IRIS Accounts Production v24.1.0.578 06976650 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069766502022-12-31069766502023-12-31069766502023-01-012023-12-31069766502021-12-31069766502022-01-012022-12-31069766502022-12-3106976650ns15:EnglandWales2023-01-012023-12-3106976650ns14:PoundSterling2023-01-012023-12-3106976650ns10:Director12023-01-012023-12-3106976650ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3106976650ns10:SmallEntities2023-01-012023-12-3106976650ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3106976650ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3106976650ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3106976650ns10:FullAccounts2023-01-012023-12-3106976650ns10:Director22023-01-012023-12-3106976650ns10:RegisteredOffice2023-01-012023-12-3106976650ns5:CurrentFinancialInstruments2023-12-3106976650ns5:CurrentFinancialInstruments2022-12-3106976650ns5:Non-currentFinancialInstruments2023-12-3106976650ns5:Non-currentFinancialInstruments2022-12-3106976650ns5:ShareCapital2023-12-3106976650ns5:ShareCapital2022-12-3106976650ns5:RetainedEarningsAccumulatedLosses2023-12-3106976650ns5:RetainedEarningsAccumulatedLosses2022-12-3106976650ns5:LeaseholdImprovements2023-01-012023-12-3106976650ns5:PlantMachinery2023-01-012023-12-3106976650ns5:FurnitureFittings2023-01-012023-12-3106976650ns5:MotorVehicles2023-01-012023-12-3106976650ns5:ComputerEquipment2023-01-012023-12-3106976650ns5:LeaseholdImprovements2022-12-3106976650ns5:PlantMachinery2022-12-3106976650ns5:FurnitureFittings2022-12-3106976650ns5:LeaseholdImprovements2023-12-3106976650ns5:PlantMachinery2023-12-3106976650ns5:FurnitureFittings2023-12-3106976650ns5:LeaseholdImprovements2022-12-3106976650ns5:PlantMachinery2022-12-3106976650ns5:FurnitureFittings2022-12-3106976650ns5:MotorVehicles2022-12-3106976650ns5:ComputerEquipment2022-12-3106976650ns5:MotorVehicles2023-12-3106976650ns5:ComputerEquipment2023-12-3106976650ns5:MotorVehicles2022-12-3106976650ns5:ComputerEquipment2022-12-3106976650ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3106976650ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3106976650ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3106976650ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3106976650ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3106976650ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 06976650 (England and Wales)















DECADENT LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






DECADENT LIMITED (REGISTERED NUMBER: 06976650)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DECADENT LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: M S P Tucker
Mrs J Tucker





REGISTERED OFFICE: 41 Scott Walk
Bridgeyate
Bristol
BS30 5WB





REGISTERED NUMBER: 06976650 (England and Wales)





ACCOUNTANT: Clear Vision Accountancy Limited
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH

DECADENT LIMITED (REGISTERED NUMBER: 06976650)

BALANCE SHEET
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,643 114,715

CURRENT ASSETS
Stocks 441,453 286,778
Debtors 5 742,078 664,294
Cash at bank and in hand 351,151 353,761
1,534,682 1,304,833
CREDITORS
Amounts falling due within one year 6 938,999 817,625
NET CURRENT ASSETS 595,683 487,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

719,326

601,923

CREDITORS
Amounts falling due after more than one
year

7

(50,120

)

(76,002

)

PROVISIONS FOR LIABILITIES (1,111 ) (4,649 )
NET ASSETS 668,095 521,272

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 667,095 520,272
SHAREHOLDERS' FUNDS 668,095 521,272

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:




M S P Tucker - Director


DECADENT LIMITED (REGISTERED NUMBER: 06976650)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

DecaDent 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 net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 20% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

DECADENT LIMITED (REGISTERED NUMBER: 06976650)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

Going concern
The directors have assessed whether the company is a going concern and have considered all available information about the future and are confident of the company's ability to continue as a going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 8,960 12,217 22,558
Additions - - 528
At 31 December 2023 8,960 12,217 23,086
DEPRECIATION
At 1 January 2023 8,830 6,226 21,276
Charge for year 112 2,158 645
At 31 December 2023 8,942 8,384 21,921
NET BOOK VALUE
At 31 December 2023 18 3,833 1,165
At 31 December 2022 130 5,991 1,282

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 142,903 47,262 233,900
Additions 37,250 5,461 43,239
At 31 December 2023 180,153 52,723 277,139
DEPRECIATION
At 1 January 2023 40,886 41,967 119,185
Charge for year 27,139 4,257 34,311
At 31 December 2023 68,025 46,224 153,496
NET BOOK VALUE
At 31 December 2023 112,128 6,499 123,643
At 31 December 2022 102,017 5,295 114,715

DECADENT LIMITED (REGISTERED NUMBER: 06976650)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 142,903
Reclassification/transfer (142,903 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 40,886
Reclassification/transfer (40,886 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 102,017

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 519,345 573,036
Other debtors 222,733 91,258
742,078 664,294

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans and overdrafts 10,743 10,894
Hire purchase contracts 19,471 19,966
Trade creditors 238,110 442,207
Taxation and social security 277,606 241,824
Other creditors 393,069 102,734
938,999 817,625

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans 13,424 23,273
Hire purchase contracts 36,696 52,729
50,120 76,002