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REGISTERED NUMBER: 11435305 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

DCS PARTS AND SERVICES LTD

DCS PARTS AND SERVICES LTD (REGISTERED NUMBER: 11435305)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DCS PARTS AND SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: S Varney
D L Varney
J Wheeler





REGISTERED OFFICE: 11 Hoffmanns Way
Kingfisher House
Chelmsford
Essex
CM1 1GU





REGISTERED NUMBER: 11435305 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Kingfisher House
11 Hoffmanns Way
Chelmsford
Essex
CM1 1GU

DCS PARTS AND SERVICES LTD (REGISTERED NUMBER: 11435305)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 82,413 114,163

CURRENT ASSETS
Stocks 5 59,432 44,007
Debtors 6 194,065 111,051
Cash at bank and in hand 338,444 190,518
591,941 345,576
CREDITORS
Amounts falling due within one year 7 488,064 251,762
NET CURRENT ASSETS 103,877 93,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,290

207,977

CREDITORS
Amounts falling due after more than one
year

8

53,853

60,138
NET ASSETS 132,437 147,839

CAPITAL AND RESERVES
Called up share capital 462 462
Retained earnings 131,975 147,377
SHAREHOLDERS' FUNDS 132,437 147,839

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DCS PARTS AND SERVICES LTD (REGISTERED NUMBER: 11435305)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by:





S Varney - Director


DCS PARTS AND SERVICES LTD (REGISTERED NUMBER: 11435305)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

DCS Parts and Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DCS PARTS AND SERVICES LTD (REGISTERED NUMBER: 11435305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 5,347 119,055 54,673 179,075
Additions - - 3,960 3,960
At 31 July 2023 5,347 119,055 58,633 183,035
DEPRECIATION
At 1 August 2022 3,197 32,019 29,696 64,912
Charge for year 538 28,722 6,450 35,710
At 31 July 2023 3,735 60,741 36,146 100,622
NET BOOK VALUE
At 31 July 2023 1,612 58,314 22,487 82,413
At 31 July 2022 2,150 87,036 24,977 114,163

5. STOCKS
2023 2022
£    £   
Stocks 59,432 44,007

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 171,508 91,288
Other debtors 7,920 7,920
Directors' current accounts 9,986 9,986
Prepayments 4,651 1,857
194,065 111,051

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 6,825 6,825
Trade creditors 4,088 5,945
Amounts owed to group undertakings 857 -
Tax 78,862 29,355
VAT 48,521 30,177
Other creditors 25,519 15,918
S&J Engineering Limited 121,365 121,365
Accruals and deferred income 202,027 42,177
488,064 251,762

DCS PARTS AND SERVICES LTD (REGISTERED NUMBER: 11435305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 6,825 6,825
Other loans - 2-5 years 47,028 53,313
53,853 60,138

9. RELATED PARTY DISCLOSURES

At the year end DCS Parts & Services Limited owed £121,365 (£121,365 - 2022) to a company owned by the Director Mr S Varney.