Dencomp Equipment Limited 05966828 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is the supply and marketing of compressors Digita Accounts Production Advanced 6.30.9574.0 true 05966828 2023-01-01 2023-12-31 05966828 2023-12-31 05966828 core:CurrentFinancialInstruments 2023-12-31 05966828 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05966828 core:LandBuildings 2023-12-31 05966828 core:OtherPropertyPlantEquipment 2023-12-31 05966828 bus:SmallEntities 2023-01-01 2023-12-31 05966828 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 05966828 bus:FullAccounts 2023-01-01 2023-12-31 05966828 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05966828 bus:RegisteredOffice 2023-01-01 2023-12-31 05966828 bus:Director1 2023-01-01 2023-12-31 05966828 bus:Director2 2023-01-01 2023-12-31 05966828 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05966828 core:LandBuildings 2023-01-01 2023-12-31 05966828 core:LeaseholdImprovements 2023-01-01 2023-12-31 05966828 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 05966828 core:PlantMachinery 2023-01-01 2023-12-31 05966828 countries:AllCountries 2023-01-01 2023-12-31 05966828 2022-12-31 05966828 core:LandBuildings 2022-12-31 05966828 core:OtherPropertyPlantEquipment 2022-12-31 05966828 2022-01-01 2022-12-31 05966828 2022-12-31 05966828 core:CurrentFinancialInstruments 2022-12-31 05966828 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 05966828 core:LandBuildings 2022-12-31 05966828 core:OtherPropertyPlantEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 05966828

Dencomp Equipment Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Dencomp Equipment Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Dencomp Equipment Limited

Company Information

Directors

Mr S D Langley

Mrs LA Langley

Registered office

Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

Accountants

Regulatory Accounting Ltd
T/A Optimum Professional Services
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE

 

Dencomp Equipment Limited

(Registration number: 05966828)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

16,904

817

Current assets

 

Stocks

5

115,849

142,071

Debtors

6

127,794

53,525

Cash at bank and in hand

 

45,192

42,535

 

288,835

238,131

Creditors: Amounts falling due within one year

7

(60,364)

(48,911)

Net current assets

 

228,471

189,220

Net assets

 

245,375

190,037

Capital and reserves

 

Called up share capital

100

100

Retained earnings

245,275

189,937

Shareholders' funds

 

245,375

190,037

For the financial year ending 31 December 2023 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 March 2024 and signed on its behalf by:
 

 

Dencomp Equipment Limited

(Registration number: 05966828)
Balance Sheet as at 31 December 2023

.........................................
Mr S D Langley
Director

.........................................
Mrs LA Langley
Director

 

Dencomp Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Vicarage Court
160 Ermin Street
Swindon
Wiltshire
SN3 4NE
England

These financial statements were authorised for issue by the Board on 12 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Dencomp Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Alterations to premises

20% straight line method

Plant and machinery

15% reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Dencomp Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Dencomp Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2023

13,069

5,504

18,573

Additions

-

18,740

18,740

Disposals

-

(5,504)

(5,504)

At 31 December 2023

13,069

18,740

31,809

Depreciation

At 1 January 2023

13,069

4,687

17,756

Charge for the year

-

1,836

1,836

Eliminated on disposal

-

(4,687)

(4,687)

At 31 December 2023

13,069

1,836

14,905

Carrying amount

At 31 December 2023

-

16,904

16,904

At 31 December 2022

-

817

817

5

Stocks

2023
£

2022
£

Other inventories

115,849

142,071

6

Debtors

Current

2023
£

2022
£

Trade debtors

97,795

53,525

Other debtors

29,999

-

 

127,794

53,525

7

Creditors

Creditors: amounts falling due within one year

 

Dencomp Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

2023
£

2022
£

Due within one year

Trade creditors

29,156

8,136

Taxation and social security

28,823

36,702

Accruals and deferred income

417

416

Other creditors

1,968

3,657

60,364

48,911