Registered number
01385922
D.C.I Power Limited
Filleted Accounts
31 December 2024
D.C.I Power Limited
Registered number: 01385922
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 65,912 87,308
Current assets
Debtors 4 62,708 75,698
Cash at bank and in hand 41,197 96,995
103,905 172,693
Creditors: amounts falling due within one year 5 (67,570) (89,880)
Net current assets 36,335 82,813
Total assets less current liabilities 102,247 170,121
Provisions for liabilities (12,522) (16,588)
Net assets 89,725 153,533
Capital and reserves
Called up share capital 200 200
Share premium 24,900 24,900
Capital redemption reserve 100 100
Profit and loss account 64,525 128,333
Shareholders' funds 89,725 153,533
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr S Whiston
Director
Approved by the board on 6 March 2025
D.C.I Power Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Motor vehicle 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 57,695 127,047 184,742
Additions 545 - 545
At 31 December 2024 58,240 127,047 185,287
Depreciation
At 1 January 2024 40,637 56,797 97,434
Charge for the year 4,377 17,564 21,941
At 31 December 2024 45,014 74,361 119,375
Net book value
At 31 December 2024 13,226 52,686 65,912
At 31 December 2023 17,058 70,250 87,308
4 Debtors 2024 2023
£ £
Trade debtors 46,302 69,432
Other debtors 16,406 6,266
62,708 75,698
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 578 872
Taxation and social security costs 56,555 61,142
Other creditors 10,437 27,866
67,570 89,880
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr S Whiston
12,965 (119,915) 107,153 203
Mr P Woodward
247 (113,436) 113,222 33
13,212 (233,351) 220,375 236
The above loans are interest free and repayable on demand.
7 Controlling party
The ultimate control of the company lies with Mr S Whiston and Mr P Woodhead, directors and majority shareholders.
8 Other information
D.C.I Power Limited is a private company limited by shares and incorporated in England. Its registered office is:
22a Main Road
Gedling
Nottingham
NG4 3HP
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