Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312024-01-01trueNo description of principal activityfalsefalse88false 05003181 2024-01-01 2024-12-31 05003181 2023-01-01 2023-12-31 05003181 2024-12-31 05003181 2023-12-31 05003181 2023-01-01 05003181 5 2024-01-01 2024-12-31 05003181 5 2023-01-01 2023-12-31 05003181 d:Director1 2024-01-01 2024-12-31 05003181 e:PlantMachinery 2024-01-01 2024-12-31 05003181 e:PlantMachinery 2024-12-31 05003181 e:PlantMachinery 2023-12-31 05003181 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05003181 e:MotorVehicles 2024-01-01 2024-12-31 05003181 e:MotorVehicles 2024-12-31 05003181 e:MotorVehicles 2023-12-31 05003181 e:MotorVehicles e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05003181 e:FurnitureFittings 2024-01-01 2024-12-31 05003181 e:FurnitureFittings 2024-12-31 05003181 e:FurnitureFittings 2023-12-31 05003181 e:FurnitureFittings e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05003181 e:OfficeEquipment 2024-01-01 2024-12-31 05003181 e:OfficeEquipment 2024-12-31 05003181 e:OfficeEquipment 2023-12-31 05003181 e:OfficeEquipment e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05003181 e:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05003181 e:CurrentFinancialInstruments 2024-12-31 05003181 e:CurrentFinancialInstruments 2023-12-31 05003181 e:Non-currentFinancialInstruments 2024-12-31 05003181 e:Non-currentFinancialInstruments 2023-12-31 05003181 e:CurrentFinancialInstruments e:WithinOneYear 2024-12-31 05003181 e:CurrentFinancialInstruments e:WithinOneYear 2023-12-31 05003181 e:Non-currentFinancialInstruments e:AfterOneYear 2024-12-31 05003181 e:Non-currentFinancialInstruments e:AfterOneYear 2023-12-31 05003181 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-12-31 05003181 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-12-31 05003181 e:ShareCapital 2024-12-31 05003181 e:ShareCapital 2023-12-31 05003181 e:CapitalRedemptionReserve 2024-12-31 05003181 e:CapitalRedemptionReserve 2023-12-31 05003181 e:RetainedEarningsAccumulatedLosses 2024-12-31 05003181 e:RetainedEarningsAccumulatedLosses 2023-12-31 05003181 d:FRS102 2024-01-01 2024-12-31 05003181 d:Audited 2024-01-01 2024-12-31 05003181 d:FullAccounts 2024-01-01 2024-12-31 05003181 d:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05003181 e:WithinOneYear 2024-12-31 05003181 e:WithinOneYear 2023-12-31 05003181 e:BetweenOneFiveYears 2024-12-31 05003181 e:BetweenOneFiveYears 2023-12-31 05003181 e:HirePurchaseContracts e:WithinOneYear 2024-12-31 05003181 e:HirePurchaseContracts e:WithinOneYear 2023-12-31 05003181 e:HirePurchaseContracts e:BetweenOneFiveYears 2024-12-31 05003181 e:HirePurchaseContracts e:BetweenOneFiveYears 2023-12-31 05003181 d:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05003181 2 2024-01-01 2024-12-31 05003181 6 2024-01-01 2024-12-31 05003181 f:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure

Registered number: 05003181









DYSK LIMITED (FORMALLY DYSK PLC)









FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
DYSK LIMITED (FORMALLY DYSK PLC)
REGISTERED NUMBER: 05003181

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
136,913
103,435

Investments
 5 
100
100

  
137,013
103,535

Current assets
  

Stocks
 6 
484,038
198,477

Debtors: amounts falling due within one year
 7 
1,109,650
1,024,413

Cash at bank and in hand
 8 
519,692
603,089

  
2,113,380
1,825,979

Creditors: amounts falling due within one year
 9 
(1,482,262)
(1,270,254)

Net current assets
  
 
 
631,118
 
 
555,725

Total assets less current liabilities
  
768,131
659,260

Creditors: amounts falling due after more than one year
 10 
(105,512)
(112,547)

  

Net assets
  
662,619
546,713


Capital and reserves
  

Called up share capital 
  
50,001
50,001

Capital redemption reserve
  
50,001
50,001

Profit and loss account
  
562,617
446,711

  
662,619
546,713


Page 1

 
DYSK LIMITED (FORMALLY DYSK PLC)
REGISTERED NUMBER: 05003181
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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: 




................................................
A H Skelton
Director

Date: 8 July 2025

The notes on pages 5 to 13 form part of these financial statements.

Page 2

 
DYSK LIMITED (FORMALLY DYSK PLC)
 

STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024

2024
2023
£
£

Cash flows from operating activities

Profit for the financial year
190,906
121,056

Adjustments for:

Depreciation of tangible assets
58,111
35,761

Loss on disposal of tangible assets
(2,367)
(19,576)

Interest paid
20,853
16,576

Interest received
(136,051)
(9,411)

Taxation charge
64,019
35,128

(Increase)/decrease in stocks
(285,561)
34,341

(Increase) in debtors
(85,237)
(220,050)

Increase in creditors
136,827
270,892

Corporation tax (paid)
(35,113)
(54,714)

Net cash generated from operating activities

(73,613)
210,003


Cash flows from investing activities

Purchase of tangible fixed assets
(108,222)
(53,454)

Sale of tangible fixed assets
19,000
22,499

Interest received
136,051
9,411

HP interest paid
(9,874)
(4,580)

Net cash from investing activities

36,955
(26,124)

Cash flows from financing activities
Page 3

 
DYSK LIMITED (FORMALLY DYSK PLC)
 

STATEMENT OF CASH FLOWS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024


2024
2023

£
£



Repayment of loans
(9,973)
(9,727)

Repayment of/new finance leases
49,213
29,833

Dividends paid
(75,000)
(92,000)

Interest paid
(10,979)
(11,996)

Net cash used in financing activities
(46,739)
(83,890)

Net (decrease)/increase in cash and cash equivalents
(83,397)
99,989

Cash and cash equivalents at beginning of year
603,089
503,100

Cash and cash equivalents at the end of year
519,692
603,089


Cash and cash equivalents at the end of year comprise:

Cash at bank and in hand
519,692
603,089

519,692
603,089


The notes on pages 5 to 13 form part of these financial statements.

Page 4

 
DYSK LIMITED (FORMALLY DYSK PLC)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

DYSK Limited (previously DYSK PLC) ("the Company") is a private company registered in England and Wales. 
The registered office of the Company is First Floor, Radius House, 51 Clarendon Road, Watford, Hertfordshire, United Kingdom, WD17 1HP.
On 11 July 2024, the company re-registered from a public limited company (PLC) to a private limited company (Ltd) under the Companies Act 2006.
The principal activity of the Company is the sale and distribution of air conditioning and renewable heating products to installers and contractors.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 5

 
DYSK LIMITED (FORMALLY DYSK PLC)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 6

 
DYSK LIMITED (FORMALLY DYSK PLC)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.8

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.

 
2.9

Taxation

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.


 
2.10

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25% on cost
Motor vehicles
-
25% on cost
Fixtures and fittings
-
20% on cost
Office equipment
-
15% on cost

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 7

 
DYSK LIMITED (FORMALLY DYSK PLC)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.11

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

 
2.12

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 weighted average 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.

 
2.13

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.

 
2.14

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.

In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

 
2.15

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.

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 8

 
DYSK LIMITED (FORMALLY DYSK PLC)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Directors
2
2



Staff
6
6

8
8


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
2,826
167,490
34,270
106,681
311,267


Additions
-
103,801
-
4,421
108,222


Disposals
-
(38,520)
-
-
(38,520)



At 31 December 2024

2,826
232,771
34,270
111,102
380,969



Depreciation


At 1 January 2024
2,826
68,592
33,735
102,679
207,832


Charge for the year on owned assets
-
56,030
344
1,737
58,111


Disposals
-
(21,887)
-
-
(21,887)



At 31 December 2024

2,826
102,735
34,079
104,416
244,056



Net book value



At 31 December 2024
-
130,036
191
6,686
136,913



At 31 December 2023
-
98,898
535
4,002
103,435

Page 9

 
DYSK LIMITED (FORMALLY DYSK PLC)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2024
100



At 31 December 2024
100





6.


Stocks

2024
2023
£
£

Raw materials and consumables
484,038
198,477

484,038
198,477



7.


Debtors

2024
2023
£
£


Trade debtors
1,074,879
988,056

Other debtors
18,134
9,891

Prepayments and accrued income
16,637
26,466

1,109,650
1,024,413



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
519,692
603,089

519,692
603,089


Page 10

 
DYSK LIMITED (FORMALLY DYSK PLC)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,225
9,973

Trade creditors
1,151,764
968,413

Corporation tax
64,034
35,128

Other taxation and social security
89,726
144,380

Obligations under finance lease and hire purchase contracts
57,373
11,350

Other creditors
39,093
33,068

Accruals and deferred income
70,047
67,942

1,482,262
1,270,254



10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
12,257
22,482

Net obligations under finance leases and hire purchase contracts
93,255
90,065

105,512
112,547


Page 11

 
DYSK LIMITED (FORMALLY DYSK PLC)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,225
9,973


10,225
9,973


Amounts falling due 2-5 years

Bank loans
12,257
22,482


12,257
22,482


22,482
32,455



12.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
57,373
11,350

Between 1-5 years
99,702
90,065

157,075
101,415


13.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £71,414 (2023: £72,667). Contributions totalling £1,712 (2023: £1,641) were payable to the fund at the balance sheet date.

Page 12

 
DYSK LIMITED (FORMALLY DYSK PLC)
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

14.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
34,940
22,971

Later than 1 year and not later than 5 years
149,271
155,625

184,211
178,596


15.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 8 July 2025 by Simon Speller FCA (Senior Statutory Auditor) on behalf of Hillier Hopkins LLP.

 
Page 13