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REGISTERED NUMBER: 08548257 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Djuke Limited

Djuke Limited (Registered number: 08548257)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Djuke Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: P A McMillan
C McMillan





REGISTERED OFFICE: 7 Gloucester Road
Bagshot
Surrey
GU19 5LR





REGISTERED NUMBER: 08548257 (England and Wales)





ACCOUNTANTS: Roberts York Limited
York House
4A Highfield Gardens
Liss
Hampshire
GU33 7NQ

Djuke Limited (Registered number: 08548257)

Abridged Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 502,171 466,914

CURRENT ASSETS
Stocks 130,039 -
Debtors 128,949 321,868
Cash at bank 124,531 201,968
383,519 523,836
CREDITORS
Amounts falling due within one year 518,118 612,411
NET CURRENT LIABILITIES (134,599 ) (88,575 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

367,572

378,339

CREDITORS
Amounts falling due after more than one
year

(162,632

)

(228,172

)

PROVISIONS FOR LIABILITIES (95,412 ) (88,714 )
NET ASSETS 109,528 61,453

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 109,428 61,353
109,528 61,453

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Djuke Limited (Registered number: 08548257)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





C McMillan - Director


Djuke Limited (Registered number: 08548257)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Djuke Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 10% on cost
Motor vehicles - 10% on cost
Computer equipment - 33% on cost

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

Financial instruments
The company only enters into basic financial instrument transactions in accordance with Section 11. Financial assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for objective evidence of impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

Djuke Limited (Registered number: 08548257)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 678,132
Additions 166,667
Disposals (145,569 )
At 31 May 2024 699,230
DEPRECIATION
At 1 June 2023 211,218
Charge for year 72,064
Eliminated on disposal (86,223 )
At 31 May 2024 197,059
NET BOOK VALUE
At 31 May 2024 502,171
At 31 May 2023 466,914

Djuke Limited (Registered number: 08548257)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2023 454,530
Additions 138,915
Disposals (27,210 )
Transfer to ownership (179,482 )
At 31 May 2024 386,753
DEPRECIATION
At 1 June 2023 82,876
Charge for year 47,842
Eliminated on disposal (8,163 )
Transfer to ownership (60,458 )
At 31 May 2024 62,097
NET BOOK VALUE
At 31 May 2024 324,656
At 31 May 2023 371,654

5. COMMITMENTS, GUARANTEES AND CONTINGENCIES

At the year end the company has commitments, guarantees and contingencies totalling £342,390 (2023: £132,319).

6. GOING CONCERN

The financial statements have been prepared on a going concern basis, despite the net liabilty position as shown on the balance sheet. The basis is supported by the continued financial support from the directors which is not planned to be withdrawn in the foreseeable future.