Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-292023-05-29falsetrue2022-05-30No description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04630936 2022-05-30 2023-05-29 04630936 2021-05-30 2022-05-29 04630936 2023-05-29 04630936 2022-05-29 04630936 c:Director1 2022-05-30 2023-05-29 04630936 d:MotorVehicles 2022-05-30 2023-05-29 04630936 d:MotorVehicles 2023-05-29 04630936 d:MotorVehicles 2022-05-29 04630936 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-05-30 2023-05-29 04630936 d:FurnitureFittings 2022-05-30 2023-05-29 04630936 d:FurnitureFittings 2023-05-29 04630936 d:FurnitureFittings 2022-05-29 04630936 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-05-30 2023-05-29 04630936 d:OwnedOrFreeholdAssets 2022-05-30 2023-05-29 04630936 d:Goodwill 2023-05-29 04630936 d:Goodwill 2022-05-29 04630936 d:CurrentFinancialInstruments 2023-05-29 04630936 d:CurrentFinancialInstruments 2022-05-29 04630936 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-29 04630936 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-29 04630936 d:ShareCapital 2023-05-29 04630936 d:ShareCapital 2022-05-29 04630936 d:RetainedEarningsAccumulatedLosses 2023-05-29 04630936 d:RetainedEarningsAccumulatedLosses 2022-05-29 04630936 d:AcceleratedTaxDepreciationDeferredTax 2023-05-29 04630936 d:AcceleratedTaxDepreciationDeferredTax 2022-05-29 04630936 c:OrdinaryShareClass1 2022-05-30 2023-05-29 04630936 c:OrdinaryShareClass1 2023-05-29 04630936 c:OrdinaryShareClass1 2022-05-29 04630936 c:FRS102 2022-05-30 2023-05-29 04630936 c:AuditExempt-NoAccountantsReport 2022-05-30 2023-05-29 04630936 c:FullAccounts 2022-05-30 2023-05-29 04630936 c:PrivateLimitedCompanyLtd 2022-05-30 2023-05-29 04630936 2 2022-05-30 2023-05-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04630936









SYDENHAM D.I.Y. LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 MAY 2023

 
SYDENHAM D.I.Y. LIMITED
REGISTERED NUMBER: 04630936

BALANCE SHEET
AS AT 29 MAY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
5,062
6,232

  
5,062
6,232

Current assets
  

Stocks
 6 
10,600
10,600

Debtors: amounts falling due within one year
 7 
134,199
82,595

Cash at bank and in hand
 8 
366,156
378,364

  
510,955
471,559

Creditors: amounts falling due within one year
 9 
(151,965)
(148,050)

Net current assets
  
 
 
358,990
 
 
323,509

Total assets less current liabilities
  
364,052
329,741

Provisions for liabilities
  

Deferred tax
 10 
-
(1,184)

  
 
 
-
 
 
(1,184)

Net assets
  
364,052
328,557


Capital and reserves
  

Called up share capital 
 11 
100
100

Profit and loss account
  
363,952
328,457

  
364,052
328,557


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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
SYDENHAM D.I.Y. LIMITED
REGISTERED NUMBER: 04630936
    
BALANCE SHEET (CONTINUED)
AS AT 29 MAY 2023

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Hemant Devlia
Director

Date: 20 February 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
SYDENHAM D.I.Y. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2023

1.


General information

Sydenham DIY Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:
Registered number: 04630936
Registered office: 274 Kirkdale, Sydenham, London, SE26 4RS.

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 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

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.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.

 
2.4

Interest income

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

Page 3

 
SYDENHAM D.I.Y. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2023

2.Accounting policies (continued)

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
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

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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.

Page 4

 
SYDENHAM D.I.Y. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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:

Motor vehicles
-
20%
Fixtures and fittings
-
15%

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 5

 
SYDENHAM D.I.Y. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2023

2.Accounting policies (continued)

 
2.14

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.

 
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 the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Staff
2
2

Page 6

 
SYDENHAM D.I.Y. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2023

4.


Intangible assets




Goodwill

£



Cost


At 30 May 2022
28,000



At 29 May 2023

28,000



Amortisation


At 30 May 2022
28,000



At 29 May 2023

28,000



Net book value



At 29 May 2023
-



At 29 May 2022
-



Page 7

 
SYDENHAM D.I.Y. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 30 May 2022
11,500
8,287
19,787



At 29 May 2023

11,500
8,287
19,787



Depreciation


At 30 May 2022
6,790
6,765
13,555


Charge for the year on owned assets
942
228
1,170



At 29 May 2023

7,732
6,993
14,725



Net book value



At 29 May 2023
3,768
1,294
5,062



At 29 May 2022
4,710
1,522
6,232


6.


Stocks

2023
2022
£
£

Finished goods and goods for resale
10,600
10,600

10,600
10,600



7.


Debtors

2023
2022
£
£


Trade debtors
7,192
917

Other debtors
126,045
81,678

Deferred taxation
962
-

134,199
82,595


Page 8

 
SYDENHAM D.I.Y. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2023

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
366,156
378,364

366,156
378,364



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
40,000

Trade creditors
11,051
15,046

Corporation tax
11,559
9,712

Other taxation and social security
12,261
10,017

Other creditors
115,094
71,275

Accruals and deferred income
2,000
2,000

151,965
148,050



10.


Deferred taxation




2023


£






At beginning of year
(1,184)


Charged to profit or loss
2,146



At end of year
962

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
962
(1,184)

962
(1,184)


11.


Share capital

Page 9

 
SYDENHAM D.I.Y. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2023
2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



12.


Related party transactions

At the balance sheet date, there was an amount of £3 (2022 : £271 due to) due to company. Also during the year, company paid £30,000 (2022 : £30,000) as property rent and dividend of £14,100 (2022 : £6,500) to director


13.


Controlling party

Mr H Devlia is ultimate controlling party to company by virtue of sole shareholder and director of company.

 
Page 10