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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
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DCS Universal Carpentry & Joinery Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,375 
- 
Tangible assets
166,947 
173,986 
173,322 
173,986 
Current assets
Inventories
903 
947 
Debtors
436,491 
151,480 
Cash at bank and in hand
456 
1,333 
437,850 
153,760 
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)
Net assets
846 
409 
Capital and reserves
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
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DCS Universal Carpentry & Joinery Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 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
Goodwill is included at cost less accumulated amortisation, provided for on a straight line basis over the estimated useful economic life of 5 years.
Leased assets
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.
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DCS Universal Carpentry & Joinery Ltd Notes to the Accounts for the year ended 30 April 2024
Significant estimates
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 
£ 
Cost
At 1 May 2023
- 
Additions
7,500 
At 30 April 2024
7,500 
Amortisation
At 1 May 2023
- 
Charge for the year
1,125 
At 30 April 2024
1,125 
Net book value
At 30 April 2024
6,375 
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 
Depreciation
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 
Net book value
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 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
17,846 
20,004 
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DCS Universal Carpentry & Joinery Ltd Notes to the Accounts for the year ended 30 April 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
12,713 
18,464 
Trade debtors
328,510 
131,766 
Other debtors
95,268 
1,250 
436,491 
151,480 
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 
Accruals
18,897 
- 
558,231 
240,864 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,486 
- 
Obligations under finance leases and hire purchase contracts
48,609 
86,473 
52,095 
86,473 
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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).
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