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Company Registration No. 09917322 (England and Wales)
David Salisbury Ltd Unaudited accounts for the year ended 29 February 2024
David Salisbury Ltd Unaudited accounts Contents
Page
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David Salisbury Ltd Company Information for the year ended 29 February 2024
Director
Mr D Salisbury
Company Number
09917322 (England and Wales)
Accountants
Smeaton & Holmes Ltd 70 Market Street Dalton-in-Furness Cumbria LA15 8AA
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David Salisbury Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
802 
1,303 
Current assets
Inventories
130,263 
138,459 
Cash at bank and in hand
431 
3,382 
130,694 
141,841 
Creditors: amounts falling due within one year
(50,108)
(73,529)
Net current assets
80,586 
68,312 
Total assets less current liabilities
81,388 
69,615 
Creditors: amounts falling due after more than one year
(23,280)
(33,212)
Net assets
58,108 
36,403 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
58,008 
36,303 
Shareholders' funds
58,108 
36,403 
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.
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 3 October 2024 and were signed on its behalf by
Mr D Salisbury Director Company Registration No. 09917322
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David Salisbury Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
David Salisbury Ltd is a private company, limited by shares, registered in England and Wales, registration number 09917322.
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:
Motor vehicles
6 years
Computer equipment
3 years
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
1,695 
11,700 
151 
13,546 
Disposals
(179)
- 
- 
(179)
At 29 February 2024
1,516 
11,700 
151 
13,367 
Depreciation
At 1 March 2023
468 
11,700 
75 
12,243 
Charge for the year
312 
- 
30 
342 
On disposals
(20)
- 
- 
(20)
At 29 February 2024
760 
11,700 
105 
12,565 
Net book value
At 29 February 2024
756 
- 
46 
802 
At 28 February 2023
1,227 
- 
76 
1,303 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
13,528 
3,495 
Loans from directors
36,580 
70,034 
50,108 
73,529 
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David Salisbury Ltd Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
23,280 
33,212 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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