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REGISTERED NUMBER: 02915444 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Disability Initiative Services Limited

Disability Initiative Services Limited (Registered number: 02915444)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Disability Initiative Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs L T Brown
Sir A C Morris
R N Ricketts





REGISTERED OFFICE: Resource Centre
Knoll Road
Camberley
Surrey
GU15 3SY





REGISTERED NUMBER: 02915444 (England and Wales)





AUDITORS: Branston Adams
Statutory Auditors and
Chartered Certified Accountants
Suite 2, Victoria House
South Street
Farnham
Surrey
GU9 7QU

Disability Initiative Services Limited (Registered number: 02915444)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,307 7,077
Tangible assets 5 15,475 44,051
20,782 51,128

CURRENT ASSETS
Stocks 100 100
Debtors 6 93,272 76,696
Cash at bank 42,693 62,334
136,065 139,130
CREDITORS
Amounts falling due within one year 7 240,309 254,105
NET CURRENT LIABILITIES (104,244 ) (114,975 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(83,462

)

(63,847

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (83,562 ) (63,947 )
(83,462 ) (63,847 )

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





Mrs L T Brown - Director


Disability Initiative Services Limited (Registered number: 02915444)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Disability Initiative Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 19 ) .

Disability Initiative Services Limited (Registered number: 02915444)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2023
and 31 December 2023 16,776
AMORTISATION
At 1 January 2023 9,699
Amortisation for year 1,770
At 31 December 2023 11,469
NET BOOK VALUE
At 31 December 2023 5,307
At 31 December 2022 7,077

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 17,713 99,327 117,040
Additions - 2,189 2,189
Disposals - (45,524 ) (45,524 )
At 31 December 2023 17,713 55,992 73,705
DEPRECIATION
At 1 January 2023 11,455 61,534 72,989
Charge for year 1,564 3,594 5,158
Eliminated on disposal - (19,917 ) (19,917 )
At 31 December 2023 13,019 45,211 58,230
NET BOOK VALUE
At 31 December 2023 4,694 10,781 15,475
At 31 December 2022 6,258 37,793 44,051

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 66,127 62,769
Prepayments 27,145 13,927
93,272 76,696

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 9,479 11,576
Amounts owed to group undertakings 186,312 202,604
Social security and other taxes 13,389 8,474
VAT 18,799 16,793
Pension creditor 13 3,156
Other creditors - 41
Accrued expenses 12,317 11,461
240,309 254,105

Disability Initiative Services Limited (Registered number: 02915444)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Adams (Senior Statutory Auditor)
for and on behalf of Branston Adams