Registered number
01366415
Dee Communications Limited
Unaudited Filleted Accounts
31 March 2024
Dee Communications Limited
Registered number: 01366415
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 561,461 556,898
Current assets
Stocks 5,000 5,000
Debtors 4 140,308 138,272
Cash at bank and in hand 262,914 256,670
408,222 399,942
Creditors: amounts falling due within one year 5 (125,295) (119,445)
Net current assets 282,927 280,497
Total assets less current liabilities 844,388 837,395
Provisions for liabilities (12,290) (9,791)
Net assets 832,098 827,604
Capital and reserves
Called up share capital 125 125
Share premium 49,975 49,975
Revaluation reserve 6 289,608 290,953
Profit and loss account 492,390 486,551
Shareholders' funds 832,098 827,604
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr I Whittingham
Director
Approved by the board on 16 October 2024
Dee Communications Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings not depreciated
Leasehold land and buildings over the lease term
Hire equipment and mobile radios 10% reducing balance
Fixtures, fittings, tools and equipment 10% reducing balance
Computer equipment over 4 years on a straight line basis
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 535,520 827,520 1,363,040
Additions - 26,815 26,815
Disposals - (12,995) (12,995)
At 31 March 2024 535,520 841,340 1,376,860
Depreciation
At 1 April 2023 43,830 762,312 806,142
Charge for the year 2,880 16,802 19,682
On disposals - (10,425) (10,425)
At 31 March 2024 46,710 768,689 815,399
Net book value
At 31 March 2024 488,810 72,651 561,461
At 31 March 2023 491,690 65,208 556,898
Freehold land and buildings: 2024 2023
£ £
Historical cost 224,283 224,283
Cumulative depreciation based on historical cost (17,407) (15,872)
241,690 240,155
The Freehold and Leasehold property were revalued in 2002.
4 Debtors 2024 2023
£ £
Trade debtors 134,499 130,070
Other debtors 5,809 8,202
140,308 138,272
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,062 3,902
Trade creditors 39,184 41,941
Taxation and social security costs 78,032 69,838
Other creditors 3,017 3,764
125,295 119,445
6 Revaluation reserve 2024 2023
£ £
At 1 April 2023 290,953 292,298
Revaluation reserve - Transfer (1,345) (1,345)
At 31 March 2024 289,608 290,953
7 Controlling party
The company was under the control of Dee Ryan Limited throughout the current and prior year.
Dee Ryan Limited is controlled by Mr A T Green.
8 Other information
Dee Communications Limited is a private company limited by shares and incorporated in England. Its registered office is:
Dutton Green
Stanney Mill
Chester
CH2 4SA
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