Silverfin false 30/04/2023 01/05/2022 30/04/2023 Mr D J Harding 22/09/1995 28 November 2023 The principal activity of the company is that of dealers in glass and glass products, and the provision of hygienic walls, floors and ceilings. 01307790 2023-04-30 01307790 bus:Director1 2023-04-30 01307790 2022-04-30 01307790 core:CurrentFinancialInstruments 2023-04-30 01307790 core:CurrentFinancialInstruments 2022-04-30 01307790 core:Non-currentFinancialInstruments 2023-04-30 01307790 core:Non-currentFinancialInstruments 2022-04-30 01307790 core:ShareCapital 2023-04-30 01307790 core:ShareCapital 2022-04-30 01307790 core:CapitalRedemptionReserve 2023-04-30 01307790 core:CapitalRedemptionReserve 2022-04-30 01307790 core:RetainedEarningsAccumulatedLosses 2023-04-30 01307790 core:RetainedEarningsAccumulatedLosses 2022-04-30 01307790 core:Goodwill 2022-04-30 01307790 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2022-04-30 01307790 core:Goodwill 2023-04-30 01307790 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-04-30 01307790 core:LeaseholdImprovements 2022-04-30 01307790 core:PlantMachinery 2022-04-30 01307790 core:Vehicles 2022-04-30 01307790 core:OfficeEquipment 2022-04-30 01307790 core:LeaseholdImprovements 2023-04-30 01307790 core:PlantMachinery 2023-04-30 01307790 core:Vehicles 2023-04-30 01307790 core:OfficeEquipment 2023-04-30 01307790 bus:OrdinaryShareClass1 2023-04-30 01307790 core:WithinOneYear 2023-04-30 01307790 core:WithinOneYear 2022-04-30 01307790 core:BetweenOneFiveYears 2023-04-30 01307790 core:BetweenOneFiveYears 2022-04-30 01307790 2022-05-01 2023-04-30 01307790 bus:FullAccounts 2022-05-01 2023-04-30 01307790 bus:SmallEntities 2022-05-01 2023-04-30 01307790 bus:AuditExemptWithAccountantsReport 2022-05-01 2023-04-30 01307790 bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 01307790 bus:Director1 2022-05-01 2023-04-30 01307790 core:Goodwill core:TopRangeValue 2022-05-01 2023-04-30 01307790 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2022-05-01 2023-04-30 01307790 core:Goodwill 2022-05-01 2023-04-30 01307790 core:LeaseholdImprovements core:TopRangeValue 2022-05-01 2023-04-30 01307790 core:PlantMachinery 2022-05-01 2023-04-30 01307790 core:Vehicles 2022-05-01 2023-04-30 01307790 core:OfficeEquipment 2022-05-01 2023-04-30 01307790 2021-05-01 2022-04-30 01307790 core:LeaseholdImprovements 2022-05-01 2023-04-30 01307790 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 01307790 bus:OrdinaryShareClass1 2021-05-01 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01307790 (England and Wales)

DACOL SERVICES (UK) LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2023
Pages for filing with the registrar

DACOL SERVICES (UK) LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2023

Contents

DACOL SERVICES (UK) LIMITED

COMPANY INFORMATION

For the financial year ended 30 April 2023
DACOL SERVICES (UK) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 April 2023
DIRECTOR Mr D J Harding
REGISTERED OFFICE 53 Lower Polsham Road
Paignton
Devon
TQ3 2BA
United Kingdom
COMPANY NUMBER 01307790 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
DACOL SERVICES (UK) LIMITED

BALANCE SHEET

As at 30 April 2023
DACOL SERVICES (UK) LIMITED

BALANCE SHEET (continued)

As at 30 April 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 32,259 35,166
32,259 35,166
Current assets
Stocks 154,578 154,355
Debtors 5 217,011 197,544
Cash at bank and in hand 107,255 164,767
478,844 516,666
Creditors: amounts falling due within one year 6 ( 166,207) ( 257,490)
Net current assets 312,637 259,176
Total assets less current liabilities 344,896 294,342
Creditors: amounts falling due after more than one year 7 ( 32,537) ( 39,572)
Net assets 312,359 254,770
Capital and reserves
Called-up share capital 8 34 34
Capital redemption reserve 66 66
Profit and loss account 312,259 254,670
Total shareholder's funds 312,359 254,770

For the financial year ending 30 April 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Dacol Services (UK) Limited (registered number: 01307790) were approved and authorised for issue by the Director on 28 November 2023. They were signed on its behalf by:

Mr D J Harding
Director
DACOL SERVICES (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
DACOL SERVICES (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dacol Services (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 53 Lower Polsham Road, Paignton, Devon, TQ3 2BA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Similarly, revenue from services is recognised as delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Website costs 5 years straight line
Goodwill

Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 5 years straight line
Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Office equipment 30 % reducing balance
Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 9 8

3. Intangible assets

Goodwill Website costs Total
£ £ £
Cost
At 01 May 2022 36,500 2,769 39,269
At 30 April 2023 36,500 2,769 39,269
Accumulated amortisation
At 01 May 2022 36,500 2,769 39,269
At 30 April 2023 36,500 2,769 39,269
Net book value
At 30 April 2023 0 0 0
At 30 April 2022 0 0 0

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 May 2022 8,672 17,571 43,149 9,247 78,639
Additions 0 2,741 20,206 0 22,947
Disposals 0 0 ( 22,200) 0 ( 22,200)
At 30 April 2023 8,672 20,312 41,155 9,247 79,386
Accumulated depreciation
At 01 May 2022 8,672 11,171 16,887 6,743 43,473
Charge for the financial year 0 1,367 7,121 716 9,204
Disposals 0 0 ( 5,550) 0 ( 5,550)
At 30 April 2023 8,672 12,538 18,458 7,459 47,127
Net book value
At 30 April 2023 0 7,774 22,697 1,788 32,259
At 30 April 2022 0 6,400 26,262 2,504 35,166

5. Debtors

2023 2022
£ £
Trade debtors 144,869 180,946
Prepayments 2,523 2,316
VAT recoverable 21,941 10,030
Other debtors 47,678 4,252
217,011 197,544

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 6,521 5,000
Trade creditors 87,708 141,612
Amounts owed to director 350 14,874
Accruals 46,200 70,080
Taxation and social security 25,428 25,924
166,207 257,490

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 32,537 39,572

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
34 Ordinary shares of £ 1.00 each 34 34

9. Financial commitments

Commitments

Operating leases

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
within one year 8,503 8,503
between one and five years 5,418 13,921
13,921 22,424

The amount of non-cancellable operating lease payments recognised as an expense during the year was £8,503 (2022 - £10,970).

10. Guarantees

The director has given a personal guarantee over the company's overdraft facility.

The company holds a debenture with the bank on which there are fixed and floating charges on all leasehold property and other assets.