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REGISTERED NUMBER: 01878054 (England and Wales)















D.T.D. DAMP PROOFER LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024






D.T.D. DAMP PROOFER LIMITED (REGISTERED NUMBER: 01878054)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D.T.D. DAMP PROOFER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: D Palmer





SECRETARY: T Palmer





REGISTERED OFFICE: Bedwellty House
Bedwellty Road
New Tredegar
Gwent
NP24 6NH





REGISTERED NUMBER: 01878054 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

D.T.D. DAMP PROOFER LIMITED (REGISTERED NUMBER: 01878054)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 28,401 33,681

CURRENT ASSETS
Stocks 7,800 7,800
Debtors 5 72,083 57,200
Cash at bank and in hand 63,787 44,305
143,670 109,305
CREDITORS
Amounts falling due within one year 6 57,274 39,581
NET CURRENT ASSETS 86,396 69,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,797

103,405

CREDITORS
Amounts falling due after more than one
year

7

(14,726

)

(22,930

)

PROVISIONS FOR LIABILITIES (4,101 ) (4,803 )
NET ASSETS 95,970 75,672

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 95,870 75,572
SHAREHOLDERS' FUNDS 95,970 75,672

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

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

D.T.D. DAMP PROOFER LIMITED (REGISTERED NUMBER: 01878054)

BALANCE SHEET - continued
31ST JANUARY 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th September 2024 and were signed by:





D Palmer - Director


D.T.D. DAMP PROOFER LIMITED (REGISTERED NUMBER: 01878054)

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

1. STATUTORY INFORMATION

D.T.D. Damp Proofer 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off 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
Motor vehicles - 25% on reducing balance
Computer equipment - 15% 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 Profit and Loss Account, 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.

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.

D.T.D. DAMP PROOFER LIMITED (REGISTERED NUMBER: 01878054)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st February 2023
and 31st January 2024 64,336 42,455 4,068 110,859
DEPRECIATION
At 1st February 2023 35,846 40,182 1,150 77,178
Charge for year 4,274 568 438 5,280
At 31st January 2024 40,120 40,750 1,588 82,458
NET BOOK VALUE
At 31st January 2024 24,216 1,705 2,480 28,401
At 31st January 2023 28,490 2,273 2,918 33,681

D.T.D. DAMP PROOFER LIMITED (REGISTERED NUMBER: 01878054)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st February 2023 33,485
Transfer to ownership (11,990 )
At 31st January 2024 21,495
DEPRECIATION
At 1st February 2023 10,693
Charge for year 2,741
Transfer to ownership (7,468 )
At 31st January 2024 5,966
NET BOOK VALUE
At 31st January 2024 15,529
At 31st January 2023 22,792

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,046 34,567
Other debtors - 45
Directors' current accounts 21,037 22,588
72,083 57,200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,200 5,333
Hire purchase contracts 3,138 2,882
Trade creditors 17,493 8,238
Corporation Tax 12,546 8,137
Social security and other taxes 2,026 -
VAT 11,253 8,201
Other creditors 695 2,231
Accruals and deferred income 4,923 4,559
57,274 39,581

D.T.D. DAMP PROOFER LIMITED (REGISTERED NUMBER: 01878054)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 7,367 12,434
Hire purchase contracts 7,359 10,496
14,726 22,930

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the year end due from D Palmer of £21,037 (2023 - £22,589).

During the year the company paid rent of £7,200 (2023 - £6,480) to D Palmer (director and shareholder of the company) for the use of freehold property owned by them. The lease is under a formal contract terms and has an independently verified rent review every three years.