Registered number
03905418
Dustraction Limited
Unaudited Filleted Accounts
31 May 2024
Dustraction Limited
Registered number: 03905418
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 411,803 384,049
Current assets
Stocks 12,500 20,000
Debtors 4 269,385 491,614
Cash at bank and in hand 611,858 353,093
893,743 864,707
Creditors: amounts falling due within one year 5 (440,846) (352,683)
Net current assets 452,897 512,024
Total assets less current liabilities 864,700 896,073
Provisions for liabilities (20,658) (13,245)
Net assets 844,042 882,828
Capital and reserves
Called up share capital 45,000 45,000
Profit and loss account 799,042 837,828
Shareholders' funds 844,042 882,828
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 S Matuska
Director
Approved by the board on 29 August 2024
Dustraction Limited
Notes to the Accounts
for the year ended 31 May 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 (as applied to small entities by section 1A of the standard).
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:
Freehold buildings 2% straight line
Motor vehicles 25% straight line
Plant and machinery 12.5% straight line
IT equipment 25% straight line
Fixtures, fittings, tools and equipment 15% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 17 17
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 June 2023 350,000 77,858 72,710 500,568
Additions - 17,681 25,995 43,676
At 31 May 2024 350,000 95,539 98,705 544,244
Depreciation
At 1 June 2023 23,394 20,415 72,710 116,519
Charge for the year 1,114 12,644 2,164 15,922
At 31 May 2024 24,508 33,059 74,874 132,441
Net book value
At 31 May 2024 325,492 62,480 23,831 411,803
At 31 May 2023 326,606 57,443 - 384,049
4 Debtors 2024 2023
£ £
Trade debtors 242,506 464,051
Other debtors 26,879 27,563
269,385 491,614
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 101,498 102,182
Taxation and social security costs 94,466 139,450
Other creditors 244,882 111,051
440,846 352,683
6 Other information
Dustraction Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Pomeroy Drive
Oadby
Leicester
LE2 5NE
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