Registered number
09678787
Dimensions Forwarding Ltd
Filleted Accounts
31 December 2023
Dimensions Forwarding Ltd
Registered number: 09678787
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,572 1,509
Current assets
Debtors 4 213,244 114,712
Cash at bank and in hand 13,022 24,856
226,266 139,568
Creditors: amounts falling due within one year 5 (326,199) (238,487)
Net current liabilities (99,933) (98,919)
Total assets less current liabilities (98,361) (97,410)
Creditors: amounts falling due after more than one year 6 (7,989) (13,525)
Net liabilities (106,350) (110,935)
Capital and reserves
Called up share capital 3,000 3,000
Profit and loss account (109,350) (113,935)
Shareholder's funds (106,350) (110,935)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Dalakoura
Director
Approved by the board on 20 November 2024
Dimensions Forwarding Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
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).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 20% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
The financial statements are prepared on the basis that the company is a going concern. The director will continue to provide financial support and has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 4,764
Additions 707
At 31 December 2023 5,471
Depreciation
At 1 January 2023 3,255
Charge for the year 644
At 31 December 2023 3,899
Net book value
At 31 December 2023 1,572
At 31 December 2022 1,509
4 Debtors 2023 2022
£ £
Trade debtors 170,288 94,408
Deferred tax 4,685 16,176
Other debtors 38,271 4,128
213,244 114,712
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,963 5,963
Trade creditors 262,244 214,268
Taxation and social security costs 4,164 2,701
Other creditors 53,828 15,555
326,199 238,487
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 7,989 13,525
7 Related party transactions
During the year, the director, Ms A. Dalakoura made an interest free loan totalling £32,000 to the company.
8 Other information
Dimensions Forwarding Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Salisbury House
29 Finsbury Circus
London
EC2M 5SQ
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