Registered number
10219296
DJS Building Solutions Ltd
Unaudited Filleted Accounts
30 June 2024
DJS Building Solutions Ltd
Registered number: 10219296
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 223,297 176,909
Current assets
Stocks 83,855 153,855
Debtors 4 127,956 206,713
Cash at bank and in hand 212,521 65,153
424,332 425,721
Creditors: amounts falling due within one year 5 (278,198) (272,531)
Net current assets 146,134 153,190
Total assets less current liabilities 369,431 330,099
Creditors: amounts falling due after more than one year 6 (310,884) (304,003)
Provisions for liabilities (36,409) (25,302)
Net assets 22,138 794
Capital and reserves
Called up share capital 101 101
Profit and loss account 22,037 693
Shareholder's funds 22,138 794
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 member has 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 Spendelow
D Spendelow
Director
Approved by the board on 28 January 2025
DJS Building Solutions Ltd
Notes to the Accounts
for the year ended 30 June 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
Motor vehicles over 4 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Computer equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 July 2023 5,685 68,367 155,309 229,361
Additions 2,549 29,500 123,405 155,454
Disposals - - (49,499) (49,499)
At 30 June 2024 8,234 97,867 229,215 335,316
Depreciation
At 1 July 2023 1,763 15,131 35,558 52,452
Charge for the year 1,727 20,863 54,508 77,098
On disposals - - (17,531) (17,531)
At 30 June 2024 3,490 35,994 72,535 112,019
Net book value
At 30 June 2024 4,744 61,873 156,680 223,297
At 30 June 2023 3,922 53,236 119,751 176,909
4 Debtors 2024 2023
£ £
Trade debtors 16,098 61,533
Other debtors 111,858 145,180
127,956 206,713
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 36,667 36,667
Obligations under finance lease and hire purchase contracts 47,518 31,294
Trade creditors 87,847 149,487
Taxation and social security costs 35,833 42,027
Other creditors 70,333 13,056
278,198 272,531
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 143,611 180,278
Obligations under finance lease and hire purchase contracts 167,273 123,725
310,884 304,003
7 Other information
DJS Building Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 24 Station Road
Industrial Estate Station Road,
Ampthill, Bedford,
England,
MK45 2QY
The company is controlled by D Spendelow.
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