Dyne Carpet Tile Company Limited 02460903 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of the supply of carpet tiles. Digita Accounts Production Advanced 6.30.9574.0 true 02460903 2023-07-01 2024-06-30 02460903 2024-06-30 02460903 core:RetainedEarningsAccumulatedLosses 2024-06-30 02460903 core:ShareCapital 2024-06-30 02460903 core:CurrentFinancialInstruments 2024-06-30 02460903 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 02460903 core:FurnitureFittingsToolsEquipment 2024-06-30 02460903 core:MotorVehicles 2024-06-30 02460903 bus:SmallEntities 2023-07-01 2024-06-30 02460903 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 02460903 bus:FullAccounts 2023-07-01 2024-06-30 02460903 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 02460903 bus:RegisteredOffice 2023-07-01 2024-06-30 02460903 bus:Director1 2023-07-01 2024-06-30 02460903 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 02460903 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 02460903 core:MotorVehicles 2023-07-01 2024-06-30 02460903 core:OfficeEquipment 2023-07-01 2024-06-30 02460903 core:OtherRelatedParties 2023-07-01 2024-06-30 02460903 countries:England 2023-07-01 2024-06-30 02460903 2023-06-30 02460903 core:FurnitureFittingsToolsEquipment 2023-06-30 02460903 core:MotorVehicles 2023-06-30 02460903 2022-07-01 2023-06-30 02460903 2023-06-30 02460903 core:RetainedEarningsAccumulatedLosses 2023-06-30 02460903 core:ShareCapital 2023-06-30 02460903 core:CurrentFinancialInstruments 2023-06-30 02460903 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 02460903 core:FurnitureFittingsToolsEquipment 2023-06-30 02460903 core:MotorVehicles 2023-06-30 iso4217:GBP xbrli:pure

Registration number: 02460903

Dyne Carpet Tile Company Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Dyne Carpet Tile Company Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Dyne Carpet Tile Company Limited

(Registration number: 02460903)
Statement of Financial Position as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

10,499

15,040

Current assets

 

Stocks

5

222,235

-

Debtors

6

29,366

33,699

Cash at bank and in hand

 

39,418

124,485

 

291,019

158,184

Creditors: Amounts falling due within one year

7

(157,937)

(34,311)

Net current assets

 

133,082

123,873

Total assets less current liabilities

 

143,581

138,913

Provisions for liabilities

(2,622)

(3,760)

Net assets

 

140,959

135,153

Capital and reserves

 

Called up share capital

100

100

Retained earnings

140,859

135,053

Shareholders' funds

 

140,959

135,153

 

Dyne Carpet Tile Company Limited

(Registration number: 02460903)
Statement of Financial Position as at 30 June 2024

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 29 August 2024 and signed on its behalf by:
 

.........................................
Mr D Scowcroft
Director

   
     
 

Dyne Carpet Tile Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 16
Langworthy Enterprise Park
Kansas Avenue
Salford
M50 2GL

These financial statements were authorised for issue by the Board on 29 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% straight line

Office equipment

15% straight line

 

Dyne Carpet Tile Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the statement of financial position. The corresponding dividends relating to the liability component are charged as interest in the income statement.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 1).

 

Dyne Carpet Tile Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 July 2023

7,742

21,635

29,377

At 30 June 2024

7,742

21,635

29,377

Depreciation

At 1 July 2023

7,125

7,212

14,337

Charge for the year

214

4,327

4,541

At 30 June 2024

7,339

11,539

18,878

Carrying amount

At 30 June 2024

403

10,096

10,499

At 30 June 2023

617

14,423

15,040

5

Stocks

2024
£

2023
£

Other inventories

222,235

-

6

Debtors

Current

2024
£

2023
£

Trade debtors

25,299

33,035

Prepayments

317

164

Other debtors

3,750

500

 

29,366

33,699

 

Dyne Carpet Tile Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

4,003

17,256

Taxation and social security

5,299

7,780

Accruals and deferred income

24,684

9,275

Other creditors

123,951

-

157,937

34,311

8

Related party transactions

Summary of transactions with other related parties

At the balance sheet date, there was an amount of £123,951 owing to Manchester Carpet Tile Centre Ltd, a company under common control.