Company registration number 05666925 (England and Wales)
DS Building Systems Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 January 2024
PAGES FOR FILING WITH REGISTRAR
DS Building Systems Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
DS Building Systems Ltd
Statement of financial position
as at 31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
24,246
32,328
Current assets
Debtors
25,361
28,864
Cash at bank and in hand
34,503
25,538
59,864
54,402
Creditors: amounts falling due within one year
(9,760)
(2,497)
Net current assets
50,104
51,905
Total assets less current liabilities
74,350
84,233
Provisions for liabilities
4
(4,606)
(8,082)
Net assets
69,744
76,151
Capital and reserves
Called up share capital
5
10
10
Profit and loss reserves
69,734
76,141
Total equity
69,744
76,151
DS Building Systems Ltd
Statement of financial position (continued)
as at 31 January 2024
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 17 July 2024
D Shedden
Director
Company Registration No. 05666925
DS Building Systems Ltd
Notes to the financial statements
for the year ended 31 January 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
The financial statements are prepared in sterling, which is the functional currency of the company.
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year. Turnover is recognised upon completion of the contracted services.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Motor vehicles
25% reducing balance
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax is recognised on all timing differences between the carrying amount of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and related to the extent that is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates that have been enacted or substantively enacted by the end of the reporting period.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
DS Building Systems Ltd
Notes to the financial statements (continued)
for the year ended 31 January 2024
- 4 -
3
Tangible fixed assets
Motor vehicles
£
Cost
At 1 February 2023 and 31 January 2024
50,525
Depreciation and impairment
At 1 February 2023
18,197
Depreciation charged in the year
8,082
At 31 January 2024
26,279
Carrying amount
At 31 January 2024
24,246
At 31 January 2023
32,328
4
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
4,606
8,082
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10
10
10
10
6
Company information
DS Building Systems Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.