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REGISTERED NUMBER: 02842560 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Dicam Technology Ltd.

Dicam Technology Ltd. (Registered number: 02842560)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dicam Technology Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M C C Nowell
H G Crabtree
Ms J M Nowell





SECRETARY: M C C Nowell





REGISTERED OFFICE: 12 Farriers Close
Stradbroke
Eye
IP21 5JF





REGISTERED NUMBER: 02842560 (England and Wales)





ACCOUNTANTS: Mark Carter Accountancy Services Ltd
65 Kennedy Avenue
Halesworth
Suffolk
IP19 8EQ

Dicam Technology Ltd. (Registered number: 02842560)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,697 31,202

CURRENT ASSETS
Debtors 5 171,715 72,659
Cash at bank and in hand 689,658 701,741
861,373 774,400
CREDITORS
Amounts falling due within one year 6 156,330 155,534
NET CURRENT ASSETS 705,043 618,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

736,740

650,068

PROVISIONS FOR LIABILITIES 5,614 5,430
NET ASSETS 731,126 644,638

CAPITAL AND RESERVES
Called up share capital 200 200
Capital redemption reserve 100 100
Retained earnings 730,826 644,338
SHAREHOLDERS' FUNDS 731,126 644,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Dicam Technology Ltd. (Registered number: 02842560)

Balance Sheet - continued
31 December 2023


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 25 September 2024 and were signed on its behalf by:





M C C Nowell - Director


Dicam Technology Ltd. (Registered number: 02842560)

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

1. STATUTORY INFORMATION

Dicam Technology Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Dicam Technology Ltd. (Registered number: 02842560)

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

2. ACCOUNTING POLICIES - continued

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.

Turnover
The company's turnover represents the value, excluding VAT, of goods and services supplied to customers during the year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 January 2023 17,648 36,500 54,148
Additions 10,091 - 10,091
At 31 December 2023 27,739 36,500 64,239
DEPRECIATION
At 1 January 2023 12,680 10,266 22,946
Charge for year 3,038 6,558 9,596
At 31 December 2023 15,718 16,824 32,542
NET BOOK VALUE
At 31 December 2023 12,021 19,676 31,697
At 31 December 2022 4,968 26,234 31,202

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 121,220 36,585
Other debtors 50,495 36,074
171,715 72,659

Dicam Technology Ltd. (Registered number: 02842560)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 128 140
Taxation and social security 17,049 22,794
Other creditors 139,153 132,600
156,330 155,534

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
M C C Nowell
Balance outstanding at start of year - -
Amounts advanced 15,787 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,787 -

The loan was unsecured, repayable on demand and interest was charged at HMRC official rates. The loan was repaid on 13 September 2024.