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REGISTERED NUMBER: 02861126 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

D O F A S Limited

D O F A S Limited (Registered number: 02861126)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

D O F A S Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J Pennington
Mrs C M Pennington





REGISTERED OFFICE: 74-80 Vauxhall Road
Liverpool
L3 6DL





REGISTERED NUMBER: 02861126 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

D O F A S Limited (Registered number: 02861126)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 119,669 72,575
Investment property 5 120,000 120,000
239,669 192,575

CURRENT ASSETS
Stocks 16,567 16,847
Debtors 6 174,628 209,537
Cash at bank 1,170,769 1,042,416
1,361,964 1,268,800
CREDITORS
Amounts falling due within one year 7 138,743 104,608
NET CURRENT ASSETS 1,223,221 1,164,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,462,890

1,356,767

PROVISIONS FOR LIABILITIES 28,370 16,157
NET ASSETS 1,434,520 1,340,610

CAPITAL AND RESERVES
Called up share capital 8 101 101
Fair value reserve 9 32,466 32,466
Retained earnings 9 1,401,953 1,308,043
SHAREHOLDERS' FUNDS 1,434,520 1,340,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:





J Pennington - Director


D O F A S Limited (Registered number: 02861126)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

D O F A S Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures & equipment - 20% on cost
Motor vehicles - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

D O F A S Limited (Registered number: 02861126)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Freehold Fixtures Motor
property Flat F&F & equipment vehicles Totals
£    £    £    £    £   
COST
At 1 May 2023 87,858 2,723 90,438 111,540 292,559
Additions - - - 65,290 65,290
Disposals - - - (23,995 ) (23,995 )
At 30 April 2024 87,858 2,723 90,438 152,835 333,854
DEPRECIATION
At 1 May 2023 39,829 2,723 88,391 89,041 219,984
Charge for year 1,757 - 778 15,660 18,195
Eliminated on disposal - - - (23,994 ) (23,994 )
At 30 April 2024 41,586 2,723 89,169 80,707 214,185
NET BOOK VALUE
At 30 April 2024 46,272 - 1,269 72,128 119,669
At 30 April 2023 48,029 - 2,047 22,499 72,575

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 120,000
NET BOOK VALUE
At 30 April 2024 120,000
At 30 April 2023 120,000

6. DEBTORS
30.4.24 30.4.23
£    £   
Amounts falling due within one year:
Trade debtors 140,524 175,965
Other debtors 4,104 3,572
144,628 179,537

Amounts falling due after more than one year:
Amounts owed by associates 30,000 30,000

Aggregate amounts 174,628 209,537

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 55,546 35,073
Taxation and social security 58,410 48,374
Other creditors 24,787 21,161
138,743 104,608

D O F A S Limited (Registered number: 02861126)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary Shares £1 100 100
1 Ordinary B Shares £1 1 1
101 101

9. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2023 1,308,043 32,466 1,340,509
Profit for the year 131,110 131,110
Dividends (37,200 ) (37,200 )
At 30 April 2024 1,401,953 32,466 1,434,419

The fair value reserve is a non distributable reserve.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors at the year end is an amount of £87 owing to the joint Directors loan account.

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £37,200 (2023 - £33,000) were paid to the directors .

As at 30th April 2024 the company is owed £30,000 in respect of an interest free loan to Bespoke Office Furniture Ltd. The company is an associated company.

12. ULTIMATE CONTROLLING PARTY

The controlling party is J Pennington.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
D O F A S Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D O F A S Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of D O F A S Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D O F A S Limited and state those matters that we have agreed to state to the Board of Directors of D O F A S Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D O F A S Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D O F A S Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D O F A S Limited. You consider that D O F A S Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of D O F A S Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


Date: .............................................