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DLC Systems Ltd

Registered Number
10193893
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2024

DLC Systems Ltd
Company Information
for the period from 1 March 2023 to 31 August 2024

Director

Mr O Davidson

Registered Address

23 Jubilee Road
Chichester
PO19 7XB

Registered Number

10193893 (England and Wales)
DLC Systems Ltd
Balance Sheet as at
31 August 2024

Notes

31 Aug 2024

28 Feb 2023

£

£

£

£

Fixed assets
Tangible assets32,9959,217
2,9959,217
Current assets
Stocks-3,080
Debtors8,3781,702
Cash at bank and on hand18011,894
8,55816,676
Creditors amounts falling due within one year(10,977)(23,504)
Net current assets (liabilities)(2,419)(6,828)
Total assets less current liabilities5762,389
Provisions for liabilities(569)(2,304)
Net assets785
Capital and reserves
Called up share capital22
Profit and loss account583
Shareholders' funds785
The financial statements were approved and authorised for issue by the Director on 29 March 2025, and are signed on its behalf by:
Mr O Davidson
Director
Registered Company No. 10193893
DLC Systems Ltd
Notes to the Financial Statements
for the period ended 31 August 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 compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 2312,690
At 31 August 2412,690
Depreciation and impairment
At 01 March 233,473
Charge for year6,222
At 31 August 249,695
Net book value
At 31 August 242,995
At 28 February 239,217
4.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Mr O Davidson(8,285)33,67419,2836,106
(8,285)33,67419,2836,106