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REGISTERED NUMBER: 07067707 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DAYCO PROPERTY MAINTENANCE LTD

DAYCO PROPERTY MAINTENANCE LTD (REGISTERED NUMBER: 07067707)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAYCO PROPERTY MAINTENANCE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr S J Day
Mr T J Lloyd





REGISTERED OFFICE: 30 Station Road
Barnet
London
EN5 1PL





REGISTERED NUMBER: 07067707 (England and Wales)





ACCOUNTANTS: TaxAgility Limited
34 Lower Richmond Road
Putney
London
SW15 1JP

DAYCO PROPERTY MAINTENANCE LTD (REGISTERED NUMBER: 07067707)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 290,035 331,469
Property, plant and equipment 5 51,236 13,067
341,271 344,536

CURRENT ASSETS
Inventories 30,910 30,000
Debtors 6 698,552 654,256
Cash at bank 148,179 109,405
877,641 793,661
CREDITORS
Amounts falling due within one year 7 (456,892 ) (403,147 )
NET CURRENT ASSETS 420,749 390,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

762,020

735,050

CREDITORS
Amounts falling due after more than one year 8 (39,143 ) (57,621 )

PROVISIONS FOR LIABILITIES (9,735 ) (2,483 )
NET ASSETS 713,142 674,946

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 414,336 414,336
Retained earnings 297,806 259,610
SHAREHOLDERS' FUNDS 713,142 674,946

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.

DAYCO PROPERTY MAINTENANCE LTD (REGISTERED NUMBER: 07067707)

BALANCE SHEET - 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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mr S J Day - Director


DAYCO PROPERTY MAINTENANCE LTD (REGISTERED NUMBER: 07067707)

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

1. STATUTORY INFORMATION

Dayco Property Maintenance Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2022 - 40 ) .

DAYCO PROPERTY MAINTENANCE LTD (REGISTERED NUMBER: 07067707)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 414,336
AMORTISATION
At 1 January 2023 82,867
Charge for year 41,434
At 31 December 2023 124,301
NET BOOK VALUE
At 31 December 2023 290,035
At 31 December 2022 331,469

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 24,086 4,851 40,218 9,146 78,301
Additions 14,232 5,475 30,917 5,126 55,750
Disposals - - (7,296 ) - (7,296 )
At 31 December 2023 38,318 10,326 63,839 14,272 126,755
DEPRECIATION
At 1 January 2023 22,901 3,898 34,916 3,519 65,234
Charge for year 1,981 885 10,304 3,133 16,303
Eliminated on disposal - - (6,018 ) - (6,018 )
At 31 December 2023 24,882 4,783 39,202 6,652 75,519
NET BOOK VALUE
At 31 December 2023 13,436 5,543 24,637 7,620 51,236
At 31 December 2022 1,185 953 5,302 5,627 13,067

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 683,318 638,589
Other debtors 15,234 15,667
698,552 654,256

DAYCO PROPERTY MAINTENANCE LTD (REGISTERED NUMBER: 07067707)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 24,327 20,008
Trade creditors 130,949 63,457
Taxation and social security 224,996 135,582
Other creditors 76,620 184,100
456,892 403,147

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 14,167 24,167
Other creditors 24,976 33,454
39,143 57,621

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Mr S J Day
Balance outstanding at start of year (81,394 ) (89,744 )
Amounts advanced 56,350 -
Amounts repaid - 8,350
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (25,044 ) (81,394 )

Mr T J Lloyd
Balance outstanding at start of year (84,577 ) (89,744 )
Amounts advanced 59,646 -
Amounts repaid - 5,167
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (24,931 ) (84,577 )