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Registered Number: 05045880
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 29 February 2024

for

D.J. POLLARD LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 212,737    193,741 
212,737    193,741 
Current assets      
Stocks 4 891    300 
Debtors 5 226,589    200,388 
Cash at bank and in hand 21,048    6,230 
248,528    206,918 
Creditors: amount falling due within one year 6 (259,031)   (227,644)
Net current assets (10,503)   (20,726)
 
Total assets less current liabilities 202,234    173,015 
Creditors: amount falling due after more than one year 7 (5,979)   (9,027)
Provisions for liabilities 8 (16,583)   (12,974)
Net assets 179,672    151,014 
 

Capital and reserves
     
Called up share capital 9 2    2 
Reserves 10 67,031    47,031 
Profit and loss account 112,639    103,981 
Shareholders' funds 179,672    151,014 
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 22 November 2024 and were signed on its behalf by:


-------------------------------
D J Pollard
Director
1
General Information
D.J. Pollard Limited is a private company, limited by shares, registered in England and Wales, registration number 05045880, registration address 1a Sandringham Drive, Spondon, Derby, Derbyshire, DE21 7QL. The trading address of the company is The Linhay, Rodsley, Ashbourne, Derbyshire, DE6 3AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
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.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Borrowing costs
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Straight Line
Plant and Machinery 15% Reducing Balance
Computer Equipment 33% Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 3 (2023 : 3).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Computer Equipment   Total
  £   £   £   £
At 01 March 2023 180,000    19,000    1,049    200,049 
Additions   762    625    1,387 
Disposals      
Revaluations 20,000        20,000 
At 29 February 2024 200,000    19,762    1,674    221,436 
Depreciation
At 01 March 2023   5,493    815    6,308 
Charge for year   2,140    251    2,391 
On disposals      
At 29 February 2024   7,633    1,066    8,699 
Net book values
Closing balance as at 29 February 2024 200,000    12,129    608    212,737 
Opening balance as at 01 March 2023 180,000    13,507    234    193,741 


4.

Stocks

2024
£
  2023
£
Raw Materials 891    300 
891    300 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 2,364    4,580 
Prepayments & Accrued Income 352    329 
Amounts Recoverable on Contracts 223,873    195,221 
VAT   258 
226,589    200,388 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 7,412    9,812 
Bank Loans & Overdrafts 3,048    2,999 
Corporation Tax 5,459    3,109 
PAYE & Social Security 716    390 
Accrued Expenses 108,267    89,655 
Other Creditors 2,120    1,409 
Wages & Salaries Control Account 238    286 
Directors' Current Accounts 130,497    119,984 
VAT 1,274   
259,031    227,644 
Bank Loans & Overdrafts
Included within the bank loans & overdrafts is the Bounce Back Loan which is 100% Government guaranteed.    

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 5,979    9,027 
5,979    9,027 
Bank Loans & Overdrafts
Included within the bank loans & overdrafts is the Bounce Back Loan which is 100% Government guaranteed.    

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 12,974    13,474 
Charged to Profit & Loss 3,609    (500)
16,583    12,974 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
2 Class A shares of £1.00 each  
 

10.

Reserves

2024
£
  2023
£
Revaluation Reserve b/fwd 47,031    47,031 
Revaluation of Fixed Assets 20,000   
67,031    47,031 

2