DAC NATIONAL GROUP LIMITED

Company Registration Number:
08386717 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

DAC NATIONAL GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

DAC NATIONAL GROUP LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 467,862 507,695
Total fixed assets: 467,862 507,695
Current assets
Stocks: 8,350 5,400
Debtors:   148,524 150,563
Cash at bank and in hand: 140,433 172,448
Total current assets: 297,307 328,411
Creditors: amounts falling due within one year: 4 (85,297) (72,334)
Net current assets (liabilities): 212,010 256,077
Total assets less current liabilities: 679,872 763,772
Creditors: amounts falling due after more than one year: 5 (46,599) (57,465)
Total net assets (liabilities): 633,273 706,307
Capital and reserves
Called up share capital: 1,400 1,400
Profit and loss account: 631,873 704,907
Shareholders funds: 633,273 706,307

The notes form part of these financial statements

DAC NATIONAL GROUP LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 November 2024
and signed on behalf of the board by:

Name: Mr G R Cook
Status: Director

The notes form part of these financial statements

DAC NATIONAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life: Plant and machinery-25% reducing balance Fixtures and fittings-15% reducing balance Motor vehicles-25% reducing balance

Other accounting policies

Stocks Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost incudes all direct expenditure and an appropriate proportion of fixed and variable overheads.

DAC NATIONAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 6 8

DAC NATIONAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 895,504
Additions 172,774
Disposals (99,667)
At 28 February 2024 968,611
Depreciation
At 01 March 2023 387,809
Charge for year 152,326
On disposals (39,386)
At 28 February 2024 500,749
Net book value
At 28 February 2024 467,862
At 28 February 2023 507,695

DAC NATIONAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

4. Creditors: amounts falling due within one year note

Bank loan 4380 Trade creditors 5455 Obligations under finance leases 32199 Corporation tax 32281 Other taxation and social security 5914 Directors' current accounts 984 Accruals and deferred income 4084 Total creditors 85297

DAC NATIONAL GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

5. Creditors: amounts falling due after more than one year note

Bank loan 19282 Obligations under finance leases 27317 Total creditors 46599