Registered number
12504089
DUJAN MAIDSTONE LTD
Filleted Accounts
31 March 2024
DUJAN MAIDSTONE LTD
Registered number: 12504089
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 75,000 75,000
Tangible assets 4 - 4,823
75,000 79,823
Current assets
Stocks 40,750 51,250
Debtors 5 3,442 2,996
Cash at bank and in hand 1,381 3,813
45,573 58,059
Creditors: amounts falling due within one year 6 (27,995) (49,469)
Net current assets 17,578 8,590
Total assets less current liabilities 92,578 88,413
Creditors: amounts falling due after more than one year 7 (64,191) (64,510)
Net assets 28,387 23,903
Capital and reserves
Called up share capital 1 1
Profit and loss account 28,386 23,902
Shareholders' funds 28,387 23,903
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
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.
Mr T Vimalaruban
Director
Approved by the board on 26 December 2024
DUJAN MAIDSTONE LTD
Notes to the Accounts
for the year ended 31 March 2024
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:
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 75,000
At 31 March 2024 75,000
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 75,000
At 31 March 2023 75,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 19,292
At 31 March 2024 19,292
Depreciation
At 1 April 2023 14,469
Charge for the year 4,823
At 31 March 2024 19,292
Net book value
At 31 March 2024 -
At 31 March 2023 4,823
5 Debtors 2024 2023
£ £
Trade debtors 175 229
Other debtors 3,267 2,767
3,442 2,996
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 930 26,986
Taxation and social security costs 27,065 22,483
27,995 49,469
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 13,124
Other creditors 64,191 51,386
64,191 64,510
8 Transactions with the directors
The amount of £64,191.00 is owed to the directors of the company
9 Other information
DUJAN MAIDSTONE LTD is a private company limited by shares and incorporated in England. Its registered office is:
25 Buckland Hill
Maidstone
Kent
ME16 0SQ
DUJAN MAIDSTONE LTD 12504089 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 Mr T Vimalaruban No description of principal activity 12504089 2022-04-01 2023-03-31 12504089 core:WithinOneYear 2023-03-31 12504089 core:AfterOneYear 2023-03-31 12504089 core:ShareCapital 2023-03-31 12504089 core:RetainedEarningsAccumulatedLosses 2023-03-31 12504089 2023-04-01 2024-03-31 12504089 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 12504089 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 12504089 bus:Director40 2023-04-01 2024-03-31 12504089 1 2023-04-01 2024-03-31 12504089 2 2023-04-01 2024-03-31 12504089 core:PlantMachinery 2023-04-01 2024-03-31 12504089 countries:England 2023-04-01 2024-03-31 12504089 bus:FRS102 2023-04-01 2024-03-31 12504089 bus:FilletedAccounts 2023-04-01 2024-03-31 12504089 2024-03-31 12504089 core:WithinOneYear 2024-03-31 12504089 core:AfterOneYear 2024-03-31 12504089 core:ShareCapital 2024-03-31 12504089 core:RetainedEarningsAccumulatedLosses 2024-03-31 12504089 core:Goodwill 2024-03-31 12504089 core:PlantMachinery 2024-03-31 12504089 2023-03-31 12504089 core:Goodwill 2023-03-31 12504089 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure