Company Registration No. 11043133 (England and Wales)
Dan Cook Heating Limited
Unaudited accounts
for the year ended 31 March 2023
Dan Cook Heating Limited
Unaudited accounts
Contents
Dan Cook Heating Limited
Company Information
for the year ended 31 March 2023
Directors
D C Cook
S Dallywater
Company Number
11043133 (England and Wales)
Registered Office
24 Middlewood
Cockwood
Devon
EX6 8RN
Accountants
Yannons Chartered Accountants
The Gallery
New Quay Street
Teignmouth
Devon
TQ14 8DA
Dan Cook Heating Limited
Statement of financial position
as at 31 March 2023
Tangible assets
12,297
15,795
Creditors: amounts falling due within one year
(31,721)
(31,088)
Net current assets
2,083
4,773
Total assets less current liabilities
14,380
20,568
Creditors: amounts falling due after more than one year
(11,414)
(17,150)
Provisions for liabilities
Deferred tax
(2,304)
(2,961)
Called up share capital
102
102
Profit and loss account
560
355
Shareholders' funds
662
457
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. 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 and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by
D C Cook
Director
Company Registration No. 11043133
Dan Cook Heating Limited
Notes to the Accounts
for the year ended 31 March 2023
Dan Cook Heating Limited is a private company, limited by shares, registered in England and Wales, registration number 11043133. The registered office is 24 Middlewood, Cockwood, Devon, EX6 8RN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents the value of services and goods provided to customers during the period.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The financial statements have been prepared on a going concern basis dependent on the ongoing support of the directors.
Dan Cook Heating Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2022
2,507
24,000
397
26,904
At 31 March 2023
2,507
24,000
755
27,262
At 1 April 2022
1,043
9,750
316
11,109
Charge for the year
291
3,563
157
4,011
On disposals
-
-
(155)
(155)
At 31 March 2023
1,334
13,313
318
14,965
At 31 March 2023
1,173
10,687
437
12,297
At 31 March 2022
1,464
14,250
81
15,795
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
10,688
14,250
Amounts falling due within one year
Accrued income and prepayments
212
197
Other debtors
29,892
32,322
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,455
12,054
Obligations under finance leases and hire purchase contracts
757
757
Trade creditors
8,838
4,850
Taxes and social security
9,500
12,055
Dan Cook Heating Limited
Notes to the Accounts
for the year ended 31 March 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
189
946
A bounce back loan of £25,000 was received in May 2020. The government guaranteed 100% of the loan and there were no fees or interest payable for the first 12 months. Interest is capped at 2.5%. The loan is repayable within 5 years.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
1 Ordinary A share of £1 each
1
1
1 Ordinary B share of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors loan
14,371
-
2,766
11,605
Directors loan
14,370
-
2,767
11,603
Interest was charged on the directors loan at the official rate of interest.
Loans are repayable on demand.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).