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REGISTERED NUMBER: 04140823 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

DACO SOLUTIONS LIMITED

DACO SOLUTIONS LIMITED (REGISTERED NUMBER: 04140823)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DACO SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: D A Beynon
B P Beynon





SECRETARY: Mrs C J Beynon





REGISTERED OFFICE: Unit 2
Oldbeck Road
Beverley
East Yorkshire
HU17 0JW





REGISTERED NUMBER: 04140823 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

DACO SOLUTIONS LIMITED (REGISTERED NUMBER: 04140823)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 122,254 121,283

CURRENT ASSETS
Stocks 463,500 663,000
Debtors 5 127,251 224,181
Cash at bank 155,180 312,774
745,931 1,199,955
CREDITORS
Amounts falling due within one year 6 415,204 678,295
NET CURRENT ASSETS 330,727 521,660
TOTAL ASSETS LESS CURRENT
LIABILITIES

452,981

642,943

PROVISIONS FOR LIABILITIES 23,228 23,044
NET ASSETS 429,753 619,899

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 429,653 619,799
SHAREHOLDERS' FUNDS 429,753 619,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DACO SOLUTIONS LIMITED (REGISTERED NUMBER: 04140823)

BALANCE SHEET - continued
31 January 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 June 2024 and were signed on its behalf by:





D A Beynon - Director


DACO SOLUTIONS LIMITED (REGISTERED NUMBER: 04140823)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Daco Solutions Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Unit 2, Oldbeck Road, Beverley, East Yorkshire, HU17 0JW.

The principal activity of the company is manufacturing of machinery for the print industry.

The presentational currency of the financial statements is Pound Sterling (£).

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the director, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 10% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Stocks
Stock are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


DACO SOLUTIONS LIMITED (REGISTERED NUMBER: 04140823)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 246,816
Additions 17,749
At 31 January 2024 264,565
DEPRECIATION
At 1 February 2023 125,533
Charge for year 16,778
At 31 January 2024 142,311
NET BOOK VALUE
At 31 January 2024 122,254
At 31 January 2023 121,283

DACO SOLUTIONS LIMITED (REGISTERED NUMBER: 04140823)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 102,832 163,731
Amounts owed by group undertakings 17,816 21,885
Other debtors 6,603 38,565
127,251 224,181

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 128,618 291,644
Taxation and social security 32,688 81,334
Other creditors 253,898 305,317
415,204 678,295