Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true2022-04-014falseinstallation of biomass heating systems3true 7330976 2022-04-01 2023-03-31 7330976 2021-04-01 2022-03-31 7330976 2023-03-31 7330976 2022-03-31 7330976 2021-04-01 7330976 c:Director1 2022-04-01 2023-03-31 7330976 c:Director3 2022-04-01 2023-03-31 7330976 d:PlantMachinery 2022-04-01 2023-03-31 7330976 d:PlantMachinery 2023-03-31 7330976 d:PlantMachinery 2022-03-31 7330976 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 7330976 d:MotorVehicles 2022-04-01 2023-03-31 7330976 d:MotorVehicles 2023-03-31 7330976 d:MotorVehicles 2022-03-31 7330976 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 7330976 d:FurnitureFittings 2022-04-01 2023-03-31 7330976 d:FurnitureFittings 2023-03-31 7330976 d:FurnitureFittings 2022-03-31 7330976 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 7330976 d:ComputerEquipment 2022-04-01 2023-03-31 7330976 d:ComputerEquipment 2023-03-31 7330976 d:ComputerEquipment 2022-03-31 7330976 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 7330976 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 7330976 d:CurrentFinancialInstruments 2023-03-31 7330976 d:CurrentFinancialInstruments 2022-03-31 7330976 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 7330976 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 7330976 d:ShareCapital 2023-03-31 7330976 d:ShareCapital 2022-03-31 7330976 d:RetainedEarningsAccumulatedLosses 2023-03-31 7330976 d:RetainedEarningsAccumulatedLosses 2022-03-31 7330976 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2023-03-31 7330976 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-03-31 7330976 c:FRS102 2022-04-01 2023-03-31 7330976 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 7330976 c:AbridgedAccounts 2022-04-01 2023-03-31 7330976 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 7330976 2 2022-04-01 2023-03-31 7330976 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 7330976 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 iso4217:GBP xbrli:pure

Registered number: 7330976









DOUCH BIOMASS LTD








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023


 
DOUCH BIOMASS LTD
REGISTERED NUMBER:7330976

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
23,184
30,565

Investments
  
-
1,500

  
23,184
32,065

Current assets
  

Stocks
 5 
-
3,500

Debtors
 6 
101,708
69,348

Cash at bank and in hand
 7 
384,592
265,457

  
486,300
338,305

Creditors: amounts falling due within one year
 8 
(115,912)
(102,574)

Net current assets
  
 
 
370,388
 
 
235,731

Total assets less current liabilities
  
393,572
267,796

Provisions for liabilities
  
(4,405)
(5,807)

Net assets
  
389,167
261,989


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
389,067
261,889

  
389,167
261,989


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 statement of income and retained earnings 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 on 7 November 2023.



Page 1


 
DOUCH BIOMASS LTD
REGISTERED NUMBER:7330976
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023


Dr N P Douch
Mrs L E Douch
Director
Director

The notes on pages 3 to 11 form part of these financial statements.

Page 2


 
DOUCH BIOMASS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

The Company is incorporated in England and Wales and is limited by shares.  The registered office is located at Pippingford Manor, Pippingford Park, Nutley, East Sussex, TN22 3HW.
The company's principal activity continues to be that of the installation of biomass heating systems.

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 members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.

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.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3


 
DOUCH BIOMASS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 4


 
DOUCH BIOMASS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.7

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 income 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.

 
2.8

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, on a reducing balance basis.

Depreciation is provided on the following basis:

Tools and equipment
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Computer equipment
-
33%
reducing balance

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.

Page 5


 
DOUCH BIOMASS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

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 first in, first out 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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 6


 
DOUCH BIOMASS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Page 7


 
DOUCH BIOMASS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.14
Financial instruments (continued)

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.15

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 3 (2022 - 4).


4.


Tangible fixed assets





Tools and equipment
Motor vehicles
Fixtures and fittings
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 April 2022
32,841
30,250
5,784
8,138
77,013


Additions
368
-
-
-
368



At 31 March 2023

33,209
30,250
5,784
8,138
77,381



Depreciation


At 1 April 2022
29,082
4,113
5,305
7,949
46,449


Charge for the year on owned assets
1,032
6,534
120
62
7,748



At 31 March 2023

30,114
10,647
5,425
8,011
54,197



Net book value



At 31 March 2023
3,095
19,603
359
127
23,184



At 31 March 2022
3,760
26,137
479
189
30,565

Page 8


 
DOUCH BIOMASS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Stocks

2023
2022
£
£

Raw materials and consumables
-
3,500

-
3,500



6.


Debtors

2023
2022
£
£


Trade debtors
95,822
59,328

Prepayments and accrued income
5,886
10,020

101,708
69,348



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
384,592
265,457

384,592
265,457



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
48,128
24,060

Corporation tax
38,641
25,833

Other taxation and social security
19,827
20,856

Other creditors
7,284
25,111

Accruals and deferred income
2,032
6,714

115,912
102,574


Page 9


 
DOUCH BIOMASS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

9.


Financial instruments

2023
2022
£
£

Financial assets


Financial assets measured at fair value through profit or loss
384,592
265,457




Financial assets measured at fair value through profit or loss comprise cash.

Page 10


 
DOUCH BIOMASS LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

10.


Deferred taxation




2023
2022


£

£






At beginning of year
(5,807)
(1,536)


Charged to profit or loss
1,402
(4,271)



At end of year
(4,405)
(5,807)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(4,405)
(5,807)

(4,405)
(5,807)


11.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £1,351 (2022 - £1,374). Contributions totalling £NIL (2022 - £NIL) were payable to the fund at the balance sheet date and are included in creditors.


12.


Transactions with directors

Included in other creditors due within one year is a loan from the director, amounting to Dr N P Douch £(7,284) [2022 - £(13,654)]. 
Included in other creditors due within one year is a loan from the director, Mrs L E Douch amounting to £(NIL) [2022 - £(8,286)].
 


13.


Controlling party

The company was controlled throughout the current period by its directors, Dr N P Douch and Mrs L E Douch, by virtue of the fact that between them they own all of company's ordinary issued share capital.

 
Page 11