Company Registration No. 06037352 (England and Wales)
Direct 2 Site (UK) Limited
Unaudited accounts
for the year ended 31 December 2023
Direct 2 Site (UK) Limited
Statement of financial position
as at 31 December 2023
Tangible assets
36,883
47,238
Cash at bank and in hand
149,471
61,678
Creditors: amounts falling due within one year
(177,339)
(127,144)
Net current assets
174,178
161,872
Total assets less current liabilities
211,061
209,110
Provisions for liabilities
Net assets
210,246
207,925
Called up share capital
100
100
Profit and loss account
210,146
207,825
Shareholders' funds
210,246
207,925
For the year ending 31 December 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.
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 11 April 2024 and were signed on its behalf by
Mr D Kirton
Director
Company Registration No. 06037352
Direct 2 Site (UK) Limited
Notes to the Accounts
for the year ended 31 December 2023
Direct 2 Site (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 06037352. The registered office is Carson House, 1b St Peters Road, Huntingdon, Cambridgeshire, PE29 7AA.
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 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% reducing balance
Fixtures & fittings
33% straight line
Computer equipment
33% straight line
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.
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.
Direct 2 Site (UK) Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
50,000
3,840
8,982
62,822
At 31 December 2023
50,000
3,840
8,982
62,822
At 1 January 2023
5,000
3,787
6,797
15,584
Charge for the year
9,000
55
1,300
10,355
At 31 December 2023
14,000
3,842
8,097
25,939
At 31 December 2023
36,000
(2)
885
36,883
At 31 December 2022
45,000
53
2,185
47,238
Amounts falling due within one year
Trade debtors
199,164
225,149
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
135,809
87,843
Taxes and social security
36,936
29,863
Other creditors
4,594
9,438
7
Average number of employees
During the year the average number of employees was 2 (2022: 3).