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ENTERPRISES EUROPE 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D.C.I. ENTERPRISES EUROPE LIMITED

Registered Number
09271456
(England and Wales)

Unaudited Financial Statements for the Year ended
31 October 2024

D.C.I. ENTERPRISES EUROPE LIMITED
Company Information
for the year from 1 November 2023 to 31 October 2024

Director

CHISLETT, David Philip

Registered Address

D.C.I. Enterprises Europe Limited Cardiff House
Priority Business Park
Barry
CF63 2AW

Registered Number

09271456 (England and Wales)
D.C.I. ENTERPRISES EUROPE LIMITED
Balance Sheet as at
31 October 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3274,751264,444
274,751264,444
Current assets
Stocks450,000301,340
Debtors5149,82750,689
Cash at bank and on hand72,7054,364
272,532356,393
Creditors amounts falling due within one year6(325,480)(250,315)
Net current assets (liabilities)(52,948)106,078
Total assets less current liabilities221,803370,522
Creditors amounts falling due after one year7(44,496)(111,454)
Net assets177,307259,068
Capital and reserves
Called up share capital100100
Profit and loss account177,207258,968
Shareholders' funds177,307259,068
The financial statements were approved and authorised for issue by the Director on 2 April 2025, and are signed on its behalf by:
CHISLETT, David Philip
Director
Registered Company No. 09271456
D.C.I. ENTERPRISES EUROPE LIMITED
Notes to the Financial Statements
for the year ended 31 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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).
Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below.
Turnover policy
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.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Fixtures and fittings-10
Vehicles25-
Office Equipment15-
Impairment of non-financial assets policy
Assets which are not carried at fair value are reviewed for evidence of impairment at each reporting date. Where the asset is showing indicators of impairment, the recoverable amount of the asset, is estimated and then compared to the carrying value in the financial statements. Where the carrying amount is in excess of recoverable amount, an impairment loss is recognised in profit or loss.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Trade and other 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.
Trade and other 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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
2.Average number of employees

20242023
Average number of employees during the year65
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 November 2337,37486,453298,696118,37922,305563,207
Additions--70,9973,07839574,470
Disposals--(23,269)--(23,269)
At 31 October 2437,37486,453346,424121,45722,700614,408
Depreciation and impairment
At 01 November 23-47,682217,22423,67610,181298,763
Charge for year-9,69338,11712,1461,87661,832
On disposals--(20,938)--(20,938)
At 31 October 24-57,375234,40335,82212,057339,657
Net book value
At 31 October 2437,37429,078112,02185,63510,643274,751
At 31 October 2337,37438,77181,47294,70312,124264,444
4.Stocks

2024

2023

££
Raw materials and consumables50,000115,000
Work in progress-186,340
Total50,000301,340
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables144,18249,866
Prepayments and accrued income5,645823
Total149,82750,689
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables86,32363,240
Bank borrowings and overdrafts54,01275,933
Taxation and social security103,60444,204
Finance lease and HP contracts31,46934,687
Other creditors28,84930,579
Accrued liabilities and deferred income21,2231,672
Total325,480250,315
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts21,33365,950
Other creditors23,16345,504
Total44,496111,454
8.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts20,25944,280