1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 7294895 2023-04-01 2024-03-31 7294895 2024-03-31 7294895 2023-03-31 7294895 2022-04-01 2023-03-31 7294895 2023-03-31 7294895 2022-03-31 7294895 core:FurnitureFittings 2023-04-01 2024-03-31 7294895 core:MotorVehicles 2023-04-01 2024-03-31 7294895 bus:RegisteredOffice 2023-04-01 2024-03-31 7294895 bus:LeadAgentIfApplicable 2023-04-01 2024-03-31 7294895 bus:Director1 2023-04-01 2024-03-31 7294895 core:FurnitureFittings 2023-03-31 7294895 core:MotorVehicles 2023-03-31 7294895 core:FurnitureFittings 2024-03-31 7294895 core:MotorVehicles 2024-03-31 7294895 core:WithinOneYear 2024-03-31 7294895 core:WithinOneYear 2023-03-31 7294895 core:AfterOneYear 2024-03-31 7294895 core:AfterOneYear 2023-03-31 7294895 core:ShareCapital 2024-03-31 7294895 core:ShareCapital 2023-03-31 7294895 core:RetainedEarningsAccumulatedLosses 2024-03-31 7294895 core:RetainedEarningsAccumulatedLosses 2023-03-31 7294895 core:FurnitureFittings 2023-03-31 7294895 core:MotorVehicles 2023-03-31 7294895 bus:SmallEntities 2023-04-01 2024-03-31 7294895 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 7294895 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 7294895 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 7294895 bus:FullAccounts 2023-04-01 2024-03-31 7294895 1 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 7294895
D8 FST Limited
Filleted Unaudited Financial Statements
31 March 2024
D8 FST Limited
Officers and Professional Advisers
Director
Mr A Bowden
Registered office
Riverside Offices
26 St Georges Quay
Lancaster
LA1 1RD
Accountants
Riverside Accountancy Lancaster Limited
Chartered accountants
Second Floor, Riverside Offices
26 St George's Quay
Lancaster
LA1 1RD
Bankers
National Westminster Bank Plc
PO Box 12263
1 Princes Street
London
EC2R 8PH
D8 FST Limited
Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of D8 FST Limited
Year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of D8 FST Limited for the year ended 31 March 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.
Riverside Accountancy Lancaster Limited Chartered accountants
Second Floor, Riverside Offices 26 St George's Quay Lancaster LA1 1RD
28 August 2024
D8 FST Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
40,961
48,301
Current assets
Stocks
120,000
135,000
Debtors
7
90,623
93,219
Cash at bank and in hand
3,446
10,457
---------
---------
214,069
238,676
Creditors: amounts falling due within one year
8
288,361
276,743
---------
---------
Net current liabilities
74,292
38,067
--------
--------
Total assets less current liabilities
( 33,331)
10,234
Creditors: amounts falling due after more than one year
9
38,313
46,858
--------
--------
Net liabilities
( 71,644)
( 36,624)
--------
--------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 71,646)
( 36,626)
--------
--------
Shareholders deficit
( 71,644)
( 36,624)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
D8 FST Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 28 August 2024 , and are signed on behalf of the board by:
Mr A Bowden
Director
Company registration number: 7294895
D8 FST Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Riverside Offices, 26 St Georges Quay, Lancaster, LA1 1RD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% straight line
Motor vehicles
-
20% reducing balance
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised .
4. Staff costs
The average number of persons employed by the company during the year, including the director, amounted to:
2024
2023
No.
No.
Management staff
1
1
----
----
The aggregate payroll costs incurred during the year, relating to the above, were:
2024
2023
£
£
Wages and salaries
11,483
10,847
Social security costs
254
254
--------
--------
11,737
11,101
--------
--------
5. Share capital
There are 2 ordinary share held by the company in 2023 and 2024.
6. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 April 2023
27,042
59,030
5,870
91,942
Additions
2,432
2,432
--------
--------
-------
--------
At 31 March 2024
27,042
59,030
8,302
94,374
--------
--------
-------
--------
Depreciation
At 1 April 2023
22,030
15,741
5,870
43,641
Charge for the year
511
8,658
603
9,772
--------
--------
-------
--------
At 31 March 2024
22,541
24,399
6,473
53,413
--------
--------
-------
--------
Carrying amount
At 31 March 2024
4,501
34,631
1,829
40,961
--------
--------
-------
--------
At 31 March 2023
5,012
43,289
48,301
--------
--------
-------
--------
7. Debtors
2024
2023
£
£
Trade debtors
85,667
88,392
Other debtors
4,956
4,827
--------
--------
90,623
93,219
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,565
2,565
Trade creditors
576
Social security and other taxes
802
Other creditors
285,796
272,800
---------
---------
288,361
276,743
---------
---------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
2,813
5,200
Other creditors
35,500
41,658
--------
--------
38,313
46,858
--------
--------
10. Related party transactions
Included in creditors are amounts owed to connected parties totalling £238,849. During the year, the company traded with a connected party during the year, the amount involved were less than £5,000.
11. Controlling party
The company is controlled by its director .