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REGISTERED NUMBER: 10556155 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DOURISH & DAY LIMITED

DOURISH & DAY LIMITED (REGISTERED NUMBER: 10556155)






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


DOURISH & DAY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: S R Dourish
J Day





REGISTERED OFFICE: 14 Salter Street
Stafford
Staffordshire
ST16 2JU





REGISTERED NUMBER: 10556155 (England and Wales)





ACCOUNTANTS: Howards Limited
Chartered Certified Accountants
Newport House
Newport Road
Stafford
Staffordshire
ST16 1DA

DOURISH & DAY LIMITED (REGISTERED NUMBER: 10556155)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 215,895 301,722
Investments 6 50 50
215,945 301,772

CURRENT ASSETS
Debtors 7 244,508 198,061
Prepayments and accrued income 23,899 21,816
Cash at bank and in hand 1,449,368 1,413,209
1,717,775 1,633,086
CREDITORS
Amounts falling due within one year 8 208,744 211,961
NET CURRENT ASSETS 1,509,031 1,421,125
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,724,976

1,722,897

CREDITORS
Amounts falling due after more than one
year

9

-

(6,460

)

PROVISIONS FOR LIABILITIES (53,974 ) (56,849 )

ACCRUALS AND DEFERRED INCOME (16,002 ) (19,476 )
NET ASSETS 1,655,000 1,640,112

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,654,900 1,640,012
SHAREHOLDERS' FUNDS 1,655,000 1,640,112

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.

DOURISH & DAY LIMITED (REGISTERED NUMBER: 10556155)

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 5 April 2024 and were signed on its behalf by:




S R Dourish - Director



J Day - Director


DOURISH & DAY LIMITED (REGISTERED NUMBER: 10556155)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Dourish & Day Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 10556155 and the registered office address is 14 Salter Street, Stafford, Staffordshire, England, ST16 2JU

The principal activity of the company is that of an estate agents.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Functional currency
The financial statements are prepared in sterling (£). The functional currency of the company is sterling (£).

Significant judgements and estimates
In determining and applying accounting policies, judgement is often required in respect of items where the choice of specific policy, accounting estimate or assumption to be followed could materially affect the reported results or net asset position of the company; it may later be determined that a different choice would have been more appropriate. Management considers that certain accounting estimates and assumptions relating to revenue, taxation, tangible fixed assets, provisions and contingent liabilities, accruals and impairment are its critical accounting estimates.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


DOURISH & DAY LIMITED (REGISTERED NUMBER: 10556155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions
Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

Impairment of non financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

Inventories are also assessed for impairment at each reporting date. The carrying amount of each item of inventory, or group of similar items, is compared with its selling price less costs to complete and sell. If an item of inventory or group of similar items is impaired, its carrying amount is reduced to selling price less costs to complete and sell, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 22 ) .

DOURISH & DAY LIMITED (REGISTERED NUMBER: 10556155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 79,262 389,272 27,248 495,782
Additions - - 8,536 8,536
Disposals - (60,766 ) - (60,766 )
At 31 December 2023 79,262 328,506 35,784 443,552
DEPRECIATION
At 1 January 2023 23,689 153,603 16,768 194,060
Charge for year 13,893 55,807 7,557 77,257
Eliminated on disposal - (43,660 ) - (43,660 )
At 31 December 2023 37,582 165,750 24,325 227,657
NET BOOK VALUE
At 31 December 2023 41,680 162,756 11,459 215,895
At 31 December 2022 55,573 235,669 10,480 301,722

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 268,128
Transfer to ownership (132,140 )
At 31 December 2023 135,988
DEPRECIATION
At 1 January 2023 69,625
Charge for year 26,914
Transfer to ownership (41,294 )
At 31 December 2023 55,245
NET BOOK VALUE
At 31 December 2023 80,743
At 31 December 2022 198,503

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 50
NET BOOK VALUE
At 31 December 2023 50
At 31 December 2022 50

DOURISH & DAY LIMITED (REGISTERED NUMBER: 10556155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 51,590 86,656
Other debtors 103,026 4,075
154,616 90,731

Amounts falling due after more than one year:
Other debtors 89,892 107,330

Aggregate amounts 244,508 198,061

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 6,460 44,380
Trade creditors 13,036 13,979
Taxation and social security 180,573 143,288
Other creditors 8,675 10,314
208,744 211,961

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 6,460

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 6,460 50,840

The hire purchase liabilities are secured against the assets to which they relate.

11. OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments totalling £309,194 (2022 - £370,194).

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end £100,000 had been advanced to J Day.