Company Registration No. 08590259 (England and Wales)
D.I.C.E Resources Ltd
Unaudited accounts
for the year ended 30 June 2022
D.I.C.E Resources Ltd
Statement of financial position
as at
30 June 2022
Cash at bank and in hand
278
10,435
Creditors: amounts falling due within one year
(44,290)
(55,073)
Net current assets
11,547
3,569
Called up share capital
100
100
Profit and loss account
11,447
3,469
Shareholders' funds
11,547
3,569
For the year ending 30 June 2022 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2023 and were signed on its behalf by
Andrew Colley
Director
Company Registration No. 08590259
D.I.C.E Resources Ltd
Notes to the Accounts
for the year ended 30 June 2022
D.I.C.E Resources Ltd is a private company, limited by shares, registered in England and Wales, registration number 08590259. The registered office is 28 High Street, Bidford-on-Avon, Alcester, West Midlands, B50 4AA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. The useful economic life is 5 years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
D.I.C.E Resources Ltd
Notes to the Accounts
for the year ended 30 June 2022
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Motor vehicles
Cost or valuation
At cost
Amounts falling due within one year
Trade debtors
12,996
14,436
Other debtors
42,563
33,771
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
4,543
-
Trade creditors
2,142
3,555
Taxes and social security
17,981
20,298
Other creditors
11,366
12,479
D.I.C.E Resources Ltd
Notes to the Accounts
for the year ended 30 June 2022
8
Share capital
2022
2021
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest charged on beneficial loan
8,177
-
-
8,177
Interest charged on beneficial loan
8,178
-
-
8,178
Interest at the official rate of 2.0% (2021: 2.5%) was charged on the loan. The maximum amount outstanding during the year was £46,500 The loan is repayable on demand.
10
Average number of employees
During the year the average number of employees was 5 (2021: 5).