Registered number
07272271
DL5 Llimited
Filleted Accounts
30 September 2023
DL5 Llimited
Registered number: 07272271
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 80,572 103,312
Current assets
Stocks 13,000 10,000
Debtors 5 73,485 73,272
Cash at bank and in hand 60,006 (4,099)
146,491 79,173
Creditors: amounts falling due within one year 6 (226,914) (221,010)
Net current liabilities (80,423) (141,837)
Net assets/(liabilities) 149 (38,525)
Capital and reserves
Called up share capital 1 1
Profit and loss account 148 (38,526)
Shareholders' funds 149 (38,525)
The directors are 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 directors acknowledge their 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.
I A Pollard
Director
Approved by the board on 11 April 2024
DL5 Llimited
Notes to the Accounts
for the year ended 30 September 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.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 9
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2022 82,926
At 30 September 2023 82,926
Amortisation
At 1 October 2022 82,926
At 30 September 2023 82,926
Net book value
At 30 September 2023 -
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 142,851
Additions 4,118
At 30 September 2023 146,969
Depreciation
At 1 October 2022 39,539
Charge for the year 26,858
At 30 September 2023 66,397
Net book value
At 30 September 2023 80,572
At 30 September 2022 103,312
5 Debtors 2023 2022
£ £
Trade debtors 16,181 22,360
Amounts owed by group undertakings and undertakings in which the company has a participating interest 47,304 19,475
Other debtors 10,000 31,437
73,485 73,272
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 170,126 219,696
Taxation and social security costs 56,788 1,314
226,914 221,010
7 Controlling party
The company is under the control of Wentsford Properties Limited.
8 Other information
DL5 Llimited is a private company limited by shares and incorporated in England. Its registered office is:
First Floor Unit 4 Concept Court, Kettlestring Lane, York, YO30 4XF
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