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Company Registration No. 08531039 (England and Wales)
DST HOLDINGS LTD Unaudited accounts for the year ended 31 May 2023
DST HOLDINGS LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,663 
20,829 
Current assets
Inventories
1,261,390 
541,645 
Debtors
289,799 
285,140 
Cash at bank and in hand
88,656 
20,934 
1,639,845 
847,719 
Creditors: amounts falling due within one year
(1,413,516)
(704,790)
Net current assets
226,329 
142,929 
Total assets less current liabilities
242,992 
163,758 
Creditors: amounts falling due after more than one year
(71,983)
(30,075)
Net assets
171,009 
133,683 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
171,008 
133,682 
Shareholders' funds
171,009 
133,683 
For the year ending 31 May 2023 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 29 August 2023 and were signed on its behalf by
Davinder Singh Dhanoa Director Company Registration No. 08531039
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DST HOLDINGS LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
DST HOLDINGS LTD is a private company, limited by shares, registered in England and Wales, registration number 08531039. The registered office is Unit 20b, Calderdale Business Park, Club lane, Halifax, HX2 8DB, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
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:
Plant & machinery
20% on reducing balance
Fixtures & fittings
20% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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DST HOLDINGS LTD Notes to the Accounts for the year ended 31 May 2023
Pension costs
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.
Going concern
The director has considered the ongoing economic situation and the challenges currently facing the UK economy as part of his going concern assessment. The director has also considered how the company will meet the challenges presented by the current economic climate and has carried out a detailed review of the company's resources including the adequacy of working capital for the next twelve months. In assessing the unknown short, medium and long-term effects of these challenges, he acknowledges that there is a material uncertainty. In reaching his conclusion, the director has considered the post year end trading performance and has also considered the availability of funding both internally and externally. The director is satisfied that the company has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of the financial statements. After considering all the factors, the director will continue to adopt the going concern basis in preparing the financial statements.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2022
49,160 
At 31 May 2023
49,160 
Depreciation
At 1 June 2022
28,331 
Charge for the year
4,166 
At 31 May 2023
32,497 
Net book value
At 31 May 2023
16,663 
At 31 May 2022
20,829 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
3,396 
4,244 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
6
Average number of employees
During the year the average number of employees was 8 (2022: 8).
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