Registered number
06186987
DSK Paving Ltd
Filleted Accounts
31 March 2023
DSK Paving Ltd
Registered number: 06186987
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 4,000 5,000
Tangible assets 4 4,671 408
8,671 5,408
Current assets
Stocks 400 400
Debtors 5 1,193 2,784
Cash at bank and in hand 28,505 35,863
30,098 39,047
Creditors: amounts falling due within one year 6 (28,867) (36,244)
Net current assets 1,231 2,803
Net assets 9,902 8,211
Capital and reserves
Called up share capital 3 3
Profit and loss account 9,899 8,208
Shareholders' funds 9,902 8,211
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr D Kingston
Director
Approved by the board on 6 November 2023
DSK Paving Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 10,000
At 31 March 2023 10,000
Amortisation
At 1 April 2022 5,000
Provided during the year 1,000
At 31 March 2023 6,000
Net book value
At 31 March 2023 4,000
At 31 March 2022 5,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 179 892 1,071
Additions - 5,821 5,821
At 31 March 2023 179 6,713 6,892
Depreciation
At 1 April 2022 137 526 663
Charge for the year 11 1,547 1,558
At 31 March 2023 148 2,073 2,221
Net book value
At 31 March 2023 31 4,640 4,671
At 31 March 2022 42 366 408
5 Debtors 2023 2022
£ £
Other debtors 1,193 2,784
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,539 831
Taxation and social security costs 5,372 7,655
Other creditors 21,956 27,758
28,867 36,244
7 Other information
DSK Paving Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Demar House, 14 Church Road
East Wittering
Chichester
West Sussex
PO20 8PS
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