DLS BUILDING SOLUTIONS LTD

Company Registration Number:
10851897 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

DLS BUILDING SOLUTIONS LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

DLS BUILDING SOLUTIONS LTD

Company Information

for the Period Ended 31 July 2024




Director: Mr Derick Swatton
Registered office: 27 Lympne Avenue
Ernesettle
Plymouth
Devon
GBR
PL5 2PS
Company Registration Number: 10851897 (England and Wales)

DLS BUILDING SOLUTIONS LTD

Balance sheet

As at 31 July 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 1,520
Total fixed assets: 1,520
Current assets
Stocks: 3,000
Debtors: 4 1,665 21,592
Cash at bank and in hand: 72 2,932
Total current assets: 1,737 27,524
Creditors: amounts falling due within one year: 5 ( 90 ) ( 16,365 )
Net current assets (liabilities): 1,647 11,159
Total assets less current liabilities: 1,647 12,679
Creditors: amounts falling due after more than one year: 6 ( 7,401 )
Provision for liabilities: ( 0 ) ( 656 )
Total net assets (liabilities): 1,647 4,622

The notes form part of these financial statements

DLS BUILDING SOLUTIONS LTD

Balance sheet continued

As at 31 July 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 1,645 4,620
Shareholders funds: 1,647 4,622

For the year ending 31 July 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 21 January 2025
And Signed On Behalf Of The Board By:

Name: Mr Derick Swatton
Status: Director

The notes form part of these financial statements

DLS BUILDING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

    Tangible fixed assets depreciation policy

    Tangible assets
    Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

    The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
    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
    Motor vehicles 25% reducing balance
    Plant & equipment 25% reducing balance

    Other accounting policies

    Defined contribution pension obligation A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment. Financial instruments Classification The company holds the following financial instruments: Short term trade and other debtors and creditors; Bank loans; and Cash and bank balances. All financial instruments are classified as basic. Recognition and measurement The company has chosen to apply the recognition and measurement principles in FRS102. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled. Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments. Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method. Staff numbers The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1). Going Concern The accounts have not been prepared on a going concern basis. The company ceased to trade on 31 July 2024, and it is the intention of the company director to close the company within 12 months of the date of these financial statements.

DLS BUILDING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

DLS BUILDING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 3. Off balance sheet disclosure

    No

DLS BUILDING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors


2024
£

2023
£
Trade debtors 32
Prepayments and accrued income 904
Other debtors 1,665 20,656
Total 1,665 21,592

DLS BUILDING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 4,000
Amounts due under finance leases and hire purchase contracts 4,366
Taxation and social security 90 7,999
Total 90 16,365

DLS BUILDING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 7,401
Total 7,401

DLS BUILDING SOLUTIONS LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

7.1. Loans to Directors

Name of director receiving advance or credit: Mr Derick Swatton
Description of the transaction:
During the year the company operated a loan account with it's director. The loan attracts interest at rates stipulated by HMRC and is repayable upon demand.
Balance at 01 August 2023 4,879
Advances or credits made: 33,678
Advances or credits repaid: 38,570
Balance at 31 July 2024 ( 13 )