Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29false2023-03-01No description of principal activity88truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03703623 2023-03-01 2024-02-29 03703623 2022-03-01 2023-02-28 03703623 2024-02-29 03703623 2023-02-28 03703623 c:Director1 2023-03-01 2024-02-29 03703623 c:Director2 2023-03-01 2024-02-29 03703623 d:PlantMachinery 2023-03-01 2024-02-29 03703623 d:PlantMachinery 2024-02-29 03703623 d:PlantMachinery 2023-02-28 03703623 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 03703623 d:MotorVehicles 2023-03-01 2024-02-29 03703623 d:MotorVehicles 2024-02-29 03703623 d:MotorVehicles 2023-02-28 03703623 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 03703623 d:FurnitureFittings 2023-03-01 2024-02-29 03703623 d:FurnitureFittings 2024-02-29 03703623 d:FurnitureFittings 2023-02-28 03703623 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 03703623 d:OfficeEquipment 2023-03-01 2024-02-29 03703623 d:OfficeEquipment 2024-02-29 03703623 d:OfficeEquipment 2023-02-28 03703623 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 03703623 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 03703623 d:CurrentFinancialInstruments 2024-02-29 03703623 d:CurrentFinancialInstruments 2023-02-28 03703623 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 03703623 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 03703623 d:ShareCapital 2024-02-29 03703623 d:ShareCapital 2023-02-28 03703623 d:RetainedEarningsAccumulatedLosses 2024-02-29 03703623 d:RetainedEarningsAccumulatedLosses 2023-02-28 03703623 c:FRS102 2023-03-01 2024-02-29 03703623 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 03703623 c:FullAccounts 2023-03-01 2024-02-29 03703623 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 03703623 6 2023-03-01 2024-02-29 03703623 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 03703623










DECO DESIGN AND BUILD CO. LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
DECO DESIGN AND BUILD CO. LIMITED
REGISTERED NUMBER: 03703623

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
19,502
25,937

Investments
 5 
3
3

  
19,505
25,940

Current assets
  

Stocks
  
19,096,077
13,678,064

Debtors: amounts falling due within one year
 6 
1,352,402
1,244,361

Cash at bank and in hand
 7 
204,064
1,803,246

  
20,652,543
16,725,671

Creditors: amounts falling due within one year
 8 
(10,121,543)
(5,104,236)

Net current assets
  
 
 
10,531,000
 
 
11,621,435

Total assets less current liabilities
  
10,550,505
11,647,375

  

Net assets
  
10,550,505
11,647,375


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
10,550,503
11,647,373

  
10,550,505
11,647,375


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 income and retained earnings 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 27 September 2024.




Page 1

 
DECO DESIGN AND BUILD CO. LIMITED
REGISTERED NUMBER: 03703623

BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

M Williams
R F Copper
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
DECO DESIGN AND BUILD CO. LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Deco Design and Build Co. 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

 
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:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

Page 3

 
DECO DESIGN AND BUILD CO. LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
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

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

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 Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Motor vehicles
-
25%
Fixtures and fittings
-
25%
Office equipment
-
25%

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.

Page 4

 
DECO DESIGN AND BUILD CO. LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.8

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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 8 (2023 - 8).

Page 5

 
DECO DESIGN AND BUILD CO. LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 March 2023
77,570
61,044
50,056
2,994
191,664


Additions
-
-
1,117
438
1,555


Disposals
-
(12,147)
-
-
(12,147)



At 29 February 2024

77,570
48,897
51,173
3,432
181,072



Depreciation


At 1 March 2023
77,021
48,123
37,934
2,649
165,727


Charge for the year on owned assets
137
2,803
3,170
168
6,278


Disposals
-
(10,435)
-
-
(10,435)



At 29 February 2024

77,158
40,491
41,104
2,817
161,570



Net book value



At 29 February 2024
412
8,406
10,069
615
19,502



At 28 February 2023
550
12,921
12,121
345
25,937


5.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


At 1 March 2023
3



At 29 February 2024
3





6.


Debtors

29 February
28 February
2024
2023
£
£

Page 6

 
DECO DESIGN AND BUILD CO. LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.Debtors (continued)


Trade debtors
51,346
5,554

Amounts owed by group undertakings
1,211,647
1,142,009

Other debtors
69,346
40,305

Prepayments and accrued income
20,063
56,493

1,352,402
1,244,361



7.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
204,064
1,803,246

204,064
1,803,246



8.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
9,367,855
3,965,937

Other loans
-
40,000

Trade creditors
449,959
633,765

Other taxation and social security
22,046
155,806

Other creditors
270,934
104,280

Accruals and deferred income
10,749
204,448

10,121,543
5,104,236


Page 7

 
DECO DESIGN AND BUILD CO. LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Related party transactions

During the year, total dividends of £55,000 (2023 - £58,500) were paid to the directors.
M Williams and R F Copper, directors of the company, are also directors of Deco Investments Limited which is a 100% subsidiary of the company. At 29 February 2024 the company was owed £1,211,647 (2023: £1,142,009) by Deco Investments Limited which is interest free and repayable on demand.
M Williams and R F Copper are also directors of Deco (Long Lane) Limited. Deco (Long Lane) Limited is a 100% subsidiary of Deco Design and Build Co Limited, and The Valentine SE1 Limited is a 75% subsidiary Deco (Long Lane) Limited. As at 29 February 2024 the company owed £4,837 (2023: £4,837) to Deco (Long Lane) Limited which is repayable on demand.
M Williams is also a director of North Star (2000) Limited. The company recharged North Star (2000) Limited £117,127 (2023: £98,190) in the year in respect of management charges. At 29 February 2024 the company owed £ 38,521 (2023: £57,458) to North Star (2000) Limited which is repayable on demand.
Mrs S Copper, wife of R F Copper, is owed £117,483 (2023 - £41,013) at 29 February 2024 in respect of loan advances which is repayable on demand. 


Page 8