Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-302023-07-01falseNo description of principal activity06truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07317732 2023-07-01 2024-06-30 07317732 2022-07-01 2023-06-30 07317732 2024-06-30 07317732 2023-06-30 07317732 2022-07-01 07317732 c:Director2 2023-07-01 2024-06-30 07317732 d:PlantMachinery 2023-07-01 2024-06-30 07317732 d:PlantMachinery 2024-06-30 07317732 d:PlantMachinery 2023-06-30 07317732 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07317732 d:MotorVehicles 2023-07-01 2024-06-30 07317732 d:MotorVehicles 2024-06-30 07317732 d:MotorVehicles 2023-06-30 07317732 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07317732 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 07317732 d:CurrentFinancialInstruments 2024-06-30 07317732 d:CurrentFinancialInstruments 2023-06-30 07317732 d:Non-currentFinancialInstruments 2024-06-30 07317732 d:Non-currentFinancialInstruments 2023-06-30 07317732 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 07317732 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07317732 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 07317732 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 07317732 d:ShareCapital 2024-06-30 07317732 d:ShareCapital 2022-07-01 2023-06-30 07317732 d:ShareCapital 2023-06-30 07317732 d:ShareCapital 2022-07-01 07317732 d:CapitalRedemptionReserve 2024-06-30 07317732 d:CapitalRedemptionReserve 2023-06-30 07317732 d:CapitalRedemptionReserve 2022-07-01 07317732 d:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 07317732 d:RetainedEarningsAccumulatedLosses 2024-06-30 07317732 d:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 07317732 d:RetainedEarningsAccumulatedLosses 2023-06-30 07317732 d:RetainedEarningsAccumulatedLosses 2022-07-01 07317732 c:FRS102 2023-07-01 2024-06-30 07317732 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 07317732 c:FullAccounts 2023-07-01 2024-06-30 07317732 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07317732 d:HirePurchaseContracts d:WithinOneYear 2024-06-30 07317732 d:HirePurchaseContracts d:WithinOneYear 2023-06-30 07317732 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-06-30 07317732 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-06-30 07317732 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 07317732 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 07317732 2 2023-07-01 2024-06-30 07317732 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 07317732










DECORATIVE & ORNAMENTAL PLASTERING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
DECORATIVE & ORNAMENTAL PLASTERING LIMITED
REGISTERED NUMBER: 07317732

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
13,042
16,850

Current assets
  

Debtors: amounts falling due within one year
 5 
859,771
720,672

Cash at bank and in hand
 6 
475,550
278,326

  
1,335,321
998,998

Creditors: amounts falling due within one year
 7 
(488,432)
(444,781)

Net current assets
  
 
 
846,889
 
 
554,217

Total assets less current liabilities
  
859,931
571,067

Creditors: amounts falling due after more than one year
 8 
(391)
(4,141)

Provisions for liabilities
  

Deferred tax
 10 
(3,260)
(4,200)

Net assets
  
856,280
562,726


Capital and reserves
  

Called up share capital 
  
20
20

Capital redemption reserve
  
90
90

Profit and loss account
  
856,170
562,616

  
856,280
562,726


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 comprehensive income 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 12 September 2024.




R G Day
Director

The notes on pages 5 to 10 form part of these financial statements.
Page 1

 
DECORATIVE & ORNAMENTAL PLASTERING LIMITED
REGISTERED NUMBER: 07317732

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024


Page 2

 
DECORATIVE & ORNAMENTAL PLASTERING LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2024


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 July 2023
20
90
562,616
562,726


Comprehensive income for the year

Profit for the year
-
-
388,554
388,554


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(95,000)
(95,000)


At 30 June 2024
20
90
856,170
856,280


The notes on pages 5 to 10 form part of these financial statements.

Page 3

 
DECORATIVE & ORNAMENTAL PLASTERING LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 JUNE 2023


Called up share capital
Capital redemption reserve
Profit and loss account
Total equity

£
£
£
£

At 1 July 2022
100
-
514,120
514,220


Comprehensive income for the year

Profit for the year
-
-
400,216
400,216


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(6,000)
(6,000)

Purchase of own shares
-
90
(345,720)
(345,630)

Shares issued during the year
10
-
-
10

Shares redeemed during the year
(90)
-
-
(90)


At 30 June 2023
20
90
562,616
562,726


The notes on pages 5 to 10 form part of these financial statements.

Page 4

 
DECORATIVE & ORNAMENTAL PLASTERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


GENERAL INFORMATION

Decorative and Ornamental Plastering Limited is a company incorporated and domiciled in England and Wales. The address of the registered office is shown in the company information, and it is the principle place of business is Westwood Farm, Highcross Road, Southfleet, Kent DA13 9PH. 

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

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 Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 5

 
DECORATIVE & ORNAMENTAL PLASTERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

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 reporting 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 reporting 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 reporting date.

 
2.7

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant & machinery
-
Motor vehicles
-
25%
straight line

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.

 
2.8

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.

Page 6

 
DECORATIVE & ORNAMENTAL PLASTERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

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.

 
2.11

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.

 
2.12

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.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 0 (2023 - 6).

Page 7

 
DECORATIVE & ORNAMENTAL PLASTERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


TANGIBLE FIXED ASSETS





Plant & machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 July 2023
4,000
27,699
31,699


Additions
-
5,490
5,490



At 30 June 2024

4,000
33,189
37,189



Depreciation


At 1 July 2023
1,000
13,850
14,850


Charge for the year on owned assets
1,000
8,297
9,297



At 30 June 2024

2,000
22,147
24,147



Net book value



At 30 June 2024
2,000
11,042
13,042



At 30 June 2023
3,000
13,850
16,850

Page 8

 
DECORATIVE & ORNAMENTAL PLASTERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


DEBTORS

2024
2023
£
£


Trade debtors
833,744
694,183

Other debtors
11,896
14,302

Prepayments and accrued income
14,131
12,187

859,771
720,672



6.


CASH AND CASH EQUIVALENTS

2024
2023
£
£

Cash at bank and in hand
475,550
278,326



7.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Trade creditors
226,214
219,172

Corporation tax
136,911
108,063

Other taxation and social security
26,432
37,309

Obligations under finance lease and hire purchase contracts
3,750
3,750

Accruals and deferred income
95,125
76,487

488,432
444,781



8.


CREDITORS: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
391
4,141


Page 9

 
DECORATIVE & ORNAMENTAL PLASTERING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


HIRE PURCHASE AND FINANCE LEASES


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
3,750
3,750

Between 1-5 years
391
4,141

4,141
7,891


10.


DEFERRED TAXATION




2024


£






At beginning of year
(4,200)


Charged to profit or loss
940



At end of year
(3,260)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(3,260)
(4,200)


11.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £16,492 (2023 - £5,528) . Contributions totalling £Nil (2023 - £Nil) were payable to the fund at the reporting date and are included in creditors.


Page 10