Dunton Floors Limited |
Notes to the Accounts |
for the year ended 30 April 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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). |
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Turnover |
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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. |
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Tangible fixed assets |
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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 over its expected useful life, as follows: |
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Fixtures and equipment |
15% reducing balance |
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Motor vehicles |
25% reducing balance |
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Creditors |
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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. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
- |
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- |
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3 |
Tangible fixed assets |
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Fixtures and equipment |
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Motor vehicles |
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Total |
£ |
£ |
£ |
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Cost |
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At 1 May 2023 |
700 |
|
8,620 |
|
9,320 |
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Disposals |
- |
|
(8,620) |
|
(8,620) |
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At 30 April 2024 |
700 |
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- |
|
700 |
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Depreciation |
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At 1 May 2023 |
194 |
|
8,467 |
|
8,661 |
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Charge for the year |
76 |
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- |
|
76 |
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On disposals |
- |
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(8,467) |
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(8,467) |
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At 30 April 2024 |
270 |
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- |
|
270 |
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Net book value |
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At 30 April 2024 |
430 |
|
- |
|
430 |
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At 30 April 2023 |
506 |
|
153 |
|
659 |
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4 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
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Other creditors |
8,019 |
|
8,095 |
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5 |
Revaluation reserve |
2024 |
|
2023 |
£ |
£ |
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At 1 May 2023 |
300 |
|
300 |
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At 30 April 2024 |
300 |
|
300 |
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6 |
Other information |
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Dunton Floors Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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The Oast House |
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Stilebridge Lane |
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Marden |
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TN12 9BB |