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Registration number: 07889564

DCL Plumbing Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 January 2024

 

DCL Plumbing Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

DCL Plumbing Ltd

Company Information

Director





 

D C Luckett

Registered office






 

158 Stafford Road
Wallington
Surrey
SM6 9BS

Accountants

A S Partnership Ltd
Chartered Certified Accountants
158 Stafford Road
Wallington
Surrey
SM6 9BS

 

DCL Plumbing Ltd

(Registration number: 07889564)
Balance Sheet as at 30 January 2024

Note

2024
£

2023
£

           

Fixed Assets

   

 

Tangible Assets

4

 

5,268

 

7,004

Current assets

   

 

Stocks

5

450

 

450

 

Debtors

6

86,621

 

75,538

 

Cash at bank and in hand

 

1,290

 

-

 

 

88,361

 

75,988

 

Creditors: Amounts falling due within one year

7

(79,037)

 

(70,483)

 

Net current assets

   

9,324

 

5,505

Total assets less current liabilities

   

14,592

 

12,509

Creditors: Amounts falling due after more than one year

7

 

(12,618)

 

(15,122)

Provisions for liabilities

 

(168)

 

-

Net assets/(liabilities)

   

1,806

 

(2,613)

Capital and reserves

   

 

Called up share capital

100

 

100

 

Profit and loss account

1,706

 

(2,713)

 

Total equity

   

1,806

 

(2,613)

For the financial year ending 30 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

DCL Plumbing Ltd

(Registration number: 07889564)
Balance Sheet as at 30 January 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

As permitted by s444A and s444(5A) of the Companies Act 2006, the directors have not delivered to the Registrar a copy of the directors report, profit and loss account and associated notes.

Approved and authorised by the director on 30 October 2024
 

.........................................
D C Luckett
Director

 

DCL Plumbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
158 Stafford Road
Wallington
Surrey
SM6 9BS

These financial statements were authorised for issue by the director on 30 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

 

DCL Plumbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

DCL Plumbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

DCL Plumbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2024

4

Tangible Assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 31 January 2023

543

5,220

15,289

21,052

At 30 January 2024

543

5,220

15,289

21,052

Depreciation

At 31 January 2023

265

3,110

10,673

14,048

Charge for the year

55

527

1,154

1,736

At 30 January 2024

320

3,637

11,827

15,784

Carrying amount

At 30 January 2024

223

1,583

3,462

5,268

At 30 January 2023

278

2,110

4,616

7,004

5

Stocks

2024
£

2023
£

Other inventories

450

450

6

Debtors

2024
£

2023
£

Trade Debtors

8,716

-

Other debtors

77,905

75,538

Total current trade and other debtors

86,621

75,538

 

DCL Plumbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 January 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

1,383

3,095

Other creditors

 

77,654

67,388

 

79,037

70,483

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

12,618

15,122

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100