0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-06-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 7652351 2023-06-01 2024-05-31 7652351 2024-05-31 7652351 2023-05-31 7652351 2022-06-01 2023-05-31 7652351 2023-05-31 7652351 2022-05-31 7652351 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 7652351 bus:OrdinaryShareClass2 2023-06-01 2024-05-31 7652351 bus:OrdinaryShareClass3 2023-06-01 2024-05-31 7652351 bus:OrdinaryShareClass4 2023-06-01 2024-05-31 7652351 bus:Director2 2023-06-01 2024-05-31 7652351 core:WithinOneYear 2024-05-31 7652351 core:WithinOneYear 2023-05-31 7652351 core:AfterOneYear 2024-05-31 7652351 core:AfterOneYear 2023-05-31 7652351 core:ShareCapital 2024-05-31 7652351 core:ShareCapital 2023-05-31 7652351 core:RetainedEarningsAccumulatedLosses 2024-05-31 7652351 core:RetainedEarningsAccumulatedLosses 2023-05-31 7652351 bus:SmallEntities 2023-06-01 2024-05-31 7652351 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 7652351 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 7652351 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 7652351 bus:FullAccounts 2023-06-01 2024-05-31 7652351 bus:OrdinaryShareClass1 2024-05-31 7652351 bus:OrdinaryShareClass1 2023-05-31 7652351 bus:OrdinaryShareClass2 2024-05-31 7652351 bus:OrdinaryShareClass2 2023-05-31 7652351 bus:OrdinaryShareClass3 2024-05-31 7652351 bus:OrdinaryShareClass3 2023-05-31 7652351 bus:OrdinaryShareClass4 2024-05-31 7652351 bus:OrdinaryShareClass4 2023-05-31 7652351 bus:AllOrdinaryShares 2024-05-31 7652351 bus:AllOrdinaryShares 2023-05-31
COMPANY REGISTRATION NUMBER: 7652351
Dewslake Limited
Filleted Unaudited Financial Statements
31 May 2024
Dewslake Limited
Financial Statements
Year ended 31 May 2024
Contents
Pages
Statement of financial position
1
Notes to the financial statements
2 to 3
Dewslake Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
Current assets
Stocks
336,598
336,598
Debtors
4
11,337
11,020
Cash at bank and in hand
1,062
304
---------
---------
348,997
347,922
Creditors: amounts falling due within one year
5
( 158,566)
( 157,899)
---------
---------
Net current assets
190,431
190,023
---------
---------
Total assets less current liabilities
190,431
190,023
Creditors: amounts falling due after more than one year
6
( 199,338)
( 199,338)
---------
---------
Net liabilities
( 8,907)
( 9,315)
---------
---------
Capital and reserves
Called up share capital
7
13
13
Profit and loss account
( 8,920)
( 9,328)
-------
-------
Shareholders deficit
( 8,907)
( 9,315)
-------
-------
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 income and retained earnings has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 January 2025 , and are signed on behalf of the board by:
Mr M Jones
Director
Company registration number: 7652351
Dewslake Limited
Notes to the Financial Statements
Year ended 31 May 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 Court House, Vale Court, Houghton, Milford Haven, Pembrokeshire, SA73 1NQ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.
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.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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.
4. Debtors
2024
2023
£
£
Other debtors
11,337
11,020
--------
--------
Other debtors include an amount of £nil (2023 - £nil) falling due after more than one year.
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
158,566
157,899
---------
---------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Secured loan
199,338
199,338
---------
---------
OneSavings Bank plc holds two fixed charges over the company's properties dated 23 October 2017.
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
10
10
10
10
Ordinary A shares of £ 1 each
1
1
1
1
Ordinary B shares of £ 1 each
1
1
1
1
Ordinary C shares of £ 1 each
1
1
1
1
----
----
----
----
13
13
13
13
----
----
----
----
8. Related party transactions
The company was under the control of Mr M Jones , a director, together with members of his close family throughout the current and previous year by virtue of their combined interest in 100% of the issued ordinary share capital. No transactions with related parties were undertaken such as are required to be disclosed under FRS 102.