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REGISTERED NUMBER: 10881014 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

DSMerchants Ltd

DSMerchants Ltd (Registered number: 10881014)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DSMerchants Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: M Taurone





REGISTERED OFFICE: c/o ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1RZ





REGISTERED NUMBER: 10881014 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

DSMerchants Ltd (Registered number: 10881014)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
CURRENT ASSETS
Debtors 5 - 86
Cash at bank - 1,907
- 1,993
CREDITORS
Amounts falling due within one year 6 12,972 14,396
NET CURRENT LIABILITIES (12,972 ) (12,403 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,972

)

(12,403

)

CREDITORS
Amounts falling due after more than one
year

7

18,881

18,670
NET LIABILITIES (31,853 ) (31,073 )

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings (31,952 ) (31,172 )
SHAREHOLDERS' FUNDS (31,853 ) (31,073 )

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 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.

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 21 October 2024 and were signed by:





M Taurone - Director


DSMerchants Ltd (Registered number: 10881014)

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

1. STATUTORY INFORMATION

DSMerchants 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.

Although the company has net liabilities at the balance date, the director has agreed to continue to support the company for a further 12 months. Therefore, the accounts are prepared on a going concern basis.

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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

DSMerchants Ltd (Registered number: 10881014)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023
and 31 January 2024 1,417 7,038 8,455
DEPRECIATION
At 1 February 2023
and 31 January 2024 1,417 7,038 8,455
NET BOOK VALUE
At 31 January 2024 - - -
At 31 January 2023 - - -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
VAT - 86

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 6,000 6,000
Directors' current accounts 6,792 7,796
Accrued expenses 180 600
12,972 14,396

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans - 1-2 years 6,000 6,000
Bank loans - 2-5 years 12,881 12,670
18,881 18,670

8. ULTIMATE CONTROLLING PARTY

The controlling party is M Taurone.