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Company Registration No. 12112575 (England and Wales)
DAVID'S MACHINERY LTD Unaudited accounts for the year ended 31 July 2024
DAVID'S MACHINERY LTD Unaudited accounts Contents
Page
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DAVID'S MACHINERY LTD Company Information for the year ended 31 July 2024
Director
D Harasimiuk
Company Number
12112575 (England and Wales)
Registered Office
38 BRANDON WAY KINGSWOOD HULL HU7 3EL ENGLAND
Accountants
Woolley & Co - Accountants and Chartered Tax Advisors Crown House, York Road Shiptonthorpe York East Yorkshire YO43 3PF
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DAVID'S MACHINERY LTD Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,006 
3,820 
Current assets
Inventories
20,499 
18,010 
Debtors
1,523 
623 
Cash at bank and in hand
35,952 
28,969 
57,974 
47,602 
Creditors: amounts falling due within one year
(52,959)
(57,602)
Net current assets/(liabilities)
5,015 
(10,000)
Total assets less current liabilities
8,021 
(6,180)
Creditors: amounts falling due after more than one year
(4,207)
(9,221)
Net assets/(liabilities)
3,814 
(15,401)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
3,813 
(15,402)
Shareholders' funds
3,814 
(15,401)
For the year ending 31 July 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 director acknowledges his 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 and authorised for issue on 14 October 2024 and were signed on its behalf by
D Harasimiuk Director Company Registration No. 12112575
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DAVID'S MACHINERY LTD Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
DAVID'S MACHINERY LTD is a private company, limited by shares, registered in England and Wales, registration number 12112575. The registered office is 38 BRANDON WAY, KINGSWOOD, HULL, HU7 3EL, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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% on a reducing balance
Computer equipment
30% on a reducing balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
7,175 
719 
7,894 
At 31 July 2024
7,175 
719 
7,894 
Depreciation
At 1 August 2023
3,858 
216 
4,074 
Charge for the year
663 
151 
814 
At 31 July 2024
4,521 
367 
4,888 
Net book value
At 31 July 2024
2,654 
352 
3,006 
At 31 July 2023
3,317 
503 
3,820 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,380 
480 
Accrued income and prepayments
143 
143 
1,523 
623 
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DAVID'S MACHINERY LTD Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,324 
5,328 
VAT
6,093 
4,505 
Taxes and social security
832 
- 
Loans from directors
39,900 
46,959 
Accruals
810 
810 
52,959 
57,602 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,207 
9,221 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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