Silverfin false false 31/12/2023 01/01/2023 31/12/2023 N A Blaney 15/10/2020 M J Sealey 01/12/2016 H H Smith 01/12/2016 C S Tidman 09/07/2019 H Smith 15 July 2024 The principal activity of the company is to deliver, typically through partnership, more efficient heat and power across Devon through ground-breaking sustainable energy projects. However, the company has not traded during the financial year. 10506296 2023-12-31 10506296 bus:Director1 2023-12-31 10506296 bus:Director2 2023-12-31 10506296 bus:Director3 2023-12-31 10506296 bus:Director4 2023-12-31 10506296 core:Non-currentFinancialInstruments 2023-12-31 10506296 core:Non-currentFinancialInstruments 2022-12-31 10506296 2022-12-31 10506296 core:CurrentFinancialInstruments 2023-12-31 10506296 core:CurrentFinancialInstruments 2022-12-31 10506296 core:ShareCapital 2023-12-31 10506296 core:ShareCapital 2022-12-31 10506296 core:SharePremium 2023-12-31 10506296 core:SharePremium 2022-12-31 10506296 core:RetainedEarningsAccumulatedLosses 2023-12-31 10506296 core:RetainedEarningsAccumulatedLosses 2022-12-31 10506296 bus:OrdinaryShareClass1 2023-12-31 10506296 2023-01-01 2023-12-31 10506296 bus:FilletedAccounts 2023-01-01 2023-12-31 10506296 bus:SmallEntities 2023-01-01 2023-12-31 10506296 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10506296 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10506296 bus:Director1 2023-01-01 2023-12-31 10506296 bus:Director2 2023-01-01 2023-12-31 10506296 bus:Director3 2023-01-01 2023-12-31 10506296 bus:Director4 2023-01-01 2023-12-31 10506296 bus:Director5 2023-01-01 2023-12-31 10506296 2022-01-01 2022-12-31 10506296 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 10506296 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 10506296 (England and Wales)

DEXTCO LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

DEXTCO LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

DEXTCO LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
DEXTCO LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS N A Blaney
M J Sealey
H H Smith
C S Tidman
REGISTERED OFFICE Centenary House Peninsula Park
Rydon Lane
Exeter
EX2 7XE
United Kingdom
COMPANY NUMBER 10506296 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
DEXTCO LIMITED

BALANCE SHEET

As at 31 December 2023
DEXTCO LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
2023 2022
£ £
Current assets
Debtors
- due after more than one year 3 6,377 6,377
Cash at bank and in hand 17,784 20,578
24,161 26,955
Creditors: amounts falling due within one year 4 ( 1,692) ( 2,200)
Net current assets 22,469 24,755
Total assets less current liabilities 22,469 24,755
Net assets 22,469 24,755
Capital and reserves
Called-up share capital 5 5 5
Share premium account 25,000 25,000
Profit and loss account ( 2,536 ) ( 250 )
Total shareholders' funds 22,469 24,755

For the financial 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.

Directors' responsibilities:

The financial statements of DEXTCo Limited (registered number: 10506296) were approved and authorised for issue by the Board of Directors on 15 July 2024. They were signed on its behalf by:

H Smith
Director
DEXTCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
DEXTCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

DEXTCo Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is:
Centenary House
Peninsula Park,
Rydon Lane
Exeter
EX2 7XE,

The principal place of business is:
Royal Devon and Exeter NHS
Foundation Trust
Barrack Road
Exeter
EX2 5DW

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. There has been no material departure from FRS102.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Grant income received is deferred and released against corresponding expenditure as it arises. Where income is received in advance of meeting any performance-related conditions there is not unconditional entitlement to the income and its recognition is deferred and included in creditors as deferred income until the performance-related conditions are met.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Debtors

2023 2022
£ £
Debtors: amounts falling due after more than one year
Other debtors 6,377 6,377

4. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 1,692 2,200

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
5 Ordinary shares of £ 1.00 each 5 5

6. Related party transactions

In previous years the following shareholders provided the company with grants. The amounts due by each of the shareholders at the year end is as follows:-

Exeter City Council £1,589
RD&E NHS Foundation Trust £1,596
The University of Exeter £1,596
Teignbridge District Council £1,596