Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312024-05-30partition wall installation and other construction services2023-01-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04983125 2023-01-01 2023-12-31 04983125 2022-01-01 2022-12-31 04983125 2023-12-31 04983125 2022-12-31 04983125 c:Director1 2023-01-01 2023-12-31 04983125 d:MotorVehicles 2023-01-01 2023-12-31 04983125 d:MotorVehicles 2023-12-31 04983125 d:MotorVehicles 2022-12-31 04983125 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04983125 d:OfficeEquipment 2023-01-01 2023-12-31 04983125 d:OfficeEquipment 2023-12-31 04983125 d:OfficeEquipment 2022-12-31 04983125 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04983125 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 04983125 d:CurrentFinancialInstruments 2023-12-31 04983125 d:CurrentFinancialInstruments 2022-12-31 04983125 d:Non-currentFinancialInstruments 2023-12-31 04983125 d:Non-currentFinancialInstruments 2022-12-31 04983125 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 04983125 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04983125 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 04983125 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 04983125 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 04983125 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 04983125 d:ShareCapital 2023-12-31 04983125 d:ShareCapital 2022-12-31 04983125 d:RetainedEarningsAccumulatedLosses 2023-12-31 04983125 d:RetainedEarningsAccumulatedLosses 2022-12-31 04983125 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 04983125 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 04983125 c:FRS102 2023-01-01 2023-12-31 04983125 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 04983125 c:FullAccounts 2023-01-01 2023-12-31 04983125 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04983125 2 2023-01-01 2023-12-31 04983125 6 2023-01-01 2023-12-31 04983125 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 04983125









DCI PARTITIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
DCI PARTITIONS LIMITED
REGISTERED NUMBER: 04983125

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
16,545
22,060

Investments
 6 
1,000,010
550,010

  
1,016,555
572,070

Current assets
  

Stocks
  
10,333
6,917

Debtors: amounts falling due within one year
 7 
4,733
36,860

Cash at bank and in hand
  
796,909
1,085,287

  
811,975
1,129,064

Creditors: amounts falling due within one year
 8 
(55,005)
(68,031)

Net current assets
  
 
 
756,970
 
 
1,061,033

Total assets less current liabilities
  
1,773,525
1,633,103

Creditors: amounts falling due after more than one year
 9 
(50,000)
(50,000)

Provisions for liabilities
  

Deferred tax
 11 
(4,137)
(4,192)

  
 
 
(4,137)
 
 
(4,192)

Net assets
  
1,719,388
1,578,911


Capital and reserves
  

Called up share capital 
  
5
5

Profit and loss account
  
1,719,383
1,578,906

  
1,719,388
1,578,911


Page 1

 
DCI PARTITIONS LIMITED
REGISTERED NUMBER: 04983125
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider 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 directors acknowledge their 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 income and retained earnings 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 30 May 2024.




Mr D Colquhoun
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
DCI PARTITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

DCI Partitions Limited is a private company limited by shares, registered in england and Wales under company number 04983125. The address of the registered office is Basepoint Business & Innovation Centre, 110 Butterfield, Luton, Bedfordshire, LU2 8DL, England.

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:

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.

 
2.3

Interest income

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

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
DCI PARTITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

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.

 
2.8

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.

Page 4

 
DCI PARTITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Office equipment
-
25%

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.

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.10

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 first in, first out 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.

 
2.11

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.

 
2.12

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.

Page 5

 
DCI PARTITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.13

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.

 
2.14

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

In the application of the company's accounting policies, the director is required to make judgements,
estimates and assumptions about the carrying amounts of assets and liabilities that are not readily
apparent from other sources. The estimates and associated assumptions are based on historical
experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revisions affects only
that period, or in the period of the revision and future periods where the revisions affects both current and
future periods.


4.


Employees

2023
2022
£
£

Wages and salaries
12,498
12,498

Social security costs
492
471

Pension costs
50,000
-

62,990
12,969


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

Page 6

 
DCI PARTITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Motor vehicles
Office equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
26,368
1,500
27,868



At 31 December 2023

26,368
1,500
27,868



Depreciation


At 1 January 2023
4,944
864
5,808


Charge for the year on owned assets
5,356
159
5,515



At 31 December 2023

10,300
1,023
11,323



Net book value



At 31 December 2023
16,068
477
16,545



At 31 December 2022
21,424
636
22,060

Page 7

 
DCI PARTITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Fixed asset investments





Other fixed asset investments

£



Cost or valuation


At 1 January 2023
550,010


Additions
450,000



At 31 December 2023
1,000,010





7.


Debtors

2023
2022
£
£


Trade debtors
4,733
35,297

Other debtors
-
1,563

4,733
36,860



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
827
259

Corporation tax
44,630
65,658

Other taxation and social security
585
768

Other creditors
7,643
146

Accruals and deferred income
1,320
1,200

55,005
68,031


Page 8

 
DCI PARTITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Other loans
50,000
50,000



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Other loans
50,000
50,000

50,000
50,000

50,000
50,000


Page 9

 
DCI PARTITIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

11.


Deferred taxation




2023


£






At beginning of year
(4,192)


Charged to profit or loss
55



At end of year
(4,137)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(4,136)
(4,192)


12.


Pension commitments

The company operates a defined contribution pension scheme whose assets are held separately from those of the company. The pension costs charge represents contributions paid by the company to the scheme and amounts to £50,000 for the directors.

 
Page 10