Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mr K Fidler 01/04/2024 Mr B Gay 01/04/2024 Mr D J Harding 22/09/1995 07 January 2025 The principal activity of the company is that of dealers in glass and glass products, and the provision of hygienic walls, floors and ceilings. 01307790 2024-04-30 01307790 bus:Director1 2024-04-30 01307790 bus:Director2 2024-04-30 01307790 bus:Director3 2024-04-30 01307790 2023-04-30 01307790 core:CurrentFinancialInstruments 2024-04-30 01307790 core:CurrentFinancialInstruments 2023-04-30 01307790 core:Non-currentFinancialInstruments 2024-04-30 01307790 core:Non-currentFinancialInstruments 2023-04-30 01307790 core:ShareCapital 2024-04-30 01307790 core:ShareCapital 2023-04-30 01307790 core:CapitalRedemptionReserve 2024-04-30 01307790 core:CapitalRedemptionReserve 2023-04-30 01307790 core:RetainedEarningsAccumulatedLosses 2024-04-30 01307790 core:RetainedEarningsAccumulatedLosses 2023-04-30 01307790 core:Goodwill 2023-04-30 01307790 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-04-30 01307790 core:Goodwill 2024-04-30 01307790 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-04-30 01307790 core:LeaseholdImprovements 2023-04-30 01307790 core:PlantMachinery 2023-04-30 01307790 core:Vehicles 2023-04-30 01307790 core:OfficeEquipment 2023-04-30 01307790 core:LeaseholdImprovements 2024-04-30 01307790 core:PlantMachinery 2024-04-30 01307790 core:Vehicles 2024-04-30 01307790 core:OfficeEquipment 2024-04-30 01307790 bus:OrdinaryShareClass1 2024-04-30 01307790 core:WithinOneYear 2024-04-30 01307790 core:WithinOneYear 2023-04-30 01307790 core:BetweenOneFiveYears 2024-04-30 01307790 core:BetweenOneFiveYears 2023-04-30 01307790 2023-05-01 2024-04-30 01307790 bus:FilletedAccounts 2023-05-01 2024-04-30 01307790 bus:SmallEntities 2023-05-01 2024-04-30 01307790 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 01307790 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01307790 bus:Director1 2023-05-01 2024-04-30 01307790 bus:Director2 2023-05-01 2024-04-30 01307790 bus:Director3 2023-05-01 2024-04-30 01307790 core:Goodwill core:TopRangeValue 2023-05-01 2024-04-30 01307790 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-05-01 2024-04-30 01307790 core:Goodwill 2023-05-01 2024-04-30 01307790 core:LeaseholdImprovements core:TopRangeValue 2023-05-01 2024-04-30 01307790 core:PlantMachinery 2023-05-01 2024-04-30 01307790 core:Vehicles 2023-05-01 2024-04-30 01307790 core:OfficeEquipment 2023-05-01 2024-04-30 01307790 2022-05-01 2023-04-30 01307790 core:LeaseholdImprovements 2023-05-01 2024-04-30 01307790 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 01307790 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01307790 (England and Wales)

DACOL SERVICES (UK) LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

DACOL SERVICES (UK) LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

DACOL SERVICES (UK) LIMITED

BALANCE SHEET

As at 30 April 2024
DACOL SERVICES (UK) LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 4 33,186 32,259
33,186 32,259
Current assets
Stocks 106,564 154,578
Debtors 5 171,330 217,011
Cash at bank and in hand 54,116 107,255
332,010 478,844
Creditors: amounts falling due within one year 6 ( 77,352) ( 166,207)
Net current assets 254,658 312,637
Total assets less current liabilities 287,844 344,896
Creditors: amounts falling due after more than one year 7 ( 27,116) ( 32,537)
Net assets 260,728 312,359
Capital and reserves
Called-up share capital 8 34 34
Capital redemption reserve 66 66
Profit and loss account 260,628 312,259
Total shareholder's funds 260,728 312,359

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

Directors' responsibilities:

The financial statements of Dacol Services (UK) Limited (registered number: 01307790) were approved and authorised for issue by the Board of Directors on 07 January 2025. They were signed on its behalf by:

Mr D J Harding
Director
DACOL SERVICES (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
DACOL SERVICES (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dacol Services (UK) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 53 Lower Polsham Road, Paignton, Devon, TQ3 2BA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Similarly, revenue from services is recognised as delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 5 years straight line
Website costs 5 years straight line
Goodwill

Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 5 years straight line
Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Office equipment 30 % reducing balance
Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 9

3. Intangible assets

Goodwill Website costs Total
£ £ £
Cost
At 01 May 2023 36,500 2,769 39,269
At 30 April 2024 36,500 2,769 39,269
Accumulated amortisation
At 01 May 2023 36,500 2,769 39,269
At 30 April 2024 36,500 2,769 39,269
Net book value
At 30 April 2024 0 0 0
At 30 April 2023 0 0 0

4. Tangible assets

Leasehold improve-
ments
Plant and machinery Vehicles Office equipment Total
£ £ £ £ £
Cost
At 01 May 2023 8,672 20,312 41,155 9,247 79,386
Additions 0 0 10,323 266 10,589
At 30 April 2024 8,672 20,312 51,478 9,513 89,975
Accumulated depreciation
At 01 May 2023 8,672 12,538 18,458 7,459 47,127
Charge for the financial year 0 1,164 7,921 577 9,662
At 30 April 2024 8,672 13,702 26,379 8,036 56,789
Net book value
At 30 April 2024 0 6,610 25,099 1,477 33,186
At 30 April 2023 0 7,774 22,697 1,788 32,259

5. Debtors

2024 2023
£ £
Trade debtors 159,156 144,869
Amounts owed by directors 1,988 0
Prepayments 0 2,523
VAT recoverable ( 5,605) 21,941
Corporation tax 4,295 0
Other debtors 11,496 47,678
171,330 217,011

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 6,521 6,521
Trade creditors 57,839 87,708
Amounts owed to directors 0 350
Accruals 3,413 46,200
Taxation and social security 5,914 25,428
Other creditors 3,665 0
77,352 166,207

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 27,116 32,537

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
34 Ordinary shares of £ 1.00 each 34 34

9. Financial commitments

Commitments

Operating leases

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 5,418 8,503
between one and five years 0 5,418
5,418 13,921

The amount of non-cancellable operating lease payments recognised as an expense during the year was £8,503 (2023 - £8,503).

10. Guarantees

The company holds a debenture with the bank on which there are fixed and floating charges on all leasehold property and other assets.