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Company Registration No. 10006037 (England and Wales)
Direct Screeding LTD Unaudited accounts for the year ended 29 February 2024
Direct Screeding LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
28,268 
29,091 
Current assets
Debtors
178,922 
172,574 
Cash at bank and in hand
585,974 
455,597 
764,896 
628,171 
Creditors: amounts falling due within one year
(251,309)
(125,016)
Net current assets
513,587 
503,155 
Net assets
541,855 
532,246 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
540,855 
531,246 
Shareholders' funds
541,855 
532,246 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 September 2024 and were signed on its behalf by
Vaidas Miliauskas Director Company Registration No. 10006037
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Direct Screeding LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Direct Screeding LTD is a private company, limited by shares, registered in England and Wales, registration number 10006037. The registered office is 16 Cardinal Road, Chafford Hundred, Grays, RM16 6DW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Computer equipment
33.33%
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
68,785 
Additions
15,500 
Disposals
(3,502)
At 29 February 2024
80,783 
Depreciation
At 1 March 2023
39,694 
Charge for the year
15,103 
On disposals
(2,282)
At 29 February 2024
52,515 
Net book value
At 29 February 2024
28,268 
At 28 February 2023
29,091 
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Direct Screeding LTD Notes to the Accounts for the year ended 29 February 2024
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £500 each
1,000 
1,000 
6
Average number of employees
During the year the average number of employees was 6 (2023: 5).
- 4 -