IRIS Accounts Production v24.1.9.2 09671506 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh096715062022-12-31096715062023-12-31096715062023-01-012023-12-31096715062021-12-31096715062022-01-012022-12-31096715062022-12-3109671506ns15:EnglandWales2023-01-012023-12-3109671506ns14:PoundSterling2023-01-012023-12-3109671506ns10:Director12023-01-012023-12-3109671506ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109671506ns10:SmallEntities2023-01-012023-12-3109671506ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109671506ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109671506ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3109671506ns10:FullAccounts2023-01-012023-12-3109671506ns10:Director22023-01-012023-12-3109671506ns10:RegisteredOffice2023-01-012023-12-3109671506ns5:CurrentFinancialInstruments2023-12-3109671506ns5:CurrentFinancialInstruments2022-12-3109671506ns5:Non-currentFinancialInstruments2023-12-3109671506ns5:Non-currentFinancialInstruments2022-12-3109671506ns5:ShareCapital2023-12-3109671506ns5:ShareCapital2022-12-3109671506ns5:CapitalRedemptionReserve2023-12-3109671506ns5:CapitalRedemptionReserve2022-12-3109671506ns5:RetainedEarningsAccumulatedLosses2023-12-3109671506ns5:RetainedEarningsAccumulatedLosses2022-12-3109671506ns5:CostValuation2022-12-3109671506ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3109671506ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3109671506ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3109671506ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3109671506ns5:Non-currentFinancialInstruments2023-01-012023-12-3109671506ns5:Secured2023-12-3109671506ns5:Secured2022-12-31
REGISTERED NUMBER: 09671506 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

DES SERVICES GROUP UK LTD

DES SERVICES GROUP UK LTD (REGISTERED NUMBER: 09671506)






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


DES SERVICES GROUP UK LTD

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr S P Egan
Mr G A Hood





REGISTERED OFFICE: Sovereign House Wyrefields
Poulton Industrial Estate
Poulton-Le-Fylde
Lancashire
FY6 8JX





REGISTERED NUMBER: 09671506 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

DES SERVICES GROUP UK LTD (REGISTERED NUMBER: 09671506)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 1,010,035 1,010,035
Investment property 5 306,720 306,720
1,316,755 1,316,755

CURRENT ASSETS
Debtors 6 6,635 79,383
Cash at bank 19,862 116,723
26,497 196,106
CREDITORS
Amounts falling due within one year 7 (263,018 ) (472,820 )
NET CURRENT LIABILITIES (236,521 ) (276,714 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,080,234

1,040,041

CREDITORS
Amounts falling due after more than one
year

8

(112,673

)

(133,388

)
NET ASSETS 967,561 906,653

CAPITAL AND RESERVES
Called up share capital 234 234
Capital redemption reserve 90 90
Retained earnings 967,237 906,329
SHAREHOLDERS' FUNDS 967,561 906,653

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.

DES SERVICES GROUP UK LTD (REGISTERED NUMBER: 09671506)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Mr G A Hood - Director


DES SERVICES GROUP UK LTD (REGISTERED NUMBER: 09671506)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

DES Services Group Uk 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.

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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2022 - NIL).

DES SERVICES GROUP UK LTD (REGISTERED NUMBER: 09671506)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 1,010,035
NET BOOK VALUE
At 31 December 2023 1,010,035
At 31 December 2022 1,010,035

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 306,720
NET BOOK VALUE
At 31 December 2023 306,720
At 31 December 2022 306,720

Fair value at 31 December 2023 is represented by:
£   
Cost 306,720

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 306,720 306,720

Investment property was valued on an open market basis on 31 December 2023 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,200 3,200
Amounts owed by group undertakings 3,435 3,435
Directors' current accounts - 72,748
6,635 79,383

DES SERVICES GROUP UK LTD (REGISTERED NUMBER: 09671506)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,715 19,741
Trade creditors - 2,280
Amounts owed to group undertakings 229,194 445,344
VAT 1,216 1,600
Directors' current accounts 7,662 -
Accruals and deferred income 4,231 3,855
263,018 472,820

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 112,673 133,388

Bank loans at the year end amounted to £133,389 (2022: £153,129) with installments due greater than 5 years of £19,494 (2022: £Nil).

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 133,388 153,129

The bank loan is secured on the property owned by the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors operated a loan account with the company. The balance outstanding to the company at 31 December 2023 was £Nil (2022: £72,748).

The loan to the directors was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £172,750 (2022 - £270,000) were paid to the directors .