647
302
( 6,647)
302
------------
------------
------------
------------
13,293
604
( 13,293)
604
------------
------------
------------
------------
11. Controlling party
The ultimate parent company is M.E.J. Holdings Limited, a company registered in England and Wales.