Registered number
10602194
D C Home Improvements Ltd
Filleted Accounts
31 March 2025
D C Home Improvements Ltd
Registered number: 10602194
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 9,600 14,400
Tangible assets 4 7,314 1,421
16,914 15,821
Current assets
Stocks - 2,000
Debtors 5 14,257 3,352
Cash at bank and in hand 10,604 3,597
24,861 8,949
Creditors: amounts falling due within one year 6 (29,932) (21,803)
Net current liabilities (5,071) (12,854)
Total assets less current liabilities 11,843 2,967
Creditors: amounts falling due after more than one year 7 (16,015) (1,517)
Net (liabilities)/assets (4,172) 1,450
Capital and reserves
Called up share capital 1 1
Profit and loss account (4,173) 1,449
Shareholder's funds (4,172) 1,450
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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 D Cerdan-Pecino
Director
Approved by the board on 10 April 2025
D C Home Improvements Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Going Concern
The accounts have been prepared as a going concern. The director has agreed to support the business, this will be reviewed on a regular basis.
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:
Other tangible fixed asset 18% reducing balance basis
Motor vehicles over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 48,000
At 31 March 2025 48,000
Amortisation
At 1 April 2024 33,600
Provided during the year 4,800
At 31 March 2025 38,400
Net book value
At 31 March 2025 9,600
At 31 March 2024 14,400
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2024 5,424 9,270 14,694
Additions - 9,224 9,224
Disposals - (9,270) (9,270)
At 31 March 2025 5,424 9,224 14,648
Depreciation
At 1 April 2024 4,003 9,270 13,273
Charge for the year 256 3,075 3,331
On disposals - (9,270) (9,270)
At 31 March 2025 4,259 3,075 7,334
Net book value
At 31 March 2025 1,165 6,149 7,314
At 31 March 2024 1,421 - 1,421
5 Debtors 2025 2024
£ £
Trade debtors 900 400
Other debtors 13,357 2,952
14,257 3,352
6 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 4,528 1,300
Trade creditors 7,071 1,111
Taxation and social security costs 833 1,774
Other creditors 17,500 17,618
29,932 21,803
7 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 16,015 1,517
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr D Cerdan-Pecino
Director's Loan Account 26 (32,960) 21,062 (11,872)
26 (32,960) 21,062 (11,872)
This will be repaid within 9 months of the year end.
9 Related party transactions
During the year the company continued to have a loan with Ms K Howard. There was no movement on this loan in the year. No interest is due on this loan. The loan value was £17,500 (2024: £17,500) and is included within other creditors due within one year.
10 Controlling party
Mr D Cerdan-Pecino is the controlling party of D C Homes Improvements Ltd by virtue of his directorship and shareholding within the company.
11 Other information
D C Home Improvements Ltd is a private company limited by shares and incorporated in England. Its registered office is:
17 Charnwood
Gosport
Hampshire
PO13 0ZF
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