1 February 2023 v2024.6.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP069882962023-02-012024-01-31069882962024-01-31069882962023-01-3106988296core:WithinOneYear2024-01-3106988296core:WithinOneYear2023-01-3106988296core:ShareCapital2024-01-3106988296core:ShareCapital2023-01-3106988296core:RetainedEarningsAccumulatedLosses2024-01-3106988296core:RetainedEarningsAccumulatedLosses2023-01-3106988296bus:Director12023-02-012024-01-3106988296bus:RegisteredOffice2023-02-012024-01-3106988296core:PlantMachinery2023-02-012024-01-3106988296core:FurnitureFittingsToolsEquipment2023-02-012024-01-3106988296core:MotorVehicles2023-02-012024-01-31069882962021-11-012023-01-3106988296core:LandBuildings2023-02-0106988296core:PlantMachinery2023-02-01069882962023-02-0106988296core:LandBuildings2024-01-3106988296core:PlantMachinery2024-01-3106988296core:LandBuildings2023-01-3106988296core:PlantMachinery2023-01-310698829612023-02-012024-01-3106988296countries:EnglandWales2023-02-012024-01-3106988296bus:AuditExemptWithAccountantsReport2023-02-012024-01-3106988296bus:PrivateLimitedCompanyLtd2023-02-012024-01-3106988296bus:SmallEntities2023-02-012024-01-3106988296bus:FullAccounts2023-02-012024-01-31
Company registration number:
06988296
Dicerick Limited
Unaudited Filleted Financial Statements for the year ended
31 January 2024
Dicerick Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Dicerick Limited
Year ended
31 January 2024
As described on the statement of financial position, the Board of Directors of
Dicerick Limited
are responsible for the preparation of the
financial statements
for the year ended
31 January 2024
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Lee Accounting (South West) Limited
Chartered Certified Accountants
19b Golvers Hill Road
Kingsteignton
Newton Abbot
Devon
TQ12 3BP
United Kingdom
Date:
5 March 2024
Dicerick Limited
Statement of Financial Position
31 January 2024
20242023
Note££
Fixed assets    
Tangible assets 5
110,049
 
116,885
 
Current assets    
Stocks
16,812
 
15,243
 
Debtors 6
9,084
 
2,216
 
Cash at bank and in hand
337,833
 
461,644
 
363,729
 
479,103
 
Creditors: amounts falling due within one year 7
(83,497
)
(123,412
)
Net current assets
280,232
 
355,691
 
Total assets less current liabilities 390,281   472,576  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
390,181
 
472,476
 
Shareholders funds
390,281
 
472,576
 
For the year ending
31 January 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
5 March 2024
, and are signed on behalf of the board by:
Mr Mauro Pettinelli
Director
Company registration number:
06988296
Dicerick Limited
Notes to the Financial Statements
Year ended
31 January 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
29 Torwood Street
,
Torquay
,
Devon
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery
25% straight line
Fixtures, fittings and equipment
25% straight line
Motor vehicles
25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
35
(2023:
35.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 February 2023
8,340
 
525,919
 
534,259
 
Additions -  
50,657
 
50,657
 
At
31 January 2024
8,340
 
576,576
 
584,916
 
Depreciation      
At
1 February 2023
1,980
 
415,394
 
417,374
 
Charge -  
57,493
 
57,493
 
At
31 January 2024
1,980
 
472,887
 
474,867
 
Carrying amount      
At
31 January 2024
6,360
 
103,689
 
110,049
 
At 31 January 2023
6,360
 
110,525
 
116,885
 

6 Debtors

20242023
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
(1,308
)
(11,388
)
Other debtors
10,392
 
13,604
 
9,084
 
2,216
 

7 Creditors: amounts falling due within one year

20242023
££
Trade creditors
30,814
 
36,043
 
Taxation and social security
34,707
 
62,974
 
Other creditors
17,976
 
24,395
 
83,497
 
123,412