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Registration number: 02964529

DI-TEC POWER LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

DI-TEC POWER LIMITED

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

DI-TEC POWER LIMITED

Company Information

Directors

Mr Jonathan Hope

Mrs Samantha Hope

Registered office

Unit 2 Sarus Court Sarus Court,
Manor Park
Runcorn
WA7 1UL

Accountants

AWM FINANCE LIMITED
121 Hough Green
Chester
Cheshire
CH4 8JW

 

DI-TEC POWER LIMITED

(Registration number: 02964529)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

114,401

117,479

Current assets

 

Stocks

5

335,000

275,000

Debtors

6

489,697

231,331

Cash at bank and in hand

 

8,100

18,293

 

832,797

524,624

Creditors: Amounts falling due within one year

7

(843,118)

(529,183)

Net current liabilities

 

(10,321)

(4,559)

Total assets less current liabilities

 

104,080

112,920

Creditors: Amounts falling due after more than one year

7

(102,040)

(87,173)

Provisions for liabilities

(1,595)

-

Net assets

 

445

25,747

Capital and reserves

 

Called up share capital

2

2

Retained earnings

443

25,745

Shareholders' funds

 

445

25,747

For the financial year ending 31 December 2024 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 June 2025 and signed on its behalf by:
 

 

DI-TEC POWER LIMITED

(Registration number: 02964529)
Balance Sheet as at 31 December 2024

.........................................
Mr Jonathan Hope
Director

 

DI-TEC POWER LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Sarus Court Sarus Court,
Manor Park
Runcorn
WA7 1UL

These financial statements were authorised for issue by the Board on 6 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

DI-TEC POWER LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% on reducing balance

Fixtures and fittings

15% on reducing balance

Motor vehicles

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

DI-TEC POWER LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2023 - 7).

 

DI-TEC POWER LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

8,431

115,630

115,480

239,541

Additions

-

-

26,265

26,265

At 31 December 2024

8,431

115,630

141,745

265,806

Depreciation

At 1 January 2024

2,780

55,345

63,937

122,062

Charge for the year

848

9,043

19,452

29,343

At 31 December 2024

3,628

64,388

83,389

151,405

Carrying amount

At 31 December 2024

4,803

51,242

58,356

114,401

At 31 December 2023

5,651

60,285

51,543

117,479

5

Stocks

2024
£

2023
£

Other inventories

335,000

275,000

6

Debtors

Current

2024
£

2023
£

Trade debtors

289,528

189,227

Prepayments

21,107

19,491

Other debtors

179,062

22,613

 

489,697

231,331

7

Creditors

Creditors: amounts falling due within one year

 

DI-TEC POWER LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

161,188

86,477

Trade creditors

 

195,021

106,645

Taxation and social security

 

290,073

278,955

Accruals and deferred income

 

-

2,640

Other creditors

 

196,836

54,466

 

843,118

529,183

 

DI-TEC POWER LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

102,040

86,763

Other non-current financial liabilities

 

-

410

 

102,040

87,173

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

65,992

49,541

Hire purchase contracts

36,048

37,222

102,040

86,763

Current loans and borrowings

2024
£

2023
£

Bank borrowings

138,518

71,925

Bank overdrafts

341

-

Hire purchase contracts

22,329

14,552

161,188

86,477

9

Dividends

Final dividends paid

2024
£

2023
£

Final dividend of £72,000.00 (2023 - £93,000.00) per each Ordinary Shares

144,000

186,000

 

 

10

Related party transactions

During the year, the directors Mr J Hope and Mrs S Hope, had a combined directors loan account overdrawn balance of £179,062 (2023 £22,612). The loan is unsecured and without interest. There are no formal repayment terrms and the directors are expected to settle the balance in due course.

 

DI-TEC POWER LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

24,480

25,440

One Off Adjustments

During the financial year, the company made the following one-off adjustments to ensure accuracy of its financial statements:

Accrual Adjustment
An accrual for rates was inadvertently omitted in the prior year and recognised in the current financial period. As a result, expenses for the period increased by £40,916. This correction does not affect ongoing operational costs and has been disclosed separately for transparency.

Balance Sheet Reconciliation Adjustment
A reconciliation of the invoice financing account identified differences requiring a one-off adjustment of £86,229. To ensure accuracy this amount was posted to the profit and loss account. This adjustment is not reflective of ongoing transactions but was necessary to maintain the integrity of financial reporting.