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UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

DECOMATIC (UK) LIMITED

DECOMATIC (UK) LIMITED (REGISTERED NUMBER: 01024717)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DECOMATIC (UK) LIMITED

COMPANY INFORMATION
For The Year Ended 31 October 2023







DIRECTORS: Mr B Dion
Mrs X M Dion
Mr H W S Morisetti





REGISTERED OFFICE: 5th Floor
Waverley House
115 - 119 Holdenhurst Road
Bournemouth
Dorset
BH8 8DY





REGISTERED NUMBER: 01024717 (England and Wales)






DECOMATIC (UK) LIMITED (REGISTERED NUMBER: 01024717)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 296,562 304,278
296,562 304,278

CURRENT ASSETS
Debtors 6 1,119 1,185
Cash at bank and in hand 36,699 31,195
37,818 32,380
CREDITORS
Amounts falling due within one year 7 (4,794 ) (5,970 )
NET CURRENT ASSETS 33,024 26,410
TOTAL ASSETS LESS CURRENT
LIABILITIES

329,586

330,688

CREDITORS
Amounts falling due after more than one year 8 (1,609 ) (1,297 )

PROVISIONS FOR LIABILITIES (8,273 ) (8,062 )
NET ASSETS 319,704 321,329

CAPITAL AND RESERVES
Called up share capital 9 14,000 14,000
Share premium 9,000 9,000
Retained earnings 296,704 298,329
SHAREHOLDERS' FUNDS 319,704 321,329

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

DECOMATIC (UK) LIMITED (REGISTERED NUMBER: 01024717)

BALANCE SHEET - continued
31 October 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 4 March 2024 and were signed on its behalf by:




Mr B Dion - Director



Mrs X M Dion - Director


DECOMATIC (UK) LIMITED (REGISTERED NUMBER: 01024717)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 October 2023

1. STATUTORY INFORMATION

Decomatic (UK) Limited 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.

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 represents guest house income receivable.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008 has been fully amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

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

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

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

DECOMATIC (UK) LIMITED (REGISTERED NUMBER: 01024717)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 1
AMORTISATION
At 1 November 2022
and 31 October 2023 1
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022 416,487 56,887 3,750 477,124
Additions - 2,428 - 2,428
At 31 October 2023 416,487 59,315 3,750 479,552
DEPRECIATION
At 1 November 2022 121,701 48,911 2,234 172,846
Charge for year 8,330 1,435 379 10,144
At 31 October 2023 130,031 50,346 2,613 182,990
NET BOOK VALUE
At 31 October 2023 286,456 8,969 1,137 296,562
At 31 October 2022 294,786 7,976 1,516 304,278

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,119 1,185

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,352 3,349
Other creditors 3,442 2,621
4,794 5,970

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 1,609 1,297

DECOMATIC (UK) LIMITED (REGISTERED NUMBER: 01024717)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 October 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
14,000 Ordinary 'A' £1 14,000 14,000