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REGISTERED NUMBER: 00415552 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

DAY-IMPEX LIMITED

DAY-IMPEX LIMITED (REGISTERED NUMBER: 00415552)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DAY-IMPEX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







Director: M Wilks



Registered office: Station Works
Earls Colne
COLCHESTER
Essex
CO6 2ER



Registered number: 00415552 (England and Wales)



Bankers: Lloyds Bank Plc.
78 High Street
Rayleigh
Essex
SS6 7EB

DAY-IMPEX LIMITED (REGISTERED NUMBER: 00415552)

ABRIDGED BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 50 50
Tangible assets 5 97,787 84,197
97,837 84,247

Current assets
Stocks 103,358 60,970
Debtors 1,544,640 1,365,790
Cash at bank and in hand 197,730 278,609
1,845,728 1,705,369
Creditors
Amounts falling due within one year 438,253 362,084
Net current assets 1,407,475 1,343,285
Total assets less current liabilities 1,505,312 1,427,532

Creditors
Amounts falling due after more than one
year

(75,914

)

(75,677

)

Provisions for liabilities (24,447 ) (17,690 )
Net assets 1,404,951 1,334,165

Capital and reserves
Called up share capital 20,015 20,015
Capital redemption reserve 4,930 4,930
Other reserves 55,787 55,787
Retained earnings 1,324,219 1,253,433
Shareholders' funds 1,404,951 1,334,165

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 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.

DAY-IMPEX LIMITED (REGISTERED NUMBER: 00415552)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 October 2024 and were signed by:





M Wilks - Director


DAY-IMPEX LIMITED (REGISTERED NUMBER: 00415552)

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

1. Statutory information

Day-Impex 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.

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.

Patents and Licences are being amortised evenly over their estimated useful life of nil years.

Intangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its anticipated useful life:
Patents and Licences-20% on cost

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its anticipated useful life less the estimated residual value:
Computer Equipment -50% on cost
Plant and Machinery -10 to 16.67% on cost
Fixtures and Fittings -10% on cost
Office Equipment -10% 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.

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.

DAY-IMPEX LIMITED (REGISTERED NUMBER: 00415552)

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

2. Accounting policies - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. Employees and directors

The average number of employees during the year was 12 (2023 - 25 ) .

4. Intangible fixed assets
Totals
£   
Cost
At 1 August 2023
and 31 July 2024 33,000
Amortisation
At 1 August 2023
and 31 July 2024 32,950
Net book value

At 31 July 2024 50
At 31 July 2023 50

5. Tangible fixed assets
Totals
£   
Cost
At 1 August 2023 686,313
Additions 85,247
Disposals (484,343 )
At 31 July 2024 287,217
Depreciation
At 1 August 2023 602,116
Charge for year 31,665
Eliminated on disposal (444,351 )
At 31 July 2024 189,430
Net book value
At 31 July 2024 97,787
At 31 July 2023 84,197

6. Other financial commitments

The company has financial commitments of £216,667 in relation to non cancellable lease agreements for the company premises.

DAY-IMPEX LIMITED (REGISTERED NUMBER: 00415552)

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

7. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
M Wilks
Balance outstanding at start of year - -
Amounts advanced 35,356 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,356 -