Registered number
13421757
Dinghams Direct Ltd
Filleted Accounts
31 May 2024
Dinghams Direct Ltd
Registered number: 13421757
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 197 318
Current assets
Stocks 61,437 59,668
Debtors 4 35,652 50,894
Cash at bank and in hand 7,879 22,342
104,968 132,904
Creditors: amounts falling due within one year 5 (31,325) (48,815)
Net current assets 73,643 84,089
Net assets 73,840 84,407
Capital and reserves
Called up share capital 100 100
Profit and loss account 73,740 84,307
Shareholders' funds 73,840 84,407
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sarah Hardingham
Director
Approved by the board on 25 February 2025
Dinghams Direct Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing balance
Motor vehicles 25% Reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 350 100 450
Disposals - (100) (100)
At 31 May 2024 350 - 350
Depreciation
At 1 June 2023 88 44 132
Charge for the year 65 - 65
On disposals - (44) (44)
At 31 May 2024 153 - 153
Net book value
At 31 May 2024 197 - 197
At 31 May 2023 262 56 318
4 Debtors 2024 2023
£ £
Trade debtors 12,143 27,572
Other debtors 23,509 23,322
35,652 50,894
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 29,910 27,404
Taxation and social security costs - 10,724
Other creditors 1,415 10,687
31,325 48,815
6 Other information
Dinghams Direct Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Whittle Road
Salisbury
SP2 7YR
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