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D C I & E Food Ltd

Unaudited Financial Statements for the Year Ended 31 March 2024






D C I & E Food Ltd (Registered number: 07185551)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D C I & E Food Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Miss Y F Yong





SECRETARY: Y C Yong





REGISTERED OFFICE: Unit 5
Golden Business Park
Orient Way
London
E10 7FE





REGISTERED NUMBER: 07185551 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

D C I & E Food Ltd (Registered number: 07185551)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 48,113 56,615
Tangible assets 5 300,667 385,864
348,780 442,479

CURRENT ASSETS
Stocks 952,602 1,941,628
Debtors 6 2,231,709 2,635,718
Cash at bank 1,139,812 1,122,084
4,324,123 5,699,430
CREDITORS
Amounts falling due within one year 7 1,621,460 3,134,665
NET CURRENT ASSETS 2,702,663 2,564,765
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,051,443

3,007,244

CREDITORS
Amounts falling due after more than one
year

8

(357,352

)

(678,095

)

PROVISIONS FOR LIABILITIES (75,167 ) (70,703 )
NET ASSETS 2,618,924 2,258,446

CAPITAL AND RESERVES
Called up share capital 33,560 33,560
Retained earnings 2,585,364 2,224,886
2,618,924 2,258,446

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

D C I & E Food Ltd (Registered number: 07185551)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2024 and were signed by:





Miss Y F Yong - Director


D C I & E Food Ltd (Registered number: 07185551)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

D C I & E Food 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 15% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

D C I & E Food Ltd (Registered number: 07185551)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 85,018
AMORTISATION
At 1 April 2023 28,403
Charge for year 8,502
At 31 March 2024 36,905
NET BOOK VALUE
At 31 March 2024 48,113
At 31 March 2023 56,615

D C I & E Food Ltd (Registered number: 07185551)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 659,671
Additions 4,466
Disposals (24,035 )
At 31 March 2024 640,102
DEPRECIATION
At 1 April 2023 273,807
Charge for year 73,331
Eliminated on disposal (7,703 )
At 31 March 2024 339,435
NET BOOK VALUE
At 31 March 2024 300,667
At 31 March 2023 385,864

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,687,108 1,829,682
Other debtors 544,601 806,036
2,231,709 2,635,718

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 83,251 82,989
Hire purchase contracts 31,480 31,480
Trade creditors 901,041 2,108,919
Taxation and social security 328,734 367,694
Other creditors 276,954 543,583
1,621,460 3,134,665

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 289,357
Hire purchase contracts 99,152 130,538
Other creditors 258,200 258,200
357,352 678,095