Dash Components Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 05290025 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Dash Components Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms C Metcalf

C Maher

Miss K Wallace Maher

SECRETARY:

Ms C Metcalf

REGISTERED OFFICE:

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

REGISTERED NUMBER:

05290025 (England and Wales)

ACCOUNTANTS:

Douglas Fairless Partnership

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

FIXED ASSETS

Tangible assets

4

673,930

699,468

CURRENT ASSETS

Stocks

443,084

443,084

Debtors

315,423

373,496

Cash at bank and in hand

303,397

348,774

1,061,904

1,165,354

CREDITORS

Amounts falling due within one year

288,250

466,593

NET CURRENT ASSETS

773,654

698,761

TOTAL ASSETS LESS CURRENT LIABILITIES

1,447,584

1,398,229

CREDITORS

Amounts falling due after more than one year

5

(403,642

)

(307,182

)

PROVISIONS FOR LIABILITIES

(39,490

)

(44,237

)

NET ASSETS

1,004,452

1,046,810

CAPITAL AND RESERVES

Called up share capital

284

284

Share premium

183,816

183,816

Retained earnings

820,352

862,710

SHAREHOLDERS' FUNDS

1,004,452

1,046,810

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 December 2023 and were signed on its behalf by:

C Maher - Director

1.	STATUTORY INFORMATION

Dash Components Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2022

936,735

Additions

15,158

Disposals

(10

)

At 31 March 2023

951,883

DEPRECIATION

At 1 April 2022

237,267

Charge for year

40,686

At 31 March 2023

277,953

NET BOOK VALUE

At 31 March 2023

673,930

At 31 March 2022

699,468

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.23

31.3.22

£

£

Repayable by instalments

Bank loans more 5 yr by instal

131,137

25,122