DCL Lancashire Limited 09751291 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is Letting of Property Digita Accounts Production Advanced 6.30.9574.0 09751291 2022-09-01 2023-08-31 09751291 2023-08-31 09751291 bus:Director1 1 2023-08-31 09751291 core:RetainedEarningsAccumulatedLosses 2023-08-31 09751291 core:ShareCapital 2023-08-31 09751291 core:CurrentFinancialInstruments 2023-08-31 09751291 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 09751291 core:Non-currentFinancialInstruments 2023-08-31 09751291 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 09751291 core:LandBuildings 2023-08-31 09751291 core:AllSubsidiaries 2023-08-31 09751291 bus:SmallEntities 2022-09-01 2023-08-31 09751291 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 09751291 bus:FullAccounts 2022-09-01 2023-08-31 09751291 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 09751291 bus:RegisteredOffice 2022-09-01 2023-08-31 09751291 bus:Director1 2022-09-01 2023-08-31 09751291 bus:Director1 1 2022-09-01 2023-08-31 09751291 bus:Director2 2022-09-01 2023-08-31 09751291 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09751291 core:Buildings 2022-09-01 2023-08-31 09751291 core:LandBuildings 2022-09-01 2023-08-31 09751291 core:AllSubsidiaries 2022-09-01 2023-08-31 09751291 countries:EnglandWales 2022-09-01 2023-08-31 09751291 2022-08-31 09751291 bus:Director1 1 2022-08-31 09751291 core:LandBuildings 2022-08-31 09751291 core:AllSubsidiaries 2022-08-31 09751291 2021-09-01 2022-08-31 09751291 2022-08-31 09751291 bus:Director1 1 2022-08-31 09751291 core:RetainedEarningsAccumulatedLosses 2022-08-31 09751291 core:ShareCapital 2022-08-31 09751291 core:CurrentFinancialInstruments 2022-08-31 09751291 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 09751291 core:Non-currentFinancialInstruments 2022-08-31 09751291 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 09751291 core:LandBuildings 2022-08-31 09751291 core:AllSubsidiaries 2022-08-31 09751291 bus:Director1 1 2021-09-01 2022-08-31 09751291 2021-08-31 09751291 bus:Director1 1 2021-08-31 09751291 core:AllSubsidiaries 2021-08-31 iso4217:GBP xbrli:pure

Registration number: 09751291

DCL Lancashire Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

DCL Lancashire Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

DCL Lancashire Limited

Company Information

Director

Mr David Lord

Registered office

Ground Floor Unit 8, Vantage Court
Riverside Way
Barrowford
Nelson
Lancashire
BB9 6BP

Accountants

Hughes Accountants Limited
AAT Licensed Accountant
Ground Floor Unit 8, Vantage Court
Riverside Way
Barrowford
Nelson
Lancashire
BB9 6BP

 

DCL Lancashire Limited

(Registration number: 09751291)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

924,796

517,808

Current assets

 

Debtors

5

408,926

325,219

Cash at bank and in hand

 

47,411

6,298

 

456,337

331,517

Creditors: Amounts falling due within one year

6

(466,422)

(223,586)

Net current (liabilities)/assets

 

(10,085)

107,931

Total assets less current liabilities

 

914,711

625,739

Creditors: Amounts falling due after more than one year

6

(1,084,059)

(757,038)

Net liabilities

 

(169,348)

(131,299)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(169,349)

(131,300)

Shareholders' deficit

 

(169,348)

(131,299)

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 June 2025
 

.........................................
Mr David Lord
Director

 

DCL Lancashire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

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:
Ground Floor Unit 8, Vantage Court
Riverside Way
Barrowford
Nelson
Lancashire
BB9 6BP
England and Wales

The principal place of business is:
Wellfield Farm
Ightenhill Park Lane
Burnley
Lancashire
BB12 0RP

These financial statements were authorised for issue by the director on 9 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.

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.

 

DCL Lancashire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

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

Freehold Buildings

2% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

 

DCL Lancashire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 September 2022

554,147

554,147

Additions

406,988

406,988

At 31 August 2023

961,135

961,135

Depreciation

At 1 September 2022

36,339

36,339

At 31 August 2023

36,339

36,339

Carrying amount

At 31 August 2023

924,796

924,796

At 31 August 2022

517,808

517,808

Included within the net book value of land and buildings above is £924,796 (2022 - £517,808) in respect of freehold land and buildings.
 

Registration of Charge

A charge was created on Company property on the 12th January 2016

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

58,355

70,835

Amounts owed by related parties

9

(77,187)

(77,187)

Prepayments

 

-

2,667

Other debtors

 

427,758

328,904

   

408,926

325,219

 

DCL Lancashire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

94,812

58,983

Trade creditors

 

316,747

105,243

Taxation and social security

 

-

2,470

Accruals and deferred income

 

-

2,000

Other creditors

 

54,863

54,890

 

466,422

223,586

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

1,084,059

757,038

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

Allotted, called up and not fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Other borrowings

1,084,059

757,038

 

DCL Lancashire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

2023
£

2022
£

Current loans and borrowings

Bank overdrafts

754

-

Other borrowings

94,058

58,983

94,812

58,983

9

Related party transactions

 

DCL Lancashire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Transactions with the director

2023

At 1 September 2022
£

At 31 August 2023
£

Mr Michael James Lord

Advances

9

9

     
   

 

2022

At 1 September 2021
£

At 31 August 2022
£

Mr Michael James Lord

Advances

9

9

     
   

 

 

DCL Lancashire Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

Summary of transactions with subsidiaries

DCL ( Frostholme Mill ) Ltd
 Payment of loans to mortgage provider
 On demand
 

Loans to related parties

2023

Subsidiary
£

Total
£

At start of period

74,300

74,300

At end of period

74,300

74,300

2022

Subsidiary
£

Total
£

At start of period

74,300

74,300

At end of period

74,300

74,300