Company Registration No. 08372403 (England and Wales)
DFITTINGS LIMITED
Unaudited accounts
for the year ended 31 January 2024
DFITTINGS LIMITED
Unaudited accounts
Contents
DFITTINGS LIMITED
Company Information
for the year ended 31 January 2024
Company Number
08372403 (England and Wales)
Registered Office
7 BRADENHAM ROAD
HAYES
LONDON
UB4 8LP
DFITTINGS LIMITED
Statement of financial position
as at 31 January 2024
Tangible assets
49,997
127,456
Cash at bank and in hand
12,876
123,678
Creditors: amounts falling due within one year
(180,803)
(272,034)
Net current liabilities
(68,760)
(61,867)
Total assets less current liabilities
(18,763)
65,589
Creditors: amounts falling due after more than one year
(42,918)
(49,124)
Net (liabilities)/assets
(61,681)
16,465
Called up share capital
1
1
Profit and loss account
(61,682)
16,464
Shareholders' funds
(61,681)
16,465
For the year ending 31 January 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 January 2025 and were signed on its behalf by
Deepak Soni
Director
Company Registration No. 08372403
DFITTINGS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
DFITTINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08372403. The registered office is 7 BRADENHAM ROAD, HAYES, LONDON, UB4 8LP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
DFITTINGS LIMITED
Notes to the Accounts
for the year ended 31 January 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
239,207
137,490
10,602
387,299
At 31 January 2024
239,207
137,490
10,602
387,299
At 1 February 2023
163,555
94,168
2,120
259,843
Charge for the year
47,841
27,498
2,120
77,459
At 31 January 2024
211,396
121,666
4,240
337,302
At 31 January 2024
27,811
15,824
6,362
49,997
At 31 January 2023
75,652
43,322
8,482
127,456
Amounts falling due within one year
Trade debtors
63,295
44,568
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
75,470
89,321
Taxes and social security
698
5,328
Loans from directors
108,380
177,385
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).