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Company Registration No. 12976753 (England and Wales)
Disable Aids (Cannock) Limited Unaudited accounts for the year ended 31 December 2023
Disable Aids (Cannock) Limited Unaudited accounts Contents
Page
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Disable Aids (Cannock) Limited Company Information for the year ended 31 December 2023
Directors
Christopher Pearson Steven Carl Parker-Pearson
Company Number
12976753 (England and Wales)
Registered Office
Unit 11 Cedars Business Centre Avon Road Cannock Staffordshire WS11 1QJ England
Accountants
KJP Bookkeeping Services 24 Red Lion Lane Norton Canes Cannock Staffordshire WS11 9QP
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Disable Aids (Cannock) Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
637,875 
725,858 
Tangible assets
55,119 
32,508 
692,994 
758,366 
Current assets
Inventories
100,157 
89,818 
Debtors
184,862 
169,393 
Cash at bank and in hand
289,831 
263,402 
574,850 
522,613 
Creditors: amounts falling due within one year
(469,125)
(412,701)
Net current assets
105,725 
109,912 
Total assets less current liabilities
798,719 
868,278 
Creditors: amounts falling due after more than one year
(487,500)
(653,119)
Provisions for liabilities
Deferred tax
(13,779)
(6,176)
Net assets
297,440 
208,983 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
297,240 
208,783 
Shareholders' funds
297,440 
208,983 
For the year 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 June 2024 and were signed on its behalf by
Christopher Pearson Director Company Registration No. 12976753
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Disable Aids (Cannock) Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Disable Aids (Cannock) Limited is a private company, limited by shares, registered in England and Wales, registration number 12976753. The registered office is Unit 11 Cedars Business Centre, Avon Road , Cannock, Staffordshire, WS11 1QJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
15% reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Intangible fixed assets are amortised on a straight line basis over 10 years
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Disable Aids (Cannock) Limited Notes to the Accounts for the year ended 31 December 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2023
879,828 
At 31 December 2023
879,828 
Amortisation
At 1 January 2023
153,970 
Charge for the year
87,983 
At 31 December 2023
241,953 
Net book value
At 31 December 2023
637,875 
At 31 December 2022
725,858 
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Disable Aids (Cannock) Limited Notes to the Accounts for the year ended 31 December 2023
5
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
54,410 
2,526 
56,936 
Additions
53,000 
- 
53,000 
Disposals
(11,705)
- 
(11,705)
At 31 December 2023
95,705 
2,526 
98,231 
Depreciation
At 1 January 2023
23,805 
623 
24,428 
Charge for the year
23,426 
379 
23,805 
On disposals
(5,121)
- 
(5,121)
At 31 December 2023
42,110 
1,002 
43,112 
Net book value
At 31 December 2023
53,595 
1,524 
55,119 
At 31 December 2022
30,605 
1,903 
32,508 
6
Inventories
2023 
2022 
£ 
£ 
Finished goods
100,157 
89,818 
100,157 
89,818 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
10,483 
3,975 
Trade debtors
170,994 
162,557 
Accrued income and prepayments
3,385 
2,861 
184,862 
169,393 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
121,297 
115,190 
Taxes and social security
75,654 
64,900 
Other creditors
165,620 
166,762 
Loans from directors
100,468 
61,758 
Accruals
6,086 
4,091 
469,125 
412,701 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
487,500 
653,119 
Aggregate of amounts that fall due for payment after five years
- 
37,500 
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Disable Aids (Cannock) Limited Notes to the Accounts for the year ended 31 December 2023
10
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
13,779 
6,176 
2023 
2022 
£ 
£ 
Provision at start of year
6,176 
8,830 
Charged/(credited) to the profit and loss account
7,603 
(2,654)
Provision at end of year
13,779 
6,176 
Deferred tax is provided at a rate of 25%.
11
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
51 Ordinary A Shares of £1 each
51 
51 
51 Ordinary B Shares of £1 each
51 
51 
49 Ordinary C Shares of £1 each
49 
49 
49 Ordinary D Shares of £1 each
49 
49 
200 
200 
12
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 December 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
81,000 
115,500 
13
Average number of employees
During the year the average number of employees was 14 (2022: 15).
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