Company registration number 09700953 (England and Wales)
Direct Laundry & Steam Installations Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 July 2024
PAGES FOR FILING WITH REGISTRAR
Direct Laundry & Steam Installations Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
Direct Laundry & Steam Installations Ltd
Statement Of Financial Position
as at 31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
10,454
12,299
Current assets
Stocks
2,191
2,294
Debtors
4
71,618
83,640
Cash at bank and in hand
6,573
29,902
80,382
115,836
Creditors: amounts falling due within one year
5
(16,005)
(45,458)
Net current assets
64,377
70,378
Total assets less current liabilities
74,831
82,677
Provisions for liabilities
6
(1,986)
(3,074)
Net assets
72,845
79,603
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
72,645
79,403
Total equity
72,845
79,603

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 3 February 2025
E Simpson
Director
Company Registration No. 09700953
Direct Laundry & Steam Installations Ltd
Notes to the financial statements
for the year ended 31 July 2024
- 2 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of goods and services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised on all timing differences between the carrying amount of of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is then settled or the asset realised, based on the tax rates that have been enacted or substantively enacted by the end of the reporting period.

Direct Laundry & Steam Installations Ltd
Notes to the financial statements (continued)
for the year ended 31 July 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 August 2023 and 31 July 2024
31,600
Depreciation and impairment
At 1 August 2023
19,301
Depreciation charged in the year
1,845
At 31 July 2024
21,146
Carrying amount
At 31 July 2024
10,454
At 31 July 2023
12,299
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
71,328
81,322
Other debtors
290
218
Prepayments and accrued income
-
0
2,100
71,618
83,640
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,175
1,097
Corporation tax
6,656
22,744
Other taxation and social security
3,924
19,367
Other creditors
2,250
2,250
16,005
45,458
Direct Laundry & Steam Installations Ltd
Notes to the financial statements (continued)
for the year ended 31 July 2024
- 4 -
6
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
1,986
3,074
7
Company information

Direct Laundry & Steam Installations Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 7 Upper West Scausby, Bradshaw, Halifax, HX2 9HZ.

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