6 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 676 3,934 4,610 169 1,279 1,448 3,162 507 xbrli:pure xbrli:shares iso4217:GBP 14359277 2023-04-01 2024-03-31 14359277 2024-03-31 14359277 2023-03-31 14359277 2022-09-15 2023-03-31 14359277 2023-03-31 14359277 2022-09-14 14359277 core:NetGoodwill 2023-04-01 2024-03-31 14359277 bus:Director1 2023-04-01 2024-03-31 14359277 core:NetGoodwill 2023-03-31 14359277 core:NetGoodwill 2024-03-31 14359277 core:WithinOneYear 2024-03-31 14359277 core:WithinOneYear 2023-03-31 14359277 core:AfterOneYear 2024-03-31 14359277 core:AfterOneYear 2023-03-31 14359277 core:ShareCapital 2024-03-31 14359277 core:ShareCapital 2023-03-31 14359277 core:RetainedEarningsAccumulatedLosses 2024-03-31 14359277 core:RetainedEarningsAccumulatedLosses 2023-03-31 14359277 core:NetGoodwill 2023-03-31 14359277 bus:SmallEntities 2023-04-01 2024-03-31 14359277 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 14359277 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 14359277 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14359277 bus:FullAccounts 2023-04-01 2024-03-31 14359277 core:ComputerEquipment 2023-04-01 2024-03-31 14359277 core:IntangibleAssetsOtherThanGoodwill 2024-03-31 14359277 core:IntangibleAssetsOtherThanGoodwill 2023-03-31 14359277 core:IntangibleAssetsOtherThanGoodwill 2023-04-01 2024-03-31 14359277 core:ComputerEquipment 2023-03-31 14359277 core:ComputerEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 14359277
DC L&D Ltd
Filleted Unaudited Financial Statements
31 March 2024
DC L&D Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
5
345,093
383,795
Tangible assets
6
3,162
507
---------
---------
348,255
384,302
Current assets
Debtors
7
42,450
92,240
Cash at bank and in hand
27,774
68,652
--------
---------
70,224
160,892
Creditors: amounts falling due within one year
8
337,082
442,907
---------
---------
Net current liabilities
266,858
282,015
---------
---------
Total assets less current liabilities
81,397
102,287
Creditors: amounts falling due after more than one year
9
113,307
119,545
---------
---------
Net liabilities
( 31,910)
( 17,258)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 32,010)
( 17,358)
--------
--------
Shareholders deficit
( 31,910)
( 17,258)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DC L&D Ltd
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 31 January 2025 , and are signed on behalf of the board by:
Mr A Collings
Director
Company registration number: 14359277
DC L&D Ltd
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 High Street, Alconbury, Huntingdon, PE28 4DT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
Straight line over 20 years
Franchise fee
-
Straight line over 20 years
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2023: 3 ).
5. Intangible assets
Goodwill
Franchise fee
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
349,999
37,022
387,021
---------
--------
---------
Amortisation
At 1 April 2023
2,917
309
3,226
Charge for the year
35,000
3,702
38,702
---------
--------
---------
At 31 March 2024
37,917
4,011
41,928
---------
--------
---------
Carrying amount
At 31 March 2024
312,082
33,011
345,093
---------
--------
---------
At 31 March 2023
347,082
36,713
383,795
---------
--------
---------
6. Tangible assets
Equipment
£
Cost
At 1 April 2023
676
Additions
3,934
-------
At 31 March 2024
4,610
-------
Depreciation
At 1 April 2023
169
Charge for the year
1,279
-------
At 31 March 2024
1,448
-------
Carrying amount
At 31 March 2024
3,162
-------
At 31 March 2023
507
-------
7. Debtors
2024
2023
£
£
Trade debtors
38,772
92,240
Other debtors
3,678
--------
--------
42,450
92,240
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
6,500
6,851
Trade creditors
206,665
280,800
Corporation tax
3,876
Social security and other taxes
35,101
30,699
Other creditors
84,940
124,557
---------
---------
337,082
442,907
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
113,307
119,545
---------
---------