Dustlands Limited 07256792 true 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is Books publishing Digita Accounts Production Advanced 6.30.9574.0 true Ms M Young P Stansall true 07256792 2023-06-01 2024-05-31 07256792 2024-05-31 07256792 bus:OrdinaryShareClass1 2024-05-31 07256792 bus:OrdinaryShareClass2 2024-05-31 07256792 core:RetainedEarningsAccumulatedLosses 2024-05-31 07256792 core:ShareCapital 2024-05-31 07256792 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 07256792 bus:FRS102 2023-06-01 2024-05-31 07256792 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07256792 bus:FullAccounts 2023-06-01 2024-05-31 07256792 bus:RegisteredOffice 2023-06-01 2024-05-31 07256792 bus:Director1 2023-06-01 2024-05-31 07256792 bus:Director2 2023-06-01 2024-05-31 07256792 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 07256792 bus:OrdinaryShareClass2 2023-06-01 2024-05-31 07256792 bus:EntityNoLongerTradingButTradedInPast 2023-06-01 2024-05-31 07256792 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07256792 core:FurnitureFittings 2023-06-01 2024-05-31 07256792 core:OfficeEquipment 2023-06-01 2024-05-31 07256792 countries:EnglandWales 2023-06-01 2024-05-31 07256792 2022-06-01 2023-05-31 07256792 2023-05-31 07256792 bus:OrdinaryShareClass1 2023-05-31 07256792 bus:OrdinaryShareClass2 2023-05-31 07256792 core:RetainedEarningsAccumulatedLosses 2023-05-31 07256792 core:ShareCapital 2023-05-31 07256792 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07256792

Dustlands Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Dustlands Limited

Contents

Directors' Report

1

Profit and Loss Account

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 6

 

Dustlands Limited

Directors' Report for the Year Ended 31 May 2024

The directors present their report and the financial statements for the year ended 31 May 2024.

Directors of the company

The directors who held office during the year were as follows:

Ms M Young

P Stansall

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved and authorised by the Board on 16 January 2025 and signed on its behalf by:
 

.........................................
P Stansall
Director

 

Dustlands Limited

Profit and Loss Account for the Year Ended 31 May 2024

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Dustlands Limited

(Registration number: 07256792)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Current assets

 

Cash at bank and in hand

 

-

3,370

Creditors: Amounts falling due within one year

4

(2,757)

(6,127)

Net liabilities

 

(2,757)

(2,757)

Capital and reserves

 

Called up share capital

5

100

100

Retained earnings

(2,857)

(2,857)

Shareholders' deficit

 

(2,757)

(2,757)

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 16 January 2025 and signed on its behalf by:
 

.........................................
Ms M Young
Director

.........................................
P Stansall
Director

 

Dustlands Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Frankley Buildings
Bath
BA1 6EG

These financial statements were authorised for issue by the Board on 16 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% Straight Line

Office equipment

20% Straight Line

 

Dustlands Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

2

Accounting policies (continued)

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

 

3

Cash and cash equivalents

2024
£

2023
£

Cash at bank

-

3,370

 

Dustlands Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

4

Creditors

2024
£

2023
£

Due within one year

Social security and other taxes

-

90

Other payables

198

3,478

Accruals

2,559

2,559

2,757

6,127

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A shares of £1 each

80

80

80

80

Ordinary B shares of £1 each

20

20

20

20

100

100

100

100