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REGISTERED NUMBER: 03981600 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30 September 2024

for

DCI Refrigeration & Electrical Limited

DCI Refrigeration & Electrical Limited (Registered number: 03981600)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Statement of Income and Retained Earnings 7

Balance Sheet 8

Cash Flow Statement 9

Notes to the Cash Flow Statement 10

Notes to the Financial Statements 11


DCI Refrigeration & Electrical Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs R Geer
Mr A Chambers
Mr M J Drain
Mr S R Chambers
Mr B Drain
Mr M Mills
Mr R J Van Zyl





REGISTERED OFFICE: Warrior Business Centre
Fitzherbert Road
Portsmouth
Hampshire
PO6 1TX





REGISTERED NUMBER: 03981600 (England and Wales)





AUDITORS: Griffiths Marshall
Floor 4
Llanthony Warehouse
The Docks
Gloucester
Gloucestershire
GL1 2EH

DCI Refrigeration & Electrical Limited (Registered number: 03981600)

Strategic Report
for the Year Ended 30 September 2024

The directors present their strategic report for the year ended 30 September 2024.

REVIEW OF BUSINESS
We are pleased to present the report and accounts of DCI Refrigeration & Electrical Limited for the year ended 30 September 2024.

As ever, we are extremely grateful for the continued support and hard work of our emplpyees and the loyalty of our clients, suppliers and business partners.

PRINCIPAL RISKS AND UNCERTAINTIES
The company had no financial instruments at the year end other than bank loans and cash, and financial instruments such as debtors and creditors that arise directly from its operations.

ON BEHALF OF THE BOARD:





Mrs R Geer - Director


18 June 2025

DCI Refrigeration & Electrical Limited (Registered number: 03981600)

Report of the Directors
for the Year Ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

DIVIDENDS
An interim dividend of £698.315 per share was paid on 30 September 2024.

The total distribution of dividends for the year ended 30 September 2024 was £698,315.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

Mrs R Geer
Mr A Chambers
Mr M J Drain
Mr S R Chambers
Mr B Drain
Mr M Mills
Mr R J Van Zyl

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





Mrs R Geer - Director


18 June 2025

Report of the Independent Auditors to the Members of
DCI Refrigeration & Electrical Limited

Opinion
We have audited the financial statements of DCI Refrigeration & Electrical Limited (the 'company') for the year ended 30 September 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
DCI Refrigeration & Electrical Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Extent to which our procedures are capable of detecting irregularities including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council's website, to detect material misstatements in respect of irregularities, including fraud.

We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.

In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included:

- Enquiry of management and those charged with governance around actual and potential litigation and
claims as well as actual, suspected and alleged fraud;
- Assessing the extent of compliance with the laws and regulations considered to have a direct material
effect on the financial statements or the operations of the company through enquiry and inspection;
- Reviewing financial statement disclosures and testing to supporting documentation to assess
compliance with applicable laws and regulations;
- Performing audit work over the risk of management bias and override of controls, including testing of
journal entries and other adjustments for appropriateness, evaluating the business rationale of
significant transactions outside the normal course of business and reviewing accounting estimates for
indicators of potential bias.

Report of the Independent Auditors to the Members of
DCI Refrigeration & Electrical Limited


Our Audit procedures were designed to respond to risks of a material misstatement in the financial statements, recognising that the risk of not detecting a material mistatement due to fraud is higher than risk of not detecting one resulting from error, as fraud involves deliberate concealment by, for example, forgery, misrepresentations or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Greg Lewis (Senior Statutory Auditor)
for and on behalf of Griffiths Marshall
Floor 4
Llanthony Warehouse
The Docks
Gloucester
Gloucestershire
GL1 2EH

18 June 2025

DCI Refrigeration & Electrical Limited (Registered number: 03981600)

Statement of Income and Retained Earnings
for the Year Ended 30 September 2024

30.9.24 30.9.23
Notes £    £   

TURNOVER 8,895,582 11,989,529

Cost of sales 6,076,197 9,232,433
GROSS PROFIT 2,819,385 2,757,096

Administrative expenses 1,746,201 2,032,021
OPERATING PROFIT 4 1,073,184 725,075

Interest receivable and similar income 10 -
1,073,194 725,075

Interest payable and similar expenses 5 28,601 41,992
PROFIT BEFORE TAXATION 1,044,593 683,083

Tax on profit 6 265,082 168,880
PROFIT FOR THE FINANCIAL YEAR 779,511 514,203

Retained earnings at beginning of year 729,306 671,819

Dividends 7 (698,315 ) (456,716 )

RETAINED EARNINGS AT END OF
YEAR

810,502

729,306

DCI Refrigeration & Electrical Limited (Registered number: 03981600)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 8 552,031 791,470

CURRENT ASSETS
Stocks 9 8,000 18,199
Debtors 10 1,384,007 3,362,364
Cash at bank 1,109,379 471,117
2,501,386 3,851,680
CREDITORS
Amounts falling due within one year 11 1,994,758 3,311,729
NET CURRENT ASSETS 506,628 539,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,058,659

1,331,421

CREDITORS
Amounts falling due after more than one
year

12

(113,842

)

(418,857

)

PROVISIONS FOR LIABILITIES 15 (133,315 ) (182,258 )
NET ASSETS 811,502 730,306

CAPITAL AND RESERVES
Called up share capital 16 1,000 1,000
Retained earnings 17 810,502 729,306
SHAREHOLDERS' FUNDS 811,502 730,306

The financial statements were approved by the Board of Directors and authorised for issue on 18 June 2025 and were signed on its behalf by:





Mrs R Geer - Director


DCI Refrigeration & Electrical Limited (Registered number: 03981600)

Cash Flow Statement
for the Year Ended 30 September 2024

30.9.24 30.9.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 1,834,892 (35,303 )
Interest paid (1,249 ) -
Interest element of hire purchase
payments paid

(27,352

)

-
Finance costs paid - (41,992 )
Tax paid (200,060 ) (200,060 )
Net cash from operating activities 1,606,231 (277,355 )

Cash flows from investing activities
Purchase of tangible fixed assets (27,495 ) (172,294 )
Sale of tangible fixed assets 40,719 65,080
Interest received 10 -
Net cash from investing activities 13,234 (107,214 )

Cash flows from financing activities
Capital repayments in year (282,888 ) (289,697 )
Amount withdrawn by directors - 20,000
Equity dividends paid (698,315 ) (456,716 )
Net cash from financing activities (981,203 ) (726,413 )

Increase/(decrease) in cash and cash equivalents 638,262 (1,110,982 )
Cash and cash equivalents at
beginning of year

2

471,117

1,582,099

Cash and cash equivalents at end of
year

2

1,109,379

471,117

DCI Refrigeration & Electrical Limited (Registered number: 03981600)

Notes to the Cash Flow Statement
for the Year Ended 30 September 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

30.9.24 30.9.23
£    £   
Profit before taxation 1,044,593 683,083
Depreciation charges 182,095 251,223
Loss/(profit) on disposal of fixed assets 44,121 (33,586 )
Finance costs 28,601 41,992
Finance income (10 ) -
1,299,400 942,712
Decrease in stocks 10,199 31,107
Decrease/(increase) in trade and other debtors 1,978,357 (1,730,517 )
(Decrease)/increase in trade and other creditors (1,453,064 ) 721,395
Cash generated from operations 1,834,892 (35,303 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2024
30.9.24 1.10.23
£    £   
Cash and cash equivalents 1,109,379 471,117
Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 471,117 1,582,099


3. ANALYSIS OF CHANGES IN NET (DEBT)/FUNDS

At 1.10.23 Cash flow At 30.9.24
£    £    £   
Net cash
Cash at bank 471,117 638,262 1,109,379
471,117 638,262 1,109,379
Debt
Finance leases (550,704 ) 282,888 (267,816 )
Debts falling due within 1 year (53,119 ) (8,756 ) (61,875 )
Debts falling due after 1 year (130,303 ) 82,912 (47,391 )
(734,126 ) 357,044 (377,082 )
Total (263,009 ) 995,306 732,297

DCI Refrigeration & Electrical Limited (Registered number: 03981600)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

DCI Refrigeration & Electrical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting
Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the
parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

- Section 7 'Statement of Cash Flows': Presentation of a statement of cash flow and related notes and
disclosures
- Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues: The
disclosure requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48
(b), 11.48(c), 12.26, 12.27, 12.29(a), 12.29(b), and 12.29A;
- Section 33 'Related Party Disclosures': Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of DCI Refrigeration & Electrical 2018 Limited. These consolidated financial statements are available from its registered office, Warrior Business Centre, Fitzherbert Road, Portsmouth, United Kingdom, PO6 1TX

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements,
estimates and assumptions about the carrying amount 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 that 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 where the revision
affects only that period, or in the period of the revision and future periods where the revision affects
both current and future periods.

The main accounting estimates are:

- Useful economic life of tangible fixed assets
- Accruals and prepayments

DCI Refrigeration & Electrical Limited (Registered number: 03981600)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Turnover
Turnover represents the amounts receivable in respect of services provided to contract customers where a right to consideration has been established at the year end.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods) , the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.

Leasehold improvements - 10% on straight line
Plant and Machinery - 33% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation,
net of depreciation and any impairment losses.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of
stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. The directors consider all financial assets basic.

DCI Refrigeration & Electrical Limited (Registered number: 03981600)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors , bank loans, loans from fellow group companies and
preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

DCI Refrigeration & Electrical Limited (Registered number: 03981600)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

3. EMPLOYEES AND DIRECTORS
30.9.24 30.9.23
£    £   
Wages and salaries 2,212,038 2,523,295
Social security costs 243,043 256,496
Other pension costs 137,623 159,054
2,592,704 2,938,845

The average number of employees during the year was as follows:
30.9.24 30.9.23

Directors 7 5
Employees 52 60
59 65


The Directors are considered the only members of key management.

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

30.9.24 30.9.23
£    £   
Hire of plant and machinery 138 184
Leasing - motor vehicles 98,705 98,229
Depreciation - owned assets 182,094 251,225
Loss/(profit) on disposal of fixed assets 44,121 (33,586 )
Fees payable to the company's auditor for the audit of the company's
financial statements

-

11,850

5. INTEREST PAYABLE AND SIMILAR EXPENSES
30.9.24 30.9.23
£    £   
Other interest payable 1,249 18,677
Hire purchase 27,352 23,315
28,601 41,992

DCI Refrigeration & Electrical Limited (Registered number: 03981600)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.9.24 30.9.23
£    £   
Current tax:
UK corporation tax 314,025 200,060

Deferred tax (48,943 ) (31,180 )
Tax on profit 265,082 168,880

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

30.9.24 30.9.23
£    £   
Profit before tax 1,044,593 683,083
Profit multiplied by the standard rate of corporation tax in the UK of
25% (2023 - 25%)

261,148

170,771

Effects of:
Expenses not deductible for tax purposes 14,544 28,098
Depreciation in excess of capital allowances 38,333 36,783
Other deductible expenses - (8,397 )
CT hybrid rate adjustment - (27,195 )
DT movement (48,943 ) (31,180 )
Total tax charge 265,082 168,880

Deferred taxation is provided in full in respect of taxation deferred by accelerated capital allowances between the treatment of certain items for taxation and accounting purposes.

7. DIVIDENDS
30.9.24 30.9.23
£    £   
Ordinary Shares shares of 1 each
Interim 698,315 456,716

DCI Refrigeration & Electrical Limited (Registered number: 03981600)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 75,339 191,264 136,633 1,341,979 1,745,215
Additions - 3,475 - 24,020 27,495
Disposals - - - (188,494 ) (188,494 )
At 30 September 2024 75,339 194,739 136,633 1,177,505 1,584,216
DEPRECIATION
At 1 October 2023 61,066 190,029 127,218 575,432 953,745
Charge for year 1,950 2,055 1,412 176,677 182,094
Eliminated on disposal - - - (103,654 ) (103,654 )
At 30 September 2024 63,016 192,084 128,630 648,455 1,032,185
NET BOOK VALUE
At 30 September 2024 12,323 2,655 8,003 529,050 552,031
At 30 September 2023 14,273 1,235 9,415 766,547 791,470

9. STOCKS
30.9.24 30.9.23
£    £   
Finished goods 8,000 18,199

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,208,722 2,966,393
Amounts owed by group undertakings 125,604 124,810
Amounts owed by participating interests 1,862 1,862
Amounts recoverable on contract - 23,635
Other debtors 11,450 5,623
Prepayments 36,369 240,041
1,384,007 3,362,364

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts (see note 13) 61,875 53,119
Hire purchase contracts (see note 14) 201,365 262,150
Trade creditors 608,796 1,544,458
Tax 314,025 200,060
Social security and other taxes 61,778 56,281
VAT 11,398 409,798
Other creditors 295,848 23,169
Directors' current accounts 22,233 22,233
Accruals and deferred income 417,440 740,461
1,994,758 3,311,729

DCI Refrigeration & Electrical Limited (Registered number: 03981600)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

Net obligations under finance lease and hire purchase contracts of £267,816 (2023- £550,704) are secured by fixed charges on the assets concerned and are included in other creditors falling due within one year and more than one year.

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 13) 47,391 130,303
Hire purchase contracts (see note 14) 66,451 288,554
113,842 418,857

13. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 61,875 53,119

Amounts falling due between one and two years:
Bank loans - 1-2 years 47,391 130,303

14. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.9.24 30.9.23
£    £   
Net obligations repayable:
Within one year 201,365 262,150
Between one and five years 66,451 288,554
267,816 550,704

15. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 133,315 182,258

Deferred
tax
£   
Balance at 1 October 2023 182,258
Provided during year (48,943 )
Balance at 30 September 2024 133,315

DCI Refrigeration & Electrical Limited (Registered number: 03981600)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1,000 Ordinary Shares 1 1,000 1,000

17. RESERVES
Retained
earnings
£   

At 1 October 2023 729,306
Profit for the year 779,511
Dividends (698,315 )
At 30 September 2024 810,502

18. FINANCIAL COMMITMENTS, GUARANTEES AND CONTINGENT LIABILITIES

After the balance sheet date an overdraft facility has been arranged with Natwest Bank secured by a debenture over the assets of the company and guaranteed by the company shareholders.

19. RELATED PARTY DISCLOSURES

The company has taken the exemption permitted by Financial Reporting Standard 102 section 33 not to disclose any related party transactions with any companies in the group headed by DCI Refrigeration & Electrical 2018 Limited, on the basis they are wholly owned group and consolidated accounts are publicly available.

20. ULTIMATE CONTROLLING PARTY

The ultimate parent company of DCI Refrigeration & Electrical Limited is DCI Refrigeration & Electrical
2018 Limited.