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REGISTERED NUMBER: 07257208 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

D.A.C INDUSTRIES LTD

D.A.C INDUSTRIES LTD (REGISTERED NUMBER: 07257208)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


D.A.C INDUSTRIES LTD

COMPANY INFORMATION
for the Year Ended 31 May 2023







DIRECTORS: C K Hickman
K A Hickman





REGISTERED OFFICE: 18-21 Bridgnorth Road
Wombourne
Wolverhampton
West Midlands
WV5 8AY





REGISTERED NUMBER: 07257208 (England and Wales)





ACCOUNTANTS: Wright & Co Partnership Limited
Chartered Accountants
5 Walsall Street
Wednesbury
West Midlands
WS10 9BZ

D.A.C INDUSTRIES LTD (REGISTERED NUMBER: 07257208)

ABRIDGED BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 108,087 97,659
Investments 5 63,000 63,000
171,087 160,659

CURRENT ASSETS
Stocks 7,657 6,763
Debtors 256,447 262,137
Cash at bank 351,050 306,807
615,154 575,707
CREDITORS
Amounts falling due within one year 245,617 219,739
NET CURRENT ASSETS 369,537 355,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,624

516,627

PROVISIONS FOR LIABILITIES 20,536 18,555
NET ASSETS 520,088 498,072

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 520,083 498,067
SHAREHOLDERS' FUNDS 520,088 498,072

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

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

D.A.C INDUSTRIES LTD (REGISTERED NUMBER: 07257208)

ABRIDGED BALANCE SHEET - continued
31 May 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 January 2024 and were signed on its behalf by:





C K Hickman - Director


D.A.C INDUSTRIES LTD (REGISTERED NUMBER: 07257208)

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

1. STATUTORY INFORMATION

D.A.C Industries 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.

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.
Plant & machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 10% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 11 ) .

D.A.C INDUSTRIES LTD (REGISTERED NUMBER: 07257208)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 270,417
Additions 27,770
At 31 May 2023 298,187
DEPRECIATION
At 1 June 2022 172,758
Charge for year 17,342
At 31 May 2023 190,100
NET BOOK VALUE
At 31 May 2023 108,087
At 31 May 2022 97,659

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Cost brought forward 63,000 -
Additions - 63,000
63,000 63,000

6. ULTIMATE CONTROLLING PARTY

The controlling party is C K Hickman.