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Company Registration No. 09016088 (England and Wales)
Diban Ltd Unaudited accounts for the year ended 31 March 2024
Diban Ltd Unaudited accounts Contents
Page
- 2 -
Diban Ltd Company Information for the year ended 31 March 2024
Director
Dumitru Ban
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
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Diban Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
3,007 
Tangible assets
547,846 
787,254 
Investments
202 
202 
548,048 
790,463 
Current assets
Inventories
171,401 
60,000 
Debtors
726,867 
1,305,511 
Cash at bank and in hand
26,744 
12,183 
925,012 
1,377,694 
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 
Capital and reserves
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
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Diban Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Leased assets
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:
Plant & machinery
5 years
Motor vehicles
5 years
Computer equipment
3 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Diban Ltd Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
3,007 
Disposals
(3,007)
At 31 March 2024
- 
Amortisation
At 1 April 2023
- 
At 31 March 2024
- 
Net book value
At 31 March 2024
- 
At 31 March 2023
3,007 
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 
Depreciation
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 
Net book value
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 
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Diban Ltd Notes to the Accounts for the year ended 31 March 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
409,604 
1,234,703 
Other debtors
17,564 
70,808 
427,168 
1,305,511 
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 
Accruals
1,500 
1,500 
825,199 
891,811 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,006 
30,757 
Obligations under finance leases and hire purchase contracts
213,332 
412,130 
234,338 
442,887 
10
Average number of employees
During the year the average number of employees was 10 (2023: 11).
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