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Registered Number: 10867830
England and Wales

 

 

 

DYCARD DEVELOPMENTS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 August 2023

End date: 31 July 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 252    737 
252    737 
Current assets      
Debtors 33,849    60,819 
Cash at bank and in hand 915    12,074 
34,764    72,893 
Creditors: amount falling due within one year (40,180)   (47,185)
Net current assets (5,416)   25,708 
 
Total assets less current liabilities (5,164)   26,445 
Creditors: amount falling due after more than one year (8,778)   (19,065)
Net assets (13,942)   7,380 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (14,042)   7,280 
Shareholders' funds (13,942)   7,380 
 


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 23 January 2025 and were signed by:


-------------------------------
Mr J P Cardy
Director
1
General Information
Dycard Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 10867830, registration address 34 Roebuck Estate, Binfield, Bracknell, Berkshire, RG42 4DG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income, 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 statement of financial position date.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 and 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.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery - 25% on cost
Computer equipment - 33% on cost
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. 


Debtors
Short term debtors are measured at transaction price less any impairment. Loans receivable are measured at initially at fair value, net of transaction costs, and are measured subsequently at amortised costs using the effective interest method.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans are measured initially at fair value, net of transaction costs, and are subsequently measured at amortised costs using the effective interest method.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 August 2023 6,326    18,795    1,418    1,702    28,241 
Additions        
Disposals        
At 31 July 2024 6,326    18,795    1,418    1,702    28,241 
Depreciation
At 01 August 2023 6,086    18,795    1,418    1,205    27,504 
Charge for year 240        245    485 
On disposals        
At 31 July 2024 6,326    18,795    1,418    1,450    27,989 
Net book values
Closing balance as at 31 July 2024       252    252 
Opening balance as at 01 August 2023 240        497    737 


4.

Director’s loan

Director's Advances, Credits And Guarantees

At the balance sheet, there were credit balances on the following directors' loan accounts:

Mr James & Mrs Karen Cardy  - £Nil (2023: £1)

The above loan is interest free with no fixed date of repayment.


5.

Debtors: amounts falling within one year

.   2024
£
  2023
£
Trade debtors 4,191  17,500 
Prepayments & Accrued Income 29,658  38,472 
Other Debtors 4,847 
33,849  60,819 

6.

Creditors: amount falling due within one year

.   2024
£
  2023
£
Bank loans & Overdrafts 10,289  10,035 
Corporation Tax 17,150  19,505 
PAYE & Social Security 972  1,620 
Accrued expenses 4,071  4,008 
Directors
VAT 7,698  12,016 
40,180  47,185 

7.

Creditors: amount falling due after more than one year

.   2024
£
  2023
£
Bank loans & overdrafts 8,778  19,065 
8,778  19,065 

2