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Company registration number:01561508
DAY IN IMPORT & EXPORT CO LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023
DAY IN IMPORT & EXPORT CO LTD
BALANCE SHEET
AS AT 31 December 2023
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets3421,320408,569
421,320408,569
CURRENT ASSETS
Stocks826,970929,167
Debtors4147,246156,889
Cash at bank and in hand324,762228,910
1,298,9781,314,966
CREDITORS
Amounts falling due within one year 5 (673,831) (708,994)
NET CURRENT ASSETS 625,147 605,972
TOTAL ASSETS LESS
CURRENT LIABILITIES 1,046,467 1,014,541
Creditors falling due after one year6(239,399)(123,495)
PROVISIONS FOR LIABILITIES((14,092))((11,576))
NET ASSETS 821,160 902,622
CAPITAL AND RESERVES
Called-up equity share capital 7 4,800 6,000
Share Premium Account17,00017,000
Other Reserves4,2003,000
Profit and loss account 795,160 876,622
SHAREHOLDERS FUNDS 821,160 902,622
For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. Approved by the board of directors on 18 September 2024 and signed on its behalf.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies' regime.
..........................................................................
Mr Raymond Bin Ghee Yau
18 September 2024
The annexed notes form part of these financial statements.

DAY IN IMPORT & EXPORT CO LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023
Share Share P and L Revaluation Other Total
Capital Premium Account reserve reserves equity
£ £ £ £ £ £
Balance at 1 January 20226,00017,000854,22903,000880,229
Changes in equity
Total Comprehensive Income0022,3930022,393
Balance at 31 December 20226,00017,000876,62203,000902,622
Changes in equity
Share issue(1,200)00001,200
Total comprehensive income00(81,462)00(81,462)
Purchase of own shares(0)0(135,000)00(135,000)
Balance at 31 December 20234,80017,000795,16004,200821,160

DAY IN IMPORT & EXPORT CO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1. Accounting policies
Statutory information
The company is registered in England and its registered number is 01561508. The company is a private company limited by shares. Its registered office is 1 Wrottesley Street, Birmingham, B5 4RS .
Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Turnover
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the
Foreign Currency
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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Fixed Assets
Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Land and Building 4% straight line basis Plant and Machinery 15% straight line basis Motor vehicles 25% reducing balance basis Fixtures and fittings 15% straight line basis
Stocks and Work In Progress
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.
Leasing
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period. Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis over the life of the lease.
Deferred Taxation
Deferred tax is provided on the liabiltity method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for all material timing differences.
Pension Scheme
The company operates a small self administered pension schemes. The funds of the schemes are administered by Trustees and are separate from the company. Independent actuaries complete valuations at least every three years and , in accordance with their recommendations monthly contributions are paid to the schemes and these pension contributions are charged to profit and loss account. The company also operate a defined contribution pension scheme, NEST pension scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year.
2.Employees
The average number of persons employed by the company (including directors) during the year was 36.
3.Tangible fixed assets
Land/Buildings Plant Motor F and F Total
Cost
At start of period 723,782 11,814 202,480 426,267 1,364,343
Additions 0 0 141,043 5,743 146,786
Disposals (0) (0) (76,959) (0) (76,959)
At end of period 723,782 11,814 266,564 432,010 1,434,170
Depreciation
At start of period 458,750 11,814 92,751 392,459 955,774
Provided during the period 28,951 0 51,872 9,923 90,746
On disposals (0) (0) (33,670) (0) (33,670)
At end of period 487,701 11,814 110,953 402,382 1,012,850
Net Book Value
At start of period 265,032 0 109,729 33,808 408,569
At end of period 236,081 0 155,611 29,628 421,320
4.Debtors
20232022
££
Due within one year
Trade Debtors54,81163,578
Other Debtors5,6913,655
Prepayments and accrued income86,74489,656
147,246156,889
5.Creditors due within one year
20232022
££
Obligations under finance leases21,83216,033
Trade creditors499,671564,825
Bank Loans and Overdrafts33,79910,000
Corporation Tax28,59714,852
Other taxes and social security costs46,90935,914
Other creditors16,00044,000
Accruals and deferred income27,02323,370
673,831 708,994
6.Creditors due after one year
20232022
££
Bank Loans101,73825,833
Obligations under finance leases137,66197,662
239,399 123,495
7. Share capital Alloted, Issued and fully paid
2023 2022
£ £
Ordinary shares of £1 each4,8006,000
Total issued share capital4,8006,000
8.Pension schemes
The company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund.
9.Related Party Transactions
The company operates a Small Self-Administered Pension Scheme and the total rentals paid in the year was £23,000 in respect of the property at Cato Street.