Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04925191 2023-01-01 2023-12-31 04925191 2022-01-01 2022-12-31 04925191 2023-12-31 04925191 2022-12-31 04925191 c:Director1 2023-01-01 2023-12-31 04925191 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 04925191 d:Buildings d:LongLeaseholdAssets 2023-12-31 04925191 d:Buildings d:LongLeaseholdAssets 2022-12-31 04925191 d:PlantMachinery 2023-01-01 2023-12-31 04925191 d:PlantMachinery 2023-12-31 04925191 d:PlantMachinery 2022-12-31 04925191 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04925191 d:MotorVehicles 2023-01-01 2023-12-31 04925191 d:MotorVehicles 2023-12-31 04925191 d:MotorVehicles 2022-12-31 04925191 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04925191 d:FurnitureFittings 2023-01-01 2023-12-31 04925191 d:FurnitureFittings 2023-12-31 04925191 d:FurnitureFittings 2022-12-31 04925191 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04925191 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04925191 d:CurrentFinancialInstruments 2023-12-31 04925191 d:CurrentFinancialInstruments 2022-12-31 04925191 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04925191 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04925191 d:ShareCapital 2023-12-31 04925191 d:ShareCapital 2022-12-31 04925191 d:CapitalRedemptionReserve 2023-12-31 04925191 d:CapitalRedemptionReserve 2022-12-31 04925191 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 04925191 d:RetainedEarningsAccumulatedLosses 2023-12-31 04925191 d:RetainedEarningsAccumulatedLosses 2022-12-31 04925191 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04925191 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04925191 c:OrdinaryShareClass1 2023-01-01 2023-12-31 04925191 c:OrdinaryShareClass1 2023-12-31 04925191 c:OrdinaryShareClass1 2022-12-31 04925191 c:FRS102 2023-01-01 2023-12-31 04925191 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04925191 c:FullAccounts 2023-01-01 2023-12-31 04925191 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04925191 2 2023-01-01 2023-12-31 04925191 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04925191










DRAGON JOINERY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DRAGON JOINERY LIMITED
REGISTERED NUMBER:04925191

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
36,540
43,449

  
36,540
43,449

Current assets
  

Stocks
 6 
4,595
6,038

Debtors: amounts falling due within one year
 7 
776
978

Cash at bank and in hand
  
264,912
255,148

  
270,283
262,164

Creditors: amounts falling due within one year
 8 
(22,269)
(26,676)

Net current assets
  
 
 
248,014
 
 
235,488

Total assets less current liabilities
  
284,554
278,937

Provisions for liabilities
  

Deferred tax
 9 
(6,377)
(8,014)

  
 
 
(6,377)
 
 
(8,014)

Net assets
  
278,177
270,923


Capital and reserves
  

Called up share capital 
 10 
50
50

Capital redemption reserve
 11 
50
50

Profit and loss account
 11 
278,077
270,823

  
278,177
270,923


Page 1

 
DRAGON JOINERY LIMITED
REGISTERED NUMBER:04925191
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 29 August 2024.




P Morris
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
DRAGON JOINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Dragon Joinery Limited, 04925191, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Woodside Barn, Mochdre, Newtown, Powys, SY16 4JJ.
The principal activity of the company is joinery work.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
DRAGON JOINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
DRAGON JOINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following methods.

Depreciation is provided on the following basis:

Long-term leasehold property
-
5%
straight line
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
DRAGON JOINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumption that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. 


4.


Employees

2023
2022
£
£

Wages and salaries
12,962
13,010

12,962
13,010


The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
DRAGON JOINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
27,734
32,960
28,700
7,628
97,022


Additions
-
282
-
-
282



At 31 December 2023

27,734
33,242
28,700
7,628
97,304



Depreciation


At 1 January 2023
7,224
27,782
12,556
6,010
53,572


Charge for the year on owned assets
1,387
1,365
4,036
404
7,192



At 31 December 2023

8,611
29,147
16,592
6,414
60,764



Net book value



At 31 December 2023
19,123
4,095
12,108
1,214
36,540



At 31 December 2022
20,509
5,178
16,144
1,618
43,449

Page 7

 
DRAGON JOINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Stocks

2023
2022
£
£

Raw materials and consumables
4,595
6,038

4,595
6,038



7.


Debtors

2023
2022
£
£


Prepayments and accrued income
776
978

776
978



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
36
6,484

Corporation tax
9,941
11,658

Other taxation and social security
7,263
4,096

Other creditors
3,339
2,880

Accruals and deferred income
1,690
1,558

22,269
26,676


Page 8

 
DRAGON JOINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Deferred taxation




2023


£






At beginning of year
(8,014)


Charged to profit or loss
1,637



At end of year
(6,377)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
6,377
8,014

6,377
8,014


10.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



50 (2022 - 50) Ordinary shares of £1.00 each
50
50



11.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders. 

 
Page 9