Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.212023-05-01falseNo description of principal activity13falsefalse 07618111 2023-05-01 2024-04-30 07618111 2022-05-01 2023-04-30 07618111 2024-04-30 07618111 2023-04-30 07618111 c:Director1 2023-05-01 2024-04-30 07618111 d:Buildings d:LongLeaseholdAssets 2023-05-01 2024-04-30 07618111 d:Buildings d:LongLeaseholdAssets 2024-04-30 07618111 d:Buildings d:LongLeaseholdAssets 2023-04-30 07618111 d:PlantMachinery 2023-05-01 2024-04-30 07618111 d:PlantMachinery 2024-04-30 07618111 d:PlantMachinery 2023-04-30 07618111 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07618111 d:MotorVehicles 2023-05-01 2024-04-30 07618111 d:MotorVehicles 2024-04-30 07618111 d:MotorVehicles 2023-04-30 07618111 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07618111 d:FurnitureFittings 2023-05-01 2024-04-30 07618111 d:FurnitureFittings 2024-04-30 07618111 d:FurnitureFittings 2023-04-30 07618111 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07618111 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07618111 d:CurrentFinancialInstruments 2024-04-30 07618111 d:CurrentFinancialInstruments 2023-04-30 07618111 d:Non-currentFinancialInstruments 2024-04-30 07618111 d:Non-currentFinancialInstruments 2023-04-30 07618111 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 07618111 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07618111 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 07618111 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 07618111 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 07618111 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 07618111 d:ShareCapital 2024-04-30 07618111 d:ShareCapital 2023-04-30 07618111 d:RetainedEarningsAccumulatedLosses 2024-04-30 07618111 d:RetainedEarningsAccumulatedLosses 2023-04-30 07618111 c:FRS102 2023-05-01 2024-04-30 07618111 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07618111 c:FullAccounts 2023-05-01 2024-04-30 07618111 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07618111 d:HirePurchaseContracts d:WithinOneYear 2024-04-30 07618111 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-04-30 07618111 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-04-30 07618111 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 07618111 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 07618111 d:HirePurchaseContracts d:WithinOneYear 2023-04-30 07618111 2 2023-05-01 2024-04-30 07618111 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 07618111














DBSJ LIMITED (FORMERLY DB SPECIALIST JOINERY LIMITED)
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 APRIL 2024

 
DBSJ LIMITED (FORMERLY DB SPECIALIST JOINERY LIMITED)
REGISTERED NUMBER:07618111

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
179,442
100,351

  
179,442
100,351

CURRENT ASSETS
  

Stocks
  
999
16,519

Debtors: amounts falling due within one year
 5 
2,245,078
2,696,370

Cash at bank and in hand
 6 
1,324,251
1,235,504

  
3,570,328
3,948,393

Creditors: amounts falling due within one year
 7 
(2,747,629)
(3,809,583)

NET CURRENT ASSETS
  
 
 
822,699
 
 
138,810

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,002,141
239,161

Creditors: amounts falling due after more than one year
 8 
(30,156)
(59,517)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 11 
(13,194)
(19,066)

  
 
 
(13,194)
 
 
(19,066)

NET ASSETS
  
£958,791
£160,578


CAPITAL AND RESERVES
  

Called up share capital 
  
2
2

Profit and loss account
  
958,789
160,576

  
£958,791
£160,578


Page 1

 
DBSJ LIMITED (FORMERLY DB SPECIALIST JOINERY LIMITED)
REGISTERED NUMBER:07618111

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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.




___________________________
Darren Hill
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
DBSJ LIMITED (FORMERLY DB SPECIALIST JOINERY LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

DB Specialist Joinery Limited is a private company limited by shares, incorporated in England and Wales.  The registered number is 07618111.  The registered office is Henwood House, Henwood, Ashford, Kent, TN24 8DH.

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

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.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

Borrowing costs

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

Page 3

 
DBSJ LIMITED (FORMERLY DB SPECIALIST JOINERY LIMITED)
 

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

2.Accounting policies (continued)

 
2.7

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.

 
2.8

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 balance sheet 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 balance sheet 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 balance sheet date.

 
2.9

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.

Page 4

 
DBSJ LIMITED (FORMERLY DB SPECIALIST JOINERY LIMITED)
 

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

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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:

Long-term leasehold property
-
Plant and machinery
-
25%
reducing balance basis
Motor vehicles
-
25%
reducing balance basis
Fixtures and fittings
-
25%
reducing balance basis

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.

 
2.10

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.

 
2.11

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.

 
2.12

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.

 
2.13

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.

Page 5

 
DBSJ LIMITED (FORMERLY DB SPECIALIST JOINERY LIMITED)
 

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

2.Accounting policies (continued)

 
2.14

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.

 
2.15

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 21 (2023 - 13).


4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
-
77,340
86,639
16,410
180,389


Additions
110,000
-
5,873
5,219
121,092


Disposals
-
(77,340)
-
(6,654)
(83,994)



At 30 April 2024

110,000
-
92,512
14,975
217,487



Depreciation


At 1 May 2023
-
52,732
21,381
5,925
80,038


Charge for the year on owned assets
-
4,346
14,030
2,396
20,772


Disposals
-
(57,078)
-
(5,687)
(62,765)



At 30 April 2024

-
-
35,411
2,634
38,045



Net book value



At 30 April 2024
£110,000
£-
£57,101
£12,341
£179,442



At 30 April 2023
£-
£24,608
£65,258
£10,485
£100,351

Page 6

 
DBSJ LIMITED (FORMERLY DB SPECIALIST JOINERY LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Trade debtors
1,165,616
2,606,855

Amounts owed by group undertakings
350,833
-

Other debtors
714,659
82,758

Prepayments and accrued income
13,970
6,757

£2,245,078
£2,696,370



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
£1,324,251
£1,235,504



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
9,401
9,400

Trade creditors
1,290,498
899,386

Corporation tax
-
30,970

Other taxation and social security
609,918
964,621

Obligations under finance lease and hire purchase contracts
17,998
10,426

Other creditors
451,486
522,492

Accruals and deferred income
368,328
1,372,288

£2,747,629
£3,809,583



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
10,183
19,584

Net obligations under finance leases and hire purchase contracts
19,973
39,933

£30,156
£59,517


Page 7

 
DBSJ LIMITED (FORMERLY DB SPECIALIST JOINERY LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
9,401
9,400


9,401
9,400

Amounts falling due over 1 year

Bank loans
10,183
19,584


10,183
19,584



£19,584
£28,984



10.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
17,998
10,631

Between 1-5 years
19,973
39,627

£37,971
£50,258


11.


Deferred taxation




2024


£






At beginning of year
(19,066)


Charged to profit or loss
5,872



At end of year
£(13,194)

Page 8

 
DBSJ LIMITED (FORMERLY DB SPECIALIST JOINERY LIMITED)
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
 
11.Deferred taxation (continued)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(13,194)
(19,066)

£(13,194)
£(19,066)


12.


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 £19,634.63 (2022: £7,346.61).  Contributions totalling £5,044.73 (2023: £6,350.63) were payable to the fund at the balance sheet date and are included in creditors.


13.


Related party transactions

At the Balance Sheet date the company was owed £350,833 by Waterfield Hill Limited, a company under common control. This amount is reflected within debtors.


Page 9