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REGISTERED NUMBER: 07911951 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

DFL TEAM LTD

DFL TEAM LTD (REGISTERED NUMBER: 07911951)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DFL TEAM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr C E Leech
Mr P Quarton





REGISTERED OFFICE: The St Leonard
16 - 18 London Road
St Leonards on Sea
East Sussex
TN37 6AN





REGISTERED NUMBER: 07911951 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

DFL TEAM LTD (REGISTERED NUMBER: 07911951)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,958 6,123

CURRENT ASSETS
Stocks 5 4,000 3,100
Debtors 6 987 624
Cash at bank and in hand 80,650 79,220
85,637 82,944
CREDITORS
Amounts falling due within one year 7 23,114 27,750
NET CURRENT ASSETS 62,523 55,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,481

61,317

CREDITORS
Amounts falling due after more than one
year

8

(33,868

)

(35,177

)

PROVISIONS FOR LIABILITIES 9 (942 ) (1,163 )
NET ASSETS 32,671 24,977

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 32,571 24,877
SHAREHOLDERS' FUNDS 32,671 24,977

DFL TEAM LTD (REGISTERED NUMBER: 07911951)

BALANCE SHEET - continued
31 JANUARY 2024


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

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

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 16 October 2024 and were signed on its behalf by:





Mr C E Leech - Director


DFL TEAM LTD (REGISTERED NUMBER: 07911951)

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


1. STATUTORY INFORMATION

DFL Team Ltd 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.

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 - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

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 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 statement of financial position 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 yearyear 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.

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.

DFL TEAM LTD (REGISTERED NUMBER: 07911951)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 February 2023 9,703 5,277 49,821 5,450 70,251
Additions - - 507 - 507
At 31 January 2024 9,703 5,277 50,328 5,450 70,758
Depreciation
At 1 February 2023 9,703 4,383 48,663 1,379 64,128
Charge for year - 223 431 1,018 1,672
At 31 January 2024 9,703 4,606 49,094 2,397 65,800
Net book value
At 31 January 2024 - 671 1,234 3,053 4,958
At 31 January 2023 - 894 1,158 4,071 6,123

5. STOCKS
31.1.24 31.1.23
£    £   
Stocks 4,000 3,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 987 624

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 885 885
Trade creditors 4,460 4,604
Taxation and social security 9,606 8,558
Other creditors 8,163 13,703
23,114 27,750

DFL TEAM LTD (REGISTERED NUMBER: 07911951)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 885 1,770
Other creditors 32,983 33,407
33,868 35,177

9. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 942 1,163

Deferred
tax
£   
Balance at 1 February 2023 1,163
Provided during year (221 )
Balance at 31 January 2024 942

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100