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REGISTERED NUMBER: 03302044 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Document Despatch Limited

Document Despatch Limited (Registered number: 03302044)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Document Despatch Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: L D Foster
M Baker





SECRETARY: R A Randall





REGISTERED OFFICE: The Courtyard
19-23 Homesteads Road
Kempshott
Basingstoke
Hampshire
RG22 5LQ





REGISTERED NUMBER: 03302044 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Document Despatch Limited (Registered number: 03302044)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 104,815 128,301
104,815 128,301

CURRENT ASSETS
Stocks 25,858 33,301
Debtors 6 453,375 252,082
Cash at bank and in hand 327,735 275,308
806,968 560,691
CREDITORS
Amounts falling due within one year 7 686,614 436,850
NET CURRENT ASSETS 120,354 123,841
TOTAL ASSETS LESS CURRENT
LIABILITIES

225,169

252,142

CREDITORS
Amounts falling due after more than one
year

8

-

(23,110

)

PROVISIONS FOR LIABILITIES 11 (24,456 ) (24,039 )
NET ASSETS 200,713 204,993

CAPITAL AND RESERVES
Called up share capital 12 95,714 95,714
Share premium 75,000 75,000
Retained earnings 29,999 34,279
SHAREHOLDERS' FUNDS 200,713 204,993

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Document Despatch Limited (Registered number: 03302044)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





L D Foster - Director


Document Despatch Limited (Registered number: 03302044)

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


1. STATUTORY INFORMATION

Document Despatch 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.

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.

Goodwill
Amortisation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the estimated useful economic life of that asset as follows:

Original Goodwill - over 20 years
Goodwill purchased in 2011 - over 5 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 33% on cost
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates 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.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.


Document Despatch Limited (Registered number: 03302044)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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
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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 24 ) .

Document Despatch Limited (Registered number: 03302044)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 1,049,370
AMORTISATION
At 1 August 2023
and 31 July 2024 1,049,370
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 August 2023 25,474 835,121 98,280 958,875
Additions - - 6,751 6,751
At 31 July 2024 25,474 835,121 105,031 965,626
DEPRECIATION
At 1 August 2023 25,474 710,749 94,351 830,574
Charge for year - 27,127 3,110 30,237
At 31 July 2024 25,474 737,876 97,461 860,811
NET BOOK VALUE
At 31 July 2024 - 97,245 7,570 104,815
At 31 July 2023 - 124,372 3,929 128,301


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 405,886 211,864
Other debtors 47,489 40,218
453,375 252,082

Document Despatch Limited (Registered number: 03302044)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts - 30,000
Hire purchase contracts (see note 9) 3,110 3,796
Trade creditors 310,443 142,528
Taxation and social security 138,829 110,832
Other creditors 234,232 149,694
686,614 436,850

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans - 20,000
Hire purchase contracts (see note 9) - 3,110
- 23,110

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.24 31.7.23
£    £   
Net obligations repayable:
Within one year 3,110 3,796
Between one and five years - 3,110
3,110 6,906

Non-cancellable operating leases
31.7.24 31.7.23
£    £   
Within one year 67,792 97,412
Between one and five years 167,373 235,165
235,165 332,577

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 3,110 6,906

The company has fixed and floating charges over all of its assets and undertakings.

Document Despatch Limited (Registered number: 03302044)

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


11. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 24,456 24,039

Deferred
tax
£   
Balance at 1 August 2023 24,039
Accelerated capital allowances 417
Balance at 31 July 2024 24,456

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
80,000 Ordinary £1 80,000 80,000
71,351 Preferred ordinary 1p 714 714
80,714 80,714

Allotted and issued:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
64,865 Ordinary A 23.12 5p 15,000 15,000

13. ULTIMATE CONTROLLING PARTY

DD Mailing Group Limited, a company registered in England and Wales, is the immediate and ultimate parent company.