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REGISTERED NUMBER: 04311027 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

DSD (Milk) Limited

DSD (Milk) Limited (Registered number: 04311027)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DSD (Milk) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: H S Bhullar
G S Bhullar





REGISTERED OFFICE: Unit K2 Grimsby West
Birchin Way
Grimsby
North East Lincs
DN31 2SG





REGISTERED NUMBER: 04311027 (England and Wales)






DSD (Milk) Limited (Registered number: 04311027)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,221 14,028
Tangible assets 5 143,579 12,265
151,800 26,293

CURRENT ASSETS
Stocks 15,000 15,000
Debtors 6 419,802 436,888
Cash at bank and in hand 61,065 72,247
495,867 524,135
CREDITORS
Amounts falling due within one year 7 1,071,772 861,210
NET CURRENT LIABILITIES (575,905 ) (337,075 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(424,105

)

(310,782

)

CREDITORS
Amounts falling due after more than one
year

8

(119,261

)

(39,717

)

PROVISIONS FOR LIABILITIES (37,950 ) (5,417 )
NET LIABILITIES (581,316 ) (355,916 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (581,416 ) (356,016 )
SHAREHOLDERS' FUNDS (581,316 ) (355,916 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

DSD (Milk) Limited (Registered number: 04311027)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





H S Bhullar - Director


DSD (Milk) Limited (Registered number: 04311027)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

DSD (Milk) 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of one years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost, 20% on cost and 15% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


DSD (Milk) Limited (Registered number: 04311027)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
The company made a loss in the current year and has retained earnings in deficit. The company is supported by the group. Long term forecasts and budgets for the group have been prepared and these consider the support this company is going to require to continue trading for 12 months following the date of this report..

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors, therefore, continue to adopt the going concern basis of accounting in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 32 ) .

DSD (Milk) Limited (Registered number: 04311027)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1 23,230 23,231
AMORTISATION
At 1 April 2023 - 9,203 9,203
Charge for year - 5,807 5,807
At 31 March 2024 - 15,010 15,010
NET BOOK VALUE
At 31 March 2024 1 8,220 8,221
At 31 March 2023 1 14,027 14,028

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 15,749 - 15,749
Additions 2,638 149,126 151,764
At 31 March 2024 18,387 149,126 167,513
DEPRECIATION
At 1 April 2023 3,484 - 3,484
Charge for year 4,267 16,183 20,450
At 31 March 2024 7,751 16,183 23,934
NET BOOK VALUE
At 31 March 2024 10,636 132,943 143,579
At 31 March 2023 12,265 - 12,265

DSD (Milk) Limited (Registered number: 04311027)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 146,306
At 31 March 2024 146,306
DEPRECIATION
Charge for year 15,760
At 31 March 2024 15,760
NET BOOK VALUE
At 31 March 2024 130,546

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 327,315 322,991
Amounts owed by group undertakings 42,490 22,205
Other debtors 49,997 91,692
419,802 436,888

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,556 5,556
Hire purchase contracts 36,865 -
Trade creditors 394,139 536,186
Amounts owed to group undertakings 573,499 201,834
Taxation and social security 19,242 83,715
Other creditors 42,471 33,919
1,071,772 861,210

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 29,167 34,721
Hire purchase contracts 90,094 -
Other creditors - 4,996
119,261 39,717

DSD (Milk) Limited (Registered number: 04311027)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,945 12,499

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 34,723 40,277
Hire purchase contracts 126,959 -
161,682 40,277

Bank loans are secured against the fixed and floating charge over all company assets.

Hire purchase contracts are secured against the assets to which they relate.

10. RELATED PARTY DISCLOSURES

31.3.24 31.3.23
£ £
Balance owing to related parties 5,142 10,495
Balance owing from related parties 451 451

Related parties are companies in which the directors are also a director or have a controlling interest.

11. ULTIMATE CONTROLLING PARTY

Bhullar Group Holdings Ltd is the immediate holding company. There is no ultimate controlling party.