Dyke Road Ltd
Registered number: 05375985
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,354 2,943
Current assets
Debtors 4 6,132 10,997
Cash at bank and in hand 18 57
6,150 11,054
Creditors: amounts falling due within one year 5 (8,053) (13,557)
Net current liabilities (1,903) (2,503)
Net assets 451 440
Capital and reserves
Called up share capital 100 100
Profit and loss account 351 340
Shareholder's funds 451 440
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 D J Boyall
Director
Approved by the board on 19 June 2024
Dyke Road Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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:
Leasehold land and buildings 10% straight line
Plant and machinery 20% reducing balance
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 2,003 4,303 6,306
At 31 March 2024 2,003 4,303 6,306
Depreciation
At 1 April 2023 2,003 1,360 3,363
Charge for the year - 589 589
At 31 March 2024 2,003 1,949 3,952
Net book value
At 31 March 2024 - 2,354 2,354
At 31 March 2023 - 2,943 2,943
4 Debtors 2024 2023
£ £
Trade debtors 3,000 7,997
Other debtors 3,132 3,000
6,132 10,997
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,567 4,497
Taxation and social security costs 691 934
Other creditors 5,795 8,126
8,053 13,557
6 Other information
Dyke Road Ltd is a private company limited by shares and incorporated in England. Its registered office is:
109a Dyke Road
Brighton
East Sussex
BN1 3JE
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