Company Registration No. 11191653 (England and Wales)
Deal4Doors Ltd
Unaudited accounts
for the year ended 31 March 2024
Deal4Doors Ltd
Unaudited accounts
Contents
Deal4Doors Ltd
Company Information
for the year ended 31 March 2024
Directors
P.M.Lord
M.A.R.Rose
Company Number
11191653 (England and Wales)
Registered Office
25 Woodland Drive
Middleton
Leeds
West Yorkshire
LS10 4GW
UK
Deal4Doors Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
14,628
29,527
Inventories
246,319
198,284
Cash at bank and in hand
112,232
128,131
Creditors: amounts falling due within one year
(407,588)
(317,486)
Net current assets
1,835
53,908
Total assets less current liabilities
16,463
83,435
Creditors: amounts falling due after more than one year
(13,333)
(23,606)
Provisions for liabilities
Deferred tax
(2,779)
(5,610)
Called up share capital
2
2
Profit and loss account
349
54,217
Shareholders' funds
351
54,219
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by
M.A.R.Rose
Director
Company Registration No. 11191653
Deal4Doors Ltd
Notes to the Accounts
for the year ended 31 March 2024
Deal4Doors Ltd is a private company, limited by shares, registered in England and Wales, registration number 11191653. The registered office is 25 Woodland Drive, Middleton, Leeds, West Yorkshire, LS10 4GW, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Computer equipment
20% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Deal4Doors Ltd
Notes to the Accounts
for the year ended 31 March 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
25,589
49,664
6,801
82,054
At 31 March 2024
25,589
49,664
8,429
83,682
At 1 April 2023
15,264
33,696
3,567
52,527
Charge for the year
4,908
9,933
1,686
16,527
At 31 March 2024
20,172
43,629
5,253
69,054
At 31 March 2024
5,417
6,035
3,176
14,628
At 31 March 2023
10,325
15,968
3,234
29,527
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
2,273
6,168
Amounts falling due within one year
Accrued income and prepayments
13,626
18,084
Other debtors
37,246
26,895
Amounts due after more than one year
14,640
26,895
Deal4Doors Ltd
Notes to the Accounts
for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,000
8,000
Obligations under finance leases and hire purchase contracts
2,273
3,895
Trade creditors
341,222
247,107
Taxes and social security
25,418
7,220
Loans from directors
-
8,544
The amount due in respect of Obligations under Hire Purchase contracts is secured on the asset to which it relates.
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
2,273
The amount due in respect of Obligations under Hire Purchase contracts is secured on the asset to which it relates.
8
Operating lease commitments
2024
2023
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
18,362
-
Later than one year and not later than five years
23,496
108,407
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan from company
-
5,175
-
5,175
Loan from company
-
5,176
-
5,176
During the year, the directors received a loan from the company of £5,176 (M A R Rose) and £5,175 (P M Lord), both sums outstanding at the year end. These were the maximum balances outstanding during the year. The individual loans did not exceed £10,000 and are interest free, unsecured and repayable on demand. It is the intention of the directors to repay the loans in full as quickly as possible.
Deal4Doors Ltd
Notes to the Accounts
for the year ended 31 March 2024
10
Average number of employees
During the year the average number of employees was 11 (2023: 11).