Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31The tax expense for the year comprises current and deferred tax. 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 is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.false2022-09-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13157071 2022-09-01 2023-08-31 13157071 2021-09-01 2022-08-31 13157071 2023-08-31 13157071 2022-08-31 13157071 c:Director1 2022-09-01 2023-08-31 13157071 c:RegisteredOffice 2022-09-01 2023-08-31 13157071 d:CurrentFinancialInstruments 2023-08-31 13157071 d:CurrentFinancialInstruments 2022-08-31 13157071 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 13157071 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 13157071 d:ShareCapital 2023-08-31 13157071 d:ShareCapital 2022-08-31 13157071 d:RetainedEarningsAccumulatedLosses 2023-08-31 13157071 d:RetainedEarningsAccumulatedLosses 2022-08-31 13157071 c:OrdinaryShareClass1 2022-09-01 2023-08-31 13157071 c:OrdinaryShareClass1 2023-08-31 13157071 c:FRS102 2022-09-01 2023-08-31 13157071 c:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 13157071 c:FullAccounts 2022-09-01 2023-08-31 13157071 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13157071









DECOME LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
DECOME LTD
 
 
COMPANY INFORMATION


Director
J Cave 




Registered number
13157071



Registered office
7 The Close

Norwich

Norfolk

NR1 4DJ




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
DECOME LTD
 

CONTENTS



Page
Accountants' report
 
 
1
Balance sheet
 
 
2 - 3
Notes to the financial statements
 
 
4 - 6


 
DECOME LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DECOME LTD
FOR THE YEAR ENDED 31 AUGUST 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Decome Ltd for the year ended 31 August 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Decome Ltd in accordance with the terms of our engagement letter dated 30 November 2022Our work has been undertaken solely to prepare for your approval the financial statements of Decome Ltd  and state those matters that we have agreed to state to the director of Decome Ltd in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Decome Ltd and its director for our work or for this report. 

It is your duty to ensure that Decome Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Decome Ltd. You consider that Decome Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Decome Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  





MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ

15 December 2023
Page 1

 
DECOME LTD
REGISTERED NUMBER: 13157071

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
637,267
336,461

Debtors: amounts falling due within one year
 4 
26,875
13,627

Cash at bank and in hand
  
39
27,741

  
664,181
377,829

Creditors: amounts falling due within one year
 5 
(674,806)
(381,624)

Net current liabilities
  
 
 
(10,625)
 
 
(3,795)

Total assets less current liabilities
  
(10,625)
(3,795)

  

Net liabilities
  
(10,625)
(3,795)


Capital and reserves
  

Called up share capital 
 6 
100
100

Profit and loss account
  
(10,725)
(3,895)

  
(10,625)
(3,795)


Page 2

 
DECOME LTD
REGISTERED NUMBER: 13157071
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The director considers 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 director acknowledges her 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 profit and loss account 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 15 December 2023.






J Cave
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
DECOME LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1.


General information

The Company is a private company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, NR1 4DJ.
The Company's principal place of business is Norfolk and the Company's principal activity is that of residential property development.  

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 following principal accounting policies have been applied:

 
2.2

Going concern

The director has considered a period of twelve months from the date of approval of the finanical statements. They consider that projected income together with current cash reserves will be more than adequate for the company's needs. As such they believe that the financial statements should be prepared on the going concern basis.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Work in progress

Work in progress is valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Interest payable which is directly attributable to a development is also included within work in progress.

 
2.5

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.

Page 4

 
DECOME LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

2.Accounting policies (continued)

 
2.6

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.

 
2.7

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.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Other debtors
23,144
12,826

Prepayments and accrued income
316
-

Deferred taxation
3,415
801

26,875
13,627


Page 5

 
DECOME LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
826
26

Other creditors
670,905
380,098

Accruals and deferred income
3,075
1,500

674,806
381,624



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 Ordinary shares of £1.00 each
100
100



7.


Related party transactions

As at 31 August 2023 the Company owed the director £670,905 (2022: £380,098).

 
Page 6