Registered number
08485507
Down to Earth (Salisbury) Limited
Report and Accounts
30 June 2024
Down to Earth (Salisbury) Limited
Registered number: 08485507
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 - 7,528
Current assets
Debtors 5 1,484 2,902
Cash at bank and in hand - 3,504
1,484 6,406
Creditors: amounts falling due within one year 6 (1,484) (8,964)
Net current assets - (2,558)
Total assets less current liabilities - 4,970
Creditors: amounts falling due after more than one year 7 - (5)
Net assets - 4,965
Capital and reserves
Called up share capital 1 1
Profit and loss account (1) 4,964
Shareholder's funds - 4,965
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 member has 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 J Downer
Director
Approved by the board on 29 July 2024
Down to Earth (Salisbury) Limited
Notes to the Accounts
for the period from 1 May 2023 to 30 June 2024
1 Accounting policies
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 Reducing Balance 25%
Motor Vehicles & Office Equipment Reducing Balance 25%
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 18,000
At 30 June 2024 18,000
Amortisation
At 1 May 2023 18,000
At 30 June 2024 18,000
Net book value
At 30 June 2024 -
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 May 2023 43,623 21,101 64,724
Additions 691 - 691
Disposals (44,314) (21,101) (65,415)
At 30 June 2024 - - -
Depreciation
At 1 May 2023 37,360 19,836 57,196
On disposals (37,360) (19,836) (57,196)
At 30 June 2024 - - -
Net book value
At 30 June 2024 - - -
At 30 April 2023 6,263 1,265 7,528
5 Debtors 2024 2023
£ £
Trade debtors - 2,902
Other debtors 1,484 -
1,484 2,902
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 467
Trade creditors - 581
Corporation tax 1,484 4,967
Other taxes and social security costs - 2,279
Other creditors - 670
1,484 8,964
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors - 5
8 Controlling party
9 Going concern
The company ceased trading on 30th June 2024 and the accounts are prepared on this basis
10 Other information
Down to Earth (Salisbury) Limited is a private company limited by shares and incorporated in England. Its registered office is:
5 Shropshire Close
Salisbury
Wiltshire
SP2 9PG
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