BrightAccountsProduction v1.0.0 v1.0.0 2023-06-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the retail distribution of construction & agricultural plant, parts and accessories for same. 19 February 2025 NI028367 2024-05-31 NI028367 2023-05-31 NI028367 2022-05-31 NI028367 2023-06-01 2024-05-31 NI028367 2022-06-01 2023-05-31 NI028367 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 NI028367 uk-curr:PoundSterling 2023-06-01 2024-05-31 NI028367 uk-bus:AbridgedAccounts 2023-06-01 2024-05-31 NI028367 uk-bus:Director1 2023-06-01 2024-05-31 NI028367 uk-bus:CompanySecretaryDirector1 2023-06-01 2024-05-31 NI028367 uk-bus:CompanySecretary1 2023-06-01 2024-05-31 NI028367 uk-bus:RegisteredOffice 2023-06-01 2024-05-31 NI028367 uk-bus:Agent1 2023-06-01 2024-05-31 NI028367 uk-core:ShareCapital 2024-05-31 NI028367 uk-core:ShareCapital 2023-05-31 NI028367 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 NI028367 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 NI028367 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-05-31 NI028367 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-05-31 NI028367 uk-bus:FRS102 2023-06-01 2024-05-31 NI028367 uk-core:Land 2023-06-01 2024-05-31 NI028367 uk-core:PlantMachinery 2023-06-01 2024-05-31 NI028367 uk-core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 NI028367 uk-core:MotorVehicles 2023-06-01 2024-05-31 NI028367 uk-core:CostValuation 2024-05-31 NI028367 uk-core:Subsidiary1 2023-06-01 2024-05-31 NI028367 uk-core:Subsidiary2 2023-06-01 2024-05-31 NI028367 2023-06-01 2024-05-31 NI028367 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
dDieci Ltd.
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 May 2024



dDieci Ltd.
DIRECTORS AND OTHER INFORMATION

 
Directors Alan Milne
Roslyn Milne
 
 
Company Secretary Roslyn Milne
 
 
Company Registration Number NI028367
 
 
Registered Office and Business Address 245 Armagh Road
Newry
Co. Down
BT35 6NL
Northern Ireland
 
 
Accountants John MacMahon & Co
Chartered Accountants and Registered Auditors
112 Camlough Road
Newry
Co. Down
BT35 7EE
Northern Ireland
 
 
Bankers Danske Bank
  Donegal Square West
  Belfast
  Co. Antrim
  BT1 6JS
  Northern Ireland
   
   
  Bank of Ireland
  12 Trevor Hill
  Newry
  Co. Down
  BT34 IDN
  Northern Ireland
   
   
  National Westminster Bank Plc T/A Ulster Bank
  Ulster Bank Group Centre
  Georges Quay
  Co. Dublin
  Ireland
   
   
  Ulster Bank Limited
  86 Hill Street
  Newry
  Co. Down
  BT34 1BT
  Northern Ireland



dDieci Ltd.
Company Registration Number: NI028367
ABRIDGED BALANCE SHEET
as at 31 May 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 107,394 115,384
Investments 5 84 84
───────── ─────────
Fixed Assets 107,478 115,468
───────── ─────────
 
Current Assets
Stocks 3,945,532 3,975,576
Debtors 8,225,146 6,911,648
Cash at bank and in hand 2,124,658 2,758,484
───────── ─────────
14,295,336 13,645,708
───────── ─────────
Creditors: amounts falling due within one year (2,353,219) (2,270,291)
───────── ─────────
Net Current Assets 11,942,117 11,375,417
───────── ─────────
Total Assets less Current Liabilities 12,049,595 11,490,885
 
Provisions for liabilities (13,061) (13,781)
───────── ─────────
Net Assets 12,036,534 11,477,104
═════════ ═════════
 
Capital and Reserves
Called up share capital 10 10
Retained earnings 12,036,524 11,477,094
───────── ─────────
Shareholders' Funds 12,036,534 11,477,104
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Directors' Report.
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 19 February 2025 and signed on its behalf by
           
           
           
________________________________     ________________________________
Alan Milne     Roslyn Milne
Director     Director
           



dDieci Ltd.
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 May 2024

   
1. General Information
 
dDieci Ltd. is a private company limited by shares and incorporated in Northern Ireland. 245 Armagh Road, Newry, Co. Down, BT35 6NL, Northern Ireland is the registered office, which is also the principal place of business of the company. The company registration number is NI028367.

The financial statements have been presented in Pound Sterling (£) which is also the functional currency of the company.

The Financial Statements cover the individual entity of dDieci Ltd for the year ended 31 May 2024.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 May 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
 
Turnover
Turnover represents the total invoice value of goods and services supplied by the company, excluding trade discounts and value added tax.

Turnover from the provision of goods is recognised when the risks and rewards of ownership of goods have been transferred to the customer. The risks and rewards of ownership of goods are deemed to have been transferred when the goods are shipped to, or are picked up by, the customer.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Long leasehold property - 4% Straight line
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 25% Reducing Balance
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Investments
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Profit and Loss Account in the year in which it is receivable.
 
Stocks
Stocks are valued at the lower of cost and net realisable value using the First-in, first-out valuation basis for parts stock.  Machinery stock is also valued at the lower of cost and net realisable value based on the specific identification of individual costs.  

Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition.  Full provision is made for obsolete and slow moving items.  Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Cash at bank and in hand
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Abridged Balance Sheet bank overdrafts are shown within Creditors.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Pensions
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period to which they relate.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the year was:
 
  2024 2023
  Number Number
 
Administration staff 3 3
Sales staff 13 13
  ───────── ─────────
  16 16
  ═════════ ═════════
             
4. Tangible assets
  Long Plant and Fixtures, Motor Total
  leasehold machinery fittings and vehicles  
  property   equipment    
  £ £ £ £ £
Cost
At 1 June 2023 102,058 237,113 81,177 114,971 535,319
Additions - - - 17,800 17,800
  ───────── ───────── ───────── ───────── ─────────
At 31 May 2024 102,058 237,113 81,177 132,771 553,119
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 June 2023 68,819 193,988 78,974 78,154 419,935
Charge for the financial year 3,863 8,625 551 12,751 25,790
  ───────── ───────── ───────── ───────── ─────────
At 31 May 2024 72,682 202,613 79,525 90,905 445,725
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 May 2024 29,376 34,500 1,652 41,866 107,394
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 May 2023 33,239 43,125 2,203 36,817 115,384
  ═════════ ═════════ ═════════ ═════════ ═════════
       
5. Investments
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
 
At 31 May 2024 84 84
  ───────── ─────────
Net book value
At 31 May 2024 84 84
  ═════════ ═════════
At 31 May 2023 84 84
  ═════════ ═════════
             
5.1. Holdings in related undertakings
The company holds 20% or more of the share capital of the following companies:
 
  Country Nature   Details Proportion
  of of   of held by
Name incorporation and address of Registered Office business   investment company
 
Subsidiary undertaking
Alexandra Real Estate Limited N. Ireland Dormant   Ordinary 100%
 
AMT Plant Limited Republic of Ireland Sale & hire of plant & equipment   Ordinary 100%
 
 
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
 
  Year ended Capital and     Profit for
    reserves     the year
    £     £
 
Alexandra Real Estate Limited   2     -
AMT Plant Limited 31 May 2024 50,005     (84)
    ═════════     ═════════
 
In the opinion of the directors, the value to the company of the unlisted investments is not less than the book amount shown above.
       
6. Pension commitments
 
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £1,593 (2023: £1,964) were due to the fund.  These are included in creditors due within one year.
       
7. Related party transactions
 
Ender Enterprises Ltd is a company, registered in Northern Ireland, under common ownership. Sales are carried out in the normal course of business and are repayable on demand.

Sales to Ender Enterprises Ltd during the year ended 31st May 2024 - £31,252 (2023 - £28,565)
Debtor balance at 31st May 2024 - £5,194 (2023 - £9,610)

During the financial year the company made a loan to Ender Enterprises Ltd of £1,000,000. This amount is repayable on demand.