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COMPANY REGISTRATION NUMBER: 13077525
DED Accountancy Services Ltd
Filleted Unaudited Financial Statements
30 April 2024
DED Accountancy Services Ltd
Balance Sheet
30 April 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
6,610
9,733
Investments
6
250
-------
-------
6,860
9,733
Current assets
Debtors
7
20,878
35,412
Cash at bank and in hand
36,099
55,753
--------
--------
56,977
91,165
Creditors: amounts falling due within one year
8
35,111
79,223
--------
--------
Net current assets
21,866
11,942
--------
--------
Total assets less current liabilities
28,726
21,675
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
28,626
21,575
--------
--------
Shareholders funds
28,726
21,675
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income (including profit and loss account) has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
DED Accountancy Services Ltd
Balance Sheet (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 29 January 2025 , and are signed on behalf of the board by:
Mrs D J Evans-Dudley
Director
Company registration number: 13077525
DED Accountancy Services Ltd
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cors Afanen, Eryrys Road, Mynydd Du, Denbighshire, CH7 4BR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no material judgements, estimates or assumptions.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 May 2023
11,990
1,627
13,617
Additions
400
400
--------
-------
--------
At 30 April 2024
11,990
2,027
14,017
--------
-------
--------
Depreciation
At 1 May 2023
2,973
911
3,884
Charge for the year
2,997
526
3,523
--------
-------
--------
At 30 April 2024
5,970
1,437
7,407
--------
-------
--------
Carrying amount
At 30 April 2024
6,020
590
6,610
--------
-------
--------
At 30 April 2023
9,017
716
9,733
--------
-------
--------
6. Investments
Other investments other than loans
£
Cost
At 1 May 2023
Additions
250
----
At 30 April 2024
250
----
Impairment
At 1 May 2023 and 30 April 2024
----
Carrying amount
At 30 April 2024
250
----
At 30 April 2023
----
7. Debtors
2024
2023
£
£
Trade debtors
17,137
31,932
Other debtors
3,741
3,480
--------
--------
20,878
35,412
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,998
16,508
Corporation tax
13,163
12,948
Social security and other taxes
13,406
12,715
Other creditors
5,544
37,052
--------
--------
35,111
79,223
--------
--------
9. Director's advances, credits and guarantees
During the period, the director was repaid £31,508 in respect of her loan to the company, and at 30 April 20234 £5,544 (20223 £37,052) was outstanding in respect of the loan, and will be repaid before 30 April 2025.