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REGISTERED NUMBER: 01505049 (England and Wales)















DEMOLITION SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023






DEMOLITION SERVICES LIMITED (REGISTERED NUMBER: 01505049)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEMOLITION SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: A Wray





SECRETARY: A Wray





REGISTERED OFFICE: DSL House
Wortley Moor Road
Wortley
LEEDS
West Yorkshire
LS12 4JE





REGISTERED NUMBER: 01505049 (England and Wales)





ACCOUNTANTS: HAIGH HUDSON
Chartered Certified Accountants
New Connexion House
2 Marsh Lane
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8AE

DEMOLITION SERVICES LIMITED (REGISTERED NUMBER: 01505049)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,220,725 2,837,931

CURRENT ASSETS
Stocks 113,565 114,965
Debtors 5 973,571 640,188
Cash at bank and in hand 516,089 324,205
1,603,225 1,079,358
CREDITORS
Amounts falling due within one year 6 1,179,779 1,101,377
NET CURRENT ASSETS/(LIABILITIES) 423,446 (22,019 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,644,171

2,815,912

CREDITORS
Amounts falling due after more than one
year

7

(292,376

)

(605,789

)

PROVISIONS FOR LIABILITIES (360,618 ) (54,702 )
NET ASSETS 1,991,177 2,155,421

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Retained earnings 1,951,177 2,115,421
SHAREHOLDERS' FUNDS 1,991,177 2,155,421

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

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

The director acknowledges his 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.

DEMOLITION SERVICES LIMITED (REGISTERED NUMBER: 01505049)

BALANCE SHEET - continued
31 MAY 2023


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

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

The financial statements were approved by the director and authorised for issue on 22 September 2023 and were signed by:





A Wray - Director


DEMOLITION SERVICES LIMITED (REGISTERED NUMBER: 01505049)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Demolition Services Limited 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.
Plant and Machinery - 20% on cost
Fixtures and Fittings - 15% on reducing balance
Motor Vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

DEMOLITION SERVICES LIMITED (REGISTERED NUMBER: 01505049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property Machinery Fittings Vehicles Totals
£    £    £    £    £   
COST
At 1 June 2022 111,500 3,178,473 18,215 517,813 3,826,001
Additions - 510,036 - - 510,036
Disposals - (986,621 ) - (27,600 ) (1,014,221 )
At 31 May 2023 111,500 2,701,888 18,215 490,213 3,321,816
DEPRECIATION
At 1 June 2022 - 716,692 13,434 257,944 988,070
Charge for year - 307,819 702 64,688 373,209
Eliminated on disposal - (242,910 ) - (17,278 ) (260,188 )
At 31 May 2023 - 781,601 14,136 305,354 1,101,091
NET BOOK VALUE
At 31 May 2023 111,500 1,920,287 4,079 184,859 2,220,725
At 31 May 2022 111,500 2,461,781 4,781 259,869 2,837,931

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade Debtors 541,295 438,693
Other Debtors 67 27,089
Tax - 35,833
VAT 279,346 -
Prepayments 152,863 138,573
973,571 640,188

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 49,999 55,390
Hire purchase contracts 313,414 313,414
Trade Creditors 376,263 149,340
Corporation Tax 1,826 -
Social Security and Other Taxes 18,485 25,689
VAT - 111,772
Other Creditors 416,636 22,080
Directors' Current Accounts 1,905 4,259
Accrued Expenses 1,251 419,433
1,179,779 1,101,377

DEMOLITION SERVICES LIMITED (REGISTERED NUMBER: 01505049)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 292,376 605,789

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdraft 49,999 -
Hire purchase contracts 605,790 919,203
655,789 919,203

The bank overdraft is secured by a debenture giving a fixed and floating charge over the assets of the company.