Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.132023-05-01No description of principal activity14truetruefalse 03174306 2023-05-01 2024-04-30 03174306 2022-05-01 2023-04-30 03174306 2024-04-30 03174306 2023-04-30 03174306 c:Director1 2023-05-01 2024-04-30 03174306 d:Buildings 2023-05-01 2024-04-30 03174306 d:Buildings 2024-04-30 03174306 d:Buildings 2023-04-30 03174306 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03174306 d:Buildings d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 03174306 d:MotorVehicles 2023-05-01 2024-04-30 03174306 d:FurnitureFittings 2023-05-01 2024-04-30 03174306 d:ComputerEquipment 2023-05-01 2024-04-30 03174306 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 03174306 d:OtherPropertyPlantEquipment 2024-04-30 03174306 d:OtherPropertyPlantEquipment 2023-04-30 03174306 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03174306 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 03174306 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 03174306 d:LeasedAssetsHeldAsLessee 2023-05-01 2024-04-30 03174306 d:PatentsTrademarksLicencesConcessionsSimilar 2024-04-30 03174306 d:PatentsTrademarksLicencesConcessionsSimilar 2023-04-30 03174306 d:Goodwill 2024-04-30 03174306 d:Goodwill 2023-04-30 03174306 d:CurrentFinancialInstruments 2024-04-30 03174306 d:CurrentFinancialInstruments 2023-04-30 03174306 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 03174306 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 03174306 d:ShareCapital 2024-04-30 03174306 d:ShareCapital 2023-04-30 03174306 d:RetainedEarningsAccumulatedLosses 2024-04-30 03174306 d:RetainedEarningsAccumulatedLosses 2023-04-30 03174306 c:FRS102 2023-05-01 2024-04-30 03174306 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03174306 c:FullAccounts 2023-05-01 2024-04-30 03174306 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03174306 d:WithinOneYear 2024-04-30 03174306 d:WithinOneYear 2023-04-30 03174306 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 03174306 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 03174306 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Registered number: 03174306









DOVETAIL CARPETS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
DOVETAIL CARPETS LIMITED
REGISTERED NUMBER: 03174306

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
1
1

Tangible assets
 5 
14,921
23,689

  
14,922
23,690

Current assets
  

Stocks
  
107,024
120,706

Debtors: amounts falling due within one year
 6 
187,620
154,433

Cash at bank and in hand
  
179,054
211,530

  
473,698
486,669

Creditors: amounts falling due within one year
 7 
(267,392)
(317,103)

Net current assets
  
 
 
206,306
 
 
169,566

Total assets less current liabilities
  
221,228
193,256

  

Net assets
  
221,228
193,256


Capital and reserves
  

Called up share capital 
  
1,101
1,101

Profit and loss account
  
220,127
192,155

  
221,228
193,256


Page 1

 
DOVETAIL CARPETS LIMITED
REGISTERED NUMBER: 03174306

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2024.




................................................
R W Branford
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
DOVETAIL CARPETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Dovetail Carpets Limited is a private company, limited by shares, domiciled in England and Wales, registration number 03174306. The registered office is 226-236 Sprowston Road, Norwich, Norfolk NR3 4HT. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

These financial statements are presented in sterling and rounded to the nearest pound.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have, at the time of approving the financial statements, a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they adopt a going concern basis of accounting in preparing the financial statements. The directors have considered a period of 12 months from the balance sheet date.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
DOVETAIL CARPETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.6

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
DOVETAIL CARPETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows:.

Depreciation is provided on the following basis:

Freehold property
-
15% straight line
Motor vehicles
-
25% reducing balance
Fixtures & fittings
-
25% reducing balance
Computer equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2023 - 14).

Page 5

 
DOVETAIL CARPETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Intangible assets




Patents
Goodwill
Total

£
£
£



Cost


At 1 May 2023
1
91,000
91,001



At 30 April 2024

1
91,000
91,001



Amortisation


At 1 May 2023
-
91,000
91,000



At 30 April 2024

-
91,000
91,000



Net book value



At 30 April 2024
1
-
1



At 30 April 2023
1
-
1



Page 6

 
DOVETAIL CARPETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 May 2023
45,884
172,713
218,597


Disposals
-
(38,803)
(38,803)



At 30 April 2024

45,884
133,910
179,794



Depreciation


At 1 May 2023
45,884
149,024
194,908


Charge for the year on owned assets
-
2,718
2,718


Charge for the year on financed assets
-
5,527
5,527


Disposals
-
(38,280)
(38,280)



At 30 April 2024

45,884
118,989
164,873



Net book value



At 30 April 2024
-
14,921
14,921



At 30 April 2023
-
23,689
23,689

Page 7

 
DOVETAIL CARPETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Trade debtors
124,294
101,737

Other debtors
16,395
7,490

Prepayments and accrued income
38,187
37,947

Deferred taxation
8,744
7,259

187,620
154,433



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Payments received on account
74,739
90,985

Trade creditors
89,353
125,868

Corporation tax
56,090
54,176

Other taxation and social security
28,447
23,374

Obligations under finance lease and hire purchase contracts
-
3,284

Other creditors
14,094
12,884

Accruals and deferred income
4,669
6,532

267,392
317,103





Secured Creditors

The total amount of creditors for which security has been given amounted to £nil (2023 - £3,284). The security is given against the assets of the company that are held under the hire purchase agreements.



Page 8

 
DOVETAIL CARPETS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Deferred taxation




2024


£






At beginning of year
7,259


Charged to profit or loss
1,485



At end of year
8,744

The deferred tax asset is made up as follows:

2024
2023
£
£


Asset arising due to timing differences
8,744
7,259


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £7,273 (2023 - £6,790). Contributions totalling £1,308 (2023 - £1,034) were payable to the fund at the balance sheet date.


10.


Commitments under operating leases

At 30 April 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
13,193
22,616


Page 9