IRIS Accounts Production v24.3.0.553 13214533 director 1.3.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh132145332023-02-28132145332024-02-29132145332023-03-012024-02-29132145332022-02-28132145332022-03-012023-02-28132145332023-02-2813214533ns15:EnglandWales2023-03-012024-02-2913214533ns14:PoundSterling2023-03-012024-02-2913214533ns10:Director12023-03-012024-02-2913214533ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2913214533ns10:SmallEntities2023-03-012024-02-2913214533ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2913214533ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2913214533ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2913214533ns10:FullAccounts2023-03-012024-02-2913214533ns10:OrdinaryShareClass12023-03-012024-02-2913214533ns5:CurrentFinancialInstruments2024-02-2913214533ns5:CurrentFinancialInstruments2023-02-2813214533ns5:Non-currentFinancialInstruments2024-02-2913214533ns5:Non-currentFinancialInstruments2023-02-2813214533ns5:ShareCapital2024-02-2913214533ns5:ShareCapital2023-02-2813214533ns5:RetainedEarningsAccumulatedLosses2024-02-2913214533ns5:RetainedEarningsAccumulatedLosses2023-02-2813214533ns10:RegisteredOffice2023-03-012024-02-2913214533ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-012024-02-2913214533ns5:FurnitureFittings2023-03-012024-02-2913214533ns5:ShortLeaseholdAssetsns5:LandBuildings2023-02-2813214533ns5:FurnitureFittings2023-02-2813214533ns5:ShortLeaseholdAssetsns5:LandBuildings2024-02-2913214533ns5:FurnitureFittings2024-02-2913214533ns5:ShortLeaseholdAssetsns5:LandBuildings2023-02-2813214533ns5:FurnitureFittings2023-02-2813214533ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-02-2913214533ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2813214533ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-02-2913214533ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-02-2813214533ns5:Secured2024-02-2913214533ns5:Secured2023-02-2813214533ns10:OrdinaryShareClass12024-02-29
REGISTERED NUMBER: 13214533 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Dutchflow Trade Ltd

Dutchflow Trade Ltd (Registered number: 13214533)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Dutchflow Trade Ltd (Registered number: 13214533)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 5,860 8,720

CURRENT ASSETS
Inventories 101,142 84,670
Debtors 5 204,815 268,472
Cash at bank 3,675 8,425
309,632 361,567
CREDITORS
Amounts falling due within one year 6 292,668 313,762
NET CURRENT ASSETS 16,964 47,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,824

56,525

CREDITORS
Amounts falling due after more than
one year

7

98,385

99,443
NET LIABILITIES (75,561 ) (42,918 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (75,661 ) (43,018 )
SHAREHOLDERS' FUNDS (75,561 ) (42,918 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Dutchflow Trade Ltd (Registered number: 13214533)

Statement of Financial Position - continued
29 February 2024


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 28 November 2024 and were signed by:





Mr Michael Peter De Boer - Director


Dutchflow Trade Ltd (Registered number: 13214533)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Dutchflow Trade Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13214533

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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 represents the fair value of rent received or receivable from the leasehold properties, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 3 years
Fixtures and fittings - 50% on cost and Straight line over 3 years

Stocks
Stock representing properties intended for resale is valued at the lower of cost and estimated selling price less costs to complete and sell. Costs incurred in refurbishing properties to the resale standard are included in the cost of each property.

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 statement of financial position date.


Dutchflow Trade Ltd (Registered number: 13214533)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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 statement of financial position 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.

Going concern
The company has net liabilities of £75,561. The accounts have been prepared on a going concern basis as the director has confirmed that he will continue to provide financial support to the company for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Short and
leasehold fittings Totals
£    £    £   
COST
At 1 March 2023 7,530 12,050 19,580
Additions - 3,000 3,000
At 29 February 2024 7,530 15,050 22,580
DEPRECIATION
At 1 March 2023 6,843 4,017 10,860
Charge for year 343 5,517 5,860
At 29 February 2024 7,186 9,534 16,720
NET BOOK VALUE
At 29 February 2024 344 5,516 5,860
At 28 February 2023 687 8,033 8,720

Dutchflow Trade Ltd (Registered number: 13214533)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 204,815 268,472

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other creditors 292,668 313,762

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 50,050 50,050
Other creditors 48,335 49,393
98,385 99,443

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 50,050 50,050

8. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 50,050 50,050

The loan amounting to £50,050 is secured by the way of charge on the property situated at 16B Wernddu Road, Ammanford, SA18 2NE (disclosed as inventories). The charge was created in the name of Together Commercial Finance Limited on 03rd October 2022.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary £1 100 100

Dutchflow Trade Ltd (Registered number: 13214533)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. RELATED PARTY DISCLOSURES

The company owes £217,401 (2023: £222,182) to its director, Mr. Michael Peter De Boer as at accounting year end date.

The company was owed £193,843 (2023: £259,557) as at accounting year end date from Dutchflow Invest Ltd, a company registered in United Kingdom (Company registered number: 13214533). Mr. Michael Peter De Boer is also a director of this company.

The company was owed £1,219 (2023: £459) as at accounting year end date to its parent company (100%) Dutchflow Holdings Ltd, a company registered in United Kingdom (Company registered number: 14536232). Mr. Michael Peter De Boer is also a director of this company.