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REGISTERED NUMBER: 11435305 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

DCS PARTS AND SERVICES LTD

DCS PARTS AND SERVICES LTD (REGISTERED NUMBER: 11435305)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


DCS PARTS AND SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: S Varney
D L Varney
J Wheeler





REGISTERED OFFICE: Beckwith Barn
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 11435305 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

DCS PARTS AND SERVICES LTD (REGISTERED NUMBER: 11435305)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,224 82,413

CURRENT ASSETS
Stocks 5 30,796 59,432
Debtors 6 111,204 194,065
Cash at bank and in hand 416,085 338,444
558,085 591,941
CREDITORS
Amounts falling due within one year 7 462,975 488,064
NET CURRENT ASSETS 95,110 103,877
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,334

186,290

CREDITORS
Amounts falling due after more than one
year

8

47,568

53,853
NET ASSETS 126,766 132,437

CAPITAL AND RESERVES
Called up share capital 462 462
Retained earnings 126,304 131,975
SHAREHOLDERS' FUNDS 126,766 132,437

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

DCS PARTS AND SERVICES LTD (REGISTERED NUMBER: 11435305)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 11 February 2025 and were signed on its behalf by:





S Varney - Director


DCS PARTS AND SERVICES LTD (REGISTERED NUMBER: 11435305)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

DCS Parts and Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 33% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 tax
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 end 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.

DCS PARTS AND SERVICES LTD (REGISTERED NUMBER: 11435305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 5,347 119,055 58,633 183,035
Additions 24,954 - 816 25,770
At 31 July 2024 30,301 119,055 59,449 208,805
DEPRECIATION
At 1 August 2023 3,735 60,741 36,146 100,622
Charge for year 4,042 19,244 5,673 28,959
At 31 July 2024 7,777 79,985 41,819 129,581
NET BOOK VALUE
At 31 July 2024 22,524 39,070 17,630 79,224
At 31 July 2023 1,612 58,314 22,487 82,413

5. STOCKS
2024 2023
£    £   
Stocks 30,796 59,432

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 84,994 171,508
Amounts owed by group undertakings 11,476 -
Other debtors - 7,920
Directors' current accounts 9,986 9,986
Prepayments 4,748 4,651
111,204 194,065

DCS PARTS AND SERVICES LTD (REGISTERED NUMBER: 11435305)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 6,825 6,825
Trade creditors (1,058 ) 4,088
Amounts owed to group undertakings - 857
Tax 123,050 78,862
VAT 34,768 48,521
Other creditors 21,109 25,519
S&J Engineering Limited 121,365 121,365
Accruals and deferred income 156,916 202,027
462,975 488,064

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 1-2 years 6,825 6,825
Other loans - 2-5 years 40,743 47,028
47,568 53,853

9. RELATED PARTY DISCLOSURES

At the year end DCS Parts & Services Limited owed £121,365 (£121,365 - 2023) to a company owned by the Director Mr S Varney.

At the year end the company owed £11,476 to the parent company (2023: Owed £857)