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Company registration number:
05057656
Dedham Accountancy & Taxation Services Limited
Unaudited Filleted Financial Statements for the year ended
30 April 2025
Dedham Accountancy & Taxation Services Limited
Statement of Financial Position
30 April 2025
20252024
Note££
Fixed assets    
Intangible assets 5 -  
1
 
Tangible assets 6 -  
753
 
-  
754
 
Current assets    
Debtors 7
100
 
6,396
 
Cash at bank and in hand -  
2,137
 
100
 
8,533
 
Creditors: amounts falling due within one year 8 -  
(6,646
)
Net current assets
100
 
1,887
 
Total assets less current liabilities 100   2,641  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account -  
2,541
 
Shareholders funds
100
 
2,641
 
For the year ending
30 April 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
1 May 2025
, and are signed on behalf of the board by:
Mrs T Woods
Director
Company registration number:
05057656
Dedham Accountancy & Taxation Services Limited
Notes to the Financial Statements
Year ended
30 April 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Santa Maria, Anchor Lane
,
Dedham
,
Colchester
,
Essex
,
CO7 6BX
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Going concern

The company has ceased to trade with effect from 30 November 2024 and prior to the year end, the director as collected debts due to the company and settled amounts payable to creditors, including an estimate of the company's Corporation Tax liability. Therefore, are assets and liabilities have been stated at realisable value. The director will be applying to Companies House to dissolve the company as soon as is practicable.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.
The following principal accounting policies have been applied:

Turnover

Turnover, represents net invoiced sales of goods derived from ordinary activities, and is stated after trade discounts, other sales taxes and net of VAT. Turnover in respect of service contracts, is recognised when the company obtains the right to consideration, and includes amounts due under contracts at the balance sheet date (see below) .
It is company policy to invoice all work-in-progress at the year-end where it is substantially complete and it is reasonable to recognise the profit in full. Where work is not invoiced, provision is made for amounts due under contracts based on costs incurred to date and including profit in proportion to the completeness of the work The amounts so calculated is included in Debtors as accrued income.

Current tax

The tax expense for the year comprises current and deferred tax. Tax is recognised in the income statement, except to the extent 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 tax charge is calculated on the basis of the tax rates and laws that have been enacted or substantively enacted by the reporting 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 timing differences except when deferred tax is recognised on the differences between fair values of assets acquired and the future tax deductions available for them and the differences between 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 reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset of three years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
33.33% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
50% straight line
Fixtures and fittings
33.33% straight line

Defined contribution pension plan

The company operates defined contribution plans for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.
The contributions are recognised as an expense in the Statement of Income and retained earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

Debtors, cash and cash equivalents, and creditors

Debtors
Short term debtors are measured at transaction price, less any impairment.
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.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans,are measured at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2024:
2.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 May 2024
1,000
 
Disposals
(1,000
)
At
30 April 2025
-  
Amortisation  
At
1 May 2024
999
 
Disposals
(999
)
At
30 April 2025
-  
Carrying amount  
At
30 April 2025
-  
At 30 April 2024
1
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 May 2024
3,897
 
Disposals
(3,897
)
At
30 April 2025
-  
Depreciation  
At
1 May 2024
3,144
 
Charge
752
 
Disposals
(3,896
)
At
30 April 2025
-  
Carrying amount  
At
30 April 2025
-  
At 30 April 2024
753
 

7 Debtors

20252024
££
Trade debtors -  
5,508
 
Other debtors
100
 
888
 
100
 
6,396
 

8 Creditors: amounts falling due within one year

20252024
££
Trade creditors -  
1,384
 
Taxation and social security -  
4,118
 
Other creditors -  
1,144
 
-  
6,646
 

9 Share capital

Share capital comprises 100 Ordinary shares of £1 each, allotted, issued and fully paid.