Registered number
12259822
DDF Fire Ltd
Unaudited Filleted Accounts
31 October 2024
DDF Fire Ltd
Registered number: 12259822
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 152,094 170,412
Current assets
Stocks 47,115 17,419
Debtors 4 297,096 509,611
Cash at bank and in hand 90,500 51,022
434,711 578,052
Creditors: amounts falling due within one year 5 (164,743) (273,647)
Net current assets 269,968 304,405
Total assets less current liabilities 422,062 474,817
Creditors: amounts falling due after more than one year 6 (56,005) (64,272)
Provisions for liabilities (38,020) (41,550)
Net assets 328,037 368,995
Capital and reserves
Called up share capital 20 20
Profit and loss account 328,017 368,975
Shareholders' funds 328,037 368,995
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
D Jackevicius
Director
Approved by the board on 16 January 2025
DDF Fire Ltd
Notes to the Accounts
for the year ended 31 October 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 2-4 years straight line
Fixtures, fittings, tools and equipment 4 years straight line
Motor Vehicles 5 years reducing balance
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.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
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 14 14
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 November 2023 16,049 183,939 199,988
Additions - 26,370 26,370
Disposals - (4,999) (4,999)
At 31 October 2024 16,049 205,310 221,359
Depreciation
At 1 November 2023 6,939 22,637 29,576
Charge for the year 3,900 36,789 40,689
On disposals - (1,000) (1,000)
At 31 October 2024 10,839 58,426 69,265
Net book value
At 31 October 2024 5,210 146,884 152,094
At 31 October 2023 9,110 161,302 170,412
4 Debtors 2024 2023
£ £
Trade debtors 275,996 475,979
Other debtors 21,100 33,632
297,096 509,611
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,000 4,958
Obligations under finance lease and hire purchase contracts 21,572 15,532
Trade creditors 83,499 105,687
Taxation and social security costs 42,600 132,992
Other creditors 12,072 14,478
164,743 273,647
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 25,852 31,411
Obligations under finance lease and hire purchase contracts 30,153 32,861
56,005 64,272
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 5,852 11,580
Secured hire purchase contracts 51,725 37,819
The hire purchase contracts are secured on the related assets.
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 22,500 22,500
9 Related party transactions
During the year the company made a loan of £20,000 to a related company which is controlled and owned by the company's shareholders. The loan is interest free and shown on an aggregated basis.
During the year the company paid £65,650 to companies owned by the director and owed £30,700 to one of these companies at the year end.
During the previous year the company made a loan of £5,662 to one of its shareholders. The loan, which was interest free and shown on an aggregated basis, was repaid during the current year.
10 Other information
DDF Fire Ltd is a private company limited by shares and incorporated in England. Its registered office is:
11 Spenser Avenue
Exeter
EX2 6BW
The company's place of business is:
Unit 11 Forresters Business Park
Estover
Plymouth
PL6 7PL
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