Acorah Software Products - Accounts Production 15.0.600 false true 31 March 2023 1 April 2022 false 1 April 2023 31 July 2024 31 July 2024 04385862 Mr Philip Moorcroft Mr Marcin Paprocki Mr P W Moorcroft true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04385862 2023-03-31 04385862 2024-07-31 04385862 2023-04-01 2024-07-31 04385862 frs-core:CurrentFinancialInstruments 2024-07-31 04385862 frs-core:MotorVehicles 2024-07-31 04385862 frs-core:MotorVehicles 2023-04-01 2024-07-31 04385862 frs-core:MotorVehicles 2023-03-31 04385862 frs-core:PlantMachinery 2024-07-31 04385862 frs-core:PlantMachinery 2023-04-01 2024-07-31 04385862 frs-core:PlantMachinery 2023-03-31 04385862 frs-core:ShareCapital 2024-07-31 04385862 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 04385862 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-07-31 04385862 frs-bus:FilletedAccounts 2023-04-01 2024-07-31 04385862 frs-bus:SmallEntities 2023-04-01 2024-07-31 04385862 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-07-31 04385862 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-07-31 04385862 1 2023-04-01 2024-07-31 04385862 frs-core:UnlistedNon-exchangeTraded 2024-07-31 04385862 frs-core:UnlistedNon-exchangeTraded 2023-03-31 04385862 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2023-03-31 04385862 frs-core:DisposalsRepaymentsInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 04385862 frs-core:RevaluationsIncreaseDecreaseInInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 04385862 frs-core:CostValuation frs-core:UnlistedNon-exchangeTraded 2024-07-31 04385862 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2023-03-31 04385862 frs-core:ProvisionsForImpairmentInvestments frs-core:UnlistedNon-exchangeTraded 2024-07-31 04385862 frs-bus:Director1 2023-04-01 2024-07-31 04385862 frs-bus:Director2 2023-04-01 2024-07-31 04385862 frs-countries:EnglandWales 2023-04-01 2024-07-31 04385862 2022-03-31 04385862 2023-03-31 04385862 2022-04-01 2023-03-31 04385862 frs-core:CurrentFinancialInstruments 2023-03-31 04385862 frs-core:ShareCapital 2023-03-31 04385862 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31
Registered number: 04385862
DIMENSIONAL CONTROL SYSTEMS LIMITED
Financial Statements
For the Period 1 April 2023 to 31 July 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04385862
31 July 2024 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 357,275 40,241
Investments 5 - 1,460,000
357,275 1,500,241
CURRENT ASSETS
Stocks 6 - 90,739
Debtors 7 125,244 446,801
Cash at bank and in hand 2,013,750 317,572
2,138,994 855,112
Creditors: Amounts Falling Due Within One Year 8 (470,055 ) (751,598 )
NET CURRENT ASSETS (LIABILITIES) 1,668,939 103,514
TOTAL ASSETS LESS CURRENT LIABILITIES 2,026,214 1,603,755
NET ASSETS 2,026,214 1,603,755
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 2,026,114 1,603,655
SHAREHOLDERS' FUNDS 2,026,214 1,603,755
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For the period ending 31 July 2024 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 Philip Moorcroft
Director
4 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
DIMENSIONAL CONTROL SYSTEMS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 04385862 . The registered office is Fir Croft, Thorpe, Ashbourne, Derbyshire, DE6 2AW.
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:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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. 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. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
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.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2023 21,556 39,040 60,596
Additions 183,011 189,316 372,327
Disposals - (23,540 ) (23,540 )
As at 31 July 2024 204,567 204,816 409,383
Depreciation
As at 1 April 2023 7,410 12,945 20,355
Provided during the period 16,404 24,177 40,581
Disposals - (8,828 ) (8,828 )
As at 31 July 2024 23,814 28,294 52,108
Net Book Value
As at 31 July 2024 180,753 176,522 357,275
As at 1 April 2023 14,146 26,095 40,241
5. Investments
Unlisted
£
Cost
As at 1 April 2023 1,460,000
Disposals (2,056,705 )
Revaluations 596,705
As at 31 July 2024 -
Provision
As at 1 April 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 -
As at 1 April 2023 1,460,000
6. Stocks
31 July 2024 31 March 2023
£ £
Work in progress - 90,739
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7. Debtors
31 July 2024 31 March 2023
£ £
Due within one year
Trade debtors - 376,801
Other debtors 120,720 70,000
Other taxes and social security 4,524 -
125,244 446,801
8. Creditors: Amounts Falling Due Within One Year
31 July 2024 31 March 2023
£ £
Corporation tax 149,139 -
Other taxes and social security - 29,121
Accruals and deferred income 6,798 208,139
Directors' loan accounts 314,118 514,338
470,055 751,598
9. Share Capital
31 July 2024 31 March 2023
£ £
Allotted, Called up and fully paid 100 100
10. Ultimate Controlling Party
The company's ultimate controlling party is Mr P W Moorcroft by virtue of his ownership of 100% of the issued share capital in the company.
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