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REGISTERED NUMBER: 04104234 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Dokic Joinery Limited

Dokic Joinery Limited (Registered number: 04104234)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Dokic Joinery Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P Dokic
L M J Dokic





REGISTERED OFFICE: Oak Apple House
North Street
Milborne Port
Sherborne
DT9 5EW





BUSINESS ADDRESS: Porte Marsh Road
Porte Marsh Industrial Estate
Calne
SN11 9BN





REGISTERED NUMBER: 04104234 (England and Wales)





ACCOUNTANTS: Silbury Accountants Limited
Chartered Accountants
Oak Apple House
North Street
Milborne Port
Sherborne
DT9 5EW

Dokic Joinery Limited (Registered number: 04104234)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 572,955 571,796

CURRENT ASSETS
Inventories 81,000 94,500
Debtors 5 150,504 90,599
Cash at bank 50,909 143,631
282,413 328,730
CREDITORS
Amounts falling due within one year 6 266,050 264,171
NET CURRENT ASSETS 16,363 64,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

589,318

636,355

CREDITORS
Amounts falling due after more than one
year

7

(398,575

)

(427,221

)

PROVISIONS FOR LIABILITIES (8,774 ) (5,398 )
NET ASSETS 181,969 203,736

CAPITAL AND RESERVES
Called up share capital 9 140 140
Share premium 1,960 1,960
Retained earnings 179,869 201,636
SHAREHOLDERS' FUNDS 181,969 203,736

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.

Dokic Joinery Limited (Registered number: 04104234)

Statement of Financial Position - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:





P Dokic - Director


Dokic Joinery Limited (Registered number: 04104234)

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

1. STATUTORY INFORMATION

Dokic Joinery 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
Revenue 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.
Land and buildings - 6% on cost and 2% on cost
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories 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 inventories to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 20 (2022 - 20 ) .

Dokic Joinery Limited (Registered number: 04104234)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 586,043 205,952 791,995
Additions - 17,399 17,399
Disposals - (3,450 ) (3,450 )
At 31 December 2023 586,043 219,901 805,944
DEPRECIATION
At 1 January 2023 37,449 182,750 220,199
Charge for year 6,005 10,118 16,123
Eliminated on disposal - (3,333 ) (3,333 )
At 31 December 2023 43,454 189,535 232,989
NET BOOK VALUE
At 31 December 2023 542,589 30,366 572,955
At 31 December 2022 548,594 23,202 571,796

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 147,576 89,099
Other debtors 2,928 1,500
150,504 90,599

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 7,610 10,545
Trade creditors 106,994 67,718
Taxation and social security 92,323 72,234
Other creditors 59,123 113,674
266,050 264,171

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 319,219 323,895
Other creditors 79,356 103,326
398,575 427,221

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 288,778 281,716

Dokic Joinery Limited (Registered number: 04104234)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 326,829 334,440

A fixed charge is in place on freehold property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary A £1 100 100
40 Ordinary B £1 40 40
140 140

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 (2022 - £80,000) were paid to the directors .