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COMPANY REGISTRATION NUMBER: 15266930
Door Controls Group Limited
Filleted Unaudited Financial Statements
31 December 2024
Door Controls Group Limited
Statement of Financial Position
31 December 2024
31 Dec 24
Note
£
Fixed assets
Investments
4
1,032,670
Current assets
Debtors
5
11,438
Creditors: amounts falling due within one year
6
569,177
---------
Net current liabilities
557,739
------------
Total assets less current liabilities
474,931
Creditors: amounts falling due after more than one year
7
452,548
---------
Net assets
22,383
---------
Capital and reserves
Called up share capital
8
22,383
--------
Shareholders funds
22,383
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period 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 financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Door Controls Group Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 6 August 2025 , and are signed on behalf of the board by:
Mr N Geyser
Director
Company registration number: 15266930
Door Controls Group Limited
Notes to the Financial Statements
Period from 7 November 2023 to 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 43 Richmond Hill, Bournemouth, Dorset, BH2 6LR, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow statement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. (c) Disclosures in respect of share-based payments have not been presented. (d) No disclosure has been given for the aggregate remuneration of key management personnel.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings
£
Cost
At 7 November 2023
Additions
1,032,670
------------
At 31 December 2024
1,032,670
------------
Impairment
At 7 November 2023 and 31 December 2024
------------
Carrying amount
At 31 December 2024
1,032,670
------------
On 8 April 2024, the company acquired 100% of the share capital in Spiller Door Controls Holdings Limited, a company registered in England & Wales.
At the year end, Spiller Door Controls Holdings Limited had aggregate capital and reserves of £2,242,424 and profit after tax of £nil.
5. Debtors
31 Dec 24
£
Other debtors
11,438
--------
6. Creditors: amounts falling due within one year
31 Dec 24
£
Amounts owed to group undertakings
418,328
Deferred consideration
150,849
---------
569,177
---------
7. Creditors: amounts falling due after more than one year
31 Dec 24
£
Deferred consideration
452,548
---------
8. Called up share capital
On 7 November 2023 1,143,840 ordinary shares were issued with a par value of £11,438.40.
On 8 April 2024, 1,012,408 A ordinary shares and 82,072 B ordinary shares were issued with a par value of £10,124.08 and £820.72 respectively.
All shares rank pari pasu except the B ordinary shares are the only shares that do not carry voting rights. In addition the ordinary, A ordinary and B ordinary shares rank equally for dividends.
9. Charges on assets
On 8 April 2024, three fixed charges were lodged at Companies House in favour of Trevor Smith, Mark Campbell and Scott Brown Risk Management Surveyors Limited.