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Registration number: 12615758

Dan Collier AV Services Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024

 

Dan Collier AV Services Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Dan Collier AV Services Limited

(Registration number: 12615758)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

18,706

20,896

Current assets

 

Stocks

5

-

785

Debtors

6

34,561

6,785

Cash at bank and in hand

 

3,000

9,387

 

37,561

16,957

Creditors: Amounts falling due within one year

7

(38,923)

(15,245)

Net current (liabilities)/assets

 

(1,362)

1,712

Total assets less current liabilities

 

17,344

22,608

Creditors: Amounts falling due after more than one year

7

(13,861)

(18,626)

Provisions for liabilities

(3,341)

(3,710)

Net assets

 

142

272

Capital and reserves

 

Called up share capital

1

1

Retained earnings

141

271

Shareholders' funds

 

142

272

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 February 2025
 

 

Dan Collier AV Services Limited

(Registration number: 12615758)
Balance Sheet as at 31 May 2024

.........................................
Mr Daniel Keith Collier
Director

 

Dan Collier AV Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Bracey's Accountants Limited
Unit 1 The Cam Centre
Wilbury Way
Hitchin
Hertfordshire
SG4 0TW

These financial statements were authorised for issue by the director on 13 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

At the year end, the company had net current liabilities. The director pledges to support the company and as such, the financial statements have been prepared on a going concern basis.

 

Dan Collier AV Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Judgements

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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% Reducing Balance

Office Equipment

25% Reducing Balance

 

Dan Collier AV Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Dan Collier AV Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2023

2,691

25,990

681

29,362

Additions

4,046

-

-

4,046

At 31 May 2024

6,737

25,990

681

33,408

Depreciation

At 1 June 2023

1,646

6,498

322

8,466

Charge for the year

1,273

4,873

90

6,236

At 31 May 2024

2,919

11,371

412

14,702

Carrying amount

At 31 May 2024

3,818

14,619

269

18,706

At 31 May 2023

1,045

19,492

359

20,896

Included in the above assets is a van under finance valued at £25,990 with £4,873 depreciation charged in the year.

5

Stocks

2024
£

2023
£

Other inventories

-

785

6

Debtors

Current

2024
£

2023
£

Trade debtors

-

171

Other debtors

34,561

6,614

 

34,561

6,785

 

Dan Collier AV Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

5,198

5,198

Taxation and social security

 

33,025

9,347

Accruals and deferred income

 

700

700

 

38,923

15,245

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

13,861

18,626

8

Obligations under leases and hire purchase contracts

Finance leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

5,198

5,198

Later than one year and not later than five years

13,861

18,626

19,059

23,824

9

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of 46,053.00 (2023 - 55,500.00) per each Ordinary

46,053

55,500

 

 
 

Dan Collier AV Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

10

Related party transactions

Other transactions with the director

At the year end, the director owed the company £25,840 (2023: £5,940). There are no terms relating to the repayment of this loan.

11

Parent and ultimate parent undertaking

The ultimate controlling party is Daniel Collier as director and shareholder.