Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-292024-05-29trueNo description of principal activity2023-05-30false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04630936 2023-05-30 2024-05-29 04630936 2022-05-30 2023-05-29 04630936 2024-05-29 04630936 2023-05-29 04630936 2022-05-30 04630936 c:Director2 2023-05-30 2024-05-29 04630936 d:MotorVehicles 2023-05-30 2024-05-29 04630936 d:MotorVehicles 2024-05-29 04630936 d:MotorVehicles 2023-05-29 04630936 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-30 2024-05-29 04630936 d:FurnitureFittings 2023-05-30 2024-05-29 04630936 d:FurnitureFittings 2024-05-29 04630936 d:FurnitureFittings 2023-05-29 04630936 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-30 2024-05-29 04630936 d:OwnedOrFreeholdAssets 2023-05-30 2024-05-29 04630936 d:CurrentFinancialInstruments 2024-05-29 04630936 d:CurrentFinancialInstruments 2023-05-29 04630936 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-29 04630936 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-29 04630936 d:ShareCapital 2023-05-30 2024-05-29 04630936 d:ShareCapital 2024-05-29 04630936 d:ShareCapital 2022-05-30 2023-05-29 04630936 d:ShareCapital 2023-05-29 04630936 d:ShareCapital 2022-05-30 04630936 d:RetainedEarningsAccumulatedLosses 2023-05-30 2024-05-29 04630936 d:RetainedEarningsAccumulatedLosses 2024-05-29 04630936 d:RetainedEarningsAccumulatedLosses 2022-05-30 2023-05-29 04630936 d:RetainedEarningsAccumulatedLosses 2023-05-29 04630936 d:RetainedEarningsAccumulatedLosses 2022-05-30 04630936 d:AcceleratedTaxDepreciationDeferredTax 2024-05-29 04630936 d:AcceleratedTaxDepreciationDeferredTax 2023-05-29 04630936 c:FRS102 2023-05-30 2024-05-29 04630936 c:AuditExempt-NoAccountantsReport 2023-05-30 2024-05-29 04630936 c:FullAccounts 2023-05-30 2024-05-29 04630936 c:PrivateLimitedCompanyLtd 2023-05-30 2024-05-29 04630936 2 2023-05-30 2024-05-29 04630936 e:PoundSterling 2023-05-30 2024-05-29 iso4217:GBP xbrli:pure

Registered number: 04630936









SYDENHAM D.I.Y. LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 MAY 2024

 
SYDENHAM D.I.Y. LIMITED
REGISTERED NUMBER: 04630936

BALANCE SHEET
AS AT 29 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
20,914
5,062

  
20,914
5,062

Current assets
  

Stocks
  
11,200
10,600

Debtors: amounts falling due within one year
 5 
182,058
134,199

Cash at bank and in hand
 6 
352,878
366,156

  
546,136
510,955

Creditors: amounts falling due within one year
 7 
(197,181)
(151,965)

Net current assets
  
 
 
348,955
 
 
358,990

Total assets less current liabilities
  
369,869
364,052

Provisions for liabilities
  

Deferred tax
 8 
1
-

  
 
 
1
 
 
-

Net assets
  
369,870
364,052


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
369,770
363,952

  
369,870
364,052


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
SYDENHAM D.I.Y. LIMITED
REGISTERED NUMBER: 04630936
    
BALANCE SHEET (CONTINUED)
AS AT 29 MAY 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 February 2025.




Hemant Devlia
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 

 
SYDENHAM D.I.Y. LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 MAY 2024



Called up share capital
Profit and loss account
Total equity


£
£
£



At 1 May 2022
100
328,456
328,556





Profit for the year
-
49,596
49,596

Total comprehensive income for the year
-
49,596
49,596


Dividends: Equity capital
-
(14,100)
(14,100)



Total transactions with owners
-
(14,100)
(14,100)





At 30 May 2023
100
363,952
364,052





Profit for the year
-
31,818
31,818

Total comprehensive income for the year
-
31,818
31,818


Dividends: Equity capital
-
(26,000)
(26,000)



At 29 May 2024
100
369,770
369,870



The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
SYDENHAM D.I.Y. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2024

1.


General information

Sydenham DIY Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:
Registered number: 04630936
Registered office: 274 Kirkdale, Sydenham, London, SE26 4RS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
SYDENHAM D.I.Y. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2024

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20%
Fixtures and fittings
-
15%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
SYDENHAM D.I.Y. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2024

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

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 measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 6

 
SYDENHAM D.I.Y. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
38,116
36,355

38,116
36,355


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 30 May 2023
11,500
8,287
19,787


Additions
21,000
-
21,000



At 29 May 2024

32,500
8,287
40,787



Depreciation


At 30 May 2023
7,732
6,993
14,725


Charge for the year on owned assets
4,954
194
5,148



At 29 May 2024

12,686
7,187
19,873



Net book value



At 29 May 2024
19,814
1,100
20,914



At 29 May 2023
3,768
1,294
5,062


5.


Debtors

2024
2023
£
£


Trade debtors
45
7,192

Other debtors
182,013
126,045

Deferred taxation
-
962
Page 7

 
SYDENHAM D.I.Y. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2024

5.Debtors (continued)


182,058
134,199



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
352,878
366,156

352,878
366,156



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
10,786
11,051

Corporation tax
8,897
11,559

Other taxation and social security
5,161
12,261

Other creditors
170,337
115,094

Accruals and deferred income
2,000
2,000

197,181
151,965



8.


Deferred taxation




2024


£






At beginning of year
961


Charged to profit or loss
(961)



At end of year
-

Page 8

 
SYDENHAM D.I.Y. LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MAY 2024
 
8.Deferred taxation (continued)

The deferred tax asset is made up as follows:

2024
2023
£
£


Accelerated capital allowances
-
962

-
962

 
Page 9