Company Registration No. 09016088 (England and Wales)
Diban Ltd
Unaudited accounts
for the year ended 31 March 2024
Diban Ltd
Unaudited accounts
Contents
Diban Ltd
Company Information
for the year ended 31 March 2024
Secretary
Adriana-Diana Ban
Company Number
09016088 (England and Wales)
Registered Office
Diban Ltd
Pad
Hoo Farm, Hoo Lane, Offley
Hitchin
Hertfordshire
SG5 3ED
England
Diban Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
547,846
787,254
Inventories
171,401
60,000
Cash at bank and in hand
26,744
12,183
Creditors: amounts falling due within one year
(825,199)
(891,811)
Net current assets
99,813
485,883
Total assets less current liabilities
647,861
1,276,346
Creditors: amounts falling due after more than one year
(234,338)
(442,887)
Net assets
413,523
833,459
Called up share capital
1
1
Profit and loss account
413,522
833,458
Shareholders' funds
413,523
833,459
For the year ending 31 March 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 18 February 2025 and were signed on its behalf by
Dumitru Ban
Director
Company Registration No. 09016088
Diban Ltd
Notes to the Accounts
for the year ended 31 March 2024
Diban Ltd is a private company, limited by shares, registered in England and Wales, registration number 09016088. The registered office is Diban Ltd, Pad, Hoo Farm, Hoo Lane, Offley, Hitchin, Hertfordshire, SG5 3ED, England.
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 accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Diban Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
1,326,226
14,767
57,202
1,398,195
Additions
19,328
-
7,375
26,703
Disposals
(14,475)
-
(16,515)
(30,990)
At 31 March 2024
1,331,079
14,767
48,062
1,393,908
At 1 April 2023
569,947
9,990
31,004
610,941
Charge for the year
241,928
1,925
14,834
258,687
On disposals
(7,051)
-
(16,515)
(23,566)
At 31 March 2024
804,824
11,915
29,323
846,062
At 31 March 2024
526,255
2,852
18,739
547,846
At 31 March 2023
756,279
4,777
26,198
787,254
6
Investments
Subsidiary undertakings
Valuation at 1 April 2023
202
Valuation at 31 March 2024
202
Diban Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
409,604
1,234,703
Other debtors
17,564
70,808
Amounts falling due after more than one year
Amounts due from group undertakings etc.
299,699
-
8
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
145,858
(1,748)
Trade creditors
210,160
535,159
Taxes and social security
315,957
322,812
Other creditors
151,724
34,088
9
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
213,332
412,130
10
Average number of employees
During the year the average number of employees was 10 (2023: 11).