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REGISTERED NUMBER: 01301508 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024

FOR

DAU COMPONENTS LIMITED

DAU COMPONENTS LIMITED (REGISTERED NUMBER: 01301508)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAU COMPONENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024







DIRECTORS: Mr P M Harmer
Mr R Thompson





REGISTERED OFFICE: 70-74 Barnham Road
Barnham
Bognor Regis
West Sussex
PO22 0ES





REGISTERED NUMBER: 01301508 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

DAU COMPONENTS LIMITED (REGISTERED NUMBER: 01301508)

BALANCE SHEET
31 MARCH 2024

2024 2022
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - 2,425
Tangible assets 5 127,956 125,907
127,956 128,332

CURRENT ASSETS
Stocks 241,789 206,821
Debtors 6 453,442 576,165
Cash at bank and in hand 511,860 218,578
1,207,091 1,001,564
CREDITORS
Amounts falling due within one year 7 440,739 313,243
NET CURRENT ASSETS 766,352 688,321
TOTAL ASSETS LESS CURRENT
LIABILITIES

894,308

816,653

CREDITORS
Amounts falling due after more than one year 8 (55,593 ) (77,542 )

PROVISIONS FOR LIABILITIES 10 (20,128 ) (23,723 )
NET ASSETS 818,587 715,388

CAPITAL AND RESERVES
Called up share capital 31 31
Capital redemption reserve 22 22
Retained earnings 818,534 715,335
SHAREHOLDERS' FUNDS 818,587 715,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

DAU COMPONENTS LIMITED (REGISTERED NUMBER: 01301508)

BALANCE SHEET - continued
31 MARCH 2024


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 19 August 2024 and were signed on its behalf by:





Mr P M Harmer - Director


DAU COMPONENTS LIMITED (REGISTERED NUMBER: 01301508)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


1. STATUTORY INFORMATION

Dau Components 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.

The financial statements are presented in sterling (£), which is also the functional currency of the company.

Disclosure of long accounting period
The information reported in the financial statements for the accounting period has been included for a period of 15 months from 1 January 2023 - 31 March 2024.
The prior year has been reported on for the period 1 January 2022 - 31 December 2022.

Revenue
Revenue, described as turnover, is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Website development is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of average cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method, unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation
Taxation for the period 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.


DAU COMPONENTS LIMITED (REGISTERED NUMBER: 01301508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the beginning of the month for the whole month in which the invoice falls. Exchange differences are taken into account in arriving at the operating result.

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 the profit and loss account in the period to which they relate.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 12 (2022 - 10 ) .

DAU COMPONENTS LIMITED (REGISTERED NUMBER: 01301508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 January 2023 70,260
Disposals (70,260 )
At 31 March 2024 -
AMORTISATION
At 1 January 2023 67,835
Eliminated on disposal (67,835 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 December 2022 2,425

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor Computer
leasehold fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 January 2023 - 48,287 131,591 118,149 298,027
Additions 44,328 100 - 10,039 54,467
Disposals - - (1,600 ) (109,220 ) (110,820 )
At 31 March 2024 44,328 48,387 129,991 18,968 241,674
DEPRECIATION
At 1 January 2023 - 45,119 12,433 114,568 172,120
Charge for period 6,333 1,271 40,622 4,080 52,306
Eliminated on disposal - - (1,600 ) (109,108 ) (110,708 )
At 31 March 2024 6,333 46,390 51,455 9,540 113,718
NET BOOK VALUE
At 31 March 2024 37,995 1,997 78,536 9,428 127,956
At 31 December 2022 - 3,168 119,158 3,581 125,907

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£ £
Trade debtors 383,093 516,412
Other debtors 70,349 59,753
453,442 576,165

DAU COMPONENTS LIMITED (REGISTERED NUMBER: 01301508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£ £
Hire purchase contracts 17,726 16,099
Trade creditors 157,682 172,644
Taxation and social security 259,335 118,192
Other creditors 5,996 6,308
440,739 313,243

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2022
£ £
Hire purchase contracts 55,593 77,542

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2022
£ £
Hire purchase contracts 73,319 93,641

At the balance sheet date secured loans totalling £17,726 (2022 : £16,099) were due within 1 year and £55,593 (2022 : £77,542) were due in more than 1 year. The balances are secured against the assets to which they relate.

10. PROVISIONS FOR LIABILITIES
2024 2022
£ £
Deferred tax 20,128 23,723

Deferred tax
£
Balance at 1 January 2023 23,723
Accelerated capital allowances (3,595 )
Balance at 31 March 2024 20,128

DAU COMPONENTS LIMITED (REGISTERED NUMBER: 01301508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2023 TO 31 MARCH 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2024 and the year ended 31 December 2022:

2024 2022
£ £
Mr P M Harmer
Balance outstanding at start of period 266 -
Amounts advanced - 266
Amounts repaid (266 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 266

No interest have been charged on the above loan and there are no fixed terms for repayment.