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REGISTERED NUMBER: 06928918















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Downlands Building Services Limited

Downlands Building Services Limited (Registered number: 06928918)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Downlands Building Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr Julian Ridge





SECRETARY: Stones Book Keeping Services (Sussex) Limited





REGISTERED OFFICE: 398 Coast Road
Pevensey Bay
East Sussex
BN24 6NY





REGISTERED NUMBER: 06928918





ACCOUNTANTS: Stone's Accountancy Sussex Limited
398 Coast Road
Pevensey Bay
Pevensey
East Sussex
BN24 6NY

Downlands Building Services Limited (Registered number: 06928918)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,065 8,832
7,065 8,832

CURRENT ASSETS
Stocks 2,200 2,000
Debtors 6 3,853 -
Cash at bank and in hand 50,804 47,889
56,857 49,889
CREDITORS
Amounts falling due within one year 7 37,885 35,117
NET CURRENT ASSETS 18,972 14,772
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,037

23,604

CREDITORS
Amounts falling due after more than
one year

8

(10,770

)

(8,357

)

PROVISIONS FOR LIABILITIES (1,192 ) (1,490 )
NET ASSETS 14,075 13,757

Downlands Building Services Limited (Registered number: 06928918)

Balance Sheet - continued
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 13,575 13,257
SHAREHOLDERS' FUNDS 14,075 13,757

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 11 November 2024 and were signed by:





Mr Julian Ridge - Director


Downlands Building Services Limited (Registered number: 06928918)

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

1. STATUTORY INFORMATION

Downlands Building Services Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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.

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
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Downlands Building Services Limited (Registered number: 06928918)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 9,980
AMORTISATION
At 1 April 2023
and 31 March 2024 9,980
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Downlands Building Services Limited (Registered number: 06928918)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,844 21,155 1,135 24,134
DEPRECIATION
At 1 April 2023 1,764 12,490 1,048 15,302
Charge for year 16 1,733 18 1,767
At 31 March 2024 1,780 14,223 1,066 17,069
NET BOOK VALUE
At 31 March 2024 64 6,932 69 7,065
At 31 March 2023 80 8,665 87 8,832

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
VAT 3,853 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Tax 20,764 21,579
Social security and other taxes 2,144 1,702
VAT - 619
Directors' loan accounts 13,234 8,755
Accrued expenses 1,743 2,462
37,885 35,117

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31/3/24 31/3/23
£    £   
Other loans - 1-2 years - 8,357
Loan Account 3,646 -
No description 7,124 -
10,770 8,357

Downlands Building Services Limited (Registered number: 06928918)

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

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the directors loan account balance shown on the balance sheet was loaned by the sole director Mr J Ridge to the company. No interest was charged for this loan. The loan is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr Julian Ridge.