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REGISTERED NUMBER: 05290025 (England and Wales)











































Dash Components Ltd

Unaudited Financial Statements

for the Year Ended 31st March 2024






Dash Components Ltd (Registered number: 05290025)






Contents of the Financial Statements
for the year ended 31st March 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Dash Components Ltd

Company Information
for the year ended 31st March 2024







Directors: C Maher
Miss C Metcalf
Miss K Wallace Maher





Secretary: Miss C Metcalf





Registered office: Halidon House
17D Windmill Way West
Ramparts Business Park
Berwick Upon Tweed
Northumberland
TD15 1TB





Business address: Unit 1
Riverside Mills
Dunsdale Haugh
Selkirk
Selkirkshire
TD7 5EF





Registered number: 05290025 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Dash Components Ltd (Registered number: 05290025)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 698,039 673,930

Current assets
Stocks 418,492 443,084
Debtors 5 249,087 315,423
Cash at bank 382,562 303,397
1,050,141 1,061,904
Creditors
Amounts falling due within one year 6 358,831 288,250
Net current assets 691,310 773,654
Total assets less current liabilities 1,389,349 1,447,584

Creditors
Amounts falling due after more than one
year

7

(295,788

)

(403,642

)

Provisions for liabilities (60,658 ) (39,490 )
Net assets 1,032,903 1,004,452

Capital and reserves
Called up share capital 284 284
Share premium 183,816 183,816
Retained earnings 848,803 820,352
1,032,903 1,004,452

Dash Components Ltd (Registered number: 05290025)

Balance Sheet - continued
31st March 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th October 2024 and were signed on its behalf by:





C Maher - Director


Dash Components Ltd (Registered number: 05290025)

Notes to the Financial Statements
for the year ended 31st March 2024

1. Statutory information

Dash Components Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on cost

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct expenditure and appropriate proportion of fixed and variable overheads. Net realisable value is based on estimated selling prices less further costs expected to be incurred in bringing the stock to completion.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, bank loans, hire purchase contracts and directors' loans.

Bank loans and hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.


Dash Components Ltd (Registered number: 05290025)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts are capitlaised in the balance sheet and are depreciated over their useful lives.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 21 (2023 - 21 ) .

Dash Components Ltd (Registered number: 05290025)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

4. Tangible fixed assets
Improvements
Freehold to Plant and
property property machinery
£    £    £   
Cost
At 1st April 2023 415,226 95,693 246,444
Additions - - 18,308
Disposals - - -
At 31st March 2024 415,226 95,693 264,752
Depreciation
At 1st April 2023 37,740 7,083 117,595
Charge for year 8,305 2,383 21,575
Eliminated on disposal - - -
At 31st March 2024 46,045 9,466 139,170
Net book value
At 31st March 2024 369,181 86,227 125,582
At 31st March 2023 377,486 88,610 128,849

Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1st April 2023 92,794 75,933 25,793 951,883
Additions 11,978 94,555 1,818 126,659
Disposals - (83,600 ) - (83,600 )
At 31st March 2024 104,772 86,888 27,611 994,942
Depreciation
At 1st April 2023 49,954 49,317 16,264 277,953
Charge for year 8,137 12,914 6,385 59,699
Eliminated on disposal - (40,749 ) - (40,749 )
At 31st March 2024 58,091 21,482 22,649 296,903
Net book value
At 31st March 2024 46,681 65,406 4,962 698,039
At 31st March 2023 42,840 26,616 9,529 673,930

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 248,467 229,111
Other debtors 620 86,312
249,087 315,423

Dash Components Ltd (Registered number: 05290025)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 74,602 77,328
Hire purchase contracts 21,541 18,310
Trade creditors 73,628 60,517
Amounts owed to associates 17,500 10,500
Taxation and social security 115,861 91,415
Other creditors 55,699 30,180
358,831 288,250

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 277,235 346,628
Hire purchase contracts 18,553 57,014
295,788 403,642

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after five years 180,605 131,137

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 351,837 423,956
Hire purchase contracts 40,094 75,324
391,931 499,280

The Royal Bank of Scotland holds standard security over the property of the company.

Hire purchase contracts are secured against the assets to which they relate.