Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30true62022-07-01false5trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04808409 2022-07-01 2023-06-30 04808409 2021-07-01 2022-06-30 04808409 2023-06-30 04808409 2022-06-30 04808409 c:Director2 2022-07-01 2023-06-30 04808409 d:MotorVehicles 2022-07-01 2023-06-30 04808409 d:MotorVehicles 2023-06-30 04808409 d:MotorVehicles 2022-06-30 04808409 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04808409 d:OfficeEquipment 2022-07-01 2023-06-30 04808409 d:OfficeEquipment 2023-06-30 04808409 d:OfficeEquipment 2022-06-30 04808409 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04808409 d:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 04808409 d:CurrentFinancialInstruments 2023-06-30 04808409 d:CurrentFinancialInstruments 2022-06-30 04808409 d:Non-currentFinancialInstruments 2023-06-30 04808409 d:Non-currentFinancialInstruments 2022-06-30 04808409 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 04808409 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 04808409 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 04808409 d:Non-currentFinancialInstruments d:AfterOneYear 2022-06-30 04808409 d:ShareCapital 2023-06-30 04808409 d:ShareCapital 2022-06-30 04808409 d:RetainedEarningsAccumulatedLosses 2023-06-30 04808409 d:RetainedEarningsAccumulatedLosses 2022-06-30 04808409 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 04808409 d:AcceleratedTaxDepreciationDeferredTax 2022-06-30 04808409 d:OtherDeferredTax 2023-06-30 04808409 d:OtherDeferredTax 2022-06-30 04808409 c:OrdinaryShareClass1 2022-07-01 2023-06-30 04808409 c:OrdinaryShareClass1 2023-06-30 04808409 c:OrdinaryShareClass1 2022-06-30 04808409 c:OrdinaryShareClass2 2022-07-01 2023-06-30 04808409 c:OrdinaryShareClass2 2023-06-30 04808409 c:OrdinaryShareClass2 2022-06-30 04808409 c:OrdinaryShareClass3 2022-07-01 2023-06-30 04808409 c:OrdinaryShareClass3 2023-06-30 04808409 c:OrdinaryShareClass3 2022-06-30 04808409 c:FRS102 2022-07-01 2023-06-30 04808409 c:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 04808409 c:FullAccounts 2022-07-01 2023-06-30 04808409 c:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 04808409 d:WithinOneYear 2023-06-30 04808409 d:WithinOneYear 2022-06-30 04808409 d:BetweenOneFiveYears 2023-06-30 04808409 d:BetweenOneFiveYears 2022-06-30 04808409 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 04808409 d:HirePurchaseContracts d:WithinOneYear 2022-06-30 04808409 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 04808409 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-06-30 04808409 6 2022-07-01 2023-06-30 04808409 e:PoundSterling 2022-07-01 2023-06-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04808409









DAKRAM MATERIALS LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2023

 
DAKRAM MATERIALS LTD
REGISTERED NUMBER: 04808409

BALANCE SHEET
AS AT 30 JUNE 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
110,977
94,445

Investments
 5 
100
100

  
111,077
94,545

CURRENT ASSETS
  

Stocks
  
201,215
482,576

Debtors
 6 
426,090
653,546

Cash at bank and in hand
  
446,101
245,365

  
1,073,406
1,381,487

Creditors: amounts falling due within one year
 7 
(534,598)
(848,715)

NET CURRENT ASSETS
  
 
 
538,808
 
 
532,772

TOTAL ASSETS LESS CURRENT LIABILITIES
  
649,885
627,317

Creditors: amounts falling due after more than one year
 8 
(24,994)
(75,584)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 10 
(27,499)
(22,865)

NET ASSETS
  
597,392
528,868


CAPITAL AND RESERVES
  

Called up share capital 
 11 
2
2

Profit and loss account
  
597,390
528,866

  
597,392
528,868


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.

Page 1

 
DAKRAM MATERIALS LTD
REGISTERED NUMBER: 04808409
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

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 statement of income and retained earnings 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 by: 




Mrs K E Mingay
Director

Date: 29 February 2024

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

Page 2

 
DAKRAM MATERIALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1.


GENERAL INFORMATION

Dakram Materials Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is Salisbury House, Station Road, Cambridge, CB1 2LA. The principal place of business is Unit 1, The Old School, Church Street, Biggleswade, Bedfordshire, SG18 0JS.  
The figures in the accounts are rounded to the nearest pound.

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

TURNOVER

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. Turnover from sales of goods is recognised once the goods are delivered and the risk and rewards have transferred to the customer. Turnover from supply of services is recognised in line with performance of the service.

 
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 Income and Retained Earnings in the same period as the related expenditure.

 
2.4

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 3

 
DAKRAM MATERIALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.ACCOUNTING POLICIES (CONTINUED)


2.4
TANGIBLE FIXED ASSETS (CONTINUED)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
Straight line over the life of the finance lease
Office equipment
-
3 years straight line

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.

 
2.5

VALUATION OF INVESTMENTS

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.6

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 weighted average 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.

 
2.7

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.

 
2.8

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 4

 
DAKRAM MATERIALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.10

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.

 
2.11

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.

 
2.12

OPERATING LEASES

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

 
2.13

LEASED ASSETS

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Page 5

 
DAKRAM MATERIALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.14

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.15

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.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 5 (2022 - 6).

Page 6

 
DAKRAM MATERIALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

4.


TANGIBLE FIXED ASSETS





Motor vehicles
Office equipment
Total

£
£
£



COST OR VALUATION


At 1 July 2022
159,883
48,341
208,224


Additions
70,090
3,029
73,119


Disposals
(79,250)
(23,786)
(103,036)



At 30 June 2023

150,723
27,584
178,307



DEPRECIATION


At 1 July 2022
68,559
45,220
113,779


Charge for the year on owned assets
19,175
3,028
22,203


Disposals
(44,866)
(23,786)
(68,652)



At 30 June 2023

42,868
24,462
67,330



NET BOOK VALUE



At 30 June 2023
107,855
3,122
110,977



At 30 June 2022
91,324
3,121
94,445


5.


FIXED ASSET INVESTMENTS





Other fixed asset investments

£



COST OR VALUATION


At 1 July 2022
100



At 30 June 2023
100




Page 7

 
DAKRAM MATERIALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

6.


DEBTORS


2023
2022
£
£

DUE AFTER MORE THAN ONE YEAR

Other debtors
4,010
6,188

DUE WITHIN ONE YEAR

Trade debtors
410,253
640,272

Other debtors
-
458

Prepayments and accrued income
11,827
6,628

426,090
653,546



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank loans
-
10,000

Trade creditors
314,268
607,065

Corporation tax
45,111
58,251

Other taxation and social security
79,037
82,880

Obligations under finance lease and hire purchase contracts
48,558
47,050

Other creditors
25,140
29,139

Accruals and deferred income
22,484
14,330

534,598
848,715


Obligations under finance leases and hire purchase contracts are secured on the assets concerned.


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
-
34,167

Net obligations under finance leases and hire purchase contracts
24,994
41,417

24,994
75,584


Obligations under finance leases and hire purchase contracts are secured on the assets concerned.

Page 8

 
DAKRAM MATERIALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

9.


HIRE PURCHASE AND FINANCE LEASES


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
48,558
47,050

Between 1-5 years
24,994
41,417

73,552
88,467


10.


DEFERRED TAXATION




2023


£






At beginning of year
22,865


Charged to profit or loss
4,634



AT END OF YEAR
27,499

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
27,744
22,939

Short term timing differences
(245)
(74)

27,499
22,865


11.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



180 (2022 - 180) Ordinary shares of £0.01 each
1.80
1.80
10 (2022 - 10) Ordinary A shares of £0.01 each
0.10
0.10
10 (2022 - 10) Ordinary B shares of £0.01 each
0.10
0.10

2.00

2.00


Page 9

 
DAKRAM MATERIALS LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

12.


COMMITMENTS UNDER OPERATING LEASES

At 30 June 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
1,176
10,775

Later than 1 year and not later than 5 years
2,351
3,527

3,527
14,302

 
Page 10