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REGISTERED NUMBER: 03844339 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

DESA SYSTEMS LIMITED

DESA SYSTEMS LIMITED (REGISTERED NUMBER: 03844339)






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


DESA SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M R Thompson





REGISTERED OFFICE: 34 School Green
Brighouse
West Yorkshire
HD6 3EY





REGISTERED NUMBER: 03844339 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

DESA SYSTEMS LIMITED (REGISTERED NUMBER: 03844339)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 223,340 163,353

CURRENT ASSETS
Stocks 153,195 216,554
Debtors 5 387,873 157,544
Cash at bank and in hand 37,076 533
578,144 374,631
CREDITORS
Amounts falling due within one year 6 (505,620 ) (364,954 )
NET CURRENT ASSETS 72,524 9,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,864

173,030

CREDITORS
Amounts falling due after more than
one year

7

(87,290

)

(64,579

)
NET ASSETS 208,574 108,451

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 207,574 107,451
SHAREHOLDERS' FUNDS 208,574 108,451

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 director acknowledges his 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.

DESA SYSTEMS LIMITED (REGISTERED NUMBER: 03844339)

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 director and authorised for issue on 27 September 2024 and were signed by:





M R Thompson - Director


DESA SYSTEMS LIMITED (REGISTERED NUMBER: 03844339)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Desa Systems 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 (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of 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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

STOCKS
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

DESA SYSTEMS LIMITED (REGISTERED NUMBER: 03844339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 764,915 8,706 36,183 29,480 839,284
Additions 97,000 - - 3,652 100,652
Disposals - - (13,680 ) - (13,680 )
At 31 March 2024 861,915 8,706 22,503 33,132 926,256
DEPRECIATION
At 1 April 2023 622,061 7,425 23,148 23,297 675,931
Charge for year 35,978 162 1,762 1,475 39,377
Eliminated on disposal - - (12,392 ) - (12,392 )
At 31 March 2024 658,039 7,587 12,518 24,772 702,916
NET BOOK VALUE
At 31 March 2024 203,876 1,119 9,985 8,360 223,340
At 31 March 2023 142,854 1,281 13,035 6,183 163,353

The net book value of tangible fixed assets includes £ 82,450 in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 368,268 146,327
Other debtors 19,605 11,217
387,873 157,544

DESA SYSTEMS LIMITED (REGISTERED NUMBER: 03844339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 27,182 26,443
Hire purchase contracts 21,825 -
Trade creditors 307,896 186,033
Taxation and social security 110,787 90,651
Other creditors 37,930 61,827
505,620 364,954

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 38,184 64,579
Hire purchase contracts 49,106 -
87,290 64,579

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 65,366 91,022
Hire purchase contracts 70,931 -
136,297 91,022

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. ULTIMATE CONTROLLING PARTY

The controlling party is M R Thompson.