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Diesel Generators Limited
Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07775708
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 93 124
93 124
CURRENT ASSETS
Stocks 5 39,700 39,700
Debtors 6 38 128
Cash at bank and in hand 3,669 20,503
43,407 60,331
Creditors: Amounts Falling Due Within One Year 7 (103,635 ) (118,921 )
NET CURRENT ASSETS (LIABILITIES) (60,228 ) (58,590 )
TOTAL ASSETS LESS CURRENT LIABILITIES (60,135 ) (58,466 )
NET LIABILITIES (60,135 ) (58,466 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (60,235 ) (58,566 )
SHAREHOLDERS' FUNDS (60,135) (58,466)
Page 1
Page 2
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Sireen Takrouri
Director
24 September 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Diesel Generators Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07775708 . The registered office is 8 Bore Street, Lichfield, Staffordshire, WS13 6LL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25% Reducing Balance
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 969
As at 29 February 2024 969
Depreciation
As at 1 March 2023 845
Provided during the period 31
As at 29 February 2024 876
Net Book Value
As at 29 February 2024 93
As at 1 March 2023 124
5. Stocks
2024 2023
£ £
Stock 39,700 39,700
6. Debtors
2024 2023
£ £
Due within one year
VAT 38 128
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,369 1,581
F Takrouri Loan - 80,634
Accruals and deferred income 950 1,025
Directors' loan accounts 101,316 35,681
103,635 118,921
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4