Company Registration No. 11251699 (England and Wales)
DCS Universal Carpentry & Joinery Ltd
Unaudited filleted accounts
for the year ended 30 April 2024
DCS Universal Carpentry & Joinery Ltd
Unaudited filleted accounts
Contents
DCS Universal Carpentry & Joinery Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
166,947
173,986
Cash at bank and in hand
456
1,333
Creditors: amounts falling due within one year
(558,231)
(240,864)
Net current liabilities
(120,381)
(87,104)
Total assets less current liabilities
52,941
86,882
Creditors: amounts falling due after more than one year
(52,095)
(86,473)
Called up share capital
20
20
Profit and loss account
826
389
Shareholders' funds
846
409
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 January 2025 and were signed on its behalf by
Cristina Voicu
Director
Company Registration No. 11251699
DCS Universal Carpentry & Joinery Ltd
Notes to the Accounts
for the year ended 30 April 2024
DCS Universal Carpentry & Joinery Ltd is a private company, limited by shares, registered in England and Wales, registration number 11251699. The registered office is Ground Floor, Unit 6, Bermer Place, Imperial Way, Watford, Hertfordshire, WD24 4AY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 April 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the rendering of construction contracts is recognised by reference to the stage of completion of the contract and the contractual entitlement to remuneration at each stage.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10%-25% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
Computer equipment
25% straight line
Goodwill is included at cost less accumulated amortisation, provided for on a straight line basis over the estimated useful economic life of 5 years.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
DCS Universal Carpentry & Joinery Ltd
Notes to the Accounts
for the year ended 30 April 2024
In the opinion of the director, £91,318 included in other debtors receivable from connected companies is recoverable in full. The most recent accounts of the debtor companies each show an excess of liabilities over assets.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2023
139,703
33,908
14,179
887
188,677
Additions
13,830
11,000
3,417
150
28,397
Disposals
-
(8,608)
-
-
(8,608)
At 30 April 2024
153,533
36,300
17,596
1,037
208,466
At 1 May 2023
11,083
849
2,526
233
14,691
Charge for the year
19,496
6,435
871
241
27,043
On disposals
-
(215)
-
-
(215)
At 30 April 2024
30,579
7,069
3,397
474
41,519
At 30 April 2024
122,954
29,231
14,199
563
166,947
At 30 April 2023
128,620
33,059
11,653
654
173,986
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
17,846
20,004
DCS Universal Carpentry & Joinery Ltd
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
328,510
131,766
Other debtors
95,268
1,250
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,400
8,063
Obligations under finance leases and hire purchase contracts
34,279
37,242
Trade creditors
139,958
36,247
Taxes and social security
185,524
1,742
Other creditors
86,627
110,630
Loans from directors
90,546
46,940
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
48,609
86,473
DCS Universal Carpentry & Joinery Ltd
Notes to the Accounts
for the year ended 30 April 2024
9
Transactions with related parties
Included within other debtors is an amount of £14,857 owed from NC Coatings Ltd (2023: £11,668 owed to NC Coatings Ltd included in other creditors). NC Coatings is associated by virtue of common control and management. The loan is interest free and repayable upon demand.
Included within trade creditors is an amount of £2,500 (2023: nil) owed to NC Coatings Ltd. During the year NC Coatings Ltd charged labour expenses of £331,765 (2023: £14,523) to the company.
During the year sales of £1,458 (2023: £nil) were rendered to NC Coatings Ltd.
Included within other debtors is an amount of £26,873 owed from Veritas Wines Ltd (2023: £485 owed to Veritas Wines Ltd included in other creditors). Veritas Wines Ltd is associated by virtue of common control and management. The loan is interest free and repayable upon demand.
Included within trade creditors is an amount of £8,216 (2023: nil) owed to Veritas Wines Ltd. During the year Veritas Wines Ltd charged rental expenses of £8,216 (2023: nil) to the company.
Included within other debtors is an amount of £49,588 owed from NewGen Furniture Ltd (2023: £273 owed to NewGen Furniture Ltd included in other creditors). NewGen Furniture Ltd is associated by virtue of common control and management. The loan is interest free and repayable upon demand.
During the year sales of £850 (2023: £nil) were rendered to NewGen Furniture Ltd.
Included within other creditors is an amount of £nil (2023: £88,935) owed to DCS Universal Building Contractors Ltd which was associated by virtue of common management and control in the prior financial year.
During the year sales of £7,704 (2023: £428,982) were rendered to DCS Universal Building Contractors Ltd.
10
Average number of employees
During the year the average number of employees was 10 (2023: 4).