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COMPANY REGISTRATION NUMBER: 11769329
DAVIDSONS HYGIENE SOLUTIONS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 January 2024
DAVIDSONS HYGIENE SOLUTIONS LIMITED
STATEMENT OF FINANCIAL POSITION
31 January 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
8,261
18,200
CURRENT ASSETS
Debtors
6
28,838
23,388
Cash at bank and in hand
50,049
7,037
--------
--------
78,887
30,425
CREDITORS: amounts falling due within one year
7
( 68,556)
( 22,500)
--------
--------
NET CURRENT ASSETS
10,331
7,925
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
18,592
26,125
CREDITORS: amounts falling due after more than one year
8
( 5,612)
PROVISIONS
( 2,108)
( 2,776)
--------
--------
NET ASSETS
16,484
17,737
--------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
16,384
17,637
--------
--------
SHAREHOLDERS FUNDS
16,484
17,737
--------
--------
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 January 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 .
DAVIDSONS HYGIENE SOLUTIONS LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2024
These financial statements were approved by the board of directors and authorised for issue on 22 August 2024 , and are signed on behalf of the board by:
J Davidson
Director
Company registration number: 11769329
DAVIDSONS HYGIENE SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JANUARY 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 Apartment 36 Suite, 1 Dock Street, Leeds, LS10 1NA.
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.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
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:
Plant and machinery
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Computer Equipment
-
33% straight line
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
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 5 (2023: 6 ).
5. TANGIBLE ASSETS
Plant and machinery
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
£
Cost
At 1 February 2023
18,688
417
22,056
4,050
45,211
Disposals
( 5,988)
( 5,988)
--------
----
--------
-------
--------
At 31 January 2024
18,688
417
16,068
4,050
39,223
--------
----
--------
-------
--------
Depreciation
At 1 February 2023
11,717
290
10,954
4,050
27,011
Charge for the year
1,743
31
2,177
3,951
--------
----
--------
-------
--------
At 31 January 2024
13,460
321
13,131
4,050
30,962
--------
----
--------
-------
--------
Carrying amount
At 31 January 2024
5,228
96
2,937
8,261
--------
----
--------
-------
--------
At 31 January 2023
6,971
127
11,102
18,200
--------
----
--------
-------
--------
6. DEBTORS
2024
2023
£
£
Trade debtors
24,838
23,388
Other debtors
4,000
--------
--------
28,838
23,388
--------
--------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
744
766
Corporation tax
24,384
2,278
Social security and other taxes
17,406
14,514
Other creditors
134
Other creditors
26,022
4,808
--------
--------
68,556
22,500
--------
--------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Other creditors
5,612
----
-------