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REGISTERED NUMBER: 09674782 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DORSET PROPERTY SURVEYS LIMITED

DORSET PROPERTY SURVEYS LIMITED (REGISTERED NUMBER: 09674782)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance sheet 1

Notes to the financial statements 2


DORSET PROPERTY SURVEYS LIMITED (REGISTERED NUMBER: 09674782)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 - 40,070

Current assets
Debtors 5 28,988 167,315
Cash at bank 131,204 70,190
160,192 237,505
Creditors
Amounts falling due within one year 6 30,208 69,721
Net current assets 129,984 167,784
Total assets less current liabilities 129,984 207,854

Creditors
Amounts falling due after more than one year 7 - (19,225 )

Provisions for liabilities 9 - (9,617 )
Net assets 129,984 179,012

Capital and reserves
Called up share capital 10 100 100
Retained earnings 129,884 178,912
Shareholders' funds 129,984 179,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Statement of comprehensive income has not been delivered.

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




Mrs S J Munnings - Director


DORSET PROPERTY SURVEYS LIMITED (REGISTERED NUMBER: 09674782)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. Statutory information

Dorset Property Surveys Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09674782. The registered office and business address are Rumbles, West Street, Bere Regis, Dorset, BH20 7HT.

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 represents income received for the provision of property survey services, net of value added tax.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

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 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.

DORSET PROPERTY SURVEYS LIMITED (REGISTERED NUMBER: 09674782)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. Accounting policies - continued

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2023 23,023 32,500 13,863 69,386
Additions 1,019 - - 1,019
Disposals (24,042 ) (32,500 ) (13,863 ) (70,405 )
At 31 March 2024 - - - -
Depreciation
At 1 April 2023 7,432 14,219 7,665 29,316
Eliminated on disposal (7,432 ) (14,219 ) (7,665 ) (29,316 )
At 31 March 2024 - - - -
Net book value
At 31 March 2024 - - - -
At 31 March 2023 15,591 18,281 6,198 40,070

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
Cost
At 1 April 2023 32,500
Disposals (32,500 )
At 31 March 2024 -
Depreciation
At 1 April 2023 14,219
Eliminated on disposal (14,219 )
At 31 March 2024 -
Net book value
At 31 March 2024 -
At 31 March 2023 18,281

DORSET PROPERTY SURVEYS LIMITED (REGISTERED NUMBER: 09674782)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. Tangible fixed assets - continued

All asset finance liabilities are secured against the assets to which they relate.

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors - 118,920
Other debtors 14,500 48,395
Directors' current accounts 14,488 -
28,988 167,315

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts - 4,544
Trade creditors 528 602
Tax 16,782 32,214
VAT 773 29,282
Other creditors 45 136
Directors' current accounts - 578
Accruals and deferred income 12,080 2,365
30,208 69,721

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts - 19,225

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 23,769

All hire purchase liabilities are secured upon the assets to which they relate.

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax - 9,617

Deferred
tax
£   
Balance at 1 April 2023 9,617
Credit to Income statement during year (9,617 )
Balance at 31 March 2024 -

DORSET PROPERTY SURVEYS LIMITED (REGISTERED NUMBER: 09674782)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mrs S J Munnings and Mr S J Munnings
Balance outstanding at start of year - -
Amounts advanced 14,488 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 14,488 -

As at the balance sheet date the directors, Mr & Mrs Munnings owed the company £14,488.

This was the maximum amount outstanding at any time during the year and was fully repaid within nine months of the year end.

12. Ultimate controlling party

The company is controlled by the director Mr and Mrs Munnings, each holding 50% of the issued voting share capital.