D. Brice Ltd


Director	Brice, Dominic Michael


Registered Address	1 Park Gardens
	Yeovil
	BA20 1DW


Place of Business	2 Gunville
	Holwell
	Sherborne
	DT9 5LL


Registered Number	11866547 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		3,234		4,313
			3,234		4,313
Current assets
Debtors	4	46,176		48,479
Cash at bank and on hand		8		42
		46,184		48,521
Creditors amounts falling due within one year	5	(22,293)		(14,713)
Net current assets (liabilities)			23,891		33,808
Total assets less current liabilities			27,125		38,121
Creditors amounts falling due after one year	6		(26,389)		(31,944)
Provisions for liabilities			(615)		(819)
Net assets			121		5,358
Capital and reserves
Called up share capital			100		100
Profit and loss account			21		5,258
Shareholders' funds			121		5,358

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 7 November 2025, and are signed on its behalf by:

Brice, Dominic Michael
Director
Registered Company No. 11866547

D. Brice Ltd

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Vehicles	25

2.	Average number of employees
	The following average number of employees includes the director.


		2025		2024
	Average number of employees during the year	1		1

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	8,000
	At 31 March 25	8,000
	Depreciation and impairment
	At 01 April 24	3,688
	Charge for year	1,078
	At 31 March 25	4,766
	Net book value
	At 31 March 25	3,234
	At 31 March 24	4,313

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	3,834
Amounts owed by group undertakings	26,400	33,400
Other debtors	19,716	11,186
Prepayments and accrued income	60	59
Total	46,176	48,479


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	770	-
Bank borrowings and overdrafts	5,879	5,556
Taxation and social security	14,667	8,199
Other creditors	-	27
Accrued liabilities and deferred income	977	931
Total	22,293	14,713


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	26,389	31,944
Total	26,389	31,944