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REGISTERED NUMBER: 04942107 (England and Wales)






DJ Assembly Limited

Financial Statements

for the Year Ended 29 April 2024






DJ Assembly Limited (Registered number: 04942107)

Contents of the Financial Statements
for the year ended 29 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DJ Assembly Limited

Company Information
for the year ended 29 April 2024







DIRECTORS: A M Hunt
D L Yodaiken
S E Walter
C L Noyland
A R N Perkin





SECRETARY: A M Hunt





REGISTERED OFFICE: Link Business Park
Osbaldwick
York
North Yorkshire
YO10 3JB





REGISTERED NUMBER: 04942107 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

DJ Assembly Limited (Registered number: 04942107)

Balance Sheet
29 April 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 11,638 17,640
Tangible assets 5 554,005 396,893
565,643 414,533

CURRENT ASSETS
Stocks 1,160,682 1,018,647
Debtors 6 1,144,534 1,023,460
Cash at bank and in hand 40,548 34,996
2,345,764 2,077,103
CREDITORS
Amounts falling due within one year 7 1,496,546 1,251,767
NET CURRENT ASSETS 849,218 825,336
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,414,861

1,239,869

CREDITORS
Amounts falling due after more than one
year

8

(256,156

)

(245,982

)

PROVISIONS FOR LIABILITIES (130,889 ) (92,721 )
NET ASSETS 1,027,816 901,166

DJ Assembly Limited (Registered number: 04942107)

Balance Sheet - continued
29 April 2024

2024 2023
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 10,000 100
Share premium 23 23
Retained earnings 1,017,793 901,043
1,027,816 901,166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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 29 July 2024 and were signed on its behalf by:




A M Hunt - Director



A R N Perkin - Director


DJ Assembly Limited (Registered number: 04942107)

Notes to the Financial Statements
for the year ended 29 April 2024


1. STATUTORY INFORMATION

DJ Assembly 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.

The company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Fixed assets are initially recorded at cost less grants received.

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.


DJ Assembly Limited (Registered number: 04942107)

Notes to the Financial Statements - continued
for the year ended 29 April 2024


2. ACCOUNTING POLICIES - continued
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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2023 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£ £ £
COST
At 30 April 2023
and 29 April 2024 15,000 24,009 39,009
AMORTISATION
At 30 April 2023 15,000 6,369 21,369
Charge for year - 6,002 6,002
At 29 April 2024 15,000 12,371 27,371
NET BOOK VALUE
At 29 April 2024 - 11,638 11,638
At 29 April 2023 - 17,640 17,640

DJ Assembly Limited (Registered number: 04942107)

Notes to the Financial Statements - continued
for the year ended 29 April 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 30 April 2023 329,916 38,335 165,904 23,241 557,396
Additions 168,592 7,896 58,642 10,619 245,749
Disposals (13,000 ) - - - (13,000 )
At 29 April 2024 485,508 46,231 224,546 33,860 790,145
DEPRECIATION
At 30 April 2023 91,799 31,875 22,050 14,779 160,503
Charge for year 32,859 3,589 40,999 4,690 82,137
Eliminated on disposal (6,500 ) - - - (6,500 )
At 29 April 2024 118,158 35,464 63,049 19,469 236,140
NET BOOK VALUE
At 29 April 2024 367,350 10,767 161,497 14,391 554,005
At 29 April 2023 238,117 6,460 143,854 8,462 396,893

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 30 April 2023 59,015 165,904 - 224,919
Additions 75,660 58,642 3,959 138,261
At 29 April 2024 134,675 224,546 3,959 363,180
DEPRECIATION
At 30 April 2023 2,773 22,050 - 24,823
Charge for year 6,963 40,999 325 48,287
At 29 April 2024 9,736 63,049 325 73,110
NET BOOK VALUE
At 29 April 2024 124,939 161,497 3,634 290,070
At 29 April 2023 56,242 143,854 - 200,096

DJ Assembly Limited (Registered number: 04942107)

Notes to the Financial Statements - continued
for the year ended 29 April 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 1,106,862 867,447
Other debtors - 133,509
Prepayments and accrued income 37,672 22,504
1,144,534 1,023,460

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 9) 72,279 38,857
Trade creditors 789,173 658,670
Tax 60,982 128,765
Social security and other taxes 37,591 19,882
VAT 135,097 117,919
Other creditors 3,730 124,128
Invoice finance 344,851 -
Directors' current accounts 7,802 128,244
Accruals and deferred income 35,041 25,302
1,496,546 1,251,767

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 15,833 25,833
Hire purchase contracts (see note 9) 240,323 138,760
Other creditors - 81,389
256,156 245,982

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 72,279 38,857
Between one and five years 240,323 138,760
312,602 177,617

DJ Assembly Limited (Registered number: 04942107)

Notes to the Financial Statements - continued
for the year ended 29 April 2024


9. LEASING AGREEMENTS - continued

Non-cancellable
operating leases
2024 2023
£ £
Within one year 55,061 -
Between one and five years 40,771 -
95,832 -