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Registration number: 03566372

Dc Systems (Uk) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Dc Systems (Uk) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Dc Systems (Uk) Limited

Company Information

Director

Niall Douglas Mckiernon

Company secretary

Sharon Mckiernon

Registered office

Suite 1 Armcon Business Park,
London Road South,
Poynton,
Cheshire,
SK12 1LQ

Accountants

Nolan James Ltd
Suite 1 Armcon Business Park
London Road South
Poynton
Stockport
Cheshire
SK12 1LQ

 

Dc Systems (Uk) Limited

(Registration number: 03566372)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

14,273

19,069

Current assets

 

Debtors

5

35,488

16,731

Cash at bank and in hand

 

142,986

178,003

 

178,474

194,734

Creditors: Amounts falling due within one year

6

(41,066)

(43,667)

Net current assets

 

137,408

151,067

Total assets less current liabilities

 

151,681

170,136

Creditors: Amounts falling due after more than one year

6

(13,333)

(23,334)

Net assets

 

138,348

146,802

Capital and reserves

 

Called up share capital

3

3

Retained earnings

138,345

146,799

Shareholders' funds

 

138,348

146,802

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 February 2025
 

.........................................
Niall Douglas Mckiernon
Director

 

Dc Systems (Uk) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

Dc Systems (Uk) Limited 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.

These financial statements were authorised for issue by the director on 20 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented 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, excluding discounts, rebates,value added tax and other sales taxes..

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance and 20% on cost

 

Dc Systems (Uk) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Deferred Tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 2).

 

Dc Systems (Uk) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Plant and machinery etc
£

Total
£

Cost or valuation

At 1 June 2023

33,861

33,861

At 31 May 2024

33,861

33,861

Depreciation

At 1 June 2023

14,792

14,792

Charge for the year

4,796

4,796

At 31 May 2024

19,588

19,588

Carrying amount

At 31 May 2024

14,273

14,273

At 31 May 2023

19,069

19,069

5

Debtors

Current

2024
£

2023
£

Trade debtors

33,793

16,731

Other debtors

1,695

-

 

35,488

16,731

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8,334

8,333

Trade creditors

 

10,355

10,626

Taxation and social security

 

10,886

13,985

Other creditors

 

11,491

10,723

 

41,066

43,667

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

13,333

23,334