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REGISTERED NUMBER: 00828907 (England and Wales)






















Dispit Limited

Unaudited Financial Statements for the Year Ended 31st December 2023






Dispit Limited (Registered number: 00828907)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dispit Limited

Company Information
for the year ended 31st December 2023







DIRECTOR: J A C Landau





REGISTERED OFFICE: Regents' Court
Princess Street
Hull
East Yorkshire
HU2 8BA





REGISTERED NUMBER: 00828907 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Dispit Limited (Registered number: 00828907)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 210,282 271,828

CURRENT ASSETS
Debtors 5 25,786 60,860
Cash at bank 148,376 37,000
174,162 97,860
CREDITORS
Amounts falling due within one year 6 238,497 276,837
NET CURRENT LIABILITIES (64,335 ) (178,977 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

145,947

92,851

PROVISIONS FOR LIABILITIES 632 3,509
NET ASSETS 145,315 89,342

CAPITAL AND RESERVES
Called up share capital 7 52 52
Share premium 8 16,705 16,705
Revaluation reserve 8 482,900 482,900
Capital redemption reserve 8 48 48
Retained earnings 8 (354,390 ) (410,363 )
SHAREHOLDERS' FUNDS 145,315 89,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Dispit Limited (Registered number: 00828907)

Balance Sheet - continued
31st December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th September 2024 and were signed by:





J A C Landau - Director


Dispit Limited (Registered number: 00828907)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Dispit 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

When the outcome of a transaction can be estimated reliably, turnover from the provision of waste management services is recognised when the service has been provided.

Tangible fixed assets
Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows.

Freehold landNot depreciated
Plant and machinery etc20% on cost

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Dispit Limited (Registered number: 00828907)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 570,499 419,501 990,000
DEPRECIATION
At 1st January 2023 570,498 147,674 718,172
Charge for year - 61,546 61,546
At 31st December 2023 570,498 209,220 779,718
NET BOOK VALUE
At 31st December 2023 1 210,281 210,282
At 31st December 2022 1 271,827 271,828

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,276 28,425
Other debtors 16,510 32,435
25,786 60,860

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 28,034
Trade creditors 9,555 1,440
Amounts owed to group undertakings 194,965 194,942
Taxation and social security 25,525 7,969
Other creditors 8,452 44,452
238,497 276,837

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
52 Ordinary 1 52 52

Dispit Limited (Registered number: 00828907)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

8. RESERVES
Capital
Retained Share Revaluation redemption
earnings premium reserve reserve Totals
£    £    £    £    £   

At 1st January 2023 (410,363 ) 16,705 482,900 48 89,290
Profit for the year 55,973 - - - 55,973
At 31st December 2023 (354,390 ) 16,705 482,900 48 145,263

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Willerby Holdings Limited, a company registered in the United kingdom. The registered office is Regents Court, Princess Street, Hull, HU2 8BA.

J Landau is ultimate controlling party by virtue of his controlling stake in Willerby Holdings Limited.