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Registered number: 10318789
Daci Utilities Engineering Consultancy Limited
Unaudited Financial Statements
For the Period 1 April 2023 to 31 December 2023
Amarillo Accounting Ltd
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—7
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Daci Utilities Engineering Consultancy Limited for the period 1 April 2023 to 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Daci Utilities Engineering Consultancy Limited for the period 1 April 2023 to 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-public-interest/memberregulations.
This report is made solely to the directors of Daci Utilities Engineering Consultancy Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Daci Utilities Engineering Consultancy Limited and state those matters that we have agreed to state to the directors of Daci Utilities Engineering Consultancy Limited , as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Daci Utilities Engineering Consultancy Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Daci Utilities Engineering Consultancy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Daci Utilities Engineering Consultancy Limited . You consider that Daci Utilities Engineering Consultancy Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit of the accounts of Daci Utilities Engineering Consultancy Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
21/08/2024
Amarillo Accounting Ltd
IFA
Linley House
Dickinson Street
Manchester
M1 4LF
Page 1
Page 2
Balance Sheet
Registered number: 10318789
31 December 2023 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 304,041 297,025
304,041 297,025
CURRENT ASSETS
Debtors 5 647,231 512,768
Cash at bank and in hand 1,505,104 900,344
2,152,335 1,413,112
Creditors: Amounts Falling Due Within One Year 6 (410,550 ) (301,424 )
NET CURRENT ASSETS (LIABILITIES) 1,741,785 1,111,688
TOTAL ASSETS LESS CURRENT LIABILITIES 2,045,826 1,408,713
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (11,760 ) (6,813 )
NET ASSETS 2,034,066 1,401,900
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 2,033,966 1,401,800
SHAREHOLDERS' FUNDS 2,034,066 1,401,900
Page 2
Page 3
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D Conde
Director
21/08/2024
The notes on pages 5 to 7 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2022 100 913,711 913,811
Profit for the year and total comprehensive income - 525,789 525,789
Dividends paid - (37,700) (37,700)
As at 31 March 2023 and 1 April 2023 100 1,401,800 1,401,900
Profit for the period and total comprehensive income - 669,866 669,866
Dividends paid - (37,700) (37,700)
As at 31 December 2023 100 2,033,966 2,034,066
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Daci Utilities Engineering Consultancy Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10318789 . The registered office is 1 Caxton Street, Salford, M3 5AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 2% straight line per annum
Motor Vehicles 15% straight line per annum
Computer Equipment 33% straight line per annum
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 20 (2023: 18)
20 18
Page 5
Page 6
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2023 277,839 - 115,298 393,137
Additions - 15,935 15,183 31,118
As at 31 December 2023 277,839 15,935 130,481 424,255
Depreciation
As at 1 April 2023 16,671 - 79,441 96,112
Provided during the period 4,168 598 19,336 24,102
As at 31 December 2023 20,839 598 98,777 120,214
Net Book Value
As at 31 December 2023 257,000 15,337 31,704 304,041
As at 1 April 2023 261,168 - 35,857 297,025
5. Debtors
31 December 2023 31 March 2023
£ £
Due within one year
Trade debtors 634,358 491,714
Prepayments and accrued income 12,873 13,367
Director's Loan Account - 7,687
647,231 512,768
6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 March 2023
£ £
Trade creditors 4,573 6,823
Corporation tax 224,844 106,993
Other taxes and social security 25,160 17,151
VAT 131,729 108,219
Other creditors 3,223 2,048
Accruals and deferred income 9,048 60,190
Directors' loan accounts 11,973 -
410,550 301,424
Page 6
Page 7
7. Deferred Taxation
The provision for deferred tax is made up as follows:
31 December 2023 31 March 2023
£ £
Other timing differences 11,760 6,813
8. Share Capital
31 December 2023 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
9. Dividends
31 December 2023 31 March 2023
£ £
On equity shares:
Final dividend paid 37,700 37,700
Page 7