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REGISTERED NUMBER: 04504203 (England and Wales)















D J DECORATORS LTD.

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2023






D J DECORATORS LTD. (REGISTERED NUMBER: 04504203)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D J DECORATORS LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2023







DIRECTORS: N M Stone
A J Stone





SECRETARY: N M Stone





REGISTERED OFFICE: Unit 2 Forgeside
Cwmbran
Gwent
NP44 3LN





REGISTERED NUMBER: 04504203 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

D J DECORATORS LTD. (REGISTERED NUMBER: 04504203)

BALANCE SHEET
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,483 11,310

CURRENT ASSETS
Stocks 53,077 205,317
Debtors 5 428,156 255,189
Cash in hand 56 56
481,289 460,562
CREDITORS
Amounts falling due within one year 6 376,770 329,701
NET CURRENT ASSETS 104,519 130,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,002

142,171

CREDITORS
Amounts falling due after more than one
year

7

-

(1,276

)

PROVISIONS FOR LIABILITIES (1,612 ) (2,149 )
NET ASSETS 111,390 138,746

D J DECORATORS LTD. (REGISTERED NUMBER: 04504203)

BALANCE SHEET - continued
30TH SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 1
Retained earnings 111,290 138,745
SHAREHOLDERS' FUNDS 111,390 138,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2023 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23rd August 2024 and were signed on its behalf by:





N M Stone - Director


D J DECORATORS LTD. (REGISTERED NUMBER: 04504203)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

1. STATUTORY INFORMATION

D J Decorators Ltd. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


D J DECORATORS LTD. (REGISTERED NUMBER: 04504203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st October 2022
and 30th September 2023 3,000 69,242 72,242
DEPRECIATION
At 1st October 2022 3,000 57,932 60,932
Charge for year - 2,827 2,827
At 30th September 2023 3,000 60,759 63,759
NET BOOK VALUE
At 30th September 2023 - 8,483 8,483
At 30th September 2022 - 11,310 11,310

D J DECORATORS LTD. (REGISTERED NUMBER: 04504203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st October 2022
and 30th September 2023 24,900
DEPRECIATION
At 1st October 2022 16,802
Charge for year 2,024
At 30th September 2023 18,826
NET BOOK VALUE
At 30th September 2023 6,074
At 30th September 2022 8,098

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,546 12,295
Directors' current accounts 302,630 183,216
Tax 99,980 59,678
428,156 255,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,691 37,889
Hire purchase contracts 1,276 5,095
Trade creditors 44,883 41,161
Corporation Tax 128,106 80,810
PAYE 101,417 106,335
VAT 48,138 23,935
Other creditors 4,976 3,741
Accruals and deferred income 17,283 30,735
376,770 329,701

D J DECORATORS LTD. (REGISTERED NUMBER: 04504203)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 1,276

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
NIL Ordinary £1 - 1
80 Ordinary A £1 80 -
20 Ordinary B £1 20 -
100 1

The following shares were issued during the year for cash at par :

79 Ordinary A shares of £1
20 Ordinary B shares of £1

9. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:
- N M Stone owed the company £302,630 (2022 - £183,216).