Registered number
06346478
De-Stat Limited
Filleted Accounts
31 August 2024
De-Stat Limited
Registered number: 06346478
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 5,986 7,981
Current assets
Stocks 450 450
Debtors 4 46,948 81,499
Cash at bank and in hand 346,319 303,669
393,717 385,618
Creditors: amounts falling due within one year 5 (81,726) (82,442)
Net current assets 311,991 303,176
Total assets less current liabilities 317,977 311,157
Provisions for liabilities (1,496) (1,516)
Net assets 316,481 309,641
Capital and reserves
Called up share capital 100 100
Profit and loss account 316,381 309,541
Shareholders' funds 316,481 309,641
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Robert D Pass
Director
Approved by the board on 11 October 2024
De-Stat Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment, computers 25% reducing balance
Motor vehicles 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Office equipment, computers Motor vehicles Total
£ £ £
Cost
At 1 September 2023 6,740 31,099 37,839
At 31 August 2024 6,740 31,099 37,839
Depreciation
At 1 September 2023 6,139 23,719 29,858
Charge for the year 150 1,845 1,995
At 31 August 2024 6,289 25,564 31,853
Net book value
At 31 August 2024 451 5,535 5,986
At 31 August 2023 601 7,380 7,981
4 Debtors 2024 2023
£ £
Trade debtors 46,948 81,499
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 11,311 16,022
Directors' loan account 24,373 25,675
Taxation and social security costs 43,122 37,033
Other creditors 2,920 3,712
81,726 82,442
6 Loans from directors Further Repaid
Description and conditions B/fwd Advances in year C/fwd
£ £ £ £
RD Pass and BH Pass
Joint loan, interest free and unsecured 25,765 75,000 (76,392) 24,373
25,765 75,000 (76,392) 24,373
7 Controlling party
The company is controlled by the directors who hold 100% of the share capital
8 Other information
De-Stat Limited is a private company limited by shares and incorporated in England. Its registered office is:
17 Rock House Drive
Barlaston
Stoke on Trent
ST12 9EA
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