2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10138515 2023-04-01 2024-03-31 10138515 2024-03-31 10138515 2023-03-31 10138515 2022-04-01 2023-03-31 10138515 2023-03-31 10138515 2022-03-31 10138515 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 10138515 bus:Director1 2023-04-01 2024-03-31 10138515 bus:Director2 2023-04-01 2024-03-31 10138515 core:WithinOneYear 2024-03-31 10138515 core:WithinOneYear 2023-03-31 10138515 core:ShareCapital 2024-03-31 10138515 core:ShareCapital 2023-03-31 10138515 core:RetainedEarningsAccumulatedLosses 2024-03-31 10138515 core:RetainedEarningsAccumulatedLosses 2023-03-31 10138515 bus:Director1 2023-03-31 10138515 bus:Director1 2024-03-31 10138515 bus:Director1 2022-03-31 10138515 bus:Director1 2023-03-31 10138515 bus:Director1 2022-04-01 2023-03-31 10138515 bus:SmallEntities 2023-04-01 2024-03-31 10138515 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10138515 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 10138515 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10138515 bus:FullAccounts 2023-04-01 2024-03-31 10138515 bus:OrdinaryShareClass1 2024-03-31 10138515 bus:OrdinaryShareClass1 2023-03-31
COMPANY REGISTRATION NUMBER: 10138515
DRCT (SJR) Ltd
Filleted Unaudited Financial Statements
31 March 2024
DRCT (SJR) Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Current assets
Debtors
5
17,641,967
12,985,597
Investments
6
100
100
Cash at bank and in hand
3,227,608
4,883,886
--------------
--------------
20,869,675
17,869,583
Creditors: amounts falling due within one year
7
436,191
42,876
--------------
--------------
Net current assets
20,433,484
17,826,707
--------------
--------------
Total assets less current liabilities
20,433,484
17,826,707
--------------
--------------
Net assets
20,433,484
17,826,707
--------------
--------------
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
20,433,483
17,826,706
--------------
--------------
Shareholders funds
20,433,484
17,826,707
--------------
--------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DRCT (SJR) Ltd
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 18 October 2024 , and are signed on behalf of the board by:
Mr D R Cameron
Mr R G Thompson
Director
Director
Company registration number: 10138515
DRCT (SJR) Ltd
Notes to the Financial Statements
Year ended 31st March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Clayton Court, Duke Street, Chester, Cheshire, CH11NE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, which the transaction is measured at the present value of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payment discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
17,641,967
12,985,597
--------------
--------------
6. Investments
2024
2023
£
£
Investments in group undertakings
100
100
----
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
410,946
24,067
Other creditors
25,245
18,809
----------
---------
436,191
42,876
----------
---------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr D R Cameron
( 17,125)
( 3,050,013)
3,043,505
( 23,633)
---------
-------------
-------------
---------
2023
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Mr D R Cameron
( 107,316)
( 4,640,013)
4,730,204
( 17,125)
----------
-------------
-------------
---------