Company registration number 04210069 (England and Wales)
DESCALE AND CHLORINATION SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
DESCALE AND CHLORINATION SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
DESCALE AND CHLORINATION SERVICES LIMITED
BALANCE SHEET
AS AT
1 FEBRUARY 2024
01 February 2024
- 1 -
1 February 2024
31 May 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
50,936
147,280
Current assets
Stocks
19,700
18,471
Debtors
5
582,781
431,563
Cash at bank and in hand
436,253
617,480
1,038,734
1,067,514
Creditors: amounts falling due within one year
6
(301,821)
(394,597)
Net current assets
736,913
672,917
Total assets less current liabilities
787,849
820,197
Provisions for liabilities
(12,701)
(17,173)
Net assets
775,148
803,024
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
775,146
803,022
Total equity
775,148
803,024

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 1 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 21 October 2024 and are signed on its behalf by:
Mr M  Benford
Director
Company registration number 04210069 (England and Wales)
DESCALE AND CHLORINATION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 1 FEBRUARY 2024
- 2 -
1
Accounting policies
Company information

Descale and Chlorination Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Pavilions Computershare Governance Services, Bridgwater Road, Bristol, United Kingdom, BS13 8FD. The company registration number is 04210069.

1.1
Reporting period

The accounting period end has been shortened to 1 February 2024 from the expected date of 31 May 2024. The reason for shortening the period is to ascertain the final position before takeover. Comparative amounts presented in these financial statements are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
not provided
Plant and equipment
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Computers
25% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

DESCALE AND CHLORINATION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 1 FEBRUARY 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments
Basic financial assets

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Basic financial liabilities

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest method. Loans and borrowings that are receivable within one year are not discounted. If an arrangement constitutes a finance transaction it is measured at present value of future payments discounted at a market rate of interest for a similar loan.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

DESCALE AND CHLORINATION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 1 FEBRUARY 2024
- 4 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
11
11
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost or valuation
At 1 June 2023
50,000
436,989
486,989
Disposals
(50,000)
(271,026)
(321,026)
At 1 February 2024
-
0
165,963
165,963
Depreciation and impairment
At 1 June 2023
-
0
339,709
339,709
Depreciation charged in the period
-
0
11,375
11,375
Eliminated in respect of disposals
-
0
(236,057)
(236,057)
At 1 February 2024
-
0
115,027
115,027
Carrying amount
At 1 February 2024
-
0
50,936
50,936
At 31 May 2023
50,000
97,280
147,280

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

DESCALE AND CHLORINATION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 1 FEBRUARY 2024
4
Tangible fixed assets
(Continued)
- 5 -
Land and buildings
2024
2023
£
£
Cost
-
50,000
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
351,754
336,949
Amounts owed by group undertakings
226,354
-
0
Other debtors
4,673
94,614
582,781
431,563
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
30,091
60,145
Corporation tax
70,608
58,112
Other taxation and social security
114,496
80,674
Other creditors
86,626
195,666
301,821
394,597
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