Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-3114false2023-04-01falsesale, hire and servicing of drainage equipment.13truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06203353 2023-04-01 2024-03-31 06203353 2022-04-01 2023-03-31 06203353 2024-03-31 06203353 2023-03-31 06203353 c:Director1 2023-04-01 2024-03-31 06203353 d:Buildings 2023-04-01 2024-03-31 06203353 d:Buildings 2024-03-31 06203353 d:Buildings 2023-03-31 06203353 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06203353 d:Buildings d:ShortLeaseholdAssets 2023-04-01 2024-03-31 06203353 d:PlantMachinery 2023-04-01 2024-03-31 06203353 d:PlantMachinery 2024-03-31 06203353 d:PlantMachinery 2023-03-31 06203353 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06203353 d:MotorVehicles 2023-04-01 2024-03-31 06203353 d:MotorVehicles 2024-03-31 06203353 d:MotorVehicles 2023-03-31 06203353 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06203353 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 06203353 d:OtherPropertyPlantEquipment 2024-03-31 06203353 d:OtherPropertyPlantEquipment 2023-03-31 06203353 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06203353 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06203353 d:CurrentFinancialInstruments 2024-03-31 06203353 d:CurrentFinancialInstruments 2023-03-31 06203353 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06203353 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06203353 d:ShareCapital 2024-03-31 06203353 d:ShareCapital 2023-03-31 06203353 d:RetainedEarningsAccumulatedLosses 2024-03-31 06203353 d:RetainedEarningsAccumulatedLosses 2023-03-31 06203353 c:FRS102 2023-04-01 2024-03-31 06203353 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06203353 c:FullAccounts 2023-04-01 2024-03-31 06203353 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06203353 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06203353










DCR INSPECTION SYSTEMS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
DCR INSPECTION SYSTEMS LIMITED
REGISTERED NUMBER: 06203353

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,271,268
867,665

  
1,271,268
867,665

Current assets
  

Stocks
  
716,055
519,654

Debtors: amounts falling due within one year
 5 
902,939
426,807

Cash at bank and in hand
  
134,182
384,977

  
1,753,176
1,331,438

Creditors: amounts falling due within one year
 6 
(726,150)
(497,025)

Net current assets
  
 
 
1,027,026
 
 
834,413

Total assets less current liabilities
  
2,298,294
1,702,078

Provisions for liabilities
  

Deferred tax
  
(306,017)
(150,154)

  
 
 
(306,017)
 
 
(150,154)

Net assets
  
1,992,277
1,551,924


Capital and reserves
  

Called up share capital 
  
30
30

Profit and loss account
  
1,992,247
1,551,894

  
1,992,277
1,551,924


Page 1

 
DCR INSPECTION SYSTEMS LIMITED
REGISTERED NUMBER: 06203353
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Robert Charles Butler
Director

Date: 23 June 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
DCR INSPECTION SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

DCR inspection Systems Limited is a private company, limited by shares, registered in England and Wales. The company's registered office: 
Unit 7C1 Hepworth Park
Coedcae Lane
Pontyclun
RCT
CF72 9FQ

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have assessed the balance sheet and likely future cash flows of the company at the date of approving the financial statements and believe that the company is well placed to manage its business risks successfully, despite the current uncertain economic outlook. 
The directors have indicated their willingness to continue to provide support where required. 
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Page 3

 
DCR INSPECTION SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan 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 profit or loss 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.

Page 4

 
DCR INSPECTION SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except 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 income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet 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 differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the 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 balance sheet date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Short-term leasehold property
-
10%
Straight line
Plant and machinery
-
20%
Reducing balance, 10% Straight line
Motor vehicles
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
DCR INSPECTION SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

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.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

  
2.13

Financial Instruments

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Page 6

 
DCR INSPECTION SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.14

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make
judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are
not readily apparent from other sources. The estimates and associated assumptions are based on
historical experience and other factors which are considered to be relevant. Actual results may differ
from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision only effects that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The following are the critical judgements that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the income statement.
Provisions and contingencies
Provisions are recognised when the company has a present obligation as a result of a past event and a reliable estimate can be made of a probable adverse outcome. Otherwise, material contingent liabilities are disclosed unless a transfer of economic benefits is considered remote. Contingent assets are only disclosed if an inflow of economic benefits is probable.


3.


Employees

The average monthly number of employees, including directors, during the year was 14 (2023 - 13).

Page 7

 
DCR INSPECTION SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Improve-  ments to property
Plant and machinery
Motor vehicles
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 April 2023
51,074
74,979
70,829
943,270
1,140,152


Additions
3,747
8,536
-
567,464
579,747


Disposals
-
-
-
(44,815)
(44,815)


Transfers between classes
-
-
(31,904)
31,904
-



At 31 March 2024

54,821
83,515
38,925
1,497,823
1,675,084



Depreciation


At 1 April 2023
8,689
49,112
7,311
207,375
272,487


Charge for the year on owned assets
5,402
6,128
9,731
124,493
145,754


Disposals
-
-
-
(14,425)
(14,425)


Transfers between classes
-
-
(7,312)
7,312
-



At 31 March 2024

14,091
55,240
9,730
324,755
403,816



Net book value



At 31 March 2024
40,730
28,275
29,195
1,173,068
1,271,268



At 31 March 2023
42,385
25,867
63,518
735,895
867,665


5.


Debtors

2024
2023
£
£


Trade debtors
863,388
380,135

Other debtors
5,963
38,061

Prepayments and accrued income
33,588
8,611

902,939
426,807


Page 8

 
DCR INSPECTION SYSTEMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
479,147
289,988

Corporation tax
120,024
109,079

Other taxation and social security
48,497
24,018

Other creditors
74,358
70,193

Accruals and deferred income
4,124
3,747

726,150
497,025



7.


Related party transactions

Included in Other creditors as at the balance sheet date was a balance due to the company directors of £14,510 (2023 due from : £32,100). This amount is interest free, unsecured and repayable on demand.

 
Page 9