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Company Registration No. 4407349 (England and Wales)
Devon & Cornwall DC Power Limited Unaudited accounts for the year ended 30 April 2024
Devon & Cornwall DC Power Limited Unaudited accounts Contents
Page
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Devon & Cornwall DC Power Limited Company Information for the year ended 30 April 2024
Directors
Eric Hall Elizabeth Hall
Company Number
4407349 (England and Wales)
Registered Office
Varley Farm Prixford Barnstaple Devon EX31 4DX United Kingdom
Accountants
Westerly Accountancy Ltd 24 Orchard Road Wrafton Braunton EX33 2DZ
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Devon & Cornwall DC Power Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
110,343 
173,820 
Current assets
Inventories
57,581 
50,224 
Debtors
346,803 
458,354 
Cash at bank and in hand
256,657 
513,050 
661,041 
1,021,628 
Creditors: amounts falling due within one year
(352,111)
(298,517)
Net current assets
308,930 
723,111 
Total assets less current liabilities
419,273 
896,931 
Provisions for liabilities
Deferred tax
(12,423)
(22,865)
Net assets
406,850 
874,066 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
406,750 
873,966 
Shareholders' funds
406,850 
874,066 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
Elizabeth Hall Director Company Registration No. 4407349
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Devon & Cornwall DC Power Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Devon & Cornwall DC Power Limited is a private company, limited by shares, registered in England and Wales, registration number 4407349. The registered office is Varley Farm, Prixford, Barnstaple, Devon, EX31 4DX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Leasehold improvements - straight line 10 years
Plant & machinery
15% written down value
Motor vehicles
25% written down value
Fixtures & fittings
25% written down value
Computer equipment
33% written down value
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Devon & Cornwall DC Power Limited Notes to the Accounts for the year ended 30 April 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Going concern
Management have monitored the ongoing impact of the Ukraine conflict and general worldwide economic uncertainty and has business continuity plans in place that allow the Company to adapt to change as and when it arises. In considering the impact of the Ukraine conflict and general worldwide economic uncertainty at the date of signing of the accounts there has not been a material impact on the operations of the business and minimal impact on cash flows. In addition, the losses suffered by the business in the current year have been reviewed and are considered to be the result of one-off trading issues. Forecasts for the coming year and subsequent year have been performed and show the company returning to profitability with a modest growth in turnover. Management believe there are sufficient funds and resources within the business to deal with any ongoing uncertainty and the recent trading issues.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
4,563 
At 30 April 2024
4,563 
Amortisation
At 1 May 2023
4,563 
At 30 April 2024
4,563 
Net book value
At 30 April 2024
- 
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Devon & Cornwall DC Power Limited Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
42,171 
69,290 
221,988 
36,565 
370,014 
Additions
- 
2,732 
- 
- 
2,732 
Disposals
- 
- 
(38,505)
- 
(38,505)
At 30 April 2024
42,171 
72,022 
183,483 
36,565 
334,241 
Depreciation
At 1 May 2023
36,824 
42,396 
92,672 
24,302 
196,194 
Charge for the year
1,298 
4,153 
30,892 
4,047 
40,390 
On disposals
- 
- 
(12,686)
- 
(12,686)
At 30 April 2024
38,122 
46,549 
110,878 
28,349 
223,898 
Net book value
At 30 April 2024
4,049 
25,473 
72,605 
8,216 
110,343 
At 30 April 2023
5,347 
26,894 
129,316 
12,263 
173,820 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
255,137 
294,760 
Accrued income and prepayments
75,045 
162,233 
Other debtors
16,621 
1,361 
346,803 
458,354 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
112,710 
122,125 
Trade creditors
79,583 
90,788 
Taxes and social security
13,968 
40,798 
Other creditors
12,703 
10,150 
Loans from directors
15,344 
17,041 
Accruals
2,724 
17,615 
Deferred income
115,079 
- 
352,111 
298,517 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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Devon & Cornwall DC Power Limited Notes to the Accounts for the year ended 30 April 2024
9
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 April 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
3,103 
16,463 
Later than one year and not later than five years
25,164 
- 
Later than five years
16,000 
16,000 
44,267 
32,463 
10
Transactions with related parties
Mr E and Mrs E Hall are directors and shareholders of the company. At the Balance sheet date the amount due to Mr E and Mrs E Hall was £15,344 (2023: £17,041).
11
Average number of employees
During the year the average number of employees was 20 (2023: 25).
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