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Company Registration No. 12908279 (England and Wales)
DAYBUILD & DESIGN LTD Unaudited accounts for the year ended 31 March 2024
DAYBUILD & DESIGN LTD Unaudited accounts Contents
Page
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DAYBUILD & DESIGN LTD Company Information for the year ended 31 March 2024
Director
D Day
Company Number
12908279 (England and Wales)
Registered Office
41 OLDFIELDS ROAD SUTTON SURREY SM1 2NB ENGLAND
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DAYBUILD & DESIGN LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,627 
33,565 
Current assets
Debtors
631 
4,293 
Cash at bank and in hand
19,631 
10,740 
20,262 
15,033 
Creditors: amounts falling due within one year
(28,347)
(25,640)
Net current liabilities
(8,085)
(10,607)
Total assets less current liabilities
25,542 
22,958 
Provisions for liabilities
Deferred tax
(6,389)
(6,377)
Net assets
19,153 
16,581 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
18,853 
16,281 
Shareholders' funds
19,153 
16,581 
For the year ending 31 March 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.
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 10 May 2024 and were signed on its behalf by
D Day Director Company Registration No. 12908279
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DAYBUILD & DESIGN LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
DAYBUILD & DESIGN LTD is a private company, limited by shares, registered in England and Wales, registration number 12908279. The registered office is 41 OLDFIELDS ROAD, SUTTON, SURREY, SM1 2NB, ENGLAND.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted.
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% on a reducing balance method
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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DAYBUILD & DESIGN LTD Notes to the Accounts for the year ended 31 March 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
44,753 
Additions
15,000 
At 31 March 2024
59,753 
Depreciation
At 1 April 2023
11,188 
Charge for the year
14,938 
At 31 March 2024
26,126 
Net book value
At 31 March 2024
33,627 
At 31 March 2023
33,565 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,977 
Other debtors
631 
316 
631 
4,293 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,297 
- 
Obligations under finance leases and hire purchase contracts
23,249 
24,546 
Taxes and social security
1,001 
294 
Accruals
800 
800 
28,347 
25,640 
7
Transactions with related parties
Mr D Day is the director of the company and owns 100% of the issued share capital. Dividends paid during the year to Mr D Day were £773 (2023-£48,769)
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DAYBUILD & DESIGN LTD Notes to the Accounts for the year ended 31 March 2024
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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